Did you know that the forex market trades virtually 24/5, allowing traders to act anytime? Taking a short position in forex trading is a fascinating strategy. It means you sell a currency you don’t own, aiming for its value to drop. When its price falls, you buy it back cheaper, making a profit. This method […]
While the EUR/USD pair is the world’s most traded, Minor Pairs in Forex Trading have special benefits. These include unique chances for skilled traders. These pairs, not linked to the U.S. dollar, let you trade two non-USD currencies. Because they’re less traded, they offer large profit opportunities. Minor Pairs are important for adding variety to […]
The EUR/USD is a major player in forex, making up about 23% of trades. The Forex Market handles nearly $7.5 trillion every day. This makes it extremely large and full of opportunities. Now, let’s understand what a currency pair is and its role in Forex Trading. In Forex, a currency pair shows the value of […]
Ever wondered how the bid-ask spread in the forex market can earn dealers a $500 profit per trade? Let’s say you purchase EUR 5,000 at USD 1.40 each euro. It will cost you USD 7,000. But, if you sell EUR 5,000 at USD 1.30 per euro, you get USD 6,500. This scenario shows why knowing […]
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