Before you proceed looking for the best ECN forex broker, you should know what forex is. Forex, FX or the foreign exchange market is a market that is prevalent worldwide that is not bound by rules and limitations. Trading in this type of market does not involve any actual physical contact between and among participants. […]
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The foreign currency exchange market is a huge market where transactions are dealt over the counter between agreeing buyers and sellers from all corners of the world. Because of the decentralized nature of this market (as opposed to the centralized stock market where trading happens in one centralized exchange), the price of any particular currency
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To properly define a forex calendar, think about this: you are holding a planner and in it, you have listed the important events in your life. Things like anniversaries, birth dates, and other special occasions are some of them. Within your planner is a calendar listing the holidays for the year. You also have notes
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Forex news that the Bank of Japan would not undertake new measures to weaken the yen continued the currency’s appreciation against the dollar and the euro. The dollar traded at the range of Y78.44 – Y78.60 while the euro fell to Y97 from Y97.46. The yen has strengthened by 1.4% against the dollar over the
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With little major forex news breaking in the past few days, the euro continued trading flat against the US dollar and held steady at the $1.2400 level on August 7 trading. The only major economic news from the region came out of Italy, with its second quarter Gross Domestic Product (GDP) figures showing that the
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UK forex news from the Bank of England (BoE) caused GBP/USD trading to end at the 1.5655 level, higher than the low of 1.5644 that it had recorded during the August 8 trading. The UK pound had earlier touched that low due to higher-than-expected trade deficit figures although it attempted to stabilize at the 1.5650
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A position calculator proves to be very useful in determining how much a certain trader would be willing to invest or risk for every single deal or trade that he or she will encounter in the foreign exchange market. This process is known as position sizing. Position sizing approaches can be different if you are
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Coming up with the exact size of the position that should be taken when doing actual trading is said to be one of the most essential factors that has to be considered in creating equity in any beginning trader’s account. This can be obtained in a fast and accurate manner using a position calculator. Position
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If you are a trader, you should know that one of the most important tools that you should always bring is the forex position calculator. It is instrumental in managing every single risk that can be encountered along the way. Position sizing is recognized as the key towards better risk management that prevents the scenario
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The forex position calculator is actually working based on the principles of risk and money management. Taken as a unit, risk and money management is sometimes referred to as the art and science of position sizing. Position sizing is considered to be an essential part of the life of any trader who wishes to stay
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