Economic indicators wield significant influence over Forex prices as they provide crucial insights into the health and performance of a country's economy. Traders closely monitor these indicators to make informed decisions about currency movements....
Trading with a non-dealing desk (NDD) broker offers several advantages over dealing desk brokers. One of the main benefits is that NDD brokers offer a more direct and transparent trading environment, as they do not take the other side of their...
While algorithmic trading has many advantages, it also has some drawbacks. Algos operate at high speeds, which means that a bug could result in significant trading losses in a short period of time.
Prop firms have become very popular among traders in recent years. Funding packages are offered by these firms for those who don't have a great deal of money to invest in forex. However, most forex traders dream of becoming rich overnight. Small fund...
The extent to which fundamentals are considered varies from trader to trader. Similarly, price action is an essential component of any successful Forex trading strategy. This practise is frequently referred to as "technical analysis." Trend following...
Traders who engage in spread trades buy one security and sell another with identical features as a unit at the same time. Relative value trading is more common in options, futures contracts, and currencies, with each transaction referred to as a leg....
To choose a pair, first of all, you need to get a basic idea about all the major, cross, minor pairs. So, how many pips each pair moves on average, how many pips per pair spread, whether the pair's movement is conventional or spike, and how it moves...
To be financially effective, working capital management requires clear guidelines and objectives. Increasing profitability and ensuring adequate liquidity are the two main goals of working capital management. It is only advisable to invest in current...
Achieving success in forex trading requires a comprehensive understanding of various factors, and focusing on key aspects is crucial for consistent profitability. Here are important points to achieve trading success in the forex market:
First of all let us outline what currency is. The word currency comes from the Latin word 'currens' which means 'in circulation'. Hence the term currency reflects that money is used as a medium of circulation. The UN recognises a total of 180...