One of the main considerations you must take into account when choosing a forex broker is the kind of trading platform they offer for your use. Different brokers have different trading platforms. Some are proprietary while others are made by third party providers for public use. You cannot undermine the importance of choosing the most […]
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Wave analysis is based upon the Elliott Wave Principle which recognizes the underlying market psychology as the real driving force behind price movements. The Wave Principle is basically a graphical illustration of how the crowd vacillates from the extreme point of pessimism at the bottom of the chart to the extreme point of optimism at
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The Elliot Wave is a popular method of analyzing the forex markets to identify trading opportunities. It is based on the theory that the markets would reflect nature and prices would move in a five wave pattern. Of these, the first, third and fifth would be upwaves, which are separated by downwaves (waves two and
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Forex charting software is one of the essential tools of the currency trader. This software allows him to identify chart patterns so that he can detect trading opportunities. It is available as a plug-in to be added to trading platforms such as MetaTrader 4, as well as web-based versions that don’t require the program to
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No one can undermine the importance of a forex calendar to a foreign currency trader. In fact, every dyed-in-the-wool forex trader cannot do without it. They are always on the lookout for clues on when the market can possibly go ballistic. To them, volatility breeds plenty of trading opportunities. While most conservative traders would normally
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When trading currencies in the foreign exchange market, a trader initially registers for a trading account and deposits an amount. For the commencement of any trading activity, his deposit should meet a trading platform’s requirements. In the event that a trader is interested in engaging in further trades regardless of limited funds, he should know
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White labeling is increasingly becoming popular in the foreign exchange market. Since it is stringed with a load of benefits, many product makers and product developers have adopted the practice; many have registered for accounts on trading platforms that offer the program. But, while others are making it part of their game plan, a few
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The price of oil (August Brent futures) on Tuesday, June 22, during the Asin session, increased above $ 74 per barrel of Brent. Participants in the black gold market are trying to stabilize oil prices amid hopes for an increase in demand for hydrocarbons in the summer due to the gradual lifting of covid restrictions
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An outstanding feature of top trading platforms is minimal latency; it is described as the ability to accomplish order execution fast. Usually, once relevant data are set into the software programs and the trading venues are specified, the order execution is done in the blink of an eye. In the world of foreign exchange, it
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Quantitative easing is a distinct class of monetary policy that central banks recently started implementing because the traditional way of conducting monetary policy, which involves moving short-term interest rates, was no longer workable. Central banks regularly move short-term interest rates to control the prevailing interest rates in the economy through the interbank market – rates
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