Pablo Soria de Lachica - Explains the Correlation Between Economic Movements and Forex Trading
(firmenpresse) - MEXICO CITY, MEXICO -- (Marketwired) -- 08/01/15 -- A seasoned expert in the Forex trading market, truly understands what it takes to succeed in this type of trading. He strives to educate clients about the dangers of passing fads and the keys to comprehending strategies instead. "People will try many different things to try to get ahead," he says. " However, at the end of the day, in order to be successful at Forex trading, knowing that there is a correlation between global economic movements and this market is a must."
strives to educate both beginner and seasoned investors: "The potential for large gains is definitely there," he says. "And while many people might start out netting a large gain, they will quickly learn how fickle this market can be when they turn around and lose all of it." According to Soria de Lachica, the key is to follow the economic movements when trading in this medium, "Developments such as political announcements, new unemployment data, and central bank statements can all play a role in the value of the currency that you are trading."
Investors should learn about market movements with a process called Fundamental Analysis, which allows them to analyze the economic outlook of a country in terms of the global community. "When dealing with employment data," recommends, "You should look at the unemployment rate, the jobless claims, the employment change, and possibly the non-farm employment change as well." Soria de Lachica also shares information about evaluating the economic data of a country in order to be a successful Forex trader: "I mainly look at the Trade Balance and the Gross Domestic Product and data indicating inflation." Finally, the financial expert factors in data from the European Central Bank, the Federal Reserve, and the Federal Open Market Committee, with a particular interest in whether they are going to raise interest rates.
The main goal of has been not only to advise clients but also to educate them. After graduating from Universidad Tecnologico de Mexico (UNITEC) with a Master of Business Administration degree, he quickly rose to the top of the Forex market and is currently the Director of Business Development at Bforex, a Panama City based currency trading firm that has 18 offices throughout the globe. Soria de Lachica is involved in numerous philanthropic endeavors as both a participant and a contributor, with a special focus on environmental causes.
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Datum: 01.08.2015 - 18:50 Uhr
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