On March 4, 2018 at 7 p.m. Mario Kofler in "Trading on Sunday - Trading Warm-Up for the upcoming trading week" will once again give GKFX traders a comprehensive and informative overview of the new trading week. He reviews and analyzes the most important values for currency pairs, indices and commodities and looks into the economic calendar for the coming week. So on Sunday you already know which publications will be important in the new week and can make a note of them.
In this GKFX webinar, Mario Kolfer also looks back on the past trading week and combines this with an analysis of the current fundamental situation. There is also a preview of interbank trading and a forecast for possible gaps. Participants also have the opportunity to direct their trading questions to the experienced experts.
Now test winner Plus500 and trade
Important currency pairs from dollars to yen
Mario Kofler takes a look at the most important currency pairs every Sunday at "Trading am Sonntag". But what are the most important currency pairs on the foreign exchange market, the largest and most liquid financial market in the world? In Forex trading around the world numerous currencies are traded. But for most traders, only part of it is interesting. Many only trade in the major currencies, the so-called majors.
The majors are all those currencies that are most traded worldwide. There are also the Minors, whose trading volume is significantly lower. The minor usually include currency pairs without the dollar. Rather rarely Exotics are traded. These currency pairs mostly consist of a main currency and a currency from an emerging or developing country.
Major in focus
"Trading on Sunday" is the majors in focus. These are currencies from economically strong countries with significant financial markets. The euro, the dollar, the British pound and the yen from Japan are particularly important here. The Swiss franc is often included in the majors, as it is often referred to as a "safe haven" port in times of crisis and therefore plays an important role in the major currencies. The Australian dollar and the Canadian dollar are also important currencies, since they play an important role in commodities trading.
The most traded currencies
Probably the most important and the most traded currency pair is EUR / USD. The dollar is absolutely a world currency and plays a major role in the international financial world. Most transactions worldwide are carried out in dollars and the gold price is also given in dollars. Oil is also traded in dollars. The dollar is considered the most important reserve currency in the world.
In addition to the dollar, the euro is the second most important reserve currency and therefore also very important in forex trading. The euro is the official currency in 19 EU member states and six other countries. In Asia, the yen plays a major role and is the most important currency there. In the past, the British pound was also considered an important reserve currency and still has an important role in the international financial world today. The Australian dollar and the Canadian dollar are very important due to their importance for commodities trading, because both countries have significant raw material deposits.
Important indices such as Dow Jones or DAX
Indices represent a certain area of the market or the overall market of a country. "Trading am Sonntag" is not only worthwhile for traders who trade CFDs on indices. Indices can show trends for the entire market or reflect the current mood on the market. Almost every country has its own index. The two US indices Dow Jones and S&P 500, the FTSE-100 from Great Britain and the DAX from Germany are of particular importance for the international financial world. The Nikkei-225 from Japan may also be of interest to investors.
Large selection of important raw materials
In the GKFX seminar "Trading on Sunday" it's also about raw materials. But what are the most important raw materials? The largest trading area here is trading in oil. In addition, precious metals such as gold are very important. There are also agricultural commodities such as wheat. Each of these basic values has its own special features. Brokers like GKFX usually offer CFDs on selected commodities. Many traders focus on oil or precious metals as an underlying.
There are also commodity indices such as the J.P. Morgan Commodity Curve Index. It shows the developments in individual commodity sectors. Anyone interested in trading in raw materials should always keep an eye on the global economy. Developments in the United States or China can quickly impact commodities trading. It also makes sense to look at important currencies such as the dollar or the currencies that are closely linked to commodities, such as the Canadian dollar.
Publications and important events in the economic calendar
To prepare for the new trading week, the economic calendar can be a useful tool. Therefore, it is also part of the webinar "Trading on Sunday". Many traders also take a look at the economic calendar at the beginning of each trading day to determine whether there have been any changes.
For example, the webinar contains dates on which economic data, for example on the gross domestic product or the inflation rate. Traders should always be informed about these dates, because often there are fluctuations in the markets in the days before and after such a publication.
Now the test winner Plus500 and trade
Unexpected results bring unrest
In theory, positive and negative reports can cause movement in the financial markets, especially if they deviate from predictions. However, mostly negative reports bring unrest to the market. An economic calendar that can be viewed online shows the expected volatility in addition to the country and the exact date of the event. For example, anyone who primarily trades in the dollar will see what will become important in the US in the next few days.
Trend Analysis Masterclass
Analyze fundamental situation
The fundamental situation illuminates the economic situation a country or a share. The current situation can be better assessed using certain key figures. Here, among other things, the inflation rate, the publication of economic data and decisions by central banks play a role. Mario Kofler explains how the fundamental situation is at the moment and combines this with a review of the last week of trading. It is important to note that only several criteria and key figures form a overall picture from which you can derive results for your trading decisions.
Interbank trading ensures liquidity on the market
In "Trading am Sonntag" Mario Kofler also presents a preview of interbank trading, which is particularly important for forex trading. In interbank trading , banks and other financial institutions trade among themselves with various financial instruments. This ensures liquidity on the market and is therefore also interesting for the general market situation. For banks in interbank trading, the reference interest rates EURIBOR and LIBOR are particularly important, which determine the conditions under which banks borrow money from each other.
Gaps can bring interesting trading opportunities
Gaps, i.e. price gaps, can offer interesting trading opportunities for traders. Mario Kofler explains on Sunday in the GKFX outlook for the new trading week whether there are forecasts for possible gaps for the coming week. Gaps are gaps in the gap between the close of trading on the previous evening and the start of trading the next morning. During this time, overseas trade continues. Therefore, there may be price jumps or losses directly in the morning at the start of trading, which may also affect trading decisions for the rest of the trading day. Surprising messages can also lead to gaps. Especially on Monday morning a gap can arise that traders can use for themselves.
Well-known forex broker GKFX
In Forex trading, the currency pairs are EUR / USD and USD / JPY the most traded on GKFX. Forex trading is possible around the clock from Sunday 11 p.m. to Friday 11 p.m.. GKFX offers 50 currency pairs with spreads from 0.6 pips and leverage up to 400: 1. Trading can start with the MICRO account from a transaction size of 0.01 lot. GKFX guarantees quick execution and low stop loss minimum clearances for commission-free trading. Trading takes place via trading platforms such as MetaTrader 4, where numerous indicators are available.
Experience in CFD trading
If you want to trade CFDs on shares with GKFX , you can do so five percent of the stock value as margin. The underlying stocks include shares from England, Germany and the United States, some of which are from well-known companies. For CFDs on indices, GKFX offers, among other things, the DAX as base value. This can be traded at ten cents per point. For this, a margin of one percent must be deposited. The spread is one point.
Trade raw materials at GKFX
In the area of raw materials, GKFX offers, among other things, crude oil and precious metals. There are two futures contracts on oil that are subject to the prices of the Intercontinental Exchange (ICE) and are quoted in dollars per barrel. In addition to the most important European crude oil Brent, traders at GKFX can also choose WTI (West Texas Intermediate). Those who trade oil at GKFX ultimately trade the oil price. The spreads are very narrow at five points. No commission is charged and trading begins with trade sizes from 0.1 lot.
For precious metals, is gold, silver and copper on offer. Here, too, traders set price movements via CFD trading. Trading can start with trade sizes of 0.1 lot. GKFX also offers raw materials such as palladium, cotton, sugar or coffee. When trading gold and silver, a margin is deposited with GKFX and speculated on price movements. Both raw materials and copper are quoted against the dollar.
Conclusion: "Trading on Sunday" covers many subject areas at the beginning of the week
The GKFX webinar "Trading on Sunday "covers many areas and topics with which traders can prepare for the coming trading week. This is how traders start the new trading week well informed. In addition, many traders also use the other GKFX webinars such as "Trading in the morning" on the opportunities and risks of the new trading days.
The experienced expert Mario Kofler gives in the GKFX webinar "Trading on Sunday - Trading Warm-Up for the upcoming trading week" an overview of the new trading week and answers questions about trading. In addition to a live analysis of the most important values, a look at the economic calendar is particularly important. This will tell you which dates and publications are important in the new week. Interesting trading opportunities often open up around these dates. A look at interbank trading and possible gaps round off the webinar.
Now test winner Plus500 and trade