Before the commencement of Forex training it is very important that all traders are aware of the type of focus that is required to be successful. Some people think that they will literally become high earners by trading Forex in a few days. This is simply not the case. Forex training can be very difficult and it can take a long time to master simply because there are too many variables to consider. However, this is the reason why we have included high quality and easy to follow Forex video tutorials for you to learn from. By watching and re-watching the video tutorials traders will learn which variables to consider, depending on their trading style.
You may have heard this a lot but the reason it – it is true. Without discipline there is not much chance for anyone to succeed. There are going to be days when trades simply do not go our way because we forgot to consider a variable or we entered slightly on the blind. It is the desire to learn from these mistakes, be patient and not give up that will nurture your discipline into a characteristic that will help you to become a great trader. The day you give up is the day you lost your discipline.
The mistake that most traders make is not defining Forex training or the art of trading as a job. This is exactly what it is – a job; and this is why practice and re-practice are so important. This applies to any job. Forex training will help you to study the market and understand its movements so that it can be used to your advantage. There is a syllabus to follow and it is the mastering of its contents that holds the key to becoming a professional trader.
The US Dollar is flat on the week but a couple of big drivers are ahead on the economic calendar. FOMC Minutes are on the docket for 2 PM ET.
There is in excess of USD 16 trillion of negative yielding government debt (bonds) trading in the market at the moment. Every day investors hold these bonds, they lose money.
The US Dollar may rise vs the Euro if the FOMC meeting minutes cool rising rate cut bets amid growing downside risks to the global economy.