2018

11/10/2018 10:33:00 am
By Chris Pottorff

Many a times through your trading career, you might have come across several literatures and trading manuals that would give you an insight into successful strategies, interesting ideas, emphasize the importance of stop-loss or give you endless advice on how to read the charts for the right understanding of your trade or simply a lowdown of the top 50 tips that can make you the most surprising currency trader. But then, why isn’t everyone George Soros? 

What is it that sets him apart?

Well, it is the mind, it is your trading psychology and how well you can discipline your mind, rein in your emotions and get a grip on pure number crunching. 

The psychological aspect becomes really important as the trader keeps darting in and out of positions and loss of objectivity can really cloud decision making. Emotions can almost never get into the way of successful trading. 

Many forex traders believe that if they could completely divorce themselves from their emotions, it could improve the success rate. The best approach is to understand yourself, reading your own mind better. Identify your strong points and weaknesses and decide on your unique trading approach even if that does not confirm with the norm.

Understanding Fear

Perhaps the biggest challenge for any forex trader is to accept their biggest fear, the fear of loss. What happens if your trade reverses, what happens when your trading screen is a sea of red? It is not unusual for a trader to be scared and sometimes during a situation they might act in haste or without thinking it through properly. 

They might even liquidate their entire holding or refrain from taking further risk. But by doing this, a trader is also shutting the door to the potential profit going forward.

Another important factor in tackling fear is considering and accounting for every possibility. So if, you already have it figured out about dealing with a possibility of complete wipe-out, in case the eventuality actually presents itself, you are not taken by either surprise or indecision and at times it could even work out better for you. 

You might even catch a window of opportunity as a result of calm and collected plan of action. Most importantly you can stave off your biggest enemy, and that is fear. Once you overcome fear, the rest will follow.

Dealing With Greed

Greed is the next big demon you need to tackle. The want to excel, exceed expectation and eke out hidden opportunities is a human tendency and you can’t really blame anyone for wanting to do so but can you really afford to. If you are a forex trader, my answer would be no.

Let me share a small anecdote I read about a guy who hit the jackpot in a casino in Las Vegas. You might think what more can he want, he has already amassed a big fortune in a matter of minutes; it is time to go home and enjoy. But, greed is an evil demon. This guy was tempted to try his luck again, who knows if he hits the jackpot again. But our man reined in his greed, took a cab, put the money in his hotel safe, put the keys under the bed and slept off.

Well, you might think what’s so special about this incident and the reason I use this reference. Well, this man practiced something that every forex trader needs to incorporate in their daily schedule. Greed is a basic human instinct and the want to wait for one last tick, who knows; it might be a game changer is a deadly temptation. A trader needs to identify this trait and develop his trading plans in a way that greed does not mar the profit prospects.

Rational business decisions without emotions and whims hold out the possibility if a much higher success rate and long-term sustainability compared to sudden impulsive trade. As the old saying on Wall Street goes, ‘pigs get slaughtered’ and this can go a long way in resulting in a complete collapse if not handled with care and foresight.

Battling Bias

There are some commonly noticed biases that forex traders are most susceptible to:

1. Overconfidence Bias: This comprises of a disproportionate conviction in one’s trading skill and a belief that you can never fail. This can result in traders risking too much in one trade or overlooking obvious warnings. A strict self-management program can be instrumental in instilling trading discipline.

2. Anchoring Bias: When a trader shuts his/her eyes to the prospect of change in future and believes that the current set of circumstances would continue till infinity, you should know that there is trouble in heaven. Traders tend to lose money as they prefer bucking trend based on their beliefs more than empirical evidence. Keeping a check on charts and tracking daily movements keenly is the best way to be in sync with reality.

3. Confirmation Bias: It is a situation when a trader forms a set of beliefs and only looks for evidence to confirm to these in isolation without taking into account the related information and events. This results in the formation of ill-conceived trade and significant losses. An open mind and exposure to diverse perspectives are the best bet to deal with this situation.

4. Loss Aversion Bias: When fear is the primary motivator for your trading strategies, you should be warned. These kinds of traders are more likely to hold on to losing positions compared to those who are ready to incur short-term losses for bigger gains. Keeping a strong line of stop loss with rigidly adhering to them is a way to keep this tendency at bay.

Good luck

"Whether you think you can, or you think you cannot, you are right." - Henry Ford

Source: Luck Scout
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8/01/2018 03:18:00 am
IC Markets has grown to become the largest MT4 and True ECN broker in the world by giving traders what they really want.

IC Markets is one of the world’s only True ECN forex brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity. IC Markets is revolutionizing on-line forex trading on-line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals.

IC Market have significant management team who are experienced in the Forex, CFD and Equity markets in Asia, Europe and North America. It is this experience that has enabled us to select the best possible technology solutions and hand pick the best liquidity available in the market.

When was IC Markets Founded?
IC Markets was incorporated in Sydney, Australia in 2007 by a team of professionals in the financial services industry who were instrumental in the success of one of Australia’s largest CFD and Forex providers.

Why was IC Markets Founded?
In 2007 IC Markets sought to bridge the gap between retail and institutional clients offering a trading solution previously only available to Investment banks and high net worth individuals. IC Markets True ECN account was born, providing superior execution technology, lower spreads and unrivalled liquidity.

IC Markets is dedicated to innovation, constant improvement and utilising cutting edge technology previously unavailable.

Mission Statement
IC Markets mission is to create the best and most transparent trading environment for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service.

Core Values
  • Integrity and Trust
  • Honesty and Fairness
  • Transparency
  • Commitments and Responsibility
  • Reliability
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Regulatory Compliance
IC Markets acknowledges the importance of compliance with all relevant laws, rules, regulations, policies and standards. IC Markets is committed to having strict management discipline and first-class controls in our compliance environment. As an ASIC regulated entity IC Markets is required to meet strict financial standards, including capital adequacy and audit requirements.

IC Markets holds client money in client segregated trust accounts with Australian banks in Westpac and National Australia Bank (NAB). All client money is managed in accordance with the Australian Client Money Handling rules and held separately to IC Markets company funds. Client money is not used for any operational expenses or purposes.

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IC Markets maintains appropriate controls and monitors the transfer of confidential and sensitive client information within and outside the Company on a need-to-know basis. IC Markets does not deliberately disclose client information unless this is upon request of the client, or as required to do so by law.

Below are the benefits of choosing IC Market;

Lower Spreads
Our mission is to provide traders with the lowest spreads possible during all market conditions. We have invested heavily in technology and establishing strong relationships with the largest and most reliable liquidity providers. We are constantly adding additional liquidity to our True ECN trading environment in order bring traders the best possible forex trading conditions.

Faster Execution
IC Markets utilises enterprise grade hardware on our trade servers in the NY4 & LD5 data centre in New York & London respectively. Our trader servers are collocated with our ECN engine and liquidity providers in these data centres. Dedicated fibre optic cross connects to our ECN and liquidity providers ensures the lowest latency and fastest possible trade execution for our clients.

Superior Technology
IC Markets has partnered with the world’s best trading technology companies to bring you the ultimate trading environment and cutting edge trading tools. These tools include: Depth of Market (DoM), inbuilt spread monitoring, ladder trading, automated close of trades with custom order templates, and more. Our iPhone and Android trading applications have been optimised to provide you the best possible mobile trading experience.

Better Fills
Clients can be filled on trade sizes from 1 micro lot (1,000 base currency) to 250 lots (25 million base currency) through our ECN. Our ECN sorts and ranks prices to allow real-time execution of large trades over multiple liquidity providers and their pricing tiers, and this ensures the best price for any trade size.

The Ultimate in Trading Conditions
Our True ECN trading environment has been created with traders in mind. We have no restriction on trading. Trades can even be placed within the spread. Scalping, hedging, and automated trading are all allowed. Our True ECN account spreads start at 0.0 pips. We have flexible leverage options offering up to 1:500, and accept deposits in 10 major currencies.

Unrivalled Customer Service
IC Markets strives to offer you the best possible customer service and support. Our team has a significant amount of experience within the forex industry so they understand what traders want and need. You can trade with confidence knowing that the IC Markets team will always be there to help 24 hours a day, 7 days a week.

Advanced Trading Tools
Our additions to MetaTrader 4 such as a one click trade module, market depth, spread monitor, trade risk calculator, and advanced order types previously not available on MetaTrader 4 make for a better trading experience.

Superior Trading Platforms
MetaTrader 4, MetaTrader 5, and cTrader are 3 of the best trading platforms available today. IC Markets has revolutionised forex trading by giving traders direct access to our True ECN trading environment using any of these 3 popular trading platforms.

Trust and Transparency
Trust and Transparency form the basis of IC Markets’ core values. IC Markets is a True ECN broker so there is no dealing desk or other form of trade intervention between the client and the market. All trades are straight through processed to our ECN and LPs. To put it simply, you are trading in the real interbank forex market.

Regulation
IC Markets is regulated by the Australian Securities and Investment Commission (ASIC) and meets strict capital requirements. All client funds are held in segregated client trust accounts with top Australian banks. IC Markets does not use these funds for any operational expenses or purposes.

So, what are you waiting for? Click the banner below and get yourself a chance to have an account in IC Market. See you there!
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8/01/2018 02:41:00 am
Investing.com – The dollar came under pressure Monday, shrugging off upbeat U.S. housing data as a stronger euro weighed on sentiment.

The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.42% to 94.07.

The housing sector, meanwhile, showed a little resilience as the National Association of Realtors’ pending home sales rose 0.9% to 106.9 in June, ending two consecutive months of declines.

"The trend in (pending home) sales is flat, and the mortgage applications numbers point to a modest decline over the next few months, as higher mortgage rates and tighter lending standards bite into demand," Pantheon said in a note to clients Monday.

"The June pending sales index suggests that July existing home sales will rise slightly, to about 5.45 million."

The better-than-expected housing data arrived as investors eagerly await a slew of updates on monetary policy from a trio of central banks this week, including the Federal Reserve on Wednesday.

The Federal Open Market Committee is expected to vote to leave interest rates unchanged on Wednesday, but market participants are expected to closely parse the accompanying statement for any tweaks in language on monetary policy.

"Wednesday's FOMC meeting is going to be a non-event as the Committee is not expected to raise rates or alter the balance sheet normalization schedule next week, though there's a risk of a change in language contained within the statement," BMO said last week.

Elsewhere, a stronger euro and pound held back performance as the latter pair rose on above-forecast UK mortgage data ahead of the widely expected Bank of England interest rate hike due later this week.

GBP/USD rose 0.24% to $1.3138, while EUR/USD rose 0.49% to $1.1715 as Eurozone consumer confidence met expectations.

USD/JPY fell 0.05% to Y110.97 as the Bank of Japan conducted its third operation in a week Monday overnight, buying $14.4 billion in the 5-to 10-year sector, sending yields on Japan 10-Year bond lower, weakening the yen.

USD/CAD fell 0.31% to C$1.3019.

Source: Investing
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8/01/2018 02:39:00 am
Investing.com - The U.S. dollar was lower on Monday, while the euro and sterling were higher as investors wait for a number of central bank meetings this week.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.43% to 94.06 as of 11:34 AM ET (15:34 GMT). Meanwhile, the pound inched higher, with GBP/USD rising 0.31% to 1.3146.

Investors are waiting for a flurry of central bank policy decisions this week that could determine direction of currencies. The Federal Reserve makes a policy decision Wednesday afternoon, but with no rate hike expected. Investors expect the Fed to raise rates in September, with the chance of an increase at 87.8%.

The U.S. economy accelerated as expected in the second quarter, underlining the case for the Federal Reserve to gradually increase interest rates.

Gross domestic product registered a seasonally-adjusted annual rate of 4.1% growth in the second quarter, its fastest rate of growth since the third quarter of 2014.

Other central banks are also meeting this week, with the Bank of Japan ending its two-day meeting on Tuesday. The Bank of England is expected to raise interest rates on Thursday, despite Brexit uncertainty.

The dollar was lower against the safe-haven yen, with USD/JPY decreasing 0.05% to 110.97. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.

The euro was higher after the dollar fell, despite the European Central Bank keeping rates unchanged last week and reiterating its plan to slowly end its accommodative monetary policy. EUR/USD rose 0.48% to 1.1713

The Australian dollar was higher, with AUD/USD rising 0.11% at 0.7408, while NZD/USD inched up 0.54% to 0.6830. The loonie was higher against the greenback, with USD/CAD down 0.38% to 1.3010.

Source: Investing
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8/01/2018 02:36:00 am
The Australian dollar had a slow start to the week, finishing mixed against the major crosses as traders eyed of bigger events ahead.

Here’s the scoreboard as at 7am in Sydney.

AUD/USD 0.7407 , 0.0007 , 0.09%
AUD/JPY 82.26 , 0.23 , 0.28%
AUD/CNH 5.0568 , 0.0162 , 0.32%
AUD/EUR 0.6327 , -0.0009 , -0.14%
AUD/GBP 0.5639 , -0.0003 , -0.05%
AUD/NZD 1.0851 , -0.0017 , -0.16%
AUD/CAD 0.9654 , -0.0017 , -0.18%

As the scoreboard suggests, the moves on Monday were contained and largely irreverent, largely reflecting tweaks to market positioning ahead of a swathe of major economic data and central bank releases.

The key theme of the session was modest strength in the euro, helped by firm inflation reports from Germany and Spain and continued dip-buying after the common currency slumped last week. The strength in the euro weighed on the greenback, helping the AUD/USD grind higher from lows struck earlier in the day.

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7/31/2018 03:36:00 am
A deal with the EU can be reached by October but the UK is preparing for the possibility of no deal, Brexit Secretary Dominic Raab has said.

He said he would return to Brussels for talks on Thursday and strain "every sinew" to get "the best deal".

But the government had plans in place in case talks did not end well, he told the BBC.

Labour leader Jeremy Corbyn said there must be a "serious stepping up of negotiations" to avoid no deal.

The UK is due to leave the European Union on 29 March 2019, but the two sides have yet to agree how trade will work between the UK and the EU afterwards.

Theresa May hopes the government's plan, detailed recently in the Brexit White Paper, will allow the two sides to reach a deal on relations by the autumn.

Downing Street said on Sunday that cabinet ministers would be promoting the plan across Europe over the summer.

Theresa May would "take the lead" by meeting the Austrian chancellor, Czech prime minister and Estonian prime minister next week.

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7/29/2018 10:09:00 am
The Australian economy has beaten expectations, with very strong 1 per cent growth in the first quarter driving a 3.1 per cent annual increase in GDP.

But economists have warned that may be "as good as it gets" with a range of one-off factors boosting the data and weak household income growth limiting consumer spending, which makes up about 60 per cent of the economy.

The Australian Bureau of Statistics data show commodities exports were the key driver of growth in the March quarter.

"Growth in exports accounted for half the growth in GDP and reflected strength in exports of mining commodities," the bureau's chief economist Bruce Hockman said.

The mining sector's output grew 2.9 per cent, thanks to increases in coal, iron ore and LNG production.

Mr Hockman said this fed through to the strongest increase in corporate profits over the past year, up 6 per cent in the March quarter.

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7/29/2018 10:06:00 am
The economies of the European Union grew at their fastest pace for a decade last year, according to revised figures from Eurostat.

Data from the EU statistics office shows the EU economy expanded by 2.5% in 2017, its strongest performance since 2007 and the start of the financial crisis.

The 19-nation strong Eurozone grew by 0.6% in the final quarter, mirroring growth in the bloc’s biggest economy, Germany.

The numbers offer a “sharp contrast” to the situation in the UK, says The Independent, where the economy grew by 1.8% last year and has been slowing over the past 12 months as inflation stemming from the fall in the value of sterling after the Brexit vote eroded household income.

A stronger global economy has helped the Eurozone to an impressive performance during 2017, but “economists have been particularly cheered by the broad-based nature of growth, which has seen expansions in peripheral countries as well as the core large economies”, reports City AM.

Speaking to the BBC, Investec economist Ryan Djajasaputra attributed the strength of the Eurozone to the European Central Bank's stimulus policies, which have brought down the cost of borrowing in recent years. Rising wages, low inflation and record-level employment have also boosted consumer spending, which has in turn boosted investor confidence, he said.

“After many false dawns, at last some sunlight has fallen on Europe's strongest economies,” said the BBC’s economics editor Kamal Ahmed.

However, Sarah Hewin, chief economist Europe at Standard Chartered, warned that “higher energy prices and a stronger euro may be headwinds to growth this year”.

With uncertainty building around next month's Italian election, Germany struggling to agree a coalition government and the impact of Brexit still to play out, there are fears the recent resurgence could mirror the mini-revival of 2010, which was “followed by years of economic calamity as the financial crisis morphed into a currency crisis and the economic collapse of Europe's smaller, indebted economies”, says Ahmed.

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7/29/2018 10:01:00 am
The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1%, official figures show.

The gains were driven by strong consumer spending and a surge in exports as firms rushed to beat new trade tariffs.

US President Donald Trump described the acceleration as "amazing", claiming it as proof his policies are working.

But many analysts cautioned that growth could cool in coming months.

"In one line: Looks great; won't last," wrote Ian Shepherdson, chief economist at Pantheon Macroeconomics.

What boosted growth?

Friday's report from the Commerce Department showed consumer spending rose by 4% in the second quarter, up from the 0.5% rate seen in the previous three months.

Exports also grew by more than 9%, the fastest rate since the fourth quarter of 2013.

Economists say that figure, which contributed more than 1% to the GDP gains, was inflated in part by farmers seeking to get ahead of new trade tariffs on items such as soybeans.

In July, the US and China imposed tariffs on $34bn of the other country's goods. Canada, Mexico and the European Union also imposed new duties in recent weeks on some US exports in retaliation for US tariffs on steel and aluminium.

Is this "amazing"?

The US economy expanded at an average annual growth rate of 2.2% between 2012 and 2017.

That pace has picked up more recently after a long stretch of job gains that has driven unemployment to near record lows.

President Trump said the White House had to "do a lot of things" to get the economy going again.

He pointed to new tax cuts, de-regulation, increased government spending and the continuing trade negotiations.

"We've accomplished an economic turnaround of historic proportions," he said.

While Friday's report showed the US economy accelerating, the gains were in line with analyst forecasts - and were not out of proportion with some quarters in previous years.

In 2014, for example, the economy rose at an annual rate of 5.1% in the second quarter and by 4.9% in the third quarter.

Compared with the second quarter of 2017, the economy grew by 2.8% in the April-June period.

What's the outlook?

President Trump has said he wants to see GDP growth rise to 3% or more for 2018.

"This isn't a one time shot," he said on Friday. "I happen to think we're going to do extraordinarily well in our next report."

The US hasn't seen full-year GDP growth of more than 3% since 2005, but economists say the rate is within reach this year, due in part to increased government spending, and a $1.5 trillion tax cut that has given businesses and households more money to spend.

PNC Bank is forecasting growth of 3.1% in 2018 - assuming that trade tensions dissipate.

"If the US and its partners do implement substantial tariffs and other trade barriers, US economic growth is likely to be much weaker than this baseline forecast," chief economist Gus Faucher wrote.

After next year, many economists expect growth rates to subside again, as the boost from tax cuts and federal spending dissipates.

What else is notable?

Friday's report revised the estimate for GDP growth in the first quarter to 2.2%, up from 2%.

It also showed that inflation, which has been lacklustre in recent years, rose by 2% according to the Fed's preferred measure, which is tied to consumer spending, except on food and energy.

That is the second quarter in a row the measure, known as core PCE, has hit or exceeded the Fed's 2% target, and is likely to keep the central bank on track with its plans to raise interest rates gradually.

There were some signs of softness, however.

Investment in housing, for example, declined by 1.1%, following a 3.4% fall in the first quarter.

That weakness is a potential red flag, said Lindsey Piegza, chief economist at Stifel.

"Overall, there are clearly a number of factors suggesting the economy is firmly on a solid - albeit far from robust - footing, at least for now," she said.

However, she said the trends in the housing market, as well as the one-off boost in exports in the most recent quarter, call "into question the sustainability of above-trend topline growth looking out to the second half of the year."

Source: BBC
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7/29/2018 09:53:00 am
The economy shrank by 0.2 percent in the first three months of 2018, snapping a run of two years of positive growth, according to data released by the Cabinet Office on Wednesday.

Business investment contracted by 0.1 percent on a quarter-to-quarter basis, and household spending — the largest driver of economic growth — remained flat, demonstrating the weak overall appetite for consumers to open up their wallets in a still-uncertain economy. When annualized, GDP was 0.6 percent lower than the previous quarter.

However, the latest preliminary numbers, often prone to statistical revision, may actually belie a relatively healthy economy on pace for modest growth in 2018, economists said.

“I don’t expect that the results foreshadow a larger downturn in the economy,” said Takuji Okubo, the chief economist at Japan Macro Advisors.”The fundamentals of the economy look robust. We have wage growth of 1.3 percent year-on-year and inflation appears to be edging up.”

The biggest surprise from the release was the slight contraction of business investment, also known as private nonresidential investment, a year after it grew by an inflation-adjusted 3 percent.

“We don’t know whether the drop in business investment is a temporary event or a broader trend,” said a Cabinet Office official.

“But we do know that measures of business investment are initially not the most accurate,” the official added, in reference to the preliminary nature of Wednesday’s numbers. A second, more accurate set of economic data for the first quarter of 2018 is due out in early June.

Okubo appeared confident that business investment is stronger than initial readings indicate. “Japan’s corporations have record-level profits, and I would not be surprised if the revised numbers will eventually show that business investment was instead positive in the first quarter,” he said.

As each component of the preliminary GDP numbers are difficult to measure, particularly business investment, there are often revisions to overall economic growth.

Last week, forecasters from Mizuho Research — a think tank affiliated with the global banking giant — predicted in a research memo that first quarter GDP numbers would show 0.2 percent growth, indicating the picture could become rosier when final figures are released.

Marcel Thieliant, a senior Japan economist with Capital Economics, also expected growth to remain on track, but felt that the downside risks may be larger going forward.

“I think the weakness in the last two quarters of growth indicates that there may be growing risk in the economy,” said Thieliant. “But we still expect growth to remain on track in 2018.”

Global economic growth of 3.9 percent is expected in 2018, according to the International Monetary Fund’s annual spring forecast, although it warned that trade risks could threaten the health of the global economy.

In a sign of positive news for the Bank of Japan, an institution five years into its fight against falling prices, the GDP deflator — which measures the impact of inflation on the GDP during a given year — increased to 0.9 percent year-over-year.

Source: Japan Times
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7/29/2018 09:49:00 am
Bill Lipschutz started trading while attending Cornell University in the late 1970s. During that time, he turned $12,000 into $250,000; however, he lost the entire stake after one poor trading decision, a hard lesson on risk management that he carried throughout his career. In 1982, he began working for Solomon Brothers while he pursued his MBA degree.

Lipschutz migrated into Solomon’s newly-formed foreign exchange division at the same time forex markets were exploding in popularity. He was an immediate success, earning $300 million per year for the company by 1985. He became the principal trader for the firm’s massive forex account in 1984, holding that position until his departure in 1990. He has held the position of director of portfolio management at Hathersage Capital Management since 1995.

Source: Investopedia
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7/29/2018 09:44:00 am
Andrew Krieger joined Banker’s Trust in 1986 after leaving a position at Solomon Brothers. He acquired an immediate reputation as a successful trader, and the company rewarded him by increasing his capital limit to $700 million, significantly more than the standard $50 million limit. This bankroll put him in a perfect position to profit from the Oct. 19, 1987 crash known now as Black Monday.


Krieger focused on the New Zealand dollar (NZD), which he believed was vulnerable to short selling as part of a worldwide panic in financial assets. He applied the extraordinary leverage of 400:1 to his already high trading limit, acquiring a short position bigger than the New Zealand money supply. As a result of this trade, he netted $300 million in profits for his employer. The following year, he left the company with $3 million in his pocket from the trade.


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7/29/2018 09:39:00 am
Stanley Druckenmiller grew up in a middle-class suburban Philadelphia family and began his financial career in 1977 as a management trainee at a Pittsburgh bank. He quickly rose to success and formed his company, Duquesne Capital Management, four years later. Druckenmiller then successfully managed money for George Soros for several years in his role as the lead portfolio manager for the Quantum Fund between 1988 and 2000.

Druckenmiller also worked with Soros on the notorious Bank of England trade, which launched his rise to stardom. His fame intensified when he was featured in the best-selling book, The New Market Wizards, published in 1994. After surviving the 2008 economic collapse, he closed his hedge fund, admitting he was worn down by the constant need to maintain his successful track record.


Source: Investopedia
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7/29/2018 09:34:00 am
George Soros was born in 1930 and began his financial career at Singer and Friedlander in London in 1954 after escaping Nazi-occupied Hungary during World War II. He worked at a series of financial firms until he established Soros Fund Management in 1970. The firm has gone on to generate more than $40 billion in profits in the last five decades.  

He rose to international fame in 1992 as the trader who broke the Bank of England, netting a profit of $1 billion after short selling $10 billion in British pound sterling (GBP). On Sept. 16, 1992 the U.K. withdrew the currency from the European Exchange Rate Mechanism after failing to maintain the required trading band due to Soros' trade, solidifying a day known as Black Wednesday in history. This incredible trade is a highlight of his career and cemented his title of one of the top traders of all time. Soros is currently one of the thirty wealthiest individuals in the world.

Source: Investopedia
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7/29/2018 04:09:00 am
GBP adalah matawang yang sangat mesra dalam perdagangan. Dalam erti kata lain, Business Friendly. Jikalau terdapat sebarang berita tentang perkembangan ekonomi yang positif, ia akan melonjakkan nilai GBP. Maksudnya, kuasa BUY akan meningkat tinggi dalam Forex.

GBP juga adalah berkadar langsung dengan harga tenaga (energy). Kebanyakan negara-negara EU mengimport minyak daripada UK. Jika harga minyak meningkat, negara-negara EU terpaksa membeli lebih banyak matawang GBP dan digunakan untuk membeli minyak tersebut.

Peningkatan harga minyak akan menguntungkan dan menambahkan pendapatan UK dalam sektor tenaga. Kekuatan atau kelemahan matawang GBP dapat dilihat dengan jelas pada EURUSD. Pergerakan pada EURGBP mempengaruhi pergerakan GBPUSD.
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7/29/2018 03:54:00 am
Photo taken from The Guardian
The Bank of England raised the chances of an August rate rise after its chief economist joined two other members of its rate-setting monetary policy committee voting for an immediate hike in borrowing costs.

For the first time since joining the MPC four years ago, Andy Haldane broke ranks with the majority on the nine member rate-setting panel to join Ian McCafferty and Michael Saunders in calling for an increase in interest rates. The move is likely to heighten speculation that Threadneedle Street could be gearing up for a rise in two months’ time.

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7/29/2018 03:50:00 am
Photo taken from Business Reporter
The UK economy grew at a faster rate than initially thought in the first three months of 2018, raising hopes for a pick-up in growth after the sluggish start to the year.

The Office for National Statistics unexpectedly revised higher its third and final estimate for UK growth in the first quarter to 0.2%, after two earlier estimates of 0.1%.

Government statisticians said fresh figures from the construction industry and improvements for measuring the sector had nudged up the growth rate. 

The pound rallied against the dollar on foreign exchanges on Friday, as City traders bet that the revision increased the likelihood that the Bank of England would raise interest rates from as early as August.

Threadneedle Street has consistently argued in recent months that the UK economy is stronger than official figures might suggest, which could support a rate rise to 0.75% from 0.5%. 

Despite the better news for the economy, as Theresa May met her European counterparts on Friday in Brussels to discuss Britain’s exit from the EU, the ONS said household consumption remained subdued and business investment fell in the first quarter. Economists said this confirmed the UK economy remained weak in the first three months of the year.

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7/27/2018 06:54:00 pm


IC Markets is the largest FX broker in the world by FX volume (excluding Japan) - Finance Magnates Q1 & Q2 2017 Intelligence Report.

IC Markets mission is to create the best and most transparent trading environment for retail and institutional clients alike allowing traders to focus more on their trading. Built by traders for traders IC Markets is dedicated to offering superior spreads, execution and service.

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5/23/2018 02:16:00 pm
Perkongsian saya pada hari ini adalah berkaitan dengan teknik pasti menang apabila bermain forex.

Sikap dan Kawalan Diri
Teknik ini memerlukan anda untuk berdisiplin dan tidak tamak. Apa yang anda perlu miliki ialah satu kebolehan untuk mengawal nafsu ketika bermain.

Ketika bermain forex, kita tidak boleh sesekali melawan arus pergerakan matawang itu.

Rangka Masa (Time Frame)
Kita perlu melihat terlebih dahulu rentak pergerakan daripada waktu masa 15 minit, 1 jam, 4 jam, 1 hari, 1 minggu dan  1 bulan agar kita boleh memahami pergerakan itu dengan lebih jelas.

Bentuk dan Pergerakan Candlestick
Selain itu, kita juga perlu mempunyai pengetahuan untuk membaca pergerakan candlestick kerana setiap bentuk candlestick memberikan informasi yang berbeza. Rentak bentuk candlestick itu wajib difahami agar kita mampu memasang lot dengan lebih baik serta dapat meminimumkan risiko kerugian.

Lot Taruhan
Perkara yang perlu dipertimbangkan juga adalah jumlah ataupun bilangan lot yang dipasang perlu dan mesti bersesuaian dengan kekuatan total model kita.

Jikalau kita mempunyai model yang kecil tetapi memasang lot dengan jumlah yang besar, ia adalah satu tindakan yang kurang bijak dan risiko kerugian itu akan sangat tinggi jikalau rentak candlestick itu berubah arah.

Isu-isu Ekonomi Dunia
Anda juga perlu memastikan diri anda peka terhadap isu-isu ekonomi dunia kerana perubahan arah pergerakan candlestick adalah berkait langsung dengan dengan isu-isu semasa ekonomi dunia khususnya di negara Jepun, Eropah, UK dan Amerika.

Informasi ini akan dikemaskini dari masa ke semasa.
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