NFP will be out on May 7!
Forex News

NFP will be out on May 7!

What will happen? One of the most significant economic indicators for the US dollar will come out on Friday at 15:30 MT (GMT+3) - NFP. Non-farm employment change represents the ...
What is PMI and why is it important?
Forex Trading Tips

What is PMI and why is it important?

Purchasing Managers Index (PMI) is an indicator that measures the economic health of the manufacturing sector. The aim of the Index is to provide information about current business conditions to company analysts, purchasing managers, decision makers. It is based on five main indicators such as inventory levels, production, supplier deliveries, new orders and the employment environment
No fear: how to stop worrying and love the market
Forex Trading Tips

No fear: how to stop worrying and love the market

We can repeat on and on until it becomes clear to everyone. The current situation in the market does not mean the end of the world. On contrary, you should take a deep breath and calm down. Yes, the recent plunge looks dramatic, but the market managed to recover from even bigger falls. And lets not forget that we do trading here. That is, we can both go short and long on the assets. In other words, we can both sell as well as buy.
Investor of 'Big Short' sold 800K Tesla shares
Forex News

Investor of 'Big Short' sold 800K Tesla shares

Have you seen the film Big Short? Most of you probably do, as it is a famous Hollywood film, which reveals the story of one extraordinary investor who made billions of dollars betting against mortgage securities during the 2008 financial crisis. It was a real story! This investor, Michael Burry, continues his financial career and he has recently sold the largest number of Tesla shares he has ever sold: 800,100, that worth $534 million. Thats a lot! He compared the hype around Tesla to the housing bubbles in 2008.
Carry trade strategy
Forex Trading Tips

Carry trade strategy

We told you a lot about technical trading strategies. But we want to remind you that there is another important part of trading. Its fundamental analysis. If there is fundamental analysis, there should be fundamental trading strategies too. Lets start with the most common and one of the simplest strategies carry trade strategy. This strategy is based on interest rates. In our fundamental analysis course, we told you that interest rates are a perfect indicator of economic conditions in every economy of the world. Its a fast and clear way to estimate which economy is stronger and as a result, what currency will strengthen. A country with a weak economy has a low interest rate. Its a way of a central bank to encourage credit growth and give business cheap money to pour into the economy. A currency of such country is weak. A strong economy has strong GDP growth and rising inflation. To limit inflation, a central bank has to raise interest rates. This makes a domestic currency go up.