Looking at a candlestick, bar or a line chart for the very first time is both captivating yet confusing. The typical response we hear from newer traders is that it reminds them of a hospital’s heart monitor. While this medical appliance is designed to monitor the...
Articles
How Global Events Can Affect the Foreign Exchange Market
Over the direction of the previous two decades, the foreign exchange market has grown into the world’s biggest monetary venue. In fact, in accordance to the Bank of International Settlements (BIS) Triennial Survey for 2019, the foreign exchange market commonly posts...
5 Things to Consider When Choosing a Forex Broke
So much money is traded on the foreign exchange markets every day that it is one of the hottest investment opportunities around. For this reason, the number of brokers is increasing, and choosing the right broker can be difficult due to the many advertisements...
The Complete Guide to Non-Farm Payrolls (NFP)
The release of nonfarm payroll data is important for both economic policy and financial markets. Learn what nonfarm payrolls are, the upcoming 2021 NFP dates, and how to trade them. What are the Non-Farm Payrolls? Non-Farm Payrolls (NFP) are monthly measures of the...
What Is The US Dollar Index And How Can You Trade It?
What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar...
Best Forex Trading Platform Plan for Profits
For forex trading, you need to have profits for trade. To be an outstanding trader, it’s of utmost importance to approach the trading with an effective plan and see that you are working in the trade as per rules of this financial world. To achieve this, you need to...
How To Forecast Forex?
In order to forecast future movements in exchange rates using past market data, traders need to look for patterns and signals. Previous price movements cause patterns to emerge, which technical analysis try to identify the forex trading business. Economic models are a...
How To Trade Forex Currency Pairs?
Currencies are traded through a “forex broker” or “CFD provider” and are traded in pairs. Currencies are quoted in relation to another currency. For example, the Euro and the U.S dollar [EUR\USD] or the British pound and the Japanese yen [GBP\JPY].When trader’s trade...
Top Trading Tools For Forex Traders
Trading simulation tools allow investors to review the impact of trades or other investment decisions in a virtual environment before executing the trades with real money. There are number of stock simulators available, including several at major financial sites,...
Difference Between CFD Trading And Investing
A contract for difference [CFD] is a financial contract that pays of the difference in the settlement price between the open and closing trades. CFDs essentially allow investors to trade the direction of securities over the very short term and are especially popular...
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