Did you know that markets trend only about 30% of the time? This makes trends rare in forex trading. It shows why understanding range-bound trading is crucial as it’s the norm. In a range, prices move between highs and lows. These limits are the support and resistance. Range trading fits all time frames, from five […]
The forex market deals with over $7.5 trillion each day. That’s more than stock or bond markets! Forex brokers are key, allowing traders to dive into currency trading. Forex brokers act as bridges for traders, connecting them with the global currency scene. They help with buying and selling currency pairs. This way, traders can guess […]
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 […]
Did you know the ask price can differ a lot among forex dealers? This variance is not small. It can impact how much you make in trades. For both new and experienced traders, understanding the ask price is key. The ask price is a big part of forex quotes. It makes up half of the […]
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 […]