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The Gross National Product (GNP) is the sum of value produced by the total productive activity of a country in a given time. This concept of the GNP is very useful in economic forecasting, since it tells you what the state of the economy is at any given moment. The more accurate you can get

Australian Dollar at Risk to Head Down Under in the Week Ahead

The Australian Dollar is in a tailspin and there are multiple reasons for this. One of the most prominent is the slowing economy in China. That means fewer goods and services for Australian dollar traders and that means more people borrowing in the United States to pay for those goods and services. That means the

Weekly Technical US Dollar Forecast: Technical Damage Not Undone

For many forex traders, the weekly technical US dollar forecast is a vital part of their trading strategy. The forecast gives them insight into which way the market will move in terms of strength and resistance. This is essential to your success as a trader. There are several ways you can look at the weekly

How to Read a Candlestick Chart

The technical analysis technique of studying candlesticks is used extensively in Forex trading. Candlesticks are the perfect way to analyze the market since there are over 20 pips in one candlestick. On the chart, every candlestick shows the opening, high, and closing price for a particular time period. For instance, if the investor set the

Gold Prices Rise to Critical Resistance on Inauguration Day

old Prices Has Shifting Critical Resistance As China, India and Germany Get Ready for European Union (EU) Approval of a Common Trade Program. The European Union (EU) has been pushing the global trade talks towards a free trade area. However, all this comes at a price: The EU is struggling to get enough cooperation from

How to Read a Candlestick Chart

Candlesticks can be used as technical analysis tools. Unlike a basic line chart, every candlestick shows four data points: The opening price, the high, the middle, and the closing price. Since you’ve only scratched the surface of what candlesticks can show, we’re going to dive into the specifics of interpreting your preferred chart. With that

How to Manage the Emotions of Trading

Are you one of those traders who are having a hard time managing your emotions when it comes to trading Forex? Do you feel like you lose all your money when it comes to trading Foreign Exchange? If this is the case, then you should really consider yourself lucky and take note that trading Foreign

Top 10 Candlestick Patterns To Trade the Markets

If you really want to be successful in the stock markets and make money trading them, then you need to learn about the top 10 Candlestick Patterns. These patterns are easy enough to learn and understand, yet they can be a huge help in guiding you into making wise investments. So, what exactly are these