Forex news regarding falling commodity prices caused the Canadian dollar to weaken against its American counterpart in August 14 trading as the two currencies struggled to reach parity. During the early part of the trading session, the USD/CAD reached 0.9707, a session low, although it later consolidated at the 0.9913 level. Analysts said the pair […]
Forex News: Canadian Dollar Weakens on Weaker Commodity Prices Read More »
Trading with margins is very much like a double edge sword. It can cut two ways since it can maximize your profits when the price moves favorably to your established position or magnify your losses if you happen to be on the other side of the fence. Many forex traders lose money because they tend
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Without a doubt, it is the huge leverage that retail forex trading provides which attract investors to dabble on it. But if we are to look at the common knowledge that 95% of retail forex traders are losing money on it, it is definitely concerning. It is also telling us that many of these traders
Harnessing the Potentials of Leverage and Margin Trading Read More »
Some forex traders would ask if forex spreads are really necessary. Why could currency pairs simply be bought and sold for their market prices? The answer to this question is simple and straightforward: forex trading is a money-making business. Everybody who gets into forex trading is in it for the money. This includes not only
Are Forex Spreads Necessary? Read More »
Understanding forex spreads is an important part of trading in the foreign exchange market. These spreads can influence the profitability of any forex trading account. It is not enough to ask what spreads your forex brokers are offering. You have to know what this means for your trading account and how it will affect the
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Setting up a forex corporate account is an ideal way for small and medium businesses to make money from the currency markets. Forex brokers provide corporate accounts for businesses who want to trade currencies in high volumes as well as hedging global currencies in the markets. These accounts require clients to deposit larger amounts ($10,000
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To put it plainly and simply, foreign exchange trading involves the acquisition of one currency while concurrently selling another currency. These currencies are referred to as the currency pair and these are required in order to participate in the trade. Usually, the size of every pair of currencies is at or around 100 thousand units.
How Can Mini Lots Protect Your Forex Corporate Account Read More »
There are different kinds of forex charts that you can use in your trading activities. You have to learn about the technical analysis tools available to you in order to successfully reap profits. Your goal in trading should be more sustainable and consistent profits despite the losses that can inevitably happen in some of your
Forex Charts for Navigating the World of Forex Trading Read More »
Your journey to success in forex trading will be influenced by how well you follow the forex charts. There is no single determinant for success in forex trading. There are combinations of factors that come into play in every single trade. The two basic factors that are involved in forex trading are technical analysis and
Forex Charts: Mapping the Course of Trading Read More »
The best ECN forex broker can only be understood if you will know what ECN is. ECN is an abbreviation that stands for Electronic Communications Network. The concept of ECN forex broker is actually something new in the field of foreign exchange trading. What sets the ECN broker apart from the rest of the types
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