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 Protests erupted across China and spread to several cities after an apartment fire killed 10 […]
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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 market increases your chances of reaping whirlwind gains. Inflation puts Forex traders in a tough
How Inflation Affects Forex? Read More »
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 stock market and its psychology while writing the book. He has extensive experience in trading
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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 (NBBO). A profit or loss was booked shortly after the spread returned to balanced conditions
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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 action plans, set goals, and analyze risks, use your decision-making skills in conjunction with your trading strategy. Take advantage of the
Basic Tips to Make Decision-Making Easier as a Forex Trader Read More »
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 money. It is also possible to lose
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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 confusion. Forward premium formula Formula = (The Future Exchange Rate – The Spot Exchange Rate) / The
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For traders to make consistent profits in the markets, they need to understand how to identify and trade around underlying trends. Trends are often referred to as your friend, “trading with the trend,” and “don’t fight the tape.” But how long do trends last? What are the signs that you should exit a trade? How
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The foreign exchange market is not just for those who trade frequently; whenever you exchange your money for another currency overseas, you participate in the forex market. The forex market dwarfs all other capital markets in the world, becoming a quiet finance giant. The concept of trading currencies is simple despite the market’s overwhelming size.
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Trading in the markets involves placing pending orders. They are price levels that indicate the purchase or sale of an asset at some point in the future. Upon reaching a certain price level, the order will be executed. The “Buy Limit” and the “Sell Limit” are two other pending orders traders commonly place along with
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