The USD/CAD currency pair is one of the world’s most commonly traded currency pairs due to the high volume of cross-border trade between the US and Canada. The USD/CAD pair also belongs to the major forex group, as the US Dollar is an influential currency, whereas the Canadian Dollar functions as a commodity. Additionally, the […]
When is the Best Time to Trade USD/CAD? Read More »
Before selecting a forex broker, you must first determine what type of forex broker you would like to trade with. The type of execution model your forex broker uses to perform your forex trades in your live account is equally important as the trading platforms, trading tools, and risk management tools they offer. Forex brokers
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It takes dedication, patience, and experience to succeed in anything, and trading is no exception. Simulated Forex trading allows you to begin trading the market risk-free and conveniently. There are very few differences between this and real trading – the price quotes move the same way, the charting tools are the same, and you can
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Forex traders often use target trading as a strategy to trade. Preemptively establishing profit-taking points, or targets, at which to exit your positions or partially exit them can be achieved by identifying market trends and anticipating price movement. Trading grid strategies involve creating conditional stop-entry orders and setting a profit target for each pending order
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After a mixed start to trading, the Euro held above the 1.06 dollar mark on Friday. At midday, the common currency cost 1.0619 dollars, a slight increase from the previous evening. As of Thursday, the reference rate was set at 1.0633 dollars by the European Central Bank. The trading environment was quiet shortly before Christmas.
EUR/USD Forecast: Euro on track for second weekly profit in a row Read More »
Market conditions remain subdued early Friday as traders in the lead-up to Christmas remain subdued. A monthly report from the German Bundesbank will be released during European trading hours. A report on November’s Personal Consumption Expenditure (PCE) Price Index, the Federal Reserve’s preferred inflation measure, will be released by the US Bureau of Economic Analysis
US PCE inflation data expected before the Long weekend Read More »
When it comes to forex trading, whether or not a trading strategy is good or bad almost entirely determines whether or not it is profitable. The success rate of a trading strategy is the best indicator of its effectiveness. A good trading strategy yields the most profits, while a bad strategy yields a higher loss
Distinguishing Between Good and Bad Trading Strategies Like a Pro Read More »
The global crypto market cap decreased marginally over the last day to $810.31 billion, which led to mixed trading on December 22. Over the last 24 hours, the crypto market volume has decreased by 28.55% to $25.67 billion. Currently, DeFi has a volume of $1.49 billion, making up 5.79 percent of the total crypto market
Top Cryptocurrency Prices Today: Bitcoin and Tether trade flat; Polkadot down over 3% Read More »
After failing to build on the positive macroeconomic news-induced rally, the cryptocurrency market has slipped into a consolidation phase. As a result of the consolidation, the prices of two of the largest assets, Bitcoin (BTC) and Ethereum (ETH) have dropped to familiar levels. Overall, the crypto market capitalization stands at $812.53 billion despite the extended
FTX Fallout Intensifies as Traders Take Defensive Measures Read More »
After a pullback, Fibonacci extensions can be used to estimate how far a price may continue to move after setting profit targets. There is also a possibility of price reversals at extension levels. They are based on Fibonacci ratios (as percentages) and represent connections to points on a chart. 61.8%, 100%, 161.8%, 200%, and 261.8%
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