The Forex Market 

The Forex Market 
By No Comments

How Big is the Forex Market? According to the Bank for International Settlements triennial report of 2016, the foreign exchange market cap averaged $5.1 trillion per day. With this size and depth, it makes it an ideal trading market. The liquidity of Forex makes it easy for traders to sell and buy currencies without delay. Liquidity […]

Australians Takes Advantage of Lower Lending Rates

Australians Takes Advantage of Lower Lending Rates
By No Comments

The low interest rate environment has been taken advantage of by the mortgage holders in Australia and are choosing to use this opportunity to refinance their existing mortgages The Australian Banking Association figures shows 500,000 home loans, or 8 percent of all mortgages, have been refinanced in the past year New housing finance in September […]

Aussie Dollar Heading for Fresh Lows Amidst New Cases of COVID-19 

Aussie Dollar Heading for Fresh Lows Amidst New Cases of COVID-19 
By No Comments

On Friday morning, the Australian dollar is heading to a weekly loss due to the resurgence of COVID-19 cases in Europe and North America darkened the outlook for global growth and commodity prices.  Lockdowns across Europe led the European Central Bank on Thursday to signal further stimulus, likely in December through more bond purchases and […]

How to Take Advantage of Changing Forex Market Themes 

How to Take Advantage of Changing Forex Market Themes 
By No Comments

In everything we do, we should always be ready to embrace any changes that comes into our lives. Successful businesses, for example, create new products and services depending on the demands of the customers. Without it, the business will fail and competitors will see this as a weakness.  Changing isn’t easy. As a forex trader, […]

Reserve Bank of Australia Thinks Recession May Be Over 

Reserve Bank of Australia Thinks Recession May Be Over 
By No Comments

The best guess of Reserve Bank of Australia is that the economy’s growth in September will end Australia’s recession.   At senate estimates on Tuesday, RBA deputy governor Guy Debelle said Victoria’s 12-week lockdown would not hinder the nation’s recovery from its first economic recession in over three decades.  “Our best guess is it looks like the September […]

Three Things You Should Keep Track on In Your Trading Journal 

Three Things You Should Keep Track on In Your Trading Journal 
By No Comments

Most successful trader has a trading journal. Keeping track of your trades is one of the most important things that most new traders fail to realize and how this can benefit in improving their trading set ups.   Keeping track of your trading performance is more than just looking at the profit/loss.  By having a trading […]

Australia Delays Decision on Lockdown Restrictions 

Australia Delays Decision on Lockdown Restrictions 
By No Comments

On Sunday, an expected announcement of the easing of lockdown restrictions due to an outbreak in Melbourne was delayed, prompting warnings that residents were at a “financial and mental breaking point.”  Most retail businesses have been limited due to the restrictions and an announcement was expected by 5 million people living under stay-at-home orders on […]

Australia Hits Coming Disaster Due to Evaporating of Jobs 

Australia Hits Coming Disaster Due to Evaporating of Jobs 
By No Comments

Australian jobs are slowly evaporating out of nowhere. Between September 26 and October 03, the number of payroll jobs went down by 0.7 percent. This is significant because this is the first week where the official statistics would be able to capture the effect of the new JobKeeper system.  Aside from JobKeeper going low, it is also hard for businesses to qualify […]

Signs that You Risking Too Much 

Signs that You Risking Too Much 
By No Comments

Risk management is a major element a trader needs to master. In forex, risk management, mindset and trading edge work like a puzzle. Remember that you must plan your forex trading for the next 5-10 years if you are serious about your trading and your goal. Here are signs you may be risking too much on your […]

Due to Lockdowns, Victoria’s Retail Sales Fall 

Due to Lockdowns, Victoria’s Retail Sales Fall 
By No Comments

Retail trading has slid backwards for the second month in a row as Victoria’s stage 4 restrictions continue to weigh down the nation’s consumption figures.  Monthly data from the Australian Bureau of Statistics has revealed the country’s retail turnover for September fell 1.5 per cent compared with the August figure, largely driven by falls in […]