If you’ve traded stocks, you might be familiar with all of the indices, like the NASDAQ Composite Index, Dow Jones Industrial Average (DJIA), Russell 2000, S&P 500, Wilshire 5000, and Nimbus 2001. Well, if American stocks are indexed, the US Dollar is impossible to beat. For currency traders, we have the US Dollar Index (USDX). […]
What is Dollar Index? Read More »
Which of the forex market analysis methods to choose from? In this article, we are going to answer one of the most challenging questions! As you learn to trade and communicate with brokers in the forex environment, you will find ardent supporters of one of the three forex analysis methods. But don’t be tempted to
Forex Analysis Methods, What to Choose? Read More »
On Thursday, the U.S. Dollar rose to its highest level in more than two months against the Euro and the Yen. Pessimism on the U.S. economic outlook weakened ahead of the release of important labor market data. The GBP fell against the U.S. Dollar but traded around an eight-month high against the Euro ahead of
Dollar rises amid economic optimism Read More »
The economic downturn in the eurozone intensified in January as renewed restrictions aimed at curbing the coronavirus’s spread hit the bloc’s dominant services sector hard. Coronavirus cases are on the rise again, and governments across the continent have resumed harsh isolation measures, stifling public life and forcing hospitality and entertainment establishments to close their doors.
The Eurozone downturn intensifies! Read More »
The U.S. Dollar moved near a seven-week high on Tuesday, capitalizing on a sell-off in the Euro. The day before, the single currency fell after bans imposed to fight the coronavirus reduced consumer spending in Germany. The squeezing of short positions on the U.S. Dollar also played a role since their number was too large.
Dollar bears start weakening! Read More »
Oil prices are rising after a weak start. However, scattered coronavirus vaccine deployments, new infections, and the discovery of new strains of the virus are casting a shadow over demand prospects.Brent crude oil futures rose 1% to $ 55.57 a barrel, while WTI crude oil futures rose 0.8% to $ 52.61. Both the instruments rose
Surge in oil prices could be short-lived Read More »
At the initial stage of trading, many traders ask a relevant question; which day is best for trading forex? Given that the market is operating and awaiting our actions for 24 hours, five days a week. A different currency pair behaves differently at the same time in forex trading. So, when is it better to
Which Day is the best for Trading Forex? Read More »
Have you ever come across the term “forex margin trading”? Before getting acquainted with the principles of forex margin trading, we want to start in order and analyze all the components of this term. So, let’s start with the margin. What is the margin? This is the difference that exists between the selling price and
Principles of Forex Margin Trading: The Complete Guide Read More »
The liquidity of currencies is the ability to quickly exchange them for other currencies. Liquidity is one of the reasons why the forex market so popular among traders. But how liquidity can affect forex trading and how it is different from volatility? In this guide, we are going to answer these questions in detail. Signs
What is Liquidity and how it differs from Volatility? Read More »
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
What is DOM Trading in Forex? Read More »
