EBÈNE, MAURITIUS--(Marketwire - Nov. 30, 2012) - Going into December, investment risk appetite has improved on strengthening Chinese economic data, with a possible compromise on the fiscal cliff in the coming weeks or months, but worries still prevail in the broad environment. See the latest market developments in leading global foreign exchange trader, educator and author Mario Sant Singh's Daily Market Report articles.
During November, Mario looked at the U.S. fiscal cliff and the IMF Euro Zone loan, and Forex transaction performance, in his AskMarioSingh.com blog, "Your toughest Forex Questions answered daily."
According to Mario, "With debt levels mounting for many major economies, the situation will worsen as they attempt to print their way out through monetary stimulus. The Euro Zone sovereign debt crisis has not improved, and Spain may need a bailout in the near future with its debt-to-GDP (Gross Domestic Product) ratio close to 100 percent and a quarter of its population unemployed. Italy is in the same boat with a debt-to-GDP ratio of close to 120 percent.
"The underlying problems," said Mario, "are the lack of sustainable growth, a weak employment market and stubbornly high unemployment. Injecting fresh money into the system and enforcing debilitating austerity measures cannot solve these problems," he added.
On Forex trading performance, questions were asked about how the FXPRIMUS Oktoberfest Top Trader contest winner made a 4186.00% gain in one month. Said Mario, "In Forex, you can go Long or Short at any time, giving maximum flexibility to ride an ongoing trend or cut losses fast and take advantage of a change in market direction. If you know how to play the game, a 4000% gain is possible, but not common."
"And the Forex Market saw tremendous volatility in the last month," added Mario, "due to the ongoing sovereign debt crisis in Europe, the slowdown in China and the upcoming fiscal cliff in the U.S. In contrast to other financial markets, volatility is a Forex trader's best friend because it allows capitalization on sudden movements to make quick gains," he explained.
Click here to read this week's Market Brief of the Week, which also keeps traders up to date.
The views of Mario Sant Singh - who is Director or Training & Education at FXPRIMUS, are widely sought after in the Forex industry. His popular blog, his weekly market webinar, his briefs and reports provide direct channels for some of the best-informed educational resources that new and experienced traders can access to improve their knowledge of Forex and related investment markets.
During November, the top ten Forex trading questions (click the links for the answers) were:
1. Will the U.S. "fiscal cliff" significantly impact the global economy next year? If so, what industries will be most affected?
2. I've read about the Reserve Bank of Australia (RBA) printing more money to defend its currency. How long will it take to affect the AUD from appreciating further?
3. What is the connection between countries like the U.S. and UK, or the Euro Zone and others, and how does it affect Forex trading?
4. You mentioned that the International Monetary Fund (IMF) provided EUR200 billion to the Euro Zone. How will this loan help the debt crisis?
5. How will the market react if President Obama succeeds in dealing with "fiscal cliff"? Will the market adopt a "risk on" sentiment?
6. Is it wrong to aim for 5 pips in 10 shots, instead of 50 pips in one shot according to your trade calls?
7. How do I keep my account strong if I buy or sell at the wrong time?
8. What can I do to cover the initial costs of trading?
9. How is a 4186% gain possible?
10. Why do some charts look different when you use different brokers?
Have a new question for Mario? Then ask him online at AskMarioSingh.com, and sign up to receive Mario's Forex Answer of the Day, by email.
ABOUT MARIO SANT SINGH
Mario Singh is the Director of Trading & Education at global retail Forex brokerage FXPRIMUS. He has appeared as a guest expert on CNBC more than 35 times to talk about foreign exchange markets, and is a regular contributor to top investment publications and online portals. Known as a brilliant and intense communicator with a unique ability to 'keep Forex simple' and a mission to help every man-in-the-street to trade profitably and responsibly in the Forex market, more than 20,000 people have attended his Forex trading programs. He is the only Forex trader in Asia invited to train Julius Baer Private Bankers - the third largest Swiss Bank, and is the author of the forthcoming book: How to Profit in the Forex Market: 17 Proven Strategies (Wiley Publishing).
FXPRIMUS offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents FXPRIMUS combines an unmatched level of fund safety with regular independent audits of company financials and Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, ISO 27001 certification in Information Security and an industry-leading trader toolset that includes free access to powerful trader tools and personal coaching via FXPRIMUS Coach FXPRIMUS truly is The Safest Place To Trade.