The economic data that influence exchange rates are the same ones that determine the overall economic well-being of a country. Evaluating a country’s exchange rate provides valuable evidence of how well it is doing economically and how well it can afford to purchase goods.
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(GBPUSD / USOIL / XAUUSD / EURUSD)
Candlestick patterns are popular charting tools that reflect price data helping to predict future price movements. They are a type of Forex Charts, a visual representation of a currency pair’s price over a set period of time.
GBPUSD/ USOIL/ XAUUSD
Short-term forex trading is a very popular investing approach that involves holding trading positions for a short period of time. Despite being very attractive and lucrative, it can also be risky. For successful short-term trading, it is important to balance risk and reward for each trade. Understanding how to protect your trades and assessing fundamentals makes all the difference between profitable and losing short term forex trading.
In trading, divergence is seen as a warning sign that the current price trend is wanning and about to reverse. Divergence happens when prices lack clear directional trends, alerting traders that current prices are about to reverse.
Volatility is the frequent and rapid changes to a particular asset’s price. By understanding forex volatility, you can decide which currencies to trade and how to handle volatile exchange rates. It should always be taken into consideration when choosing the position size, currency pair beside entry and exit points.
Market news for the week of 20 December 2021 | Forex4you
Money management is a key element for a successful forex trading experience. However, it is often overlooked by many active traders, not only newbies. Good money management is one of few factors that really distinguishes successful traders from unsuccessful ones.
It is possible to start forex day trading with investment capital as low as $100. However, such a low amount will limit your trading options and profit potential. For a successful forex day trading experience, you will need adequate capital and precisely predict price movements. But first let's get into more details about the day trading forex strategy.
Oil edges higher as central banks choose long term stability Improved risk appetite and central banks around the world that are acting now in order to preserve the long-term potential of their economies is boosting oil prices again today. Crude continues to face significant headwinds from the omicron variant, with the demand outlook for early next year taking a hit but OPEC+ stands ready to act should the situation necessitate which will continue to backstop prices for now.
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Copying transactions on Forex to form your own trading strategy is a cooperation that is beneficial to both sides. The trader receives reliable market signals, and the Strategy Manager receives a percentage of his profit or a fixed subscription rate.
GCMAsia operates as a “marketing affiliate” of Fortrade Ltd – a UK forex broker regulated by the country’s Financial Conduct Authority (FCA). As per Fortrade’s affiliate program site, it offers CPA fees or flexible payment plans, commissions, marketing support, etc.
Etiq Markets is an international brokerage company running operations across most of the South Asian countries including China, Singapore, Malaysia, Thailand, Indonesia, Vietnam and others.
MFM Securities is an offshore broker that, despite its status, is quite decent looking. However, brokers should focus on trading conditions, and not on looks. The leverage is maxed at 1:500, a common offshore broker value, while the EUR/USD spread was 2.1 pips on the demo platform. Such a spread is not really very lucrative for traders.
Veonco is a forex and CFD broker who doesn’t disclose much details about the entity behind the operation. This, of course is a major issue, as well as the fact that this brokerage doesn’t hold a lgit forex license. So, if you are tempted by the seemingly attractive offer of Veonco, be sure to read the following lines first.
FxCitizen is a Forex broker that works on the White Label platform, which makes it slightly different from the concept of conventional brokerage services. A white label company is simply an entity that sells another company’s product or services as an affiliate to make profits, either by using a profit sharing model or by earning a hefty commission. There are numerous white label Forex brokers in the industry, and FxCitizen is one of the largest among them.
Whether you are looking to acquire new trading skills or hone your expertise, our free educational materials will provide you with the knowledge you need to trade with confidence.