A blog about currency currency day trading blog trading or simply Forex day trading. The euro fell against the dollar Thursday as concerns once again heated over the region’s simmering issues of sovereign debt.
Illustrating the increasing worry over the region’s fiscally stressed periphery, the cost to insure against default on government debt issued by Portugal, Ireland and Spain all hit record highs. Pressure relating to the debt crisis is rising in the euro zone,” said analysts at Commerzbank in Frankfurt. 30, while the euro was at Y112. The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 77.
Euro-zone officials were out in force to calm markets, with European Commission President Jose Manuel Barroso telling reporters in South Korea, where he was attending the summit of the Group of 20 industrialized and emerging nations: “The EU is ready to support Ireland. Hedging is defined as holding two or more positions at the same time, where the purpose is to offset the losses in the first position by the gains received from the other position. Usual hedging is to open a position for a currency A, then opening a reverse for this position on the same currency A. This type of hedging protects the trader from getting a margin call, as the second position will gain if the first loses, and vice versa. However, traders developed more hedging techniques in order to try to benefit form hedging and make profits instead of just to offset losses. For the full article go to earnforex.
The key to making money in the currency exchange market is to avoid emotional decisions and to follow a carefully thought out strategy that takes the current market and history into account. Going with your gut is not the way to go in the Forex market. Going with your gut could cost you money. Forex trading is a highly volatile market where emotions tend to run high. Read the full article at earnforex. Let’s begin our brief examination of fundamental analysis by observing that up until a century ago there was only one school of analysis, and there were still a large number of self-made trading millionaires.