Steve Connell spent over 17 years working in the finance sector and has experience in a range of financial markets from foreign exchange, commodities to options and futures.
The role of the interbank dealer is for the most parts transparent. To retail traders, the primary dealer is often separated by several layers of brokers and middlemen
Drawdown happens when losses in a trading account outweigh profits over a certain period. If you trade in any kind of volatile instrument, some drawdown is inevitable and is one of the risks associated with putting your money into financial markets.
When entering a trade, how do you choose the point of the stop loss and take profit? Clearly, this decision will have an impact on how profitable your trades are.
Forex arbitrage is a bit like picking pennies. The opportunities are very small. To be profitable an arbitrage strategy has to do it big or do it often.
Employment reports are one of the leading indicators that tell you if an economy is improving or worsening. The number of jobs added or lost generally tracks the business cycle and is a strong guide to future interest rate movements.
The reverse carry trade is what’s called an event driven strategy. It’s not a trading system you can use every day – yet at the right time it can generate enormous profits very quickly, and is therefore one you should keep up your sleeve ready to use.
Breakout trading is a profitable strategy that's often used by professional Forex traders, however dealing with failed breaks is one of the biggest problems faced.
There's a widely held view that trade deficits are bad for a currency and surpluses are good. But is this really true? What does it mean when a country has a trade deficit?