Author archives: zahir

  • AUD/USD Drops Amid Inflation Lowers, Mixed Chinese PMIs

    AUD/USD Drops Amid Inflation Lowers, Mixed Chinese PMIs

    Nov 30, 22 • 67 Views • Top News No Comments

    A slowdown in local economic activity and a missed Chinese PMI caused the Australian dollar to decline twice today. In the days following the hype, the currency was roughly at its starting point before rising above 67 cents. In October, the Chinese PMI came...

  • Russia to Use Yuan in Place of Dollar

    Russia to Use Yuan in Place of Dollar

    Nov 30, 22 • 71 Views • Top News No Comments

    Due to Western sanctions imposed against Moscow after the outbreak of the Ukraine conflict, Wang’s plans changed. Russian banks and many companies could not access dollar and euro payment systems. Currently, she is preparing to invest in bearings in...

  • Australia's Gold Production Plummets in Q3 2022

    Australia’s Gold Production Plummets in Q3 2022

    Nov 30, 22 • 68 Views • Top News No Comments

    Australia and Russia have long been competing for second place in the list of largest gold producers after China. However, with China’s production downturn, there appears to be a chance that one of the two contenders could rise to the world’s top...

  • China's COVID-led Chaos Scares Market Optimism

    China’s COVID-led Chaos Scares Market Optimism

    Nov 28, 22 • 125 Views • Top News Comments Off on China’s COVID-led Chaos Scares Market Optimism

    The dollar edged higher on Monday as protests in China against the government’s COVID-19 policy pushed investors away from riskier assets and sent the Chinese yuan down to more than a two-week low against the safe-haven dollar. Protest against lockdown...

  • How Inflation Affects Forex?

    How Inflation Affects Forex?

    Nov 28, 22 • 134 Views • Forex Trading Articles Comments Off on How Inflation Affects Forex?

    There is great volatility in the currency market, commonly called the Forex. Due to instability, there are only sometimes complex trading options available in the currency market. Liquidity is created in the Forex market by volatility. Investing in a liquid...

  • Building Brain Power For productive Forex Trading

    Building Brain Power For productive Forex Trading

    Nov 28, 22 • 84 Views • Forex Trading Articles Comments Off on Building Brain Power For productive Forex Trading

    A 2012 German book on trading psychology, “Tradingpsychologie”, asserts this thesis. It was the first book of real use to readers and reviewers who had read on the subject. Psychologist and journalist Norman Welz developed a keen interest in the...

  • Best Indicators for Scalping Trading Strategy

    Best Indicators for Scalping Trading Strategy

    Nov 26, 22 • 139 Views • Forex Trading Articles, Forex Trading Strategies Comments Off on Best Indicators for Scalping Trading Strategy

    In a market where ticker tapes never stand still, scalpers profit from small movements. For years, day traders relied on Level 2 bid/ask screens to detect supply and demand imbalances, which differ from the average person’s National Best Bid/Ask Price...

  • Basic Tips to Make Decision-Making Easier as a Forex Trader

    Basic Tips to Make Decision-Making Easier as a Forex Trader

    Nov 23, 22 • 205 Views • Forex Trading Articles Comments Off on Basic Tips to Make Decision-Making Easier as a Forex Trader

    Streamline your decision-making process by following these basic steps. Forex trading careers require a great deal of decision-making. An optimal understanding, clarity, and willpower are necessary for a fast-paced trading environment. To determine your...

  • A Guide to Determining Position Size When Trading Forex

    A Guide to Determining Position Size When Trading Forex

    Nov 23, 22 • 316 Views • Forex Trading Articles Comments Off on A Guide to Determining Position Size When Trading Forex

    Traders need to consider their position size more than their entry and exit points when day trading foreign exchange (forex) rates. Your forex strategy can be the best in the world, but if you take on too much or too little risk, you will either lose or gain...

  • What is a Forward Premium?

    What is a Forward Premium?

    Nov 22, 22 • 319 Views • Forex Trading Articles Comments Off on What is a Forward Premium?

    When a currency’s forward price exceeds its spot price, it is said to have a forward premium. A rising domestic exchange rate against other currencies indicates the market. When the exchange rate increases, the currency’s value decreases, creating...