DOM or depth of the market is the number of buy and sell orders for a currency pair at different prices. It provides an indication of liquidity and depth for a currency pair in the forex market. DOM is also synonymous with the order book as it shows pending orders for the currency prices. The […]
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The second wave of coronavirus in the US is rising apprehensions among investors. NFP report can either serene or jolt the markets. There are chances of gains for the gold in the third straight week. Gold has stirred its top position by 1.3% in the week. Impact of Coronavirus on Precious Metals: The global demand
Gold to continue gains in the next week Read More »
The second wave of coronavirus in the US is rising apprehensions among investors. NFP report can either serene or jolt the markets. Release of National Data may not push Aussie from Range: Next week is filled with the data in Australia and investors are evaluating how much this virus is dangerous for the economy. The
Risk events in the week ahead Read More »
Managing your capital is one of the most important skills in the forex market. To get the full return on your invested funds, you need to manage your capital with moderate risks. How to do it? There is no clear answer, but there are many different methods that can help you. One of the most
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Kansas City Federal Reserve Bank President Esther George said on Thursday that there are more chances of COVID-19 to spread out in the U.S. and this is challenging for the U.S. economy unless scientists develop a vaccine. The full recovery of the economy from COVID-19 is still at distance. Lockdowns were legislated to handle the
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Take-profit is a pending order by which you can automatically close a profitable trade. Many traders questioned the suitability of the take-profit. It allows you to safely leave a transaction in the market unattended, but at the same time limits the trader’s potential profit. It’s up to you to trade with it or leave it,
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COVID-19 numbers increase with the distressing rate in South America, and this pandemic situation is making the market’s mood sour. Other currencies are falling, but in contrast, the Dollar and gold have outstanding performance. A three-layered statement of US economic statistics and coronavirus data are compared. US coronavirus: The coronavirus is spreading to more states
Dollar and Gold uproar as corona virus rages again Read More »
Trend trading is one of the easiest and recommended form of trading for beginners in the forex market. But there is a certain situation when the trend starts to change its course. This is when most traders feel panicked. To avoid this scenario, you need to determine the trend reversal. A reversal is a time
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More Damage to European Companies during Covid-19: It is the next move of the U.S. in the dispute with E.U. over aircraft subsidies. The U.S. is lining up to impose tariffs on $3.1bn of European products. These tariffs will have negative effects on companies that are already struggling with the Covid-19 situation. “It creates uncertainty
U.S. assessing tariffs on the U.K. and Europe Read More »
It often happens that a trader is faced with many failures, and then quits trading, believing that nothing good will come of it. However, only the novice traders act this way. Real traders know that success can be achieved only when you learn to cope with all, even the most severe failures. This is the
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