Black FridayUp to 80% OFF
Eurocash S.A.Eurocash S.A.Eurocash S.A.

Eurocash S.A.

No trades
See on Supercharts
OverviewFinancialsNewsIdeasMindsForecastsSeasonalsBondsETFs

Trade ideas

Forex Reaction to GDPWhen someone mentions Macroeconomics, they are automatically talking about the big picture of the economy. Macroeconomics is concerned with the large-scale view of an economy and there are usually four main factors that make up this subject: GDP, Inflation, Unemployment, and Interest Rates. In most cases, changes in these factors could drive the Forex market in one way or another. Among the most important economic indicators that capture the whole economy’s behavior is GDP. GDP is the accumulation of the economic output that represents where the economy stands in the business cycle. With increasing GDP readings, the economy is witnessing an expansion; hence, the currency appreciates. While decreasing GDP readings signal that the economy is deteriorating and witnessing recessionary periods; hence, the currency depreciates.
GPW:EUREducation
by RoyalFinancialTrading
Rationalizing Mistakes will Cost youPicture this, sitting there on your trading desk, having all the latest tools at your disposal. One of those pings up and show you the perfect trade set-up, but for a second you hesitate, and the opportunity is gone. You doubt yourself and say, “Better late than never,” and that kind of thinking, trying to rationalize a mistake made which will cost you a lot. Instead of a properly managed trade in terms of risk and reward, you have a trade that is out of whack. When you risk is wrong, your whole trade is wrong, and your target might not cover the risk that you are taking. A simple delayed response and a rash decision leads to overcompensating any losses that you might have incurred and that in turns leads to inconsistent profits. Bottom line you should always “plan your trade and trade you plan,” otherwise you might as well try your luck at the roulette table.
GPW:EUR
by RoyalFinancialTrading