Here’s how investing in foreign exchange marketplaces is different than anything else

You have undoubtedly heard about all of the tremendous opportunities available in the foreign exchange marketplaces (Forex markets) by now.

People are – understandably so – very, very excited at the potential that these marketplaces provide regular folks looking to transform a small amount of capital into a tremendous amount of wealth. This has caused more and more people to dive headfirst into the world of Forex markets (using the tools and technology provided by Forex signals provider services out there), and has allowed every day folks with no previous investment experience the chance to transform their lives in the process.

Unfortunately, many of the same people make a lot of mistakes and missteps when they are first getting started. This is because investing in foreign exchange marketplaces is significantly different than traditional investing, and you need to understand the major differences if you are to have any real chance at succeeding.

Here are a couple of differences you’ll want to focus on.

There are no time limitations to the Forex trades you can make

One of the biggest differences between Forex trading and traditional trading is that there is no opening bell and no closing bell. You are going to be able to trade on the foreign exchange marketplaces all over the world on a 24/7 basis, which means that you won’t ever have to worry about trading during the 9 to 5 rush that those on Wall Street have to fight each and every day.

At the same time, this means that you are going to be going up against global competition that also has the opportunity to jump in and smuggle trades out from underneath you – even while you sleep.

Because some of the best opportunities are going to come out of nowhere (very organically) and because the market is running on a 24/7 basis, you need to be sure that you are paying attention to Forex signals and Forex analysis if you are to have any opportunity of making serious money with this investment.

It’s impossible to overstate the value of a proper Forex signals provider

The choice of your Forex signals provider is going to make or break the opportunities that you come across.

These services are going to be your only ally, and the number one resource that you are going to want to turn to when you need Forex signals information and reliable Forex analysis. Make sure that you choose your partner in this investment opportunity very, very wisely.

Economic highlights for today (2/7/2018)

During the European morning, we get Germany’s Industrial Output for December and past week’s US Crude Oil inventories which could move the market. As for speakers, ECB Board member Lautenschlager, Dallas Fed president Kaplan and FOMC members Dudley and Evans speak. Please also note that the ECB Governing Council is to hold a meeting today and a press conference will follow.

 

RBNZ: Steady as she goes

RBNZ is to announce to its interest rate tonight at 20:00 (GMT) and is expected to remain on hold at +1.75%. The market has priced in the probability to remain on hold at 99.88% and the financial data also support the case as the inflation is currently at +1.6%, below RBNZ’s target range of 2-3%. Focus should shift to the accompanying statement and specifically to the inflation rate which has recently dropped. Another point to keep a look out for, would be the recent strengthening of the NZD. Overall, the statement could have a positive economic outlook, however due to the factors mentioned before we see the case for a cautious comment about the future rate hike path. NZD could weaken as the statement could be neutral to dovish.

NZD/USD yesterday, regained any losses it suffered due to the US stock market mini crash and continued to trade in a sideways manner staying between the 0.7370 resistance level and the 0.7250 support level. We see the case for the pair to continue in a sideways manner with a bearish tone in the short term as the fundamentals suggest. Should the bulls take the driver’s seat we could see the pair breaking the 0.7370 resistance line and aim for the 0.7417 resistance hurdle. On the other hand should the bears have the upper hand we could see the pair breaking the 0.7250 support level and aim for the 0.7180 support barrier.