Intuitively, you may think that a country wants to have a strong currency, as strong as possible, really. However, this is not always the case. In fact, a strong currency can be a burden on an economy.
Why is this important?
It’s important because there may be scenarious when governments take action to lower the value of [...]
In today’s trading, the US Dollar fell to nearly a 15 year low against the Yen. The greenback went as low as 84.9 Yen, but later gained some ground to 85.345. This is still a very low level historically.
The Swiss Franc also gained on the dollar, rising about 0.8% in total, though it was even [...]
As you know, I place a lot of emphasis on the emotional and mental aspect of trading. While some experts only talk about the technical side of Forex trading: how to read charts, how to identify entry points, where to place your stops and so on, I know that there is more to successful trading [...]
As you may know, I believe strongly that to become an independent trader, the kind that can make money over and over again in the long run. It’s not enough to have knowledge as the tension and the stress of the market can wreak havoc for any trader and cause him to make silly emotional [...]