Some traders prefer trading forex pairs in small volumes instead of the so-called “majors.” Find out which currency pairs are at risk of being “thinly traded” in this article. Low liquidity Forex liquidity refers to how much money flows through the market at any time. The liquidity of a trading instrument can be easily sold […]
Trader’s Guide for Risky Currency Pairs Read More »
You might think becoming a full-time Forex trader is easy, but it’s far from it. Only the disciplined can make a living in Forex trading, an environment of constant ups and downs. The key is to understand what you’re getting into before you begin. To give you a sense of what Forex trading is all
Forex Trading Career- Pros And Cons of Being a Forex Trader Read More »
There are two categories of financial market analysis. Among other factors, fundamental analysts consider macroeconomic conditions, earnings, interest rates, and future price movements in predicting price movements, whereas technical analysts think all public information affects price movements. In technical analysis, candlestick price charts help to predict future price movements based on past price movements. Traders
Difference between Hanging Man and Hammer Read More »
Investing in the news is a great opportunity you can’t afford to miss. In the forex market, news trading provides the greatest opportunity for profits since it can generate instant profits within minutes. Traders tend to avoid trading the news because it can be intimidating, and they exit their positions before major events or move
The 4 Best Forex Trading Strategies for Trading News Read More »
An industrial production index is a monthly economic indicator that measures real output in many industries, including manufacturing, mining, electric, and gas. The Federal Reserve Board (FRB) publishes it in the middle of every month, and the Conference Board, an economic think tank led by its members, reports on it. At the end of every
Industrial Production Data, What Does a Trader Need to Know? Read More »
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
Dealing Desk vs. No Dealing Desk Read More »
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
What is Simulated Forex Trading? Read More »
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
Forex Target Trading- What is it? Read More »
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 »
