Today, the Euro slipped against the US Dollar after Greece coalition parties failed to approve the bailout package from the Eurozone and International Monetary Fund (IMF). The proposed bailout package includes 130 billion euros ($170 billion) and drastic reform policies such as minimum wage and pension reductions, job cuts and stricter tax enforcements.
Greece’s lack of urgency to finalize the bailout agreement is causing volatile market conditions in the Forex. The Euro fell nearly 100 PIPS in early morning trading hours.
Over the next few weeks, the Forex market should continue to be volatile. Controlling your emotions could help you survive this market activity and as an educated Forex trader, you could find yourself looking past the volatile market to see its trading potential.
For almost 18 years, Market Traders Institute has been educating Forex traders to help prepare them to trade the live market with their one-of-a-kind Forex education. Get an inside glimpse of their Forex education during an upcoming complimentary webinar.
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