SINGAPORE, SINGAPORE — (Marketwired) — 05/01/13 — Going into May 2013 after a month in which the JPY continued selling-off, gold might remain under pressure in a “deflation” environment – based on economic releases, after a long period of central bank easing programs. Fundamentals for metals look bearish at the moment and China-s near-term growth outlook looks dim.
During April, , Director of Trading & Education at – whose views are widely sought after in the Forex industry, looked at the KRW, the JPY and the GBP and at trading styles for people with day-jobs, amongst other topics, in his blog, “”.
The Korean economy is expected to grow this year due to an export boost resulting from recovery in the U.S., and the Chinese economy, but a slumping Korean real estate market and major household debts will slow this growth, while the Bank of Japan (BoJ) continues to weaken the JPY in the long term through aggressive monetary policy, and the USD may depreciate due to ongoing quantitative easing, with the EUR expected to weaken further due to the continuous Euro Zone recession.
“Looking at the USDJPY,” said Mario, “it is obvious that the Yen weakened over the past four months, and that the Japanese government will continue interfering with the Forex market to weaken the Yen to boost exports and reach a higher inflation target. In the UK, Bank of England (BoE) intend to weaken the Pound to stimulate economic growth, and I expect the Yen and Pound sell-off will continue in the long term,” he said.
On trading styles for people with day-jobs, Mario recommended trading in higher time frames like swing or position trading, as having a day job doesn-t allow for frequent market monitoring so trading in lower time frames with scalping or day trading might not be suitable. Mario recommended considering the use of an Expert Advisor (EA) to help trigger trades automatically. EAs that give control, include “” from , which allows a trader to follow profitable trades executed by other traders.
During April, the top ten Forex trading questions (click the links for the answers) were:
1.Question from Tansl:
2.Question from Simon:
3.Question from Abhi:
4.Question from Mikuan:
5.Question from Ron:
6.Question from Dama Huaren:
7.Question from AlexNg:
8.Question from Joshua:
9.Question from Incaman:
10.Question from Isaac:
, his , his and and his new provide some of the best-informed directly-accessible educational resources that new and experienced traders can utilise to improve their knowledge of Forex and related investment markets.
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 Training & 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 ICBC, China-s largest commercial bank. Mario is also author of the best-selling book, .
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