The closing market rate, also known as the closing exchange rate, is influenced by a variety of factors that impact the supply and demand dynamics of a currency in the foreign exchange market. Here are some key factors that can influence the closing...

The key differences between short-term and long-term trading strategies lie in the time frame and objectives of the trades. Short-term trading, also known as day trading or swing trading, involves buying and selling financial instruments within a...

Trading without a plan may lead to failure; if you don't know where you're going, you'll be swimming against the current. As a result, make an effort to develop a Forex trading strategy based on a tried-and-true trading method that is simple to...

The forex market is driven by this type of trading. Around the world, there are 180 different types of official currencies.In addition, the majority of foreign currency transactions and payments are conducted in the US dollar, British pound, Japanese...

Developing a trading plan is essential for success in forex. Start by defining your goals: are you looking for short-term gains or long-term growth? Clear objectives will guide your strategy. Next, analyze your risk tolerance how much are you willing...

Trailing P/E and forward P/E both measure how much investors are paying for a company’s earnings, but they differ in the earnings used and the insight they provide.

Teamwork is crucial in the realm of Forex trading, where multiple individuals collaborate to achieve common goals. In the fast-paced and dynamic world of currency trading, teamwork plays a pivotal role in ensuring success. Traders working together...

Learning chart patterns helps a newbie move from guessing to structured decision-making, which is essential for long-term success in forex. Patterns teach how price behaves around support, resistance, trends, and breakouts. Over time, this builds an...

The Turkish lira has fallen in value against the dollar and other currencies as the government's monetary policy have kept interest rates low rather than raising them to combat inflationary pressures.The Turkish lira hit a new low against the US...

Trading can be risky and complicated. Interest rates, trade flows, tourism, economic strength, and geopolitical risk all influence currency supply and demand, resulting in daily volatility in the forex markets. To overcome risk, a beginner must...