The consumer is a major engine for economic growth for any country or region. This is why forex traders need keep an eye on signs of a strengthening or weakening consumer. One sign of a stronger consumer is the ability and willingness to spend money on goods. Therefore, retail sales reports are key economic indicators …
Advantages and Disadvantages of Retail Sales Reports for Forex Read More »
When I was younger, I was a crafting fiend. Elmer’s Glue, construction paper and markers were all I needed to while the hours away, relishing quiet time with my own creative genius. All those master pieces I created? Well, “beauty is in the eye of the beholder”, as they say. The point is, I grew …
“I would kill my kid!” is usually the first thing that comes to mind when someone thinks about homeschooling. “But I’m not a teacher– I don’t have a degree!” is another. It is easy for a parent to feel instantly overwhelmed when contemplating the idea of becoming wholly responsible for their child’s education. So what …
To Homeschool, or Not to Homeschool, That Is the Question Read More »
The Institute for Supply Management (ISM) regularly releases several economic indicators that are important to forex traders. The ISM, which was founded in 1915, services 40,000 business professionals by focusing on data and research on supply chain management. In the beginning of each month the ISM publishes the ISM Purchasing Managers Index (PMI). Although the …
Most countries have a central bank which makes monetary policy decisions. These central banks usually have a “benchmark” interest rate. This benchmark interest rate serves as a guide for interest rates that the central bank as well as other commercial banks lend to each other in order to cover short-term operational needs. These interest rate …
Prices that consumers pay for products and services tend to go up as demand increases. This phenomenon is known as inflation. Many times forex traders see inflation as a sign of a strengthening consumer. Therefore, market participants will pay close attention to economic indicators that attempt to measure inflationary factors. One of the most commonly …
How the Producer Price Index Affects Forex Markets Read More »
Employment is an important aspect of an economy’s ability to expand since it is an indicator of future spending trends for consumers. Forex traders will monitor the different employment reports for various countries since stronger consumer spending will increase demand for a particular currency. Therefore, employment reports are key economic indicators for any investor looking …
Forex traders should be keen on significant economic data releases that could shed light on the strength of a country’s economy and how that affects the valuation of the country’s currency. One of the most important economic indicators is the Gross Domestic Product (GDP). This data set is essentially the total monetary value of goods …
Interpreting Gross Domestic Product (GDP) Data for Forex Trading Read More »
Inflation is defined as increases in pricing for goods and services. Forex traders examine economic indicators that attempt to measure inflation because inflation suggests a country’s economy is growing. Forex traders see rising inflation as a sign of surplus money in a country’s economy which would possibly prompt the central bank to attempt to reduce …
Interpreting the Consumer Price Index for Forex Trading Read More »
Forex traders look to sets of economic data known as economic indicators in order to determine the health of a country’s economy. This plays a significant role in determining the value of a country’s currency in the forex market. The most commonly used economic indicators measure productivity, inflation, employment and interest rates. Gross Domestic Product …
Forex traders use what is known as fundamental analysis to help decide how to trade in the currency market. This type of analysis takes into consideration statistical data and economic indicators in order to determine the value of one currency against another. Fundamental analysis may include interest rates, inflation indicators, employment reports and a variety …
The economic health of a country or region greatly affects how forex market participants assign value to the country’s currency. Forex traders pay close attention to economic announcements since these data sets can help provide clues about a country’s economic health. Generally, the healthier the country’s economy the stronger its currency is against other currencies. …
Forex traders mainly use two types of analysis in order to determine future movements in the currency market. Fundamental analysis looks at economic announcements in order to deduce the health of a country’s or region’s economy. Alternatively, technical analysis examines price action and chart patterns in order to predict price movements in the forex market. …
How would your boss react if it took nearly 10 years for you to complete one of your work assignments? Okay, forget about completing it, just imagine taking 10 years to get to the best part of an assignment. Chances are you’d be out of a job. Luckily for the New Horizons team, NASA was …
Pluto Sends Its Love from Billions of Miles Away Read More »
There are many types of participants in the forex market. Each type of participant has its own purposes for entering the currency exchange markets. It is essential for traders and investors to understand the motivations underlying decisions made by the main forex market participants. Central Banks and Governments Federal governments and central banks are among …
After the end of the Bretton Woods system, there was a need for a new foreign exchange system to be adopted in order to enable international exchange of currencies. The Jamaica agreement of 1976 officially ratified a floating exchange rate. This permanently abolished the gold standard, thus allowing the rate of exchange between various currencies …
The Current Forex System: Floating Exchange Rates Read More »
Even though I had already been forming crude letters with my arms for years whenever Village People started thumping out of the speakers at the skating rink, I didn’t actually realize that the YMCA was anything more than a jumble of random letters until I read Are you there God? It’s Me, Margaret by Judy …
The current forex market is a sophisticated global system powered by the latest in computer technologies and networks. Money is usually not literally printed, but instead is created digitally via cyberspace and computers. However, there was a time when the value of currency had a more integral connection with the physical world. The first global …
The Gold Standard: Beginnings of the Forex Market Read More »
War can have disastrous effects on a population. This is not only apparent in the amount of death and human suffering. War can also be devastating to economies. Towards the end of World War II governments around the world realized that there would be a long period of reconstruction required. They knew that major economic …
The Bretton Woods System: Recovering From World War II Read More »
The forex market is ultimately about making money. Not only does this include traders making money but the forex market makers also need to make money. The forex market makers are the firms which facilitate and provide a platform for traders to buy and sell currency. These firms act as forex dealers or brokers. However, …
Difference Between Bid and Ask Price Quotes in Forex Read More »
Many in the finance industry as well as everyday people may have given some thought to trading forex for financial gain. However, it is important for people to understand the benefits and risks of trading forex. Also, understanding the difference between trading the forex market and other financial markets, such as the stock market, will …
On the fence about audiobooks? Sadly, I’ve met quite a few people who still can’t shake that image of their weird uncle listening to crazy political audiobooks at the family reunion, but I beg you, give audiobooks the chance they deserve. In fact, forget about the cute sundresses and $1 Old Navy Flip Flop sales, …
3 Reasons Audiobooks Should Be Your Hottest Accessory This Summer Read More »
How to read a currency quote in the forex is important for any aspiring trader to understand. In forex, the price of a currency is quoted against another currency’s value. For instance, the price of exchange between the Euro (EUR) and the U.S. dollar (USD) would be expressed in the following way: EUR/USD = 1.13391 …
The forex market is the largest financial market in the world and is many times larger than even the stock market. The U.S. Stock market sees about $2,000 billion worth of trades on a daily basis. However, the forex market sees almost $5 trillion worth of trading everyday. No Centralized Marketplace Forex is unique compared …
When I took a 7 am Biology class last fall, I would roll out of bed at 5, groggily stumble down the stairs, and roll out my yoga mat on the living room floor so that I could mumble insults at the impossibly flexible and annoyingly perky yoga instructors that I streamed through YouTube. In …
The next move you should make in the chess game of business success is the effort to STOP leveraging time for money. I covered this in my book 6FPP and I’m currently developing an entire training series around this concept. Let’s be real, if your income is based entirely upon your personal ability to leverage …
Hundreds of thousands of transactions are completed everyday in the foreign-exchange market, otherwise known as the forex market. This amounts to an average of $1.9 trillion per day in trading transactions. The forex market, the largest and most heavily-traded financial market in the world, is a market system that enables participants to trade one currency …
Helicopter parents are the talk of the Internet, with proponents claiming that they are simply ensuring the safety and future success of their children by hovering under the playground ladder and making themselves an ever-available presence in their children’s lives. Despite that, helicopter parents are routinely blamed with creating children that are unable to succeed …
Florida Parents Arrested for Allowing Son to Play in Own Driveway Read More »
[vc_row][vc_column][vc_column_text] “You don’t flirt when he looks good. You flirt when you look good.” I remember seeing this headline above an image of a girl admiring herself in the mirror on the glossy page of the magazine many years ago. I think it was advertising jeans, but I honestly don’t remember. But that particular statement …
9 year-old Hailey Fort began helping the homeless four years ago when she saw a homeless man on the side of the road and asked her mother if there was anything she could do. They bought him lunch and from there, Hailey has taken it upon herself to help the needy. She spends her free …
9 Year-Old Girl Spends Her Free Time Building Shelters And Growing Food For The Homeless Read More »
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