Forex (Foreign exchange) is the market on which currencies are traded worldwide. Just like a stock or commodity whose price changes daily, a currency’s price changes daily in relation to other currencies. Exchange rates are, therefore, the result of price variations on the Forex, the foreign exchange market. For example, the Euro Dollar (EUR/USD) …
The world of trading is in perpetual growth, with the number of traders following this rise. Thanks to the internet. It opens doors to a universe restricted a few years ago to a category of elites. That said, to be a good trader, it is essential to consider specific indicators, particularly the Non-Farm Payroll …
What is Non-Farm Payroll (NFP) and How to Trade It in Forex? Read More »
Investing in the foreign exchange market means speculating on the variations of currency prices. To do this, many brokers provide a tool called leverage, which allows you to invest with a more significant sum than you have deposited in your account. In this guide, we will discover what Forex leverage is and how to use …
Bull markets are markets that experience a prolonged and or sharp rise. In contrast, bear markets are markets that experience continuous and or severe declines. Each of these markets has its own set of opportunities and risks. No matter what asset you are most interested in. Be it forex trading, real estate investing, stocks, …
Market volatility is one of the primary measures of risk in an investment. High volatility is a risk because large fluctuations increase the risk of a loss in value when you may need to sell to get your money back. Volatility can be measured for anything that moves over time: a stock price, index, a …
Trading is based on different markets with which investors have many choices. One of the most popular is the Forex or Foreign Exchange market. Liquidity, ease of investment, volatility, low costs, and many other advantages explain the popularity of this market among traders. Here are the main reasons that answer the question: why invest in …
Forex market analysis is the practice of examining the changes in currency prices and the forces influencing those price changes. It is used by forex traders who buy and sell currencies to profit. Forex analysis is the study of determining whether to buy, sell, or hold for further trading. Significant types of analysis include technical, …
To understand and predict the price movements of a specific currency pair, you need to analyze their price charts. We will probably be here all day if we go through all the different charts you could find in the forex markets. And most of them are not exactly helpful or easy to understand. Let’s look …
The idea behind cryptocurrencies was introduced at the end of the 1980s to develop a currency to be transmitted anonymously and free from centralized entities (i.e., banks). What is cryptocurrency? Cryptocurrency is a decentralized and highly encrypted digital exchange. It uses cryptography as a medium of exchange. It records transactions in a digital ledger …
Buying cryptocurrencies is a simple process. However, you need to have a wallet and access to an exchange or broker to make the exchange of fiat currency for digital currency. The steps to buying cryptocurrencies are as follows: Choose your platform You need an exchange platform to help you convert your fiat currencies into …