Forex trading is speculating price action of one base currency to another. It’s volatility is driven by strengths or weaknesses one currency to another. When these of strengths and weaknesses happen, the market moves in the direction of strength.
Predicting the direction of these currencies based on historical values is what is called forex trading.
For example, if you think the sterling will rise against the U.S. dollar, you could buy the GBPUSD, cable currency pair at current price. If your assessment of the cable is right by going higher you can then sell your position at a profit. On the contrary, if you bought to go higher and it failed, by way of the USD dominating this duo against sterling then you lose the trade. These are what Retail traders, Market makers and Institutional traders are doing all day long and all year round.
The key to being on the right side at all time is education to bridle your risks appetite.
It is vitally important to consider your involved before getting involved with forex trading Forex. There are risks involved, but focus on mastery and not only the reward.
Unleash your trading potential with powerful ECN trading platforms! Discover advanced tools, lightning-fast execution, and unmatched liquidity. Dive into the Future of Trading!
Electronic Communication Network, ECN Trading Platforms Read More »
Are you new to trading, you are in for a good start because you are asking learning questions. Forex trading could make you a good fortune if you know what you are doing. But for a new retail trader, without much experience, forex trading is not an easy road to financial success as many claim
What is Forex Trading About? Read More »
Range trading is a very popular strategy for forex trading. Forex traders use it to profit from currency price movement within a defined range. Unlike trend trading, traders capitalize on identifying areas of support and resistance. The goal is to execute trades within these boundaries for quick profitability. The forex market price movements, often exhibit
Range Trading: Your Complete Guide for The Forex Market Read More »
Are you struggling to find winning runs in your forex trading career? We are here to help. I am going to be sharing a strategy with you. This strategy focuses on price action and one of our forex trading secrets for a daily 100 pips profit. If someone would hand you a secret to gaining
Awesome Forex Trading Secret for Daily 100 Pips Profit Read More »
LONDON: Yen powers away on morning trades as investors find entry positions in a weak and feeble euro markets after recent weeks poor macro report. The EUR, GBP and USD, all opened lower from Friday’s trading session as these currencies were seen as riskier haven. The one that has suffered the most ‘bloody nose’ today
Forex: Yen Powers Away Read More »
Embarking on the journey of daily forex trading doesn’t have to be daunting. In fact, it can be a structured plan designed to simplify your trading experience and lead you to profitable outcomes. In this guide, we’ll unveil four straightforward processes that will not only make your daily trades easier but also enhance your chances
Mastering Daily Trades: A Guide to Profitable Forex Trading Read More »
Euro recedes to 40 pips range amid low volatility. The euro has seen a bearish week as it emerge from last Friday’s stalemate with London. With investors looking for safe haven in other currencies like the dollar and sterling, most traders could say they saw it coming. As the euro has fallen into the range
Euro Recedes To 40 Pips Range Read More »
Tremour in the euro forex market today as the German Factory Order falls below par in Germany. The fallen German factory orders sent shock waves through the forex market as traders ponder on Euro zone economy. Is this a sign of the Euro bloc economy slipping back into recession again? The news of the fallen
German Factory Order Falls Read More »
Unemployment rise in US to 9.8% in November is the highest level since April, 2010 according to the US Labor Department this morning. Thus raising further doubts about the strength of the US economic recovery that has waned on the market. Last month US private companies could create a mere 39,000 jobs as compared to
Unemployment Rise in US to 9.8% Read More »
GBPUSD falls on trade balance today. The pound sterling went on a free fall again as UK’s trade balance fails to make market expectation. The forex market gave the pound sterling, a bloody nose on every sterling, GBP pair and crosses across board today as report of trade balance with the rest of the world
GBPUSD Falls On Trade Balance Read More »
