Your Top Forex Questions for December, Answered by FXPRIMUS' Mario Sant Singh
FXPRIMUS Director of Education & Training looks at major currencies, trading risks and returns as 2012 ends
(firmenpresse) - EBENE, MAURITIUS -- (Marketwire) -- 12/30/12 -- Ending 2012, Mario looked at the Federal Open Market Committee (FOMC) statement, the Japanese election outcome, the Chinese Government stimulus package, the EURUSD and Forex trading goals, in his blog, "".
Said Mario, "The FOMC decided to buy USD85 billion per month in Treasuries and Mortgage Backed Securities (MBS) and Ben Bernanke said that the Federal Reserve (Fed) would continue this latest Quantitative Easing (QE) stimulus until the U.S. unemployment rate goes below 6.5%. This means that this QE will continue indefinitely and the United States government will incur higher levels of debt, resulting in further weakening of the Dollar during the next 2-5 years.
On Japan and China, he said, "The landslide victory by the Japanese Liberal Democratic Party (LDP) will likely smooth the path for more fiscal stimulus early next year and might result in further weakening of the JPY, while possible Q1 2013 Chinese growth would give support to the AUD and the NZD."
On the EURUSD, he pointed out that the problems surrounding the Euro Zone are far from being resolved and have actually worsened, while the USD is not doing well either because of Quantitative Easing.
On Forex trading, Mario cited a realistic consistent 6% monthly profitability as the target of most retail Forex traders, resulting in a 100% account growth every 12 months, but pointed out that Forex trading can give you a comfortable cashflow only after trading for a significant amount of time, because it takes time and patience to learn the skill. He also pointed out that the market constantly changes and does not adapt to a trader's methodology: it is the trader who must adapt to market conditions.
"This is why analysts must stay at the forefront of breaking news and geo-political events, to best inform traders," said Mario. "Trading profitably is about consistency and risk management. You must learn how to manage risk responsibly to trade profitably," he added.
The views of - who is Director or Training & Education at , are widely sought after in the Forex industry. His , his , his and provide direct channels for some of the best-informed educational resources that new and experienced traders can access to improve their knowledge of Forex and related investment markets.
During December, the top ten Forex trading questions (click the links for the answers) were:
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Have a new question for Mario? Then ask him online at , and sign up to receive Mario's Forex Answer of the Day, by email.
ABOUT MARIO SANT SINGH
is the Director of Trading & Education at . He has appeared as a guest expert on CNBC more than 35 times to talk about foreign exchange markets, and is a regular contributor to top investment publications and online portals. Known as a brilliant and intense communicator with a unique ability to 'keep Forex simple' and a mission to help every man-in-the-street to trade profitably and responsibly in the Forex market, more than 20,000 people have attended his Forex trading programs. He is the only Forex trader in Asia invited to train Julius Baer Private Bankers - the third largest Swiss Bank, and is the author of the forthcoming book: .
ABOUT FXPRIMUS
offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents combines with and Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, and an industry-leading trader toolset that includes free access to and . truly is The Safest Place To Trade.
Contacts:
Kevin De Silva
Director of Marketing at FXPRIMUS
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Datum: 31.12.2012 - 02:15 Uhr
Sprache: Deutsch
News-ID 215921
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EBENE, MAURITIUS
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Investment Opinion
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