The mechanics of trading are relatively simple. A click or two gets you into a trade, and a click or two gets you out. But the decision-making process behind those clicks is much more complex. And with complexity comes more opportunities to make mistakes that can affect your bottom line. Here are seven common mistakes… View Article

1- Purchasing manager index (PMI) Purchasing manager indices measure the prevailing direction of economic trends in a given industry, according to the view of its purchasing managers. They are used as an indicator of the overall health of a sector. Like price indices, there are typically multiple different PMIs released for any given economy. A… View Article

What is trading psychology Trading psychology refers to the emotions and mental state of a trader while making trading decisions. It is a well-known fact that emotions can have a significant impact on a trader’s performance and that a trader’s psychology can make or break their success in the market. Fear, greed, and overconfidence are… View Article

There are three key approaches to make a reliable gold rate prediction:   Fundamental analysis allows you to track changes in monetary policy and other factors affecting the price of precious metals. First of all, these are changes in the global financial system and the actions of the US central bank. Therefore, it is extremely… View Article

The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and… View Article

1-Understand the Market Fundamentals   Before diving into the forex market, it’s essential to grasp its fundamentals. As Warren Buffett once said, “Risk comes from not knowing what you’re doing.” Stay updated with global economic news, understand currency pairs, and be aware of geopolitical events that could impact the market. Investopedia offers a comprehensive guide… View Article