You must develop a trading strategy that works for you as a beginner. Here are a few pointers to help you design your forex strategy:
Forex, or foreign exchange, is the largest financial market in the world, with a daily trading volume of over $6 trillion. It is an attractive business opportunity because it is open 24 hours a day, 5 days a week, and offers high liquidity and the...
Range trading is based on support and resistance. Support and resistance levels can be identified on a price action chart before a market reversal in the opposite direction. Trading ranges are formed when these support and resistance levels are...
Point and figure charts, candlestick charts, and line charts are all common technical analysis tools used by traders to identify patterns and trends in the market. However, there are some key differences between these three types of charts.
A stop order, also known as a stop-loss order, is an essential tool used in forex trading to minimize losses when a particular currency pair's value moves against the trader's position. To calculate a stop order in forex, there are two primary...
Currency clearing is a method for establishing foreign economic relationships that is used in international settlements. This method is based on a bilateral or multilateral agreement, whose participants are the states involved in interconnected trade...
Technology advantage in trading refers to the use of advanced technological tools and systems to gain an edge in the financial markets. This advantage can manifest in several ways:
Firms that provide liquidity, leverage, and other support services to other market participants. Although most major banks have prime brokerage operations, there are also non-bank prime brokers in the market. Clients of prime brokers are typically...
Currency derivatives are financial instruments that aid in market fluctuations by: