Edge Forex

Category: Uncategorized

  • Addiction to FX trading?

    #edgeforex #trading #market #stocks #money #usd #gold #forex #green #investing #ethical #cryptocurrencies #fx #addiction #loss #bitcoin addiction

    The addictive nature of FX trading is one of the most under-discussed topics among retail traders. The reasons for the negligence are self-evident. 

    Brokers want that traders trade as frequently as possible since it boosts their revenue. As a result, there is a monetary incentive not to bring it up. For the dishonest broker, FX addiction is just another way to exploit the gullible retail trader. Retail traders, on the other hand, refuse to admit what they already know to be true: FX trading consumes much too much time. Particularly because a breakthrough is just around the corner.

    The first thing to keep in mind is that FX trading is addicting. FX trading may take up a lot of our time and attention. The difference is that for most people, FX trading does not immediately set off warning bells as alcohol and narcotics do. The allure of FX trading is strong, but it is not immediately apparent. 

    Trading offers, working for yourself, working remotely from any place with an internet connection, financial independence, and the possibility to make large sums of money are all possibilities. 

    If you are concerned about your market position when you should be concerned about your friends and family, you need to ask yourself some tough questions. Simply because you may trade from anywhere at any time does not mean you should. If you can’t get away from the markets to spend time with them around the holidays, it’s a definite clue that something is wrong.

    Could you ask your relatives what they think of your trading? Maybe they’ll respond, “Yes, you may trade, but can you do it while we’re in bed or after we’ve gone to sleep?” You may discover that they have strong feelings about whether you should deal or not. That may help you make a clearer judgment for yourself, and it may also help you create restrictions or parameters for your trading during normal business hours. At the very least, the lines of communication are open, and accountability is sought rather than evaded. 

    You don’t have to be involved in the financial markets for long to see that they have an oddly absorbing effect on you, drawing you in and swallowing your thoughts. This is never more true than when you are engaged in a deal. Trading intraday while doing a normal job is not something you should try. It will cause you to be distracted from your normal job, your family, or both. 

    Listening to people who are thinking about the same subject as you may aid you in your thoughts. 

    People have lost a lot of money as a result of FX trading. What is meaningful varies greatly amongst persons. Some people can lose £50,000 in an afternoon with no repercussions to their money. Others can lose £10K in a year, which is a catastrophe. So, what matters here is whether or not you have lost a large quantity of money. Has it affected your relationships? Have you lost a spouse or partner as a result of it? Friendships, sleep, a spouse, a house, and one’s health have all been lost. It’s alarming to realize that FX trading might have some of the same consequences.

    Do Something about it.

    It will cause you to become distracted from your normal job, your family, or both.

    Listening to people who are thinking about the same problem as you may aid your thoughts.

    People have lost a lot of money because of FX trading. What is significant varies from person to person. Some people can lose £50,000 in an afternoon and it isn’t a huge problem for them or their money. Others can lose £10K in a year, which is a tragedy. So, what matters here is whether or not you lost a considerable sum of money. Has it had an influence on your relationships? Have you lost a spouse or a partner as a result of it? Loss of friends, sleep, spouse, house, and health. It is disheartening to realize that FX trading might have some of the same consequences.

    Having specialists handle your trading account, such as traders at Edge-Forex, may assist reduce your mental stress and potential addiction. More importantly, you may use our trade signals to avoid getting sidetracked by the news and instead focus on what you truly require. This is simply a friendly reminder that Forex trading is a marathon, not a sprint.

  • Stocks Or Forex?

    #edgeforex #forex #trading #market #stocks #bond #dollar #revenge #inflation #euro #eur #prices #ecb #news #southafrica #dollar #cryptocurrency #bitcoin stocks

    It is a critical question to ask. Which is preferable, FX or stocks?


    This is true whether you are just getting started in trading or have been trading for a while and want to diversify your portfolio.
    This question has a depressingly obvious answer: it depends.


    Both have advantages and downsides, so it’s important investigating which advantages correspond to a trader’s strengths.
    If you’ve been having a difficult time in one of these areas, switching to the other may yield better results.

    Stability or Volatility


    Currency is designed to be generally stable, which is one of its general qualities.
    Currencies that have large value fluctuations do not operate as well. As a result, central banks and governments make significant efforts to maintain them stable throughout time.


    However, there are times when the variations might be rather extreme. But, for the major currencies that are traded on the forex market, do not have more than a percentage point of change in a single day.


    Stocks, on the other hand, are intended to generate profits. The sooner they advance (upwards), the better things will be for everyone (except those who sold short).


    As a result, stock values tend to fluctuate quite a little. For stock traders, this implies that our brokers do not provide us as much margin, but we have more opportunity to earn higher gains.

    Knowledge.


    As a result of the preceding, stocks tend to fluctuate a lot more dependent on what’s going on in a specific firm.
    Fundamentals are more important to stock traders.


    Currencies vary in value primarily as a result of actions made by significant market makers in response to larger trends. Naturally, fundamental concerns influence the relative value of currencies in the forex market, but it is feasible to trade them nearly entirely on technical indicators.


    When trading the AUD, you can get away with without knowing who Australia’s Prime Minister is.
    However, failing to follow Elon Musk on Twitter when trading Tesla might be dangerous.

    Equilibrium or Expansion


    In the medium and long run, well-managed firms will expand and their stock price will rise.
    As a result, the long-term trends of every stock index in the globe have been rising.


    People who wish to acquire and hold for a prolonged length of time benefit from the long-term trend. When it comes to Forex, currencies tend to fluctuate but typically tend to move towards equilibrium.


    There are varying cycles depending on the time frame, but in general, every central bank is attempting to achieve currency stability, which implies that they are all striving for roughly the same goal.
    The benefit here is that if you’re trying to go in and out of the market, there are enough of ups and downs to take advantage of.

  • Inflation in the Eurozone reaches a new high

    #edgeforex #forex #trading #market #stocks #bond #dollar #eurozone #inflation #euro #eur #prices #dollar #hike #covid-19 #cryptocurrency #oil #japan #bitcoin eurozone

    Inflation in the eurozone reached its highest level on record this month, owing to rising energy prices. Eurostat statistics revealed on Tuesday that inflation is likely to peak before a sluggish drop that will keep it uncomfortably high for the rest of the year.


    Energy prices were up 27% year on year due to rising oil costs, while inflation in services and non-energy industrial products, which have been a brake on price increases in recent years, was also above 2%, indicating a strong rise in underlying pricing pressures.


    In November, the consumer price rise in the eurozone’s 19 member countries surged to 4.9 percent. It is by far the greatest level in the 25 years since the number has been produced, up from 4.1 percent a month before and well ahead of the 4.5 percent expected.


    Despite the fact that inflation is now more than double the European Central Bank’s objective of 2%. It is unlikely to prompt policy action, even though the data is unsettling, and might put political pressure on the ECB to slow price increases.


    Inflation excluding food and fuel costs, as well as a broader measure that also excludes alcohol and tobacco goods, both jumped to 2.6 percent, much above the 2.3 percent expected.

    The ECB has always maintained that the inflationary increase is just transitory. This is produced by a variety of one-time reasons and will fade over time.
    As a result, policy action now would be counterproductive since it would stifle economic development at a time when inflation is naturally easing.


    While some policymakers have warned that high inflation, even if temporary, could trigger a surge in wages. At the same time ECB President Christine Lagarde and chief economist Philip Lane have dismissed this argument. He says that wage growth remains anemic and there is no sign that firms are permanently altering their remuneration behavior.


    Indeed, the ECB has promised continued stimulus with bond buys and record low rates throughout 2022. Even a long list of central banks around the world is already tightening policy.


    The potential headache is that inflation will now take months to drop and could stay above the ECB’s target until the second half of 2022.
    A communication challenge for a bank that has struggled with low inflation for a decade and has little experience with price growth above its target.


    The ECB will next meet on Dec. 16, when it is almost certain to end a 1.85 trillion euro emergency bond purchase scheme but will likely ramp up other measures to make up for the lost stimulus.

  • Forex News, November 30, 2021

    #edgeforex #forex #trading #market #stocks #bond #dollar #inflation #euro #eur #prices #dollar #hike #covid-19 #cryptocurrency #omnicron #japan #bitcoin omnicron

    Italy


    Italy’s final GDP for the third quarter was +2.6 percent, compared to +2.6 percent in the previous quarter.
    Istat’s most recent statistics – 30 November 2021 • GDP +3.8 percent versus +3.8 percent y/y preliminary
    The source’s release was somewhat delayed. The early estimates remain unchanged, confirming a minor increase in activity in the previous quarter. That said, with the prospect of omicron, all of that is out the window.

    Europe


    European shares are off to a shaky morning as risk sentiment remains cautious.
    The Stoxx 600 index has dropped to its lowest level in over seven weeks • Eurostoxx -1.0 percent
    Germany DAX is down 1.2 percent.
    CAC 40 -1.4 percent in France
    FTSE 100 -1.0 percent
    Spain’s IBEX fell 1.7 percent.


    Following a strong performance yesterday, European stocks returned to Friday’s anxious attitude as Moderna’s CEO stated earlier that vaccinations may be much less effective against the omicron variety.

    Risk trades, in general, are continuing under pressure, with 10-year Treasury rates down 7.5 basis points to 1.454 percent and oil currently down 3% to $67.80.


    For the time being, USD/JPY is avoiding a dip below 113.00, while USD/CAD is approaching the 1.2800 level. The aussie and kiwi are also under pressure, although they are holding at important technical levels, as previously said.


    Japan


    Japan’s overall spending for the upcoming fiscal year is expected to set a new high.
    According to Kyodo News, based on the draught budget, overall spending is anticipated to reach 107 trillion, a record high.

    That is hardly surprising given Kishida’s announcement earlier this month of a massive 79 trillion stimulus programme to tackle the pandemic’s impact.

    Japan certifies the first occurrence of the omicron variety. The preceding example involves a man in his 30s who has arrived from Namibia.

    Don’t be shocked if additional nations disclose results of the variation, as delta has already set a precedent.

    The question now is whether omicron has been actively circulating long enough to cause a significant increase in infections (that is yet undetected maybe)
    What a short turnaround in the day, and we’re back to dread and terror.

    But bear in mind that there are still a lot of unknowns about the omicron version, so while markets are risk-averse right now, things might not be that awful if we have more information in a few weeks.

    For one thing, most vaccine manufacturers appear to be optimistic that they will be able to develop an effective vaccine within “months.” Second, we don’t know if omicron is a much worse version of COVID-19 than other forms.

    Friday’s lack of liquidity aided in exaggerating market movements, and as a result, the dread that is currently living among market players is a little louder than it truly is.

  • Forex Trends this Autumn/Winter.

    #edgeforex #forex #trading #market #stocks #bond #dollar #inflation #euro #news #season #Fx # #europe #eur #prices #ecb #news #southafrica #dollar #cryptocurrency #bitcoin season

    The hot new season trend in FX markets is strong currencies. Nations are no longer striving to weaken their currencies in order to secure a share of decreasing export markets. Instead, the inflationary and direct costs of increasing energy prices have prompted policymakers to reconsider FX policy.

    The dollar is very much on-trend, boosted by energy independence and a market move toward the Fed’s own hawkish views for stronger monetary policy. Expect the dollar to strengthen in the next months, as well as the energy export complex to outperform.

    China and the yuan stand out in this regard, but the UK and the US are also headed in this way as monetary policy normalizes. Because the United States has mostly achieved energy sufficiency during the previous decade, it is better positioned than many others to weather the energy price concern.

    Nonetheless, the Federal Reserve appears to be taking the inflation danger more seriously, presenting a set of Dot Plot predictions for the Fed Funds goal in September that were significantly higher than market expectations.

    The market’s adjustment to the Fed should be a key support for the dollar in the coming months. We are also upgrading our dollar projections until the end of 2022.

    In Europe, the European Central Bank has yet to go beyond its ‘transitory’ stance on inflation, and we believe EUR/USD will be sensitive to 1.13 in the coming months. 

    A more hawkish Bank of England believes the pound is better positioned to resist dollar pressure. However, our team is sceptical that the BoE will act as soon as the market anticipates. The EUR/GBP range may continue low at 0.8450/70. 

    However, where a nation stands on the energy export/import grid and how central banks plan to respond to inflation will remain key to FX markets. The two are linked via income shocks and production disparities.

    Norway, Canada, and Russia are all well-positioned. Japan and Turkey are also in a bad condition. We anticipate that these fundamental tendencies will persist.

  • Let’s talk EUR/USD

    #edgeforex #forex #trading #market #stocks #bond #dollar #inflation #euros #eur #prices #dollar #hike #covid-19 #cryptocurrency #oil #japan #bitcoin

    The Euro (EUR) is a relatively new currency, having been introduced in 1999. The European Union’s single currency has supplanted a slew of national currencies, including the German mark, the French franc, the Italian lira, and others.

    As a result, one of the euro’s characteristics is its vulnerability to macroeconomic figures for the entire Eurozone as well as those for individual EU members.

    On January 1, 1999, the European currency was formally launched into non-cash circulation, and on January 1, 2002, banknotes and coins were placed into cash circulation.

    The euro is second only to the US dollar in terms of volume of use in international payments. It is also the world’s second most popular reserve currency (behind the US dollar). The EUR/USD currency was in the 1.1800 range at the time of the official start of trade.

    The EUR/USD pair has changed dramatically since 1999. The euro’s prospects were still hazy in the first two years, and the quote was falling, hitting a low of roughly 0.8200. After then, the pair rose for seven years, hitting an all-time high of 1.6000 in 2008.

    The pair corrected dramatically in later years as a result of the financial crisis’s effect and several challenges in the Eurozone.

    The EUR/USD pair is now trading at $1.12823.
    Perhaps under President Biden, the path of the dollar will become a bit simpler to anticipate. To begin with, financial markets expect the incoming US president to run less overseas and deal with trade conflicts more politely.

    This brings more peace and stability to the financial markets, lessening the demand for a safe haven like the dollar.

    2020 has been a highly illuminating year in terms of market mood. The market was unpleasantly startled by the intensity, scale, and effect of the coronavirus pandemic during the first coronavirus wave in March, forcing investors to run to the dollar as a safe haven.

    Coronavirus support was “suddenly” viewed favorably by the market. According to investors, the ECB demonstrated that it was doing all possible to prevent enterprises from collapsing and to protect people’s employment.

    Because of the existence of unanticipated market situations and the sometimes-surprising market reaction to them, our starting point is those price projections should always be taken with a grain of salt.

    Many market participants predicted a lower dollar at the end of 2018, but the dollar strengthened in 2019 as a result of the US-China trade dispute. This produced a great deal of uncertainty, forcing capital to rush to safe havens such as the US dollar.

    Such occurrences are impossible to imagine, and this has been especially true in recent years in the United States, with a volatile figure like Donald Trump at the helm.

    All of this suggests that capital flows to developing markets and currencies will continue to flow at the cost of the US dollar. Countries such as Indonesia and Mexico have aggressively decreased their interest rates. But these rates remain far higher than those in the United States.

  • Forex Trading World Today November 25, 2021

    #edgeforex #forex #trading #market #stocks #bond #dollar #inflation #euro #eur #prices #ecb #dollar #cryptocurrency #bitcoin forex

    USA 

    Technically, the dollar remains in terrific shape. The greenback is trading more mixed and a little lower on the day, but not by much when compared to the moves in the previous week or even yesterday.

    In US forex trade yesterday, the EUR/USD fell below 1.1200 for the first time since June 2020, but is again hovering around 1.1220. In the grand scheme of things, mild bounce today means very nothing. 

    The USD bulls are still in command, as seen by the USD/JPY market movement. 

    The pair may be down 0.1 percent today, but as long as it remains above 115.00, buyers will have a decent platform to build on in order to extend the upward leg from here. In other news, the dollar is somewhat weaker against the pound and the loonie so far today, but not significantly so. With the Thanksgiving holiday ready to engulf markets, we may not see any substantial changes in FX until next week.

    Iraq

    Iraq claims that the OPEC approach has been effective thus far; OPEC is cautious about pumping and cutting oil output; and OPEC does not want to lose this success since oil markets remain volatile. Any extra amounts may result in a price collapse or oversupply. This is more about future policy, but it doesn’t tell much about what they could do collectively as a bloc in reaction to the SPR release at next week’s meeting. 

    Europe  

    European markets begin the day higher.  

    Eurostoxx +0.3% , France CAC 40 +0.3%. The FTSE 100 in the United Kingdom is up 0.1 percent, while the IBEX in Spain is up 0.2 percent. She’s moving steadily, which is likely to preserve the peace throughout the Thanksgiving holiday later in the day. In terms of currency, the dollar is still a touch slow, but not by much following the advances of the previous day and week in the forex market.

    Japan

    In its most recent monthly report, Japan maintains its overall economic rating. Japan maintains that the economy continues to show signs of weakness in its recovery, despite the fact that severe conditions are gradually easing. 

    Notably, the government raised its forecast for consumption for the first time in 13 months as service spending increased, but it reduced its forecast for exports and production due to persistent supply issues and a slowdown in China’s economy.

    China

    The United States’ entity list is detrimental to US-China ties. China’s Commerce Ministry Remarks • Opposes US Sanctions on Chinese Companies.

    In terms of the trade blacklist, it is all part of the show between the two nations, since there are more pressing matters to address in the broad scheme of things.

    Germany 

    Germany’s final GDP for the third quarter was +1.7 percent, compared to +1.8 percent in the previous quarter. Destatis’ most recent data was issued on November 25, 2021. 

    • GDP (non-seasonally adjusted) +2.5% versus +2.5% y/y preliminary 

    • GDP (working day adjusted) +2.5% versus +2.5% y/y preliminary 

    There is almost little change from the previous report, with just the headline updated to be a little lower, but it maintains a relatively moderate expansion, albeit hampered by supply constraints and growing cost pressures in general. 

    The forecast for Q4 and next year is even less hopeful, as supply and capacity bottlenecks remain, and the worsening COVID-19 situation adds to headwinds for the German economy.

    Read further below:

    https://finance.yahoo.com/quote/%5EFCHI?ltr=1

  • What takes to be a Forex Trader?

    #edgeforex #forex #learning #market #stocks #bond #inflation #prices #trade #trader #dollar #cryptocurrency #bitcoin trader

    What takes to be a Forex Trader?

    Learning to trade forex is no different than learning to do anything else. Before you begin trading with your hard-earned money, you acquire as much information as possible. You risk losing everything if you don’t. 

    If you want to become a forex trader, here are six things you should know.

    1. Know the market.

    You must first study about the currency market. There are a number of phrases particular to forex trading that might be perplexing if you don’t understand what they imply. It is critical to understand currency pairings and how they are affected by everything.

    2. A Trading Plan

    Every skilled trader will urge you to develop and stick to a plan. Creating a trading strategy may appear absurd at first. It covers information such as your financial goals, risk tolerance, stop/loss point, and much more.

    3. Trading Platforms

    To get started, you’ll need a trading platform. It is in your best advantage to spend time investigating several platforms before settling on one. Some platforms provide more resources than others, and not every platform provides a free trial or sample account. Examine the numerous platforms available and compare the various features until you choose one that appeals to you the most.

    4. Practice 

    If you want to be a good trader who does not lose everything, you must first practise your trading plan. 

    For new traders, practise is essential. The FX market is one-of-a-kind and requires time to grasp. A demo account allows you to learn the ropes while putting your money at risk.

    5. Level-Headed

    Before you begin trading, check your emotions at the door. Losing your calm and trading logically rather than based on intelligent judgments can only lead you down a terrible path. 

    It’s easy to get caught up in the trap of attempting to reclaim everything. When this happens, it’s usually because your emotions have gotten the best of you. Although it might be difficult to cut your losses and call it a day, many rookie traders believe that if they can win one more huge transaction, everything will be fine. Unfortunately, that is not always the case.

    6. Be Ready to Learn

    An effective trader is one who is always learning new things. Because the markets are always changing, you’ll need to revise your trading strategy on a regular basis. Even if you have a plan that works for now, be prepared to change it in the future. 

    When done correctly, becoming a successful forex trader is feasible. Begin by keeping these pointers in mind.

  • Forex News for November 18, 2021

    In this article, we have covered the highlights of global market news about the New Zealand Dollar, Euro.

    New Zealand Dollar News

    The survey data from the Reserve Bank of New Zealand may be found here: 

    • New Zealand’s two-year inflation forecast is 2.96 percent (vs. prior 2.27 percent ) 
    • The New Zealand dollar rose on the release of the RBNZ’s inflation data. 

    Analysts’ responses are pouring in. 

    According to the ASB, the data guarantees a 0.25 percent increase at the next meeting on November 24. Adding that 50bps is still a possibility.

    All Over News

    Late this afternoon, there came news out of the United States of fresh efforts to synchronize the flow of oil from reserves in the United States, Japan, China, India, and South Korea. The US proposals came after OPEC’s efforts to deliver additional oil failed. The news on requests to Japan and China was released earlier this week, but India and South Korea were added. today Oil prices had decreased throughout the US Wednesday session, and another price drop had begun. 

    Oil fell further during the Asian session when it was revealed that China was working on releasing crude oil from its stockpiles. Brent and WTI are both down for the day.

    FX cross The USD lost some ground versus the main currencies, although only in small amounts. The USD/CAD exchange rate remained stable to slightly higher, owing to CAD concerns over the drop in oil prices. The NZD led the gains.

    According to the most recent International Atomic Energy Agency assessment, Iran’s stockpile of uranium enriched to 60% has surged by 77% to 17.7 kg. 

    With Europe and the United States wanting to cut back on spending, Japan finds itself in the opposite predicament, needing to release more fiscal stimulus to keep the economy afloat. 

    The new stimulus plan, slated to be presented tomorrow, is expected to include an additional $55.7 trillion in fiscal expenditure, on top of the about 88 trillion spent (almost 17 percent of GDP) since the onset of the COVID-19 epidemic last year.

    news

    Euro News

    • Eurostoxx +0.1% • DAX +0.1% 

    • France’s CAC 40 is unchanged; the UK’s FTSE is down 0.3 percent; and Spain’s IBEX is down 0.2 percent. 

    However, the mild fluctuations here aren’t doing much to destabilize the DAX and CAC 40’s recent march to new record highs.

    The general risk attitude remains somewhat more bullish, with US futures moving up, with S&P 500 futures up 0.2 percent, Nasdaq futures up 0.4 percent, and Dow futures up 0.1 percent. 

    EUR/USD is up 0.1 percent at 1.1335 as buyers defend the 1.1300 level on the daily chart, retaining some hope after bouncing from a low of 1.1265 in trade yesterday. 

    However, sellers remain in control in the short term, with the 100-hour moving average visible at 1.1376, implying that more work remains to be done to invalidate the bearish momentum. 

    But, for the time being, purchasers are attempting to create a base, so there’s that.

    Meanwhile, the USD/JPY is the second crucial pair to watch when evaluating dollar mood, and the price is now hovering around 113.95-10 levels.