On December 5, the price cap will take effect. Penalties may apply to cargo in transit that arrives at the buyer after December 5. In the West’s economic struggle with Russia, the Biden administration is seeking to allay industry fears of a new sanctions regime by imposing a price cap on Russian oil. An embargo […]
US in No Hurry to Cap the Price of Russian Oil Read More »
On Friday, the yen fell as the BOJ remained dovish while the dollar struggled to recover from losses earlier in the week amid expectations that the Federal Reserve’s aggressive rate hikes would ease. Following the BoJ’s commitment to keeping 10-year bond yields close to 0%, the dollar rose 0.8% to 147.43 against the yen. “We
Dollar Bounce Back Hurts Yen and Others Read More »
In backtesting, a strategy or concept is tested for past profitability manually or systematically. To determine if a trading strategy shows promise and profitability in several markets, a trader can backtest a strategy manually or with backtesting software. This article will focus on manual backtesting since backtesting does not always require software and can be
How Do You Backtest Effectively? Read More »
Foreign exchange markets (forex) are among the world’s most accessible day trading markets because of their low entry barriers. Starting day trading shouldn’t be difficult if you have a computer, an internet connection, and a few hundred dollars. A quick profit can’t be expected from this easy entry, however. These four common mistakes, the main
Mistakes That Day Traders Usually Make Read More »
A foreign exchange market (forex) is a 24-hour market for trading world currencies. Some see it as a way of changing one currency into another. The exchange of currencies from around the world occurs primarily by multinational corporations conducting business globally. Additionally, traders bet on the movement of currencies relative to one another on the
Ways to Trade Currencies in a Foreign Market Read More »
Trading, in particular, is a demanding aspect of the financial market and requires much more effort and preparation. Trading requires constant updates and keeping up with market developments. How can a trader keep his knowledge and awareness level sharp and ready? Reading analysis reports is one of the best practices, even a prerequisite for successful
Why Traders Should Read Analysis Reports? Read More »
Are you planning to quit forex trading? This is probably one of the traps you’ve fallen for! Many people don’t trade for various reasons, but that doesn’t mean you should give up. You’ll have a hard time getting it right if you try to do forex trading. Approximately 96% of forex traders lose money! However,
Why People Quit Forex Trading and How to Prevent it? Read More »
This is the right place if you’re looking for information on trading GBP/USD! The United Kingdom has the fifth-largest economy in the world, while the United States has the largest. Forex traders need to trade GBP/USD because of these dynamics. Now could also be one of the best times in history to learn how to
What Creates Volatility in GBP/USD? Read More »
In the Forex market, some form of automation is necessary. Markets run 24/7, which explains why. Therefore, the value of investor holdings and their net worth change continuously. It is, therefore, possible for an open position’s monetary value to change if not managed properly drastically. Additionally, you cannot actively manage the positions manually 24×7 unless
Types of Orders in Forex Trading Read More »
When you know what you are looking for, you can use harmonic patterns to spot new trading opportunities and pricing trends. Check out this article to learn about the top harmonic patterns and how to apply them effectively. What are harmonic patterns? The harmonic pattern is a chart pattern that is part of a trading
Top 3 Harmonic Patterns Every Trader Should Know Read More »
