NiaTradingSignals

It has become plainly clear after a long time forex trading that trading is more of a mental challenge than simple trading systems.I have endeavored to only look for forex trading systems that are easy for me to understand. I realized that I needed to keep my mind in shape and wasn’t going for a phd in forex trading but just wanted to make a living trading forex.
For those who wish to sharpen their minds these are some of the ideas I picked up

In yesterday’s top currency news, we discussed how major banks can see the yen carry trade coming back.
A Carry Trade is simply an investment strategy where one borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset.

This are the top long term fundamental news I am following today.It’s always interesting to see how fundamental traders can give two totally opposite views on market direction but woe unto the trader who doesn’t make an effort to at least follow some of these predictions especially if one is trading long term.

Going with the current goal of 50 pips per week our current trade was entered yesterday on USDCHF buy at 1.20054 and the take profit was at 1.21194 .

So far the current price is at 1.20819 for some 76 pips ahead and the stop loss is at 1.2034 for 30 pips set profit. We are looking for some 20 more pips to call the week quits but so far so good.
We shall be posting screen shots of the trade set up as well as the real trading account later …

The importance of the Gross National Product/ Gross Domestic Product ( GNP/GDP) can be seen by so many other indicators being created to try and predict the direction of the GNP/GDP.
GNP ie the Gross National Product ,is the total value of all final goods and services produced by a nation regardless of where the assets are located. That means the assets of a US company in Africa are counted in the final GNP. GDP on the other hand is the total value of goods and services produced within the boundaries …