Forex programming software

The programming software does work and has been used for years by some of the most profitable traders. It removes the volatility in low volume currency trading and is more the norm than not which greatly reduces the risk in longer term trades. Paying for a newsletter service only makes sense if you want to make more winning trades. It saves the forex trader a great deal of time from trying to decide when to place a trade and is well worth the money spent. Economic factors and news are what changes in a country’s currency valuation. When such economic conditions such as a budget deficit or surplus is reported within a country, there will be reactions in the forex market and values will be reflected on currencies. Other news may include inflation trends, and the general economic growth of the country. Coach's Corner Premium is an interactive training service designed to help Forex traders attain Forex trading mastery via video courses, daily analysis videos, weekly webinars and interaction with mentors and other traders.

Facebook faced questioning on Tuesday

On Monday, Treasury Secretary Steven Mnuchin raised national security concerns about Libra and said people in the past had tried to use cryptocurrencies for illegal means.
Facebook faced questioning on Tuesday from U.S. senators, who said they don't trust the company to operate a global cryptocurrency. That is partly because there isn't a clear regulatory framework for digital assets. Democratic Sen. Sherrod Brown compared Facebook to a "toddler who has gotten his hands on a book of matches."
Ethan Hou, a 30-year-old cryptocurrency trader in Taiwan, said he woke up in the middle of the night to follow the Senate hearing and the market reaction. He said he sold some of his bitcoin holdings and expects more downside in the short term.
"Watching the grilling that Facebook was getting from Congress, there is a lot of negative sentiment around the market," he said. Mr. Hou said he is broadly optimistic about the future of bitcoin and other cryptocurrencies, given Facebook managed to get large companies including Mastercard Inc. and PayPal Holdings Inc. to back its plans for Libra.
Others remain skeptical of the benefits Libra could bring for users.

The successful trader

The successful trader has an intimate understanding of the delicate balance between emotional intelligence, managing emotional volatility through protocols, routines and habits and tracking the mechanical data of the markets. They focus on doing the "right" things habitually  following trading plans, rules, money management and position sizing  as if their life depended upon it  and their trading life does depend upon it.

Risk Management

 Your Forex trading system or program should be well though out in your trading system. Forex traders will be exposed to steep losses or taking poor Forex positions if they do not follow a strict set of guidelines. You should have  exact points and an effective strategy for exiting a Forex trade. Traders should not find themselves holding a Forex pair position in the Forex markets for long period unless you are taking weekly positions. You need to know it is important that your strategy for exiting a Forex trade once that trade has become profitable.
Risk Management is protecting gains on your FX trades. You need to know what your exit strategy is, this is an element of risk management. When a forex trade is in the money, the Forex trader need to manage the money with correct stop loss orders. The worst thing a the trader can do is allow a profitable position to reverse and become a losing position. When looking at any system for use in your currency trading, you must ensure that your risk management is in place on your currency trades. If risk management is not present then you are at risk to keep having losing trades.
 

How To Trade Forex Using Support and Resistance Levels

Oil prices

Oil prices edged higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
However, an International Energy Agency (IEA) forecast for a global oil surplus capped the gains. The agency on Friday predicted that surging U.S. oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months.