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So far TP has created 37 blog entries.

Other Economic Indicators

The economic calendar includes the publication of numerous macroeconomic data. Longer-term investors examine various indicators and their changes over time to ascertain the overall direction of economic development. Shorter-term market participants, such as traders, focus on current data. Often, their goal is to open a trading position when an indicator surprises forecasts – for example, 200K new jobs opened versus [...]


Labour Force

The labour market, made up of employers and job applicants, is a determinant of the economic development of any country. Its current state and prospects are the result of many factors – demographic profile of the population, quality of education, business climate, rule of law, etc. The labour market gives its reflection both at the micro (household or individual company) [...]


Gross Domestic Product (GDP)

Gross Domestic Product (GDP) measures the market value of all final goods and services produced over a given time period. It is its broad scope that makes it a summary indicator of the state of an economy. GDP growth rates are often the basis for monetary and fiscal decisions. For these reasons, it is observed with particular interest by the [...]



Inflation reflects the change in the price of a basket of goods and services over a period of time. If this basket was worth 100 units of currency at the previous measurement and is worth 102 units today, the inflation rate would be 2%. This indicator practically shows by how much the purchasing power of the local currency has fallen. [...]


Intro to Macroeconomics

Macroeconomics explores key areas of economic life at a national, regional or global level. These include GDP growth, inflation, unemployment, etc. Fundamental analysis examines various macroeconomic indicators to identify certain trends and predict their impact over the value of currencies. For example, high GDP growth, combined with rising inflation and rising interest rates in the US, versus declining growth, inflation [...]


What is Forex?

Forex or FX is an abbreviation of "Foreign Exchange". Foreign exchange trading has been among the most dynamic financial markets in recent decades. The daily trading volume can exceed 6 trillion dollars, making it one of the most liquid asset classes. By its very nature, the forex market is an exchange of one currency for another at a specific transaction [...]


Risk Management

When more than one position opens up, risk management methods more akin to traditional portfolio management come to the rescue. Compared to trading, portfolio management is characterized by longer-term investment objectives and investments in different asset classes (stocks, bonds, commodities, derivatives). Their selection and relative weightings are made in a way aimed at achieving a certain risk profile. The portfolio [...]


Money Management

Money management focuses on the potential effects on the trading account from the execution of every single trade. In the optimistic scenario, each position will be profitable. But in the realistic one, stops will be hit, thereby realizing losses. Losing positions are an inevitable part of foreign exchange trading. The real goal for traders is to keep the number of [...]


Intro to Risk Management

Foreign exchange trading is high-risk. In practice, a trading account could be zeroed within hours. Every trader needs a clearly defined risk management strategy in order to achieve positive and consistent results. There are two main methods of risk control. Depending on the trading strategy, one, the other or both are used together. The first approach evaluates individually the impact [...]



When it comes to centralized trading, such as equity trading, information on traded volumes is public and easily accessible. This is not the case with foreign exchange markets, which are decentralized. Trading data is not aggregated – there is no information on the number of trades and their monetary volume. Are volume indicators meaningless in forex trading then? No, on [...]

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