Basics

Who are the most important actors for Forex?


When it comes to power in the financial markets, not everyone is equal. Like wealth accumulation, some people have greater influence or purchasing power, while other market participants do not have as much influence.

People become relevant in business when their influence on the market is significant. For example, if you trade more than 1% of the total shares outstanding in the for a given security in the stock market, you trade may impact the market price or trigger the need for a regulatory filing.

This means that traders will greater buying power have greater influence over the market prices than your normal retail investor.

In foreign exchange (forex) markets, we can say that relevant people are those who can change market trends by speech or action. Such persons can be private individuals such as a billionaire investor or the CEO of a company, to various Government officials.

A very concrete example is the President of the USA, Donald Trump, his power and visibility make him one of the most relevant actors in today’s world economy.

When President Trump speaks, especially on economics, the world listens carefully. Consequently, all of Trump’s staff have a relevant position in relation to the influence of the market’s mood.

How people and governments affect markets

The president of Federal Reserve (FED) in the US is another person of interest to follow for their influence on financial market movements. Because the FED has the task of moderating inflation through interest rates and changing the supply of US Dollars, many forex market participants closely watch the FED.

Moving to the European continent, we have the presidents and prime ministers of countries like England, France and Germany as very important people, whose information can be representative of what is happening in the European Union economy.

The president of the European Central Bank (ECB) also has a key role in the international table, comparable to the US FED, except the ECB has primary influence on the euro currency.

We are aware of what will happen to the European economy, now that Brexit has materialized. Now, more than ever, the UK Prime Minister deserves a lot of attention.

In Asia, China represents one of the hottest topics in economic forecasting, and even though its currency does not represent the best option for forex trading, its size and weight in the international trade balance with the major economies are very relevant.

China’s position in the cryptocurrency markets is also very significant, with great bitcoin mining activity (not formally allowed in the country).

Russia, India and Japan are also very relevant to understand who’s who in the world economic theater.

Data is nothing without processing. Information is nothing if it does not reach the receiver, and knowledge only comes through learning and education!

To deal with the large amount of data available from forex pairs you must have the right tools. Wise-Signals provide valuable information for you to make what we believe are the best available trades, just by copying and pasting them at your favorite broker.

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

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With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account and you can monitor the AI trading performance directly on our dashboard.

2. Manually with AI forex 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)

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When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.

Takeaways

  • In the financial markets, some people are more relevant and powerful than others.
  • To make a proper fundamental analysis you must follow all the relevant people in the markets you want to operate.
  • Having the proper tools to follow all the information is key to success in forex trade.Wise automated AI trading and AI forex signals is an example trading tool that is available today that can help take your trading to the next level.

In the market we say: “there is always a bigger fish”, So help yourself and signup to our newsletter to avoid become a bait.

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.