Forex Analysis: 3 Currencies That Declined Against the USD in 2015

By Md S Hoque 

The U.S. Dollar had a strong year in 2015. The U.S.'s improving economy and steady job growth, as well as the December interest rate hike by the Federal Reserve, helped the greenback gain in value.

The same wasn't true for the world's other major dollars: The Canadian, Australian, and New Zealand dollars. Thanks to sagging commodity prices, as well as the Chinese downturn, these currencies declined in value compared to the USD. In Canada, for instance, the Canadian central bank cut interest rates twice in 2015 in an attempt to boost crude exports. Yet, the effects of Canada's strategies have yet to be seen, as the CAD hasn't yet started to rally. In fact, the country's currency dipped to 12-year lows compared to the USD, and some experts have speculated that the Loonie might continue its downward trend before reversing course.

Here's a quick look at why the AUS, NZD and CAD all underperformed in 2015:

Loonie Reaches Decade-Plus Low: It was a rough year for the Canadian dollar. In September, the Loonie declined to its lowest valuation in 11 years compared to the U.S. Dollar, before declining to 12-year lows by the end of the year. Weak oil prices were a major driver of the year-long decline of about 20 percent compared to the greenback. As energy prices continue to hover around rock-bottom prices, the Canadian dollar won't likely to start its rebound. Plus, even as oil prices start to tick up, which many are speculating with come in Q2 of 2016, it will be a slow uptrend for CAD.

Australian Dollar Declines on Export Prices: Like the Canadian dollar, the Aussie similarly dropped due to weakening export prices. But the Australian economy isn't nearly as reliant on energy as Canada. In Australia, commodities like ore, gold and other metals, as well as wheat, are the primary exports, and throughout 2015, commodity prices cooled off. Additionally, Australia was also affected by the sluggish Chinese economic growth, as the two economies are closely tied. Due to these circumstances, the Aussie declined about 12 percent compared to the USD.

Dairy Prices Drag Down Kiwi: In New Zealand, diary accounts for roughly 30 percent of the country's commodity exports. Throughout the year, dairy prices were sluggish and in decline, and as a result, the Kiwi took a hit against the U.S. dollar. In 2015, the Kiwi was down about 12 percent compared to the USD.

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Article Source: Forex Analysis: 3 Currencies That Declined Against the USD in 2015

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30 Rules to be a Successful Forex Trader

Author: singapore trader

30 Forex Trading Rules to Your Trading Success

Trading Principles

When you start out trading the key element that you must set up are the principles and guidelines for how you are going to trade. By implementing these rules and principles you are increasing your chances of becoming a successful forex trader. As without principles and guidelines you are trading without a goal in mind- so why are you trading?. Over 90% of forex traders will end up going broke and not making money from the marketplace, and the one of the key causes is because they have no principles and they also lack discipline. Here are some principles to Get you started towards becoming a successful forex trader.


The other question you need to ask yourself is do you really want this? What are the reasons that you are doing this? If you right this down and continually look at the reasons why you will increase your chances of becoming a successful trader.


At the CFD FX REPORT we are big believers in these principles and we make sure that we are continually developing our members on getting better traders.

If you are looking for a great Forex Broker that can help you implement these rules then please feel free to contact us support@cfdfxreport.com


The 30 Rules to Follow to Forex Trading Success:


1. You should never over-trade- Don't trade for trades sake, you will lose otherwise
2. Make sure that you never risk more than 10% of your trading capital in a single trade, protecting your capital is very important. There will be more trade opportunities
3. Ensure that you never trade without careful stops and use trailing stops
4. Don't cancel a stop-loss after setting the trade- other than get out
5. Never average down on a suffering trade
6. When you get into a profit never let it run into a loss.
7. Never buy or sell just because the price is low or high, as what is high and low
8. Never try to think tops or bottoms- otherwise go to the casino and pick black or red
9. You should never limit a profiting trade, instead move your stops to guarantee a profit- ideal trading is as soon as you get into a good profit at aleast ensure a break even
10. You should never close a position toget out of the marketplace because you have lost patience or get in because you are anxious from waiting.
11. Please never hedge a losing position.
12. Never change your position or close a trade without a great reason.
13. Never follow a blind man's advice, everyone has trading certainties. Use systematically approach
14. Make sure that you never enter a trade if you are unsure of the trend. Never buck a trend. Remember the rule TREND IS YOUR FRIEND
15. Try to avoid scalping for little profits and taking large losses if you scalp you need tight stops
16. Avoid trading after long periods of failure- take a break, re look at your goals.
17. If you have a great run don't keep raising your trade size, otherwise you will blow yourself up. Remember great runs will come to an end, and sometimes great runs turn into bad runs.

18. Avoid getting in misguided or getting in right and out wrong, making a big mistake.
19. Always identify firm support/resistance levels.
20. Always lock in a profit at predetermined increments on profiting trades.
21. EVERY trade must have stop losses
22. Always distribute your risk equally among different markets.
23. Don't be a one trick pony, make money from both sides of the marketplace
24. Always reduce trading after the first loss; never increase, it is ideal if you use equal trade sizes, do not double up and try and get your money back.
25. Always cut your losses short and let your profits run- remember learning to take a loss is the first step to trading success.
26. When in doubt, get out. Do not get in when in doubt- back yourself if it doesn't feel right don't do it. Follow your gut sometimes as most of the time it is right.
27. Only trade active markets- illiquid markets will leave you thirsty- remember small markets are easy to get in, but remember you always have to get out. This is why forex trading is so popular.
28. Only pyramid trades that have a firm trend and should be accomplished once the price has crossed support/resistance.
29. Profits from a successful trade should be saved for future trade security deposits or put somewhere else, spread the risk.

30. Make sure you follow your rules


Extra Trading Tools:


Who are you? Are you a risk taker? Can you afford to lose money? First thing to do is to understand yourself the type of trader that you are, whether aggressive or conservative, long-term or short.


If you are short term and trade goes bad, cut it, don't become a long term trader, other than you buying and hoping, not even buying and holding.
Have a trading strategy before entering the market. Know before the trade is executed where you will take profits/loss.

Understand why a win/loss occurred and how you could of made the trade better.
Consistency is the key to trading success, without it you have nothing.
Your assessment is the only care, do not let outside factors affect the way you trade.
Not everyone can be a trader, deem yourself worthy if given this opportunity.

Most importantly have fun and stick to your rules and hopefully by following these rules they will increase your chances to becoming a successful forex trader.


I hope this helps you achieve your goals.


Happy Trading


Article Source: http://www.articlesbase.com/currency-trading-articles/30-rules-to-be-a-successful-forex-trader-709896.html
About the Author
CFD FX Report www.cfdfxreport.com is a real time tool for clients with an interest in the trading of stocks, indices and commodities globally.CFDs (Contracts For Differences) are one of the worlds' fastest growing trading instruments that allows clients to profit from a rising and falling market. The CFD FX Report is a company comprising of expert traders that analyse the market daily and are able to make recommendations for the following day trades based on this analysis. The CFD FX Report is released everyday at 6.30 p.m. (Singapore time) for review by the clients for the next trading day.
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Trade on Facts, Not on Hope

By Rick Ratchford 

Knowledge is the key to winning and profit in the Stock, Commodity and Futures, and Forex markets.

Trading on hope is a fools game.

In my three decades as a trader and analyst of these market sectors, I have seen and experienced this fact for myself.

Do not attempt to place a trade without a plan. Be sure the plan includes an exit strategy. If the market triggers the exit signal you had predefined, without emotion follow it immediately.

Many traders enter the market with more 'hope' than knowledge. Whether it be due to a 'tip', or a news report, or that it just looks too good to pass up because of some belief that the market cannot possibly go any higher or lower, the result usually ends up with the trader as a net loser.

You must take full control of your own trading. The best way to do this is to get all the information and knowledge you can about the market you wish to trade and then form a plan.

You plan should not only include the entry parameters, but also the exit parameters. The exit is arguably the most important. Your trade should always be protected. Failure to admit that you are wrong when the trade is going south is one of the biggest reasons why many traders go bust.

Learn to trade on knowledge. There is no need for hope and fear that only get in your way. When you are able to trade solely on knowledge, you will be able to respond quickly to trading opportunities and to exit out when it is time to do so.

Your best friend needs to be the Stop Loss order.

One of the biggest problems traders deal with when governed by hope and fear is that they find it hard to believe that a market can just keep going up (or down) for many, many months. There is no such thing as "the market cannot possibly go any higher (or lower)!". Yes it can!

Consider a recent example in the Crude Oil market. On June 25, 2014 the Crude Oil market made a final push higher. Then the floor fell out as the market continued to move lower, week after week, month after month. In fact, there was not one single bullish month leading into January 2015, the time of this writing.

Was this a fluke? Not at all! Recall the major top in July 2008 that did not have a bullish month until March 2009!

During these long bearish moves, you can bet that many traders felt that it could not keep moving lower during brief lulls in price action and decided to buy in order to get in early on the next bull run. Just imagine how many traders went bust trying to buy and hope during these major declines.

If you trade based on knowledge and not on hope and fear, you would at the very least protect your positions. At best, you would recognize that the market is bearish and should be respected as such, taking your trades with the trend based on your trading plan along with your exit plan. No hope or fear included.

If you find you are having trouble doing this, my advice for you is to trade small while you work out your emotional attachment. While there have been many trade teachers suggesting paper trading, I say that is a waste of time. You are never going to defeat the emotion of hope and fear when you do not have any chips in the game.

Try trading small by opening up a small Forex account where you have the ability to trade mini or even micro sized positions.

Practice putting together a plan of entry and exit and then follow through with the trade. Place a stop-loss order in whenever you are filled into your trade. Only move your stop-loss based on your trading plan, and only in the direction of the trade itself. Let the stop-loss order exit you out. Resist the need to pre-determine your profit target as your exit as you are never really going to know how far your trade could go unless you allow it. If you believe based on your plan that the market may be near the end of the move, simply move your stop-loss order closer to your position.

After you have experienced detachment from hope and fear by executing your trading plan time and time again with success, marginally increase your trade sizes towards a regular sized contract and continue to note your ability to stick to the plan. If you continue to be successful doing so, then you will know from there what to do next.

Rick Ratchford of ProfitMax Trading Inc. is a Market Analyst for  http://www.AmazingAccuracy.com/ www.AmazingAccuracy.com specializing in forecasting market bottoms and tops with precision. Forecasting membership is located at [http://www.fdatesforum.com/]fdatesforum.com.

Article Source: Trade on Facts, Not on Hope

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Top Five Qualities of a Successful Forex Trader

By Rashidul Amin 

A Forex trader is someone who takes the foreign exchange market to conduct trading of currencies and implements the arts and practices of Forex trading. A Forex trader must know several trading strategies as well as different jargons of foreign exchange trading. The top five qualities of Forex traders are as follows.

01. Discipline and Realistic: The first quality that a Forex trader must hold is discipline. Anyone can make money in Forex by virtue of luck, but not everyone can make money consistently. Moreover, the traders who tend to be anxious and volatile can lose the money in a short space of time. Besides, many traders know the Forex strategies, but they are unable to implement them correctly.

Another thing that goes with discipline is that you must be realistic while trading. You can love a specific currency, but that may not bring the desired level of success. Additionally, the trading strategies are like a compass that will show the path of success, but it is the discipline and realistic decisions that will lead to the glory. So, act like a disciplinarian and make realistic decisions to be a successful trader.

02. Patience and Professionalism: Patience and professionalism walk on the same path and brings optimum level of success. Now, there are plenty of traders that are not patient and lack the professionalism while trading. These traders are bound to lose all the money in the long-run. Take the time to educate yourself about Forex trading and be patient whilst learning the trades of a professional.

Wait for a good opportunity to come and don't make decisions by emotions. Successful traders wait for a good opportunity and don't let emotions such as fear, greed, and pride impede their Forex trading. So, be patient and be a professional for becoming a successful trader.

03. Perseverance: Success and failure are complementary things. Many successful Forex traders lose their entire money in the first place and were the prime example of ultimate failure. Conversely, they didn't get depressed rather they analyzed their mistake and hold perseverance in their character to overcome the failure.

It is a common thing that beginners will fail and lose money, but if you don't learn from failure, then it's the biggest mistake. Perseverance and willingness to learn from the mistakes are two important things that successful traders always hold.

04. Rationality: Rational people are more successful than irrational ones and it's a damn truth for every profession. A Forex trader who takes the Forex trading as a part-time job or thinks it as a hobby will never be successful. In order to be a winner in Forex, you must take the Forex trading seriously and consider this as a business that you must build with utmost care.

Changing the outlook towards the Forex trading makes it easier to succeed and the successful traders always tell that never take things for granted while trading and never treats it as a hobby. So, be rational and take Forex trading as your most important business.

05. Goal Oriented: Objective thinking and a disciplinary approach constantly brings success on board. A successful Forex trader has unique goals to reach that separate them from the rest. There is a saying that 'a goal without a life is like a ship without radar' and Forex trading is not different from this logic. It doesn't matter how big or small the goal is, but you ought to have goals while trading. So, set goals and takes specific actions to reach those goals.

To sum up the article, I would like to say that emulating these traits will not be enough to be a successful trader because everyone is different. However, you can note from these characteristics and implement them in your trading to become a successful trader.

This article reveals the top qualities of a successful Forex Trader. If you follow these qualities and implement in your character, then I assure that you will be a winner. So, read the article carefully and become a successful Forex Trader.

Article Source: Top Five Qualities of a Successful Forex Trader

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