Basics

The Year of the Metal Rat and the Forex


In Chinese culture, the year of the Rat brings a new cycle of twelve years and comes as a sign of wealth and surplus. The year of Rat in 2020 is considered a “Metal Rat” which signifies that those born in the year of the Rat tend to be reliable and live a stable life.

For many who believe in Chinese zodiac, the year of the rat can mean that they may hold some power and are able to turn unlucky events into fortune, such as with forex trading and investing. Having the right mindset is really the first step and spirit we need to start a new life to achieve prosperity.

Forex trading

In this Lunar New Year, China aimed to truly celebrate abundance and intelligence, despite the Coronavirus, the holiday period was extended. The country is running fast to become the biggest economy worldwide as we covered in previous articles.

China still has problems to solve, but so does every other country.

I became an admirer of Chinese culture a long time ago. Firstly because of its long history of innovation and inventive capacity. Secondly because they must deal with a huge economic challenge, like how to remove millions of people from poverty. Both innovations and economic empowerment are my topics of research.

To invest in forex successfully you must be intelligent in how you approach the trading, and is why we suggest that you sign up to Wiseinvest educational content.

In addition, you can subscribe to Wise signals to increase your chances of finding profitable trading opportunities while managing potential risk.

The best way to trade forex

There are two ways to invest with our AI in forex:

1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.

automated trading with ai bot

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.

2. Manually with AI-Signals.

Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5 and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.

There are five unique variables for each AI signal, and each must be copied exactly, in order to match the performance of the signal as close as possible.

Each AI signal alert consists of the following five data points:

  • Symbol (forex pair)
  • Direction (long or short)
  • Position size (number of units or lots)
  • Take profit (price level to exit with maximum gain)
  • Stop loss (price level to exit with maximum loss)

You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a Professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.

Takeaways

  • China will probably be the biggest economy in the world in the next ten years.
  • Forex trading can be a good way to invest money, with the right trading plan to manage risk/reward potential.
  • According to Chinese Zodiac, Rats are clever, quick thinkers, and successful, yet are content with living a quiet and peaceful life.
  • You can check the latest Wiseinvest forex signals here. Visit the forex broker that we use to trade: FXCM.com.

Did you enjoy reading “The Year of the Rat and the Forex?” See more on our website wiseinvest.ai/education.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. The forex broker Fxcm warns that 69.66% of retail forex traders lose money trading CFDs.

The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.