London Headquartered Financial Services provider – Henyep Capital Markets – is delighted to announce further worldwide expansion with the launch of its office in Melbourne, Australia and being issued a license by the Australian Securities and Investments Commission (ASIC). The ASIC license, offers traders in Australia complete peace of mind when trading with Henyep Capital Markets. Read more
Forex traders make several mistakes in the course of their careers and while mistakes can be manageable and excusable, the costs can add up and trickle losses that will drain all their hard-earned capital if these happens consistently. The following are three problems that seem to be universal among traders today especially beginners. Read more
The Japanese yen hit a 20-month low of 85.38 yen against the dollar as the new Prime Minister Shinzo Abe announces cabinet.
Shinzo Abe spoke earlier and promised to carry out bold monetary easing and flexible fiscal policy. He indicated that he has ordered his ministers to work towards Japan’s economic recovery which is the mission of the new government. Read more
The market has turned into a pessimistic mood as the fiscal cliff deadline approaches, yet President Obama and House Speaker Boehner were unable to negotiate a deal that will avoid the steep year-end tax hikes and spending cuts. Politicians on Capitol Hill also grew increasingly skeptical.
The delay on the expected deal is bringing extra stress and high volatility on the markets before the year-end holidays. In the Asian market, Nikkei lost -0.99% and slipped under 10,000.00 while Hang Seng and Shanghai composite indexes dropped by 0.82% and 0.69% respectively. Read more
With the Forex market being the largest financial market in the world having a $4 trillion trade a day volume, more and more people are becoming attracted to its potential as a money-maker.
While it is true that there had been thousands of people who are making off a living wage from Forex trading, this doesn’t mean that Forex trading is for everyone. Just like any other business, you need to devote a considerable amount of time and effort to realize profits from it.