EURO pounds the pound sterling GBP today in a market that never really start for pound sterling. Euro Sterling, EURGBP achieved parity at some point this week before receding back slightly. How long the pullback holds remain to be seen. However, at a time when market players expected the pounds, GBP to track the euro after recent lows, we are seeing further slides and lower-lows. What […]
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Forex trading plan is an essential tool for beginners entering the world of forex trading. It outlines a systematic approach to trading, incorporating factors such as risk management, entry and exit strategies, and trade management. A well-structured trading plan should include forex trading indicators and patterns to analyze market trends and make informed trading decisions.
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Winning trades are borne out of winning habits. You cannot build winning habits unless you make conscious decision to do it. Period. No great trader has ever built a winning habit without first hatching out a simple trading plan. You have to see it to receive. Haven’t you heard of this phrase in business: “Failing
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Forex Trading – The Fundamentals… Forex trading is never an easy road to tread. This article was designed to give a head-start to potential traders who are entering into the forex market. Upon reading through this article, you will have a solid understanding of what the forex trading and forex market is all about. Now
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Average directional movement index, ADX is a very popular forex trend analysis trading indicator amongst forex traders. It is an indicator that can helps you gauge strength of the asset of interest. Is it worth you taking a position or staying out of it. To truly appreciate power of this indicator, you need to have
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Forex market traders actively trade the GBPUSD currency pair, because it’s one of the major currency pairs with high liquidity. Traders who understand both economies often trade this pair for profitability. Most traders often refer to it as “Cable.” It represents the exchange rate between the British pound, GBP and the United States dollar, USD.
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Forex, often referred to as foreign exchange or the foreign exchange market, is the global marketplace where currencies are bought, sold, and exchanged. The fx market is the largest market and most liquid financial market in the world. It has a daily trade volume of over $6 trillion dollars. The currency market has no physical
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The GBPUSD traded sharply up this morning to retest 1.8860 from its low of Frankfurt open @ 1.8727. Meanwhile, the USD, dollar gains reprieve rumor swell of rate hike. The sharp rise in the sterling was never going to be sustain because of UK market weakness. Pricing wasn’t strong enough to hold. It headed southward
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The GBPJPY currency cross in forex trading boasts unique characteristics that attract traders worldwide. Its notable volatility presents both opportunities and challenges. For beginners entering forex trading, understanding GBPJPY is crucial. One of its benefits include high profit potential, but the down-side is that it also encompass elevated risk levels. Navigating last week’s trends demanded
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