Dollar index slips from a 14 years high and push the precious metal price higher -fx trading

Share This: Dollar index slips from a 14 years high and push the precious metal price higher -fx trading There has been a massive chaos in the energy sector from the very beginning of the year 2016.To be precise this whole year was full of major economic and political events. And according to the opinion of professional traders fx trading was extremely difficult due to instability in the U.S dollar and energy sector. The green bucks were supposed to hike their interest rate before the mid of June but to contact poor economic performance the FED delayed their interest rate hike in the global economy. However, in the last FOMC meeting minute, the FED come up with a hawkish hike on 25 basis point and dollar become significantly stronger against its all major rivals. And in the last OPEC meeting the stick decision was made on oil production capping and it also brought stability in the price of oil. Previously the price of oil was sharply falling down in the global economy and most of the investors were in fear due to chaotic conditions of the energy sectors. But things settled down to great extent in the global economy after the U.S presidential election. Donald Trump speech gave the dollar a strong ground against its all major rivals in the forex industry. He proposed to increase the fiscal spending and tax cut for the U.S consumer. Such a great step from the newly elected president created a positive sentiment into the mind of the U.S consumer. A strong positive sentiment always pushes the dollar higher in the global market. But in the last trading session, the dollar slipped from its 14 years high in the market. Upon the weakness of the U.S dollar, the oil price sharply rallied in the global economy and most of the professional investors went along with the weakness of U.S dollar. The price oil went up in the Monday’s trading session as the supply tightened in the market by OPEC hard decision. The price of Brent crude oil went up by 31 cents in the market which result at $55.41 per barrel. On the other hand, the price WTI often known as the crude oil gained 31 cents in the market and traded at $52.21 per barrel. Most of the professional traders are thinking that the price of oil will go higher in the near term future since there is a high chance that the U.S economy will tumble in the near term future. With the recent weakness of the U.S dollar the buyers have just stepped in the forex trading industry in order to pick the bottom of the currency pair. But the experts are still not ready to go short in the U.S dollar since they know the year 2016 has nothing to offer to the market. Most importantly the market will cease its volatility since […]

How the professional traders will trade the year 2017 -trading CFDs

Share This: How the professional traders will trade the year 2017 -trading CFDs The year 2016 has given many trading opportunities to the traders even through trading was extremely difficult. The forex market suffered from an extreme level of uncertainty in the global market due to the pending interest rate hike decision by the FED.There dollar gained its first bullish momentum in the market during the U.S presidential election held on 8th November 2016.Most of the traders were very much worried about Mr. Trump winning and thought the dollar will lose its strength in the global market. But during his victory speech, Mr. Trump surprised the whole world by saying that they are going to increase the fiscal spending and going to implement tax cut policy in the state. This creates an extreme level positive attitude in the U.S consumer and pushed the dollar up against its all major rivals. In the last FOMC meeting minute the FED also hike their interest rate on the basis of 25 points and this gave the green bucks the strongest boost of the year. The dollar index rallied high to its 14 years highs. During that event, trading CFDs was extremely difficult as most of the traders experiment extensive volatility in the market. To be precise the last two-month performance of the U.S economy was significantly great and it made the dollar broadly stronger against its all major rivals. But traders are thinking that all the dollar might lose its strength in the global economy. In the next year since most of the bulls will take rest for a while. The energy sector was pretty unstable in the year 2016 since the price of oil sharply dropped in the global economy. However, the oil found its first support in the global market after OPEC announced a production cut in oil. After the announcement, the price of oil sharply rallied in the global market showing a nice bullish momentum in the market. The year 2017 is going to extremely crucial for the traders. Most of the traders are currently confused about the ongoing strength of the US dollar and they are thinking that the dollar bulls might fail in the near term future. Most importantly all the currency pair in the global market is trading near a critical support level and if the dollar weakens in the near future then we will see a strong bullish rally in the market against the green bucks. However, traders should be extremely cautious about selling the dollar at the current moment as FED has projected three rate hike in the next year. The central bank will also pressure the FED for at least two rate hike before the month of November 2017 so that they can adjust their current inflation rate. Adjusting the inflation rate is extremely important since a higher inflation rate affects the economic performance of the country in a negative way. So fundamentally […]

Outstanding Forex Trading Platforms

Share This: Forex: Three Outstanding Forex Trading Platforms Discussed Thanks to the tremendous income opportunity presented by it, Forex continues to draw traders in large numbers. There is a lot to be earned in a market where more than 3 trillion dollars change hands every day. Traders, ready to open forex account should be prudent enough to carry out substantial research on various factors before initiating their career- the choice of the trading platform and broker, the currency pairs among others. Talking about the trading platforms, traders need to invest due time on various platforms at the same time- just to figure out which interface suits their trading style the best. Discussed below are three of the leading trading platforms that can be tried out. Meta Trader 4 Both Meta Trader 4 and Meta Trader 5 are designed by eminent Russian software firm MetaQuotes. It was in the year 2005, that they came up with Meta Trader 4 and since then there has been no looking back for them as far as their domination in the market is concerned. The platform is packed with a wide array of tools that help traders to conduct price analysis, enter and manage trading positions, as well as to organize trading robots. Japanese candles and bars and lines are a few types of charts that traders have access to. The platform was primarily established to back online trading across various markets including forex, contract for differences (CFDs) and futures. This one definitely makes for one of the most widely used trading platforms today. Meta Trader 5 It is a new trading system defined by high productivity, refined architecture and due flexibility. Its No Dealing Desk (NDD) technology helps it to respond to the modern international practices with ease. Just like its predecessor (Meta Trader 4), Meta Trader 5 supports trading activities in forex, Futures, CFD and equity markets. There is a wide array of trading tools to be availed as well. It is powerful, flexible and can be customized to suit your trading style. There is no dearth of pre-installed technical indicators that can help you in the process of placing orders and keeping track of your exposure with noticeable ease. Meta Trader 5, so far has proved to be a worthy carrier of the legacy of Meta Trader. cTrader The cTrader trading platform has been designed by a London based trading firm of the same name (cTrader). This platform is known to deploy the Direct Market Access (DMA) feature which enables traders to buy or sell orders to/from the Order Book of exchange – without having to take aid of an intermediary. Actually, direct access to the Order Book of exchange is only available to brokers or market makers. DMA has emerged as a major source of help for private companies and traders because they can deal with the Order Book directly. DMA renders the much coveted degree of sophistication to the platform, not typically associated […]

Forex Trading Platforms Discussed

Share This: Forex: Three Outstanding Forex Trading Platforms Discussed Thanks to the tremendous income opportunity presented by it, Forex continues to draw traders in large numbers. There is a lot to be earned in a market where more than 3 trillion dollars change hands every day. Traders, ready to open forex account should be prudent enough to carry out substantial research on various factors before initiating their career- the choice of the trading platform and broker, the currency pairs among others. Talking about the trading platforms, traders need to invest due time on various platforms at the same time- just to figure out which interface suits their trading style the best. Discussed below are three of the leading trading platforms that can be tried out. Meta Trader 4 Both Meta Trader 4 and Meta Trader 5 are designed by eminent Russian software firm MetaQuotes. It was in the year 2005, that they came up with Meta Trader 4 and since then there has been no looking back for them as far as their domination in the market is concerned. The platform is packed with a wide array of tools that help traders to conduct price analysis, enter and manage trading positions, as well as to organize trading robots. Japanese candles and bars and lines are a few types of charts that traders have access to. The platform was primarily established to back online trading across various markets including forex, contract for differences (CFDs) and futures. This one definitely makes for one of the most widely used trading platforms today. Meta Trader 5 It is a new trading system defined by high productivity, refined architecture and due flexibility. Its No Dealing Desk (NDD) technology helps it to respond to the modern international practices with ease. Just like its predecessor (Meta Trader 4), Meta Trader 5 supports trading activities in forex, Futures, CFD and equity markets. There is a wide array of trading tools to be availed as well. It is powerful, flexible and can be customized to suit your trading style. There is no dearth of pre-installed technical indicators that can help you in the process of placing orders and keeping track of your exposure with noticeable ease. Meta Trader 5, so far has proved to be a worthy carrier of the legacy of Meta Trader. cTrader The cTrader trading platform has been designed by a London based trading firm of the same name (cTrader). This platform is known to deploy the Direct Market Access (DMA) feature which enables traders to buy or sell orders to/from the Order Book of exchange – without having to take aid of an intermediary. Actually, direct access to the Order Book of exchange is only available to brokers or market makers. DMA has emerged as a major source of help for private companies and traders because they can deal with the Order Book directly. DMA renders the much coveted degree of sophistication to the platform, not typically associated with other trading platforms. The platform […]