Financial markets are a mystery to many, thought to be overloaded with convoluted terminology. One market in particular that often causes confusion is the spot market. Commonly referred to as the cash market or physical market, the spot market is a place securities are exchanged for cash and delivered on the spot. The price quoted, … Continue reading Forex Trading: What is the Spot Market?
Income and the price of products are vastly different to what they are today. Mars Bars in the UK cost 29p in 2000, though cost 60p today. The median annual earnings for full-time employees in the UK was approximately £30,000 in 2019, while in 2000 employees took around £19,000. This is largely due to inflation. … Continue reading The Foreign Exchange Market and Inflation
The only way to do great work is love what you do – Steve Jobs Most have never envisioned becoming traders or demonstrated a connection to the markets. In fact, it’s likely the majority were introduced to trading through friends or colleagues, enticed by the idea of financial freedom. Many, however, fail to acknowledge what … Continue reading Fall in Love with the Process – Not the Results
Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do – Pele Trading consistently is tough. It challenges you in ways you’ve not likely been tested before. So, what separates the successful traders from the pack? It boils down … Continue reading Do You REALLY Have What It Takes to Be a Successful Forex Trader?
Nowadays, popular trading platforms offer in excess of 100 indicators. You could say you are almost spoilt for choice. The mammoth selection, however, tends to be detrimental, often leaving traders overwhelmed, particularly those in the earlier junctures of their journey. Fortunately, a handful of indicators have stood the test of time. Including, but certainly not … Continue reading Relative Strength Index: How to Trade Using the RSI Indicator