Zahir Shah

Cable rates are currency exchange rates between the US dollar and the British pound. (GBP). What does cable mean? For a deeper understanding of cable in forex trading, let’s examine a cable definition. Cable definition Several slang terms refer to different currency pairs; cable is one of them. In this case, it refers to the […]

In currency spot trading, rollover represents interest earned for holding a position overnight. Due to forex’s pairs trade format, every trade involves two different currencies and two different overnight interbank interest rates. Positions held “overnight,” meaning after 5 pm ET, is subject to rollover interest, either charged or applied to the trader’s account. To understand

The process is relatively simple when you boil down trading to its most basic elements. An individual trades securities by buying them at a specific price and then selling them at a higher price or by selling them at a specific price and then repurchasing them at a lower price. The process employs various technical

The FX carry trade, also called currency carry trade, is a financial strategy for funding trades in low-yielding currencies with a currency with a higher interest rate. FX carry trades allow traders to make easy profits by exploiting the differences in currency rates to capture the benefits of risk-free profit-making. When you buy or go

Currency traders closely watch the U.S. dollar and its purchasing power to see how the accelerated dollar devaluation will affect its purchasing power and exchange rate. The U.S. economy is experiencing inflation at rates not seen since the 1980s. Meanwhile, U.S. regulators are already working to reduce inflation. While the Russian invasion of Ukraine is

The economy will go through recessions at some point. The question is not if a recession will occur but when. A prolonged period without a recession makes it increasingly likely that we will be experiencing one soon. To succeed in forex trading, a trader must anticipate upcoming events and be prepared. Additionally, they will be

There is indeed an increasing amount of Forex content on the Internet, but there is much room for improvement in how the primary Forex players utilize social media. We all know that Facebook, Twitter, and LinkedIn are the three most popular social networks. Facebook is intended more for connecting with friends and family than others

New traders tend to face a common dilemma when deciding what to invest in – should you invest in stocks or the forex market? How much more profitable is one over the other? With trading and investing so accessible these days, it makes no difference what you choose to do. Our goal today is to

It takes a multifaceted approach to speculate on the future movement of a currency pair in forex trading. Techniques can be derived from price action, a currency pair’s price movement over time. Some traders rely on price action to determine all their trading decision trends, even though many tools are available. A forex trader can

As a reserve currency, the GBP stands at fourth, while the Japanese Yen is third, after the US Dollar and the Euro. Meanwhile, Japan’s GDP is more than $5 trillion, ranking it third among world economies. The UK’s GDP is $2.9 trillion globally, making it the fifth largest economy. It’s precisely the globalization and influence