March 2019
Apakah Kelebihan dan Kekurangan Menjadi Seorang Forex Trader?
Satu persoalan yang memberikan gambaran menyeluruh kepada golongan individu yang baru sahaja menceburi bidang Forex ini.
Keadaan ekonomi di Sabah khususnya sangat tenat. Kelembapan ekonomi, kos barangan harian makanan tinggi yang boleh disamakan dengan harga jualan diluar negara namun gaji yang kecil menghadkan kuasa beli yang secara tidak langsung meningkatkan kadar inflasi.
Namun begitu, keadaan ini akan berubah 100% apabila seseorang individu itu bertekad untuk menjadikan Forex sebagai lubuk pendapatan hidup. Ini kerana melalui Forex, duit akan datang tanpa henti dan tiada had limit. Walau bagaimanapun, keadaan disebaliknya juga boleh berlaku jikalau seseorang individu itu tidak mengikut atau tidak mematuhi cara melakukannya dengan betul.
Apa yang menjadi persoalan ialah sejauh manakah ilmu dan pengalaman individu didalam Forex itu akan dapat dilihat dan difahami hasilnya melalui pendapatan dalam sehari, seminggu, sebulan, setahun atau bertahun-tahun.
Mereka yang menceburi didalam bidang Forex ini sememangnya inginkan pendapatan yang besar namun demikian, keinginan itu haruslah selari dengan pengorbanan yang dilakukan melalui kesungguhan untuk menguasai dan mendalami ilmu, teknik-teknik atau kemahiran berniaga didalam Forex secara berpanjangan. Ini kerana anda akan sentiasa mempelajari benda-benda baru didalam Forex atau lebih tepat lagi adalah tentang kebolehan untuk melihat personaliti diri-sendiri dengan lebih jelas.
Disini ingin saya nyatakan secara ringkas tentang Kebaikan dan Kekurangan menjadi seorang Forex Trader.
Kelebihan
- Anda akan menjadi peka terhadap keadaan ekonomi dunia yang mempunyai kaitan dengan matawang pilihan anda.
- Anda akan sentiasa rajin mengikut perkembangan berita politik dan ekonomi kerana kedua-dua faktor ini saling berhubungkait dengan pergerakan kerancakan matawang pilihan anda.
- Menjadi lebih bertanggungjawab didalam pengurusan kewangan.
- Menjadi seorang yang lebih berdisiplin dan bermotivasi.
- Topik perbualan lebih menjurus kepada keadaan ekonomi dan politik.
- Bebas daripada beban rantai hutang yang selama ini mengikat kebebasan diri.
- Lebih berani bersuara kerana tidak khuatir tentang punca pendapatan.
- Dapat memakbulkan impian yang selama ini hanya hadir didalam mimpi.
- Memiliki kekayaan yang selari dengan usaha.
- Standard ataupun taraf hidup berubah.
- Dan anda boleh bantu untuk senaraikan kelebihannya apabila anda mengalami dan mendapat manfaat kelebihannya.
Kekurangan
- Anda akan sentiasa tertekan (stress) kerana tidak mendapat keuntungan didalam Forex atas sebab sentiasa "Margin Call (MC)".
- Duit pendapatan bulanan bekerja habis kerana Forex setiap bulan.
- Hilang motivasi.
- Sentiasa berharap dengan "Tuah ataupun Nasib" didalam Forex.
- Menjadi seorang "Penjudi" yang berharap dapat pendapatan besar dalam sekelip mata setiap hari.
- Sentiasa menyalahkan market kerana tidak ikut tafsiran untuk melindungi kesilapan diri.
- Semua keinginan didalam mimpi kekal menjadi mimpi.
- Dan anda boleh bantu untuk senaraikan kekurangannya berdasarkan kepada pengalaman diri.
Ini adalah diantara Kelebihan dan Kekurangan yang wujud didalam Forex. Semua ini sebenarnya bergantung kepada individu itu sendiri. Sejauh mana anda serius didalam Forex akan memperlihatkan Kelebihan dan Kekurangannya itu.
Forex tidak susah tetapi ia tidak juga begitu senang.
Hasil Forex itu semuanya bergantung kepada diri kita sendiri dan itu adalah fakta dan nyata.
Artikel ini akan sentiasa dikemaskini untuk memasukkan isi kandungan yang terbaru agar artikel ini mampu memberikan kefahaman yang terbaik untuk orang.
UK 'top of the queue' for post-Brexit trade deal, says Trump adviser John Bolton
Donald Trump's national security adviser has told Sky News the UK will be "at the top of the queue" for a trade deal after Brexit, in a sign that the Trump administration is growing impatient with delays to Britain leaving the EU.
John Bolton said that the British people should not fear a no-deal scenario.
"People who worry about the United Kingdom crashing out of the European Union - they are going to crash right into the United States," said Mr. Bolton.
"We are standing here waiting to make a trade deal with a UK independent of the EU."
He stressed President Trump's commitment to Brexit, that he is "eager for the will of the British people to be carried out, and he is even more eager to do a trade deal".
Brexit vote: Theresa May's deal rejected by MPs again despite winning support from Tory rebels
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| Credits to Independent |
Theresa May’s Brexit plans have been defeated for a third time in parliament despite a large number of Tory rebels finally backing it.
The Commons voted against the deal by 344 votes to 286 - a majority of 58.
That marked a major reduction in MPs opposition to the plan but the defeat will still come as another significant blow for the prime minister.
Ms May had asked MPs to vote only on the Withdrawal Agreement part of her deal, rather than putting both that and the Political Declaration on the future UK-EU relationship in front of the Commons, as she had in the previous two votes.
Commons to vote on Theresa May's Brexit withdrawal agreement for third time, speaker confirms
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| Credits to Leader's Office |
MPs are to vote on Theresa May's withdrawal agreement for the third time it has been confirmed.
Speaker of the Commons John Bercow confirmed the motion tabled by the Government was new and changed from the previous meaningful vote.
The motion deals solely with the withdrawal agreement and not the political declaration. Labour has said it will not support the motion. MPs vented their anger and frustration with come questioning the legality of the Government's action. Labour has said it is impossible to separate the withdrawal agreement, which deals with the terms of the departure, and the political declaration which concerns the future relationship.
Commons leader Andrea Leadsom told MPs "every effort" must be taken to ensure the UK leaves the EU with a deal on May 22. Should MPs fail to reach an agreement the UK would leave the EU on April 12 without a deal.
She said: "Tomorrow's motion gives Parliament the opportunity to secure that extension.
"I think we can all agree that we don't want to be in the situation of asking for another extension and facing the potential requirement of participating in European Parliament elections.
The motion is not a full so-called "meaningful vote". If the withdrawal agreement is passed on Friday, the Commons would have to have another vote on the political declaration at a later date.
If the vote was defeated the UK could crash out of the EU without a deal, Mrs. Leadsom suggested.
"In agreeing tomorrow's motion we will trigger the automatic extension of Article 50 to May 22," she said.
"If we don't agree the Withdrawal Agreement tomorrow then we will not, so that leaves in doubt the future for the arrangements with the European Council."
Downing Street has said that Mrs. May will not move to a third meaningful vote - known in Westminster as MV3 - unless she believes she has a realistic chance of success, having seen it defeated by 230 votes in January and 149 in March.
But it is understood that Number 10 believes that passing the Withdrawal Agreement alone would allow the UK to guarantee its departure date and avoid the need for Britain to take part in European Parliament elections on May 23-26.
This would buy time to seek wider agreement among MPs on the shape of the UK's future relationship with the EU, in the hope of passing MV3 in April and leaving with a deal on May 22.
Significant doubts remain over whether Mrs. May can secure a majority for the Withdrawal Agreement alone on Friday.
Commons Speaker John Bercow, who had said the Government could not table the same motion twice, said the latest motion the Government has tabled "complies with the test" because it is "new and substantially different".
He indicated amendments tabled which could change the motion in a way that made it more like what had been voted on before in the house would be rejected.
Attorney General Geoffrey Cox said the Government could not allow the 11pm deadline on Friday to pass without allowing MPs to have their say on the withdrawal agreement. The EU's terms agreed at last week's summit meant the deal had to be passed in the Commons by the end of this week.
He said: "When the House listens to the rationale behind it, when it hears the full context of it, I'm sure the House will accept it is not only perfectly lawful, perfectly sensible and is designed to give this House an opportunity of availing itself of a right the European Union has given to us to avail ourselves of an extension until May 22.
"The view of the Government is simply we could not let the time limit expire at 11pm tomorrow, of allowing this House the opportunity of availing itself of that right.
"It is perfectly reasonable and it is perfectly lawful."
In a series of tweets, shadow Brexit secretary Keir Starmer said: "There are four key reasons why you cannot separate the Withdrawal Agreement from the Political Declaration.
"First, the Article 50 process explicitly states that the EU and member state must negotiate an agreement 'setting out the arrangements for its withdrawal, taking account of the framework for its future relationship with the Union'.
"Second, in their letter of 14 January Presidents Tusk and Juncker said: 'As for the link between the Withdrawal Agreement and the Political Declaration....it can be made clear that these two documents while being of a different nature, are part of the same negotiated package'.
"Third, the PM has said the two documents should be treated as one. On 14 January she said "the link between [the two documents] means that the commitments of one cannot be banked without the commitments of the other. The EU has been clear that they come as a package.
"Fourth, following the PM's commitment yesterday to resign before the next phase of negotiations begin, if the withdrawal agreement passes without a credible plan for what happens next then Brexit is going to be determined by the outcome of the next Tory leadership contest.
"What the Government is doing is not in the national interest and that's why we will not support it tomorrow."
Source: Belfast Telegraph
Forex Volatility Expected in British Pound and Canadian Dollar
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| Credits to Europe Fx |
Brexit remains in limbo after the latest developments from British Parliament and leaves the situation more clouded than ever. Consequently, forex options traders are pricing 17.4 percent implied volatility on overnight GBPUSD contracts due to the exceptional degree uncertainty.
Source: DailyFx
No-deal Brexit on April 12 is UK's most likely option right now - lawmaker Letwin
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| Credits to Times of Israel |
LONDON (Reuters) - A no-deal Brexit on April 12 is the most likely scenario right now for Britain, Conservative Party lawmaker Oliver Letwin said on Thursday.
“I think that at some point or other we either have to get a deal across the line or accept that we have to find an alternative if we want to avoid no deal on April 12, which I think at the moment is the most likely thing to happen,” Letwin, the architect of a series of votes on alternatives to Prime Minister Theresa May’s Brexit deal, told BBC radio.
If Britain wants to hold a referendum or an election it would need to delay Brexit by at least several months but it is unclear if parliament would vote for such a long extension, Letwin said.
Source: Times of Israel
NZD/USD Rate Outlook Remains Constructive Ahead of RBNZ Meeting
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| Credits to DailyFX |
TRADING THE NEWS: RESERVE BANK OF NEW ZEALAND (RBNZ) INTEREST RATE DECISION
The Reserve Bank of New Zealand’s (RBNZ) meeting may shake up the near-term outlook for NZD/USD as the central bank shows little to no interest in altering the outlook for monetary policy.
Unlike its major counterparts, the RBNZ may stick to the same script and merely reiterate its pledge that the official cash rate (OCR) will be ‘at an expansionary level for a considerable period to contribute to maximising sustainable employment, and maintaining low and stable inflation.’ With that said, little to no changes in the forward-guidance for monetary policy may spark a bullish reaction in the New Zealand dollar as it curbs speculation for an RBNZ rate-cut.
However, the RBNZ may respond to the slowdown in global growth as Governor Adrian Orr and Co argue that ‘the direction of our next OCR move could be up or down,’ and a batch of dovish comments may drag on the New Zealand dollar especially if the central bank shows a greater willingness to further support the economy.
Crude Oil Prices May Fall on Growth View, Confirming Chart Setup
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| Credits to DailyFx |
Crude oil prices traded higher, pacing futures tracking the bellwether S&P 500 stock index as sentiment-linked assets corrected following recent losses. Gold prices edged down as the risk-on mood initially buoyed bond yields, but the move reversed course midday as soft US economic data rekindled global slowdown fears. That sent lending rates back lower but also inspired haven flows into the US Dollar, leaving the yellow metal rudderless through the end of the session yet again.
CRUDE OIL TECHNICAL ANALYSIS
A bearish Evening Star candlestick pattern continues to suggest that crude oil prices are carving out a top. Confirmation of reversal requires a daily close below support in the 57.24-88 area, a move that would set the stage to challenge the 55.37-75 zone. A push above the 38.2% Fibonacci expansion at 60.45 would invalidate bearish cues and expose the 50% level at 62.28.
Get us out NOW! May's Brexit delay 'UNLAWFUL' - MPs issue shock legal block
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| Credits to Express |
THERESA MAY will address Tory MPs at the 1922 committee at 5pm today amid speculation she will use the meeting to announce the date of her resignation - while Brexiteer MPs have claimed the decision to delay Article 50 was "unlawful"
One MP said it was “certainly a possibility” the Prime Minister would inform the influential groups of backbenchers when she intends to step down. Meanwhile Brexiteer MPs led by Sir Bill Cash have written to Mrs May warning of their "serious legal objections" to her decision to delay Article 50, and hence Brexit, beyond March 29. And in a further blow to the PM, Brexiteer Sir Christopher Chope has even suggested Tory MPs could back a Labour motion of no confidence in the Prime Minister should one be tabled.
Unemployment Report
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| Credits to Military |
Unemployment Report is an official release prepared by authorities that announce the country's unemployment statistics. This report is released at different intervals in different counties depending on policies and system each country follows and commits to. Some countries release the report quarterly and some release it half yearly.
Unemployment Report is indicative of the economic health of the country. A poor rate of employment, which is same as high unemployment rate indicates at a market that is economically unhealthy and traders prefer to trade short in such markets because their future is uncertain; whereas a positive report, i.e. that the unemployment rate of a country reflects positively upon the economic health of the economy. Unemployment report has a direct impact on all kinds of trading markets, be it stock market, currency market, or commodity market. Depending on whether the report is positive or negative, the market will swing in an upward or downward direction.
Source: Luckscout
You Should Analyze Yourself, Before You Analyze the Market
As far as I have learned so far, online forex and stock trading are the only businesses that emotions have the highest and strongest impact on them. Currency market goes up and down based on nothing but the decision of the buyers and sellers. When most traders decide to buy, the price goes up and when they decide to sell, the price goes down.
The same emotion which is the main factor that moves the markets is also the main factor of losing for retail traders like you and me. We also decide to buy or sell after we analyze the market, but when this decision is against the decision of most of the other traders, we lose. There are several reasons for the trader's failure. Lack of enough knowledge is one of them but it is not the most important reason, in spite of what most people think. Most traders already know a lot, much more than what they need. When they keep on losing, they think they have not learned enough or their trading system is not a good system. So they keep on reading and learning more and more, whereas the reason for their failure is something else.
We have already talked about controlling the emotions, but I believe we still need to talk about it because it is the most important reason for the trader's failure. The problem is most traders still don’t know what their emotions are and how they cause them to lose. To know and recognize your emotions, you should analyze yourself before you analyze the market. You can understand and follow the emotions of the market only when you control your own emotions.
How can you find out if you trade based on your emotions or based on the signals that your trading system shows you? You should analyze your attitude, especially when you have a losing position.
If you think that you should take a position whenever that you sit at the computer and if you really take at least one position anytime that you analyze the market, it means you trade based on your emotions. Why? Simply because there is no system that gives you a trade setup everyday and anytime that you turn on your computer. Therefore, if you trade anytime that you sit in front of the charts, you trade based on what your emotions tell you, not based on what your trading system and the techniques you have learned show you.
What is the solution? You should change yourself. You should learn to control your emotions. You should learn to ignore your emotions and trade only based on what is on the charts and in front of your eyes, not based on what is in your mind. In most cases, you think that you are following your system, but in fact, you buy just because “you think” that the price will go up or you sell because “you think” that the price will go down. Whereas if you look at the charts carefully, you will see that they are not showing you any direction or signal, which means you should not trade and you should wait.
Waiting is something that most traders are not able to do. They feel guilty if they do not take any position for a few days. They think there is something wrong with them and their trading system. They think the other traders are making a lot of money and they are losing the opportunities. But this is not true. 95% of the traders are losing money. The traders who win are those who “wait” for the trade setups.
You should consider that usually there is no signal in 80% of the cases and so most of the disciplined traders are in the waiting phase, most of the time.
Emotions are the main cause of the trader's failure. Most training courses focus on the techniques and trading systems, but it is not hard to find a good and reliable trading system for free. The Internet is full of free information that is really invaluable too. You can find so many reliable and strong trading systems for free. Something you can not find over the internet is the ability to control your emotions. A good trading system can make money for you only when you can use it emotion-free.
Source: Luckscout
A Forex Trader For All Seasons
Forex market does not always behave the same. Sometimes it doesn’t trend for a long time and so trend traders have to sit on the fence and do nothing. Sometimes it keeps on moving strongly toward a direction and it doesn’t give you any chance to enter. Sometimes it keeps on moving inside a range and those who are used to trade with some special times frames only, will not be able to trade for a long time. Above all, sometimes a good trading system that was used to work like a charm stops working and starts hitting the stop loss.
Professional and full-time traders cannot be stopped by these kinds of problems. They keep their discipline, but they are also able to use different systems based on different market conditions. They can easily find out that the system they have been using for a long time, can not be used at least for a while, because of the market’s new condition.
Therefore they either switch to a different system or modify their systems to make it suitable for the new condition. At the same time, they know the time that they should shift back to the system they have been using before.
Techniques are the same but it is the tactic and strategy that have to be changed to use the technique properly, under different conditions. So far, I have introduced several strategies that are all based on technical analysis. The strategies that we have are suitable for trading under the market different conditions and also different time frames. We trade all time frames from 15min to daily and even weekly. Although I do not send an official signal for each and every one of the trade setups I find with all currency pairs and times frames, I try to share their analysis with the members to help them improve their skill and experience.
I could have all the signals, but I am always afraid that some subscribers overtrade and take all the signals because our subscribers have different levels of experience and some of them are really new to forex trading.
One of the problems that some traders have is that they trade profitably for a while, sometimes for a few months consecutively, but then they start losing. There are several reasons for this. After a while of making a profit, they get greedy and want to make more. So they try to improve a system that has been doing good. Or they start overtrading and try to take more risk. This will be ended to nothing but loss. This is the most common reason, but the other reason is that, as I explained above, sometimes the market condition changes but most traders are not aware of it.
They try to make money using the same method, but it doesn’t work. Or the time frames they were used to analyze go to a ranging phase and do not form any proper trade setup.
As you see, trading is much more than clicking on the buy/sell buttons. A trader should always look at the bigger picture and have the market condition in his mind while trading with different time frames. That is why every weekend, first I collect and analyze all the important news we have for the next week. Then I analyze the time frames from monthly to one hour and 15min to know the direction of the market for all the currency pairs. This is how it works
Source: Luckscout
Great British Pound Sterling (GBP)
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| Credits to Currency Converter |
GBP, known as British Pound Sterling is the government released legally circulating currency of the United Kingdom. It happens to be the oldest active currencies of the world. Earlier the currency was made in gold and silver but with the modernization of economy new paper bank notes and coins replaced the old metal. The currency is backed by gold reserves.
In common language by people, it is referred to as just Pound or even Pound Sterling to avoid any confusion. It is considered a major currency; in the same category of USD, Yen, Euro in terms of strength and position that they hold in the world market. GBP holds the highest value where all major currencies are concerned. GBP is traded with all the major Forex pairs by currency traders. One GBP or British Pound Sterling is equal to a hundred pence.
Factors that affect the exchange rate of GBP may include the bank of England's intervention; interest rates; export imports, GDP; Consumer Price Index etc. When pound becomes stronger companies that will benefit from its strength will be the ones that import or buy raw material from other counties; whereas when the Pound Sterling goes weak those companies will benefit to whom the UK supplies materials. Companies that get their revenue from exports will stand to gain as the pound weakens.
For currency traders who trade GBP as one of their currencies the most active trading hours are from the time the London market opens which is from 3:00AM ET / 8:00 GMT; UK Economic news release happening between 4:30AM ET / 9:30 GMT; and a time when U.S. releases any kind of breaking economic news which generally happens between 8:30AM ET/ 13:30 GMT.
EUR – Euro Currency
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| Credits to Travelex |
EUR is the official currency of European Union, and its commonly referred to as the Euro. Its one of the major and a reserved currency of the world and was introduced in 1999. It was adopted by 16 countries collectively as a common currency with an objective of strengthening European economy; improve international trade, economic power and so on When it comes to trading Forex EUR happens to be the base currency in many pairs such as EUR/AUD; EUR/JPY; EUR/CAD;EUR/USD, EUR/GBP; and EUR/CHF.
The European Central Bank is responsible for and in touch with the central banks of the member EU nations via European System of Central Banks to take any decision that may affect the euro and the other members of EU.
When all the nations are put together or seen collectively as one unit, the Euro-zone is bigger than the economy of U.S.
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