The dollar rose strongly on Friday but remained on track for its biggest weekly fall since late May after weak US economic data meant that expectations for a 1% US Federal Reserve rate hike next week were eased somewhat. The euro fell from more than a two-week high on Thursday as the European Central Bank […]
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Exiting trades on time is one of the most challenging aspects of forex trading. Exiting too late can lead to you losing some profits because no gains were locked in. Exiting early can leave you without potential gains if you hadn’t let the trade run its course. Seeing it on the charts can be highly
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A trader without overtrading experience is the same as a trader who has never even traded before. In time, everyone makes a lot of unnecessarily large trades quickly, in a hurry, and without following the rules. What can be done about this? Trading in Forex can lead to overtrading, a habit most traders have already
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Non-banded oscillators are known as ROC indicators. An indicator shows if a trend has accelerated, slowed, or remained the same. Discover the ROC trading strategy, which is yet another momentum-based strategy. In ROC trading, two concepts are employed: studying the strength of the trend and the possibility of a change in momentum. After reading this
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Forex traders’ most closely watched economic indicator is Gross Domestic Product GDP. The forex market can often suffer wild swings as a result of both the initial release and the following revisions to the influential data. Economists and fundamental traders typically use GDP to assess a nation’s economic health and growth. It is also possible
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Do you know what the Elliott Wave Theory is? As forex trading has become a more popular hobby or profession over the past decade, its popularity has grown significantly. Technical analysis is the most commonly used tool by day traders to help them understand how to trade Forex. To improve the effectiveness of technical analysis,
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The Forex market is no different from any other skill, and learning it can sometimes be challenging. Advanced trading concepts can be challenging to grasp if you don’t understand the basics of the market at the beginning. The majority of beginner traders quit the market within the first year. Whether they lost too much money
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There is a high probability of pump-and-dump scams in the cryptocurrency market. Thinly traded cryptocurrencies are a prime target for scammers and other nefarious actors because many rules are unclear and difficult to enforce. You will be more likely to avoid taking advantage of a pump-and-dump scam if you understand how it works, why cryptocurrency
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While studying the brokerage industry, did you encounter the forex A/B-book model? Perhaps you have been trying to decide which models to use for your brokerage business. As a trader, forex trading appears quite simple: click a button to open an order and wait for the screen to display confirmation of the transaction. What is
Forex Broker Types: A-book vs. B: book Read More »
A part-time forex trader is viable if you are interested in foreign exchange (forex) trading but cannot become a full-time trader. In addition to working a full-time job, you can become a forex trader. However, it will take careful time management and planning. The best time to schedule is at the beginning and end of
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