|Is it possible for traders to learn on their own|
|At the beginning of getting to know Forex, you'll find that there are quite a lot to learn about foreign currency trading, which may cause frustration. In these days, spread wisdom is that the only way to achieve success in Forex is to teach yourself how to trade. Given that there is a high failure rate among traders learn forex trading, will represent that wisdom a viable option ?|
|The main reasons for the loss of most currency traders in the foreign exchange market|
|Greed / lack of planning|
Crude oil fell by 1.96 at the end of the week at 82.86. And the unexpected decline in interest rates announced by the People's Bank of China to the markets, and also gave them a shutter, as investors began to worry that the economic slowdown in China, which was worse than expected. This is the first cut since 2008.
The US Dollar achieved a wonderful week, at the expense of European concerns to reach levels not seen since mid-March. Will we see a patch with the release of many of the numbers in the United States? Or is the European news continues to push the dollar higher? Retail sales in the United States, the Philadelphia Fed Manufacturing Index, and the minutes of the FOMC meeting are the main drivers of the market this week. We have a look at the major events that lie ahead.
The euro rose to its highest level in three weeks against the U.S. dollar on Friday backed a successful auction in Italian government bonds, while renewed expectations of further measures to ease by the Federal Reserve, which significantly affects the dollar.
Australian dollar climbed to its highest level in five weeks against its U.S. counterpart on Friday after disappointing data on growth in the United States during the first quarter as well as expectations that the Federal Reserve has implemented a new mitigation measures.