If you were to lose 50% of your account on a single trade, going from $10,000 to just $5,000, as a result of an unexpected market move, you would then need to gain 100% just to recoup your initial position. This is known as a drawdown and it can have an insidious effect on your account balance.
Correlation in Forex Trading
In pure terms, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation).
How to Use Leverage Responsibly in your Forex Trading
The Forex market is a unique one. It is unique for many different reasons. It is the biggest market on the globe with anywhere between 3 and 5 trillion dollars traded every day, depending who you ask.
Dollar Ends Mixed Across G-10 Commodity Currencies
The Dollar ended the week mixed across the G-10 with commodity currencies advancing while the remaining G-10 currencies suffered minor losses. Global Equity Markets finished the week in positive territory although Futures are pointing towards a slightly lower open.
FOREX: Last Week In Perspective
Last week was a second straight good one for the world’s major stock markets with all indices gaining ground over the course of the week, except for the Nikkei. In Europe, the FTSE put on almost 3% of its value, closing at 296.4; the CAC was up by 2.66%, closing at 3806.0; the Dax closed up by 3.6% at 5686.8.