U.S. GDP Weakest in 26 Years, Jobless Rolls at Record Highs

The smaller than expected downward revision to fourth quarter GDP growth led to a short lived rally in the U.S. dollar. Despite the doom and gloom outlook by some economists and the pessimistic feel on Main Street, recent economic data has not been as weak as everyone expected. Contrary to the overly pessimistic call by economists, GDP growth was revised from -6.2 percent to -6.3 percent in the fourth quarter, far less than the -6.6 percent forecast. GDP growth was still the weakest in 26 years as profits plunged 16.5 percent, the largest decline in 55 years.

Currency traders shrugged off the underlying weakness because the GDP report is backward looking. The smaller revision provides relief but investors are still cautious about believing in a recovery. The unemployment rolls continued to grow with continuing claims hitting 5.56 million, another record high. Weekly jobless claims have increased once again from 644k to 652k last week. Despite the recent improvements in economic data, there is no question that the problems in the labor market are increasing and growing unemployment will stifle any chance of recovery.

Forex Money Management

Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year. In spite of the 60% winning odds 95% of traders will lose because of their poor money management. Money management is the most significant part of any trading system. Most of traders don't understand how important it is.

Software

When it comes to forex trading the forex software you choose is essential. There are so many forex trading companies all competing for your business that choosing the right forex software can be quite a difficult task. Most of the forex software products available offers live online forex trading platforms but what other components are vital when it comes to your forex software.

Get Bonus

For Bonus receipt any type of trading accounts may be opened. Every client has a right to receive the Welcome Bonus in the amount of 30 USD (or it's equivalent in the other currency) to his trading account.

World Wide Stock Exchange

Introduction:

A stock exchange, securities exchange or (in Europe) bourse is a corporation or mutual organization which provides "trading" facilities for stock brokers and traders, to trade stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include: shares issued by companies, unit trusts and other pooled investment products and bonds.

Service:

Customized services and state-of-the-art technology infrastructure, have given us an edge over other exchanges in the region.
Fully automated trading, clearing and settlement system. Internet routed trading facility. Gateway trading (Order Management System).Investors and fund managers can also access information through Display Only Terminal Internet trading facilities available. Order-driven system .Brokers connectivity to KSE through VPN (to ensure security of data).

Online stock trading:

May seem overwhelming at first, with many new and strange terms to learn. But we intentionally took extra measures to make it much more understandable for you to learn. Try out our newsletter or purchase our e-book if you are in a hurry to learn. We will ship it out to you via Priority mail, so you will receive it within 3 days.

Direct Access and Day Trading Resources:

As well as offering multiple direct access trading platforms and low per share or per ticket commissions, TradePro also partners with some of the industry's best active trading service providers including SortWizard, Black Box Brokers, and others; see our resources page for a complete list.