The Association Between Forex and Precious Metals

The Association Between Forex and Precious Metals

Precious metals have a strong connection between their current prices and currency values in the foreign exchange market. Even though the world’s currencies aren’t based on the precious metals anymore, particularly gold, these metals still continue to impact the value of currencies.

One of the best examples of metals affecting forex prices was when Russian forces invaded Ukraine. Because of the turmoil in the country during that time, the prices of precious metals rose in fear of another major market downturn.

JAFX Review: Is It A Trusted Broker?

JAFX Review

For the sake of clarity, I should state that Forex is not a completely new concept for me. My relationship with John Anthony existed well before JAFX and it dates back to 2014. It was then that a friend presented binary options to me and I began optimizing my profits. That same friend who introduced me to FX trading helped me get over my apprehension of trading Forex, and the rest is history. Today Forex is my primary trading method, and while I have not yet been able to replace my day job, becoming a professional trader no longer seems a goal that is out of my reach.

The Race to Transform Yourself Into A Profitable Forex Trader

Transform Yourself Into A Profitable Forex Trader

Newbie Forex traders almost always ask some variation of the same question:”How long will it take me to transform myself into a profitable trader?” This is a perfectly natural and logical question to ask yourself, and others, whilst undertaking the baby steps of your trading career. But seasoned pros take this as a sure sign that you will need a lot more training and experience.

Forex EA vs managed account

Forex EA vs managed account

Back in 2008 when commercial EA’s were entering the Forex market, some of us believed that if you have a good system, all you need to do is automate it, place it on a chart, “set and forget it” and you can then start planning your dream vacation. Over the years, many of us came to the realization that automated systems do not last forever. As markets are always changing we need to continuously adjust, tweak, or change our strategies to keep them functional.