Internet Trading Game

Executive Summary

The report covers the management of the trading strategies evaluating various factors and recent trends due to coronavirus. Further, it provides an insight into some of the transactions recently done.

Management of Trading Strategies

The number of beginners and advanced Forex strategies may be so large that even the number of traders themselves in the market can exceed. Given all the factors to consider when building successful Forex strategies, this is not at all surprising. The following criteria should be considered when creating successful forex strategies: the financial market characteristics and the economy in general, tools and theories of analysis, and the real skills that beginners possess. To be considered a successful trading strategy, currency trading strategies must meet the following main criteria: The general principle of the strategy must be clearly understood and must contain sufficient information for any trader to be able to apply it practically on electronic trading platforms without complications. There is an important issue that must be mentioned - and it is one of the biggest mistakes in the beginners' thinking that affects their awareness of Forex strategies.

New traders usually perceive the Forex and CFD trading market as a generic market. What they see is charts and indicators that have an impact on the market, and they tend to forget other traders.

Trading and Macroeconomic

Trade and macroeconomic policies are well-known tools of government. What is less known is Communication and how it interacts. Trade officials like to think of trade policy as a tool of protection Industries or as a bargaining tool in international negotiations. In developing countries, which generally have a small tax base, government officials rely on tariff revenue to finance government spending.

On the other hand, central bankers and finance ministries are primarily concerned with inflation, Government budgets, and tax policies, respectively. Central banks generally have domestic monetary targets or inflation as their political goals, while the country's trade performance is just a matter of concern in terms of the external reserve position and / or the emergence of an unsustainable deficit in the current account. Trade and macroeconomic variables do not operate in a vacuum. They are strongly interrelated and interdependent. Before formally explaining the linkages, it may be useful to provide a few intuitive explanations of those linkages. Broadly speaking, the linkages are of two kinds. First, macroeconomic variables, such as national income, employment, price level, aggregate investment and consumption (and hence savings), are affected by trade.4 Trade affects macroeconomic performance in terms of the dynamics of the economy’s growth, its stability, and distribution.

The economy appears to have been hit hard by Covid-19 and government containment measures, either through the external channel or due to lower domestic activity. However, joint work between the government and the central bank should help alleviate the slowdown somewhat, while China's rapid recovery poses positive risks. Focus Economics committee members expect GDP to contract by 3.6% in 2020, down 3.9 percentage points from last month's forecast. In 2021, the economy grew by 4.1%.

The available data showed a mixed picture of the economy in the first quarter of the year. Despite declining consumer confidence and declining sentiment in March, real estate prices continued to rise in the same month, the job market showed unexpected numbers and retail sales rose with panic buying. However, tumbling consumer confidence in April suggests the economy will be hit harder by the coronavirus pandemic in the second quarter. Meanwhile, in politics, on 8 April Parliament approved a record AUD 130 billion (USD 80 billion) jobs-rescue plan aimed at underpinning wages and supporting a recovery; this, together with the impact on debt from previous fiscal stimulus, prompted S&P Global Ratings to lower the outlook of the country’s AAA rating to negative from stable. At the end of March, the government tightened rules on foreign takeovers to prevent foreign investors from buying strategically important companies cheaply.

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