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Understanding the 24 Hour Market

For those who are or want to start trading the Forex market, some of you may be attracted to it because it is a 24 hour market. Unlike the equities market, the Forex market does not close (except on weekends) and trading is available from Sunday 10:00 pm GMT to Friday 10:00 pm GMT.

Is it really true that the Forex market is a 24 hour market?

True, trading is available 24 hours a day and the Forex market does not close. However, price movements are not equal throughout the whole period. The currency pairs can be active on a certain timing and at other periods, it may be dormant with little movements.

Trading a certain currency pair during its dormant period may result in the price movement not following through of what you have analysed, turning against you and get your trade stopped out only to resume its movement when trading volume picks up.

So, to prevent that scenario from happening, it is important to ask two questions to decide which currency pairs to trade.

Who is Trading?

By trading…

Advantages of Using a Fast Execution Forex Broker

There are numerous advantages for a trader able to execute fast trades... At least, that it what we are told by so many brokers. Why do Forex Brokers advertise their fast execution speeds so rigorously? And are there actually advantages to fast trade executions? This article hopes to provide some insight into what benefits a fast execution broker can provide, when a trader might need such execution and when fast execution is actually a factor to consider when selecting a Forex broker.

The main advantage that fast execution provides is decreasing the risk of slippage. The time it takes for the order to be opened by a trader is known as latency. Within this time volatile price movements might occur due to market conditions. As such, a trade meant to be opened or closed at a certain price level, is unlikely to be processed at that price since some time has passed between the initial ordering of the trade and it finally being processed. Usually latency speeds are within seconds, some broke…

Will the US Dollar Collapse in Value in 2018?

The financial crisis of 2008 has been described as the worst financial crisis the world has seen since the great depression, but there are now murmurings of the potential for an even greater financial crisis, a currency crisis, caused by the demise of the US Dollar. The Dollar has been the reserve currency of the world since it took over from the Pound at the end of world war two, but we examine if it is about to crash spectacularly?

At the end of World War Two, the Bretton Woods system was established for world currencies. This system involved countries fixing their currencies to the US Dollar, which in turn was tied to the value of gold at a fixed exchange rate of $35 per ounce. As this was a fixed exchange rate system it effectively forced countries to pursue a certain monetary policy, in order to keep their currency pegged to the Dollar and in turn the value of gold.

However, during the post war era, and particularly in the 1960s the US was spending vast sums of money on warfare (Co…

Top 5 Qualities of a Truly Rich Man

The more money you have, the richer you will get. The more expensive things you own, the wealthier you are. If these statements are true, why is it that there are still people who have millions or billions of money and yet they end up poor? Why is it that despite the luxurious possessions, they are still experiencing financial difficulties? Most people can easily recognize what a rich man looks like-- he or she wears fancy clothes and accessories, drives a luxury car, have the latest gadgets and gizmos. But believe it or not, most of them are not truly rich.

Here are 5 characteristics a truly wealthy man has:

1) Financial stability. This includes having a stable job or business that gives cash flow for your everyday needs. A real rich man must not rely on the wealth he or she inherited from his or her parents.

2) Financial security. It is not enough that you have a stable job. You need to have a ready source of money if need arises. To become a truly rich man, you need to have savings.…

Top 8 Reasons Why You Should Have Financial Freedom

Many of us dream of becoming rich to live the life that we always wanted. However, being rich doesn't mean that you are always financially free. Once you become rich, you always think that your lifestyle should change and usually it becomes expensive.

There are people who had millions of money, but lost it all in just a short span of time. Just look at some of the lotto winners who won millions of pesos and have spent it all in a snap. Since they have a lot of money on hand, they bought big mansions, luxury cars and go to parties almost every night.

They spent every cent of their prize buying everything life has to offer them. Later on as time passes by, their money is getting smaller and no longer enough to sustain their chosen lifestyle. So to avoid the agony of going back to the rags once again, they resort to debts and all sort of loans out there. This is not what financial freedom is all about.

Here are 8 reasons why you need to become financially free than just aim being rich…

4 Reasons Why You Should Start Saving

Do you remember the old saying "save for the rainy day"? Can you recall the fable of the ant and the grasshopper we learned when we were young which taught us to save money? Of course, we remember those lessons yet we don't practice them. It is true that saving money is the greatest secret to building wealth. In order for you to meet financial security and financial freedom, you need to have a good amount of savings. You are lucky if you are part of the rich clans and have huge inheritance from your parents' wealth. But what if your parents decided to give it all to charities? Then you're left with nothing. Whether you wanted to become rich or not, you still need to save money.
Here are 4 important reasons why you still need to save money no matter what: 1) Survive financial crises. This is in a form of accident, illness, job loss, failure of a business, or sudden death either you or one of your family members. Whether this is an act of God or act of nature, ther…