A key factor for success in Forex, commodities and stock markets is the psychological capacity of the investor to take the financial risk and act under pressure. All operators in the derivatives OTC market should be capable of selective thinking, the ability to accept losses and avoid pressure on the market. Capacity selective thinking - the separation of the operator's own reflections and forecasts of market position in the market had in progress. Reflection on the market around the time the position is held mostly wishful thinking and has nothing to do with the actual market situation. Often, merchants have no real power gain very good results, but when real money, they are considered unable to obtain similar results.

Another problem with OTC derivatives dealers have not been approved for a certain level of loss. Mostly traders. even if they are close to the station, make some small gains, but losses When the drives are difficult to close because they imagine that when the situation is changing for the better. Such behavior can lead to unlimited risk and exposure, and excessive economic loss, which could otherwise be avoided. And 'the psychology of a professional tells you to believe until the end of a successful conclusion of trade, ignoring the basic principles of money management questions. Ability to avoid market pressure settings based on the know-how to make trading decisions without taking into account the market environment. Operators should be able to choose the information surrounding the "noise" only essential news and not bow to pressure from the environment.

Forex day trading has taken off in popularity. There are many trading systems and methods of choice that offers the opportunity to earn a regular income, but the choice can be daunting. Here we look at the key considerations in choosing the best Forex Trading System. The initial consideration is the reputation that comes with the trading system. You have to be avoided, however, recorded that there is a disclaimer required by the CFTC. Damage sellers prepare their antecedents. This is based solely on ex post facto, and thus to go afterwards is difficult because you do not have price information. In fact, it is clear that the test can learn, but when it comes to day trading, it is difficult to find a trading day is for the simple reason that day trading is not effective.

Also, do not believe the popular myth that foreign exchange transactions no money in the market the day, because really every day traders are not getting any benefit. Why? With Forex Trading involves billions of dollars and millions of people conduct business, it is unlikely that you can calculate what can be done within hours. Otherwise, you must also take into account the random nature of the volatility of short-term prices may vary. So, if no income in the trading day, why is there a proliferation of forex trading systems on the market. The reason is that retailers who sell day trading systems are based on clever copy to attract eager buyers and Hall do not think long before buying the system. They believe that the warning about the history, thinking that would give them the opportunity to earn a similar income. But of course, is unlikely.

The real value of trading systems today is that the dealer wins by pushing the transmission system is so ignorant that puzzled wonder why they lose in the market. So the next time a seller sells a forex trading system day, you, do not fall into the trap. No money at the time of forex trading systems and does not work. Otherwise, it could be the losers of the operation.

While returning to the gold standard or the adoption of flexible exchange rates increase the speed at which the balance of payments, the abolition of automated response to the balance of payments. Other plans would leave the adjustment mechanism is largely unaffected. They would instead increase the supply of liquidity, said, reserves and borrowing capacity, and thus time the balance of payments adjustments can be made. By increasing the amount of reserves available for a deficit country, he may be able to mount its deficit without changing prices and income --- the gap can not be decisive, and they can go back in time. At least, if the price and income changes is required, additional reserves to make these changes relatively less painful to stretch over a longer period.

Most of the innovations to the Bretton Woods system is in this direction, such as increased liquidity. For example, currency swaps, and dozens of group lending: the temporary placement of funds in the hands of other countries of the deficit. But there is opposition to increase liquidity schemes. A school has argued that all matters into account the current system has worked quite well. This school believes that the current system can deal with liquidity problems for the future. Not surprisingly, tends to be a position of IMF officials and staff. Others argue that the creation of excess liquidity as a substitute for more effective monitoring mechanism is dangerous. excess reserves are told simply to slow down and make the crisis worse when it finally arrives. This kind of criticism is usually offered to advocates of flexible exchange rates, adjusting the focus is on liquidity.

And the reform seems inevitable. Therefore, assuming that this "adjustment" exchange rate system will remain largely as is, with less and no more adjustments in exchange rates, other changes in the current system is necessary to meet their growing deficiencies operational. Two particular gaps receive attention from those who want to increase reserves. First, countries with a reserve currency of the deficit, but the persistent deficit undermines confidence in the quality of the reserve () changes. But when the deficit is eliminated, reducing the pace of world reserves, and perhaps the paucity of supply. Dilemma are international monetary crisis has caused. Secondly, without a new source of growth in reserves, insufficient reserves will increase future pressure for more restrictive measures against free trade and capital flows or income of more radical adjustments and the price when the rhythm, adjustments are necessary in order.

Since the price increase in Australia is expected to exceed the 2% target the central bank's inflation data may lead to AUD / USD to expand the tournament the previous week as investors speculate on a rise rates in August. Related Articles: Euro ■ Guard closely after a stress test, British Columbia Pound extends short-term rally ■ three-month Euribor jumped to its highest level since July 2009 ■ EUR / USD test of resistance rates Scalping Opportunity ■ a positive influence on the actions and Tumble on Dollar would not take more than 80 gross

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The publication of the results of the exercise test, which covers 65% of the banking sector of the European Union, the event will be Friday. Although the official launch is scheduled for 6:00 CET (the press conference will be held on CEBS 2 hours later), the unofficial results are expected to arrive today. El Pais has reported on some of the 18 banks included in the Spanish stress test does not approve.

Stress tests under the spotlight resistance test of the European banking sector is very controversial. Firstly, the criteria taken into account is unclear. There is no consensus on the threshold where the results will be the feeling of support. Goldman Sachs, based on its own investigation, expects that 10 of the 91 financial institutions covered by the test will not give them the necessary capital and would reach 37 billion euros. Nomura analysts estimate that 10 banks failed stress test, but they felt necessary injection could be up to 75 billion euros. They also indicate that the problems of 30 to 40 banks with combined capital of 100 billion euro would be a necessary sign of an emergency. UBS expects 10-20 banks do not test. On the basis of all estimates, a consensus would be 10-15 banks in difficulty and need about 30 billion euro capital injection. It is far less than $ 74 billion added to the U.S. banking sector.

Wall Street on Wednesday, gaining after Wall Street sell-off caused by Ben Bernanke, who described the U.S. economic outlook unusually uncertain, the last session ended on a strong growth. S & P 500 was up 2.25% at 1093.67 pts. Nasdaq 2.68% at 2245.89 pts. Good atmosphere figures in the European market, intermediate from the U.S. and Europe have been the impetus for the expectations of the bulls. Friday program in addition to the results of stress tests, the IFO index, a second quarter GDP growth forecasts for Britain and Canada, published in the CPI is also scheduled on Friday.