Did you know that swing trading is a top pick among forex traders? It’s especially liked by new and experienced traders alike. This strategy aims to make money from the market’s highs and lows over days to weeks. It uses both technical and fundamental analysis to predict prices. The main aim of swing trading is […]
Did you know the Forex market in North America saw an average daily trade of $918 billion in April 2023? This huge number shows how important currency rates are in the finance world. Fundamental analysis in Forex looks at the economy, society, and politics to understand how they affect currency values. It helps traders predict […]
Using stop-loss orders can be a game-changer for traders. They help control risk, making sure you don’t lose too much. These orders are a key part of trading, letting you set a limit for when to leave a trade. Successful traders know the value of cutting losses and keeping gains safe. Stop-loss orders are like […]
The forex market trades more than $6.6 trillion every day, making it the world’s top financial market. In this vast market, traders can go long or short on currency pairs. A long position means buying a currency pair, believing its value will rise. Traders use this strategy during peak trading sessions like those in New […]
Between 1900 and 2018, the Dow Jones saw nearly 33 bear markets. That’s about one every three years. It shows how often the market can turn bearish. A bear market in Forex trading means currency values drop significantly. This drop is usually 20% or more from their recent highs. It happens when many people sell […]
Did you know the biggest rise in the S&P 500 lasted over 10 years, gaining over 300%? In Forex, a bull market is when currency prices go up. This period shows investors feel confident, and there’s a lot of trading and optimism. A 20% price increase from recent lows starts a bull market. Forex traders […]
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 […]
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 […]