The good news is that headline figure inflation is starting to moderate, while the not-so-good news is that sticky core inflation remains a thorn in the Federal Reserve’s side. In this week, the interest rate pause was also echoed by the Bank of Canada, which kept rates at 4.5%. All in all, it was an … Read more
Backtesting is an essential procedure that Forex traders utilize to determine how well a strategy might have performed when it went through different variables in history. To test methods for their profitability, drawdown, and sustainability, traders emulate trades on historical data. This tutorial will illustrate, using five simple steps, how to create a Forex backtest … Read more
This week, markets are in for a high level of uncertainty with sticky inflation concerns and an active earnings season. For the week of April 24-28, major economic data releases and significant company earnings will most likely move the markets. Here’s what traders should look at each trading day. Monday: Quiet Start with Potential for … Read more
The journey in the forex could be pretty cumbersome for one who invests time. A trader usually makes millions of decisions in a single day, each probably with sizeable outcomes. Given the high stake of trading, how should you work to enhance the effectiveness of your decision-making and the outcome of performance? It is at … Read more
The U.S. GDP last week came in shy of expectations, and the PCE inflation number was flat at 0.3%. Developments like these have traders second-guessing what the Federal Reserve may do with interest rates next. The first signs of economic slowdown have started to appear: Are we going to see a soft landing, or no … Read more
Uncertainty continues to dog the global economy, which is experiencing inflation pressures, central banks’ decisions on rates, and market volatility, all forming conditions of trade. There is nothing more important in the economic world than the U.S. Consumer Price Index report. Rate decisions from the European Central Bank and the Federal Reserve will dominate the … Read more
Financial markets are never easy to predict. With the global economies responding to inflation trends, the latest policies by central banks, and mixed sector performances, traders are increasingly finding it hard to predict which way the market will turn. For instance, NASDAQ 100 rose for the third consecutive week, while Dow Jones and S&P 500 … Read more
Artificial intelligence changed the majority of sectors of industries and transformed the trading sphere also. One of the most impressive innovations goes by the name of ChatGPT, which, interestingly, is an AI-based natural language processing tool developed by the OpenAI firm. Reaching over 100 million user base worldwide for diverse applications such as essaying, writing … Read more
With thousands of indicators available to trade today, it’s easy to get overwhelmed. Sort-through difficulties arise in choosing which ones to utilize when an effective one can be found and is easy to apply. Of course, in this sea of options, the simple moving average really catches the eye of the user, because a lot … Read more
For every trader, entering the marketplace has only one ultimate goal: profit-making. The thing is, most traders fail to achieve their goal because they have no strategy to generate consistent earnings. A trader without an edge is not a skill but rather a gamble. The key to profitable trading lies in understanding and applying the … Read more
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