Fri, 20 Apr 2012 02:15:00 +0400
Since next Friday till next Sunday the meeting of the heads of tax authorities from the countries of the "Big Twenty" will be held in Washington. Major issue to be discussed is the possibility to expand the resources of International Monetary Fund, the necessity of which was pronounced by IMF Managing Director Christine Lagarde on April 04, 2012 in her appeal to industrial countries. IMF empowerment is stipulated by the necessity to resist crisis developments, including the ones in eurozone.
In general, the participants of the forum have given the appeal preliminary support. "We have been promised to receive over 316 billion dollar. And I believe that the final sum will be even larger," said Christine Lagarde during her speech in Washington.
Not all participants, though, are easy to come to terms with. For example, Russia, China, and Brazil have agreed to donate funds, but only in exchange for additional votes in the framework of IMF. Canada has absolutely refused to take part in the rescue of Europe, explaining that European Union has enough means to settle crisis developments.
Technically, the actions of EURUSD currency pair at FOREX market may be called moderate content with news. The pair has not yet finished the rising correctional structure h1-h4, where wave "С" continues. According to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, points 1.3179 and 1.3270 are the targets of the uptrend.
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All those black Mondays, Tuesdays, Wednesdays, Thursdays and Fridays keep on haunting FX traders these days. It’s been around 6 months since the SNB unpegged the Swiss Franc, thereby triggering force-majeure in the Forex industry. Greece has been causing stress to FX traders as well.
On August 24th, we could see another case of abnormal market volatility. Major stock indexes crashed, currencies went wild. Was this another stress test for FX traders and even brokers? This is the question we asked the Forex-Market company.
These days, more and more traders prefer automated trading to manual one. In other words, they outsource the trading process to trading robots. They say that the biggest advantage of using trading robots (also known as expert advisors) is the absence of emotions all human traders are subject to. Indeed, emotions in trading lead to poor results more often than not.
As you probably know, Forex is the worlds’ biggest financial market. Therefore, the money is more then enough for the average trader to get rich. On top of that, immense financial flows (several trillion dollars a day) stimulate innovation in trading, which leads us to believe that contemporary FX brokers create a more favorable environment for retail traders to make money consistently.
Without any doubt, these are hard times for the entire global trading and investment community. As the financial and economic uncertainty keeps building up, financial markets go volatile and and uncertain as well. Under such circumstances, Forex traders are forced to seek truly reliable FX brokers, especially after several big-scale FX brokers went bankrupt following the SNB’s decision to unpeg the Swiss Franc from the Euro earlier this year.