Zimbabwe will produce bank notes equal to US dollar

Zimbabwean authorities decided to issue banknotes, which will be equal to the US dollar at a ratio of 1:1, according to the British BBC Radio and Television.
This decision is due to a shortage of cash in the country of US dollars, which since 2009 in Zimbabwe are legal tender along with South African rand.
It is planned to print Zimbabwean own banknotes in denominations of two, five, 10 and 20 dollars, which will be equal to USD. Financial support for this idea of ​​the Zimbabwean authorities in the amount of $240 million came from the African Export-Import Bank.
Until 2009, the currency of Zimbabwe have been the Zimbabwean dollar, but due to the huge inflation, it was decided to abandon the national currency, to stop its release and move to settlements in US dollars and South African rands.

ECB: the issue of 500 euro bills will be discontinued by the end of 2018

The European Central Bank (ECB) has decided to stop production of 500 euro banknotes by the end of 2018, noting that their use can "contribute to illegal operations".
According to the report of the ECB, all of the outstanding bills of 500 euros will retain their value and can still be used as a means of payment and may be exchanged at the central bank of the Eurozone members for any period.
The European Central Bank will begin production of 100 euro and 200 euro banknotes in the series "Europe" with the termination of the release of 500 euro notes, says the report.
Banknotes with the highest nominal value is believed to be widely used for payments in the criminal business, such as drug trafficking or money laundering.
At the end of 2015, 500 bills were 3% of the total number of banknotes in circulation, representing at the same time 28% of their total cost. According to the monthly statistics published by the ECB on the circulation of euro banknotes, the number of banknotes of 500 euros was nearly 613.56 million units, down to 594.417 million units by the completion of the 1st quarter.

The yen was losing ground against the US dollar, the Australian dollar is growing

Yen is showing signs of fatigue on Thursday, retreating from recent highs, while the dollar is supported by optimistic expectations that the US economy could bounce back after losing pace in the first quarter.
By 7.00 GMT the dollar gained 0.01 percent against the yen to 107.02 yen, moving away from a minimum of 18 months to 105.55 yen reached on Tuesday. Euro grew to 122.90 yen from Friday's figure of 121.665 yen - a minimum of three years.
The Australian dollar rose against the US dollar, gaining 0.5 percent to $0.7499 due to strong economic data, in particular, retail sales in March.
The euro rose against the dollar by 0.01 percent to $1.1486, while continuing to strengthen after reaching a peak of eight months at $1.1616 earlier this week.

Gold prices continue to rise amid the decline of the US dollar

Gold prices last week rose to their highest level in 15 months, received support from the weakening US dollar. The gold futures for June rose by 1.9 percent to 1290.50 dollars an ounce, and the price increase was observed for the fifth consecutive day. Gold prices in Friday's session reached 1299 dollars, which is the highest value since January 2015.
In addition, the rise in prices last week was the most significant of 17 March, when prices rose by 2.9%. The dollar fell to its lowest level since May 2015.
The weakening of the dollar generally increases the price of gold, as the precious metal becomes more affordable for holders of other currencies. Last week the dollar fell by 2%, as the Federal Reserve in the country predicted that the pace of interest rate increases will slow this year.
The Bank of Japan on Thursday left its monetary policy unchanged, which led to a sharp rise in the yen against the dollar. So she created a kind of chaos in financial markets, said the analyst, as according to him, these conditions will surely support gold.

SMART TRADER UK: 11TH – 14TH MAY

ActivTrades launches its first UK trading tour - Smart Trader UK. This tour will last 4 days and it will be presented by speakers Gavin Holmes and Darron Jobling.
During each of the four seminars you will learn essential strategies, as well as  psychology needed to begin or enhance your trading. You will also have the opportunity to ask technical questions and network with other traders.
The programme of each seminar is as follows:
17.30 - 18.50:
Introductory Video, an overview of the seminar.
Creating an enlightened trading strategy.
18.50:
Networking with food and drink. During this session you will interact with AtctivTrades trading team, other traders and investors, also you would be able to test trading platforms and tools.
19.20 - 21.00:
During this session you will learn how to how to trade news and how to manage your trading process.
For more information and to register follow this link.

Trading bots

If you ever see an advert for 100% successful bot, it would probably be a lie. It surprise me how many people actually believe they can buy something which can generate them profit forever. You would get millionaire in no time, don't you think so ?

So, have you ever tried to trade using bots? I have tried it and I think that they are very useful if you do not expect them to do the magic. As you know, I am not a full time trader, I have a job and I have not much time for trading. Here the bots help. You create the plan for executing trades and while you are working, the bots do the trading for you. Then you get the results and start analyzing. This way the bots come in handy.

Comfort zone

I know a lot of traders and more or less I learned the way they trade. Some of them are obviously better than the others and I start wondering why is that way. Where is the difference between them. I noticed difference in their behavior. The group with the better results was never afraid of trying new things. Moreover they was doing it on purpose On the other side, the weaker group was always trading one way. They were trying out one system hundred times, hoping for different results. They had no idea what to do when things got out of control. They were not prepared for that.

I think that stepping out of the comfort zone was the difference between them.