Edge Forex

Tag: fx

  • 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.

  • 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.

  • 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.