Oanda is doing pretty well as a Forex broker. It is not highly inventive like Saxo bank or eToro perhaps. It might also have lesser leverage options than FXCM or dbFX but then it has its own strengths. It follows the time tested formula of mainstream forex. It has a large excess capital and is […]
European Central Bank is to set interest rate this week along with other central banks in Britain, Australia, and New Zealand. While a rate cut is almost certain for all of them, the reaction from the euro may be different; probably much more dependent on the size of reduction.
Hedging is a word that any trader in the stock or Forex market will know. To begin with, hedging means covering the exposure risk in one market/security by taking an opposite position in another market/security. Hedging is used to minimize the risk behind the market exposure. It acts as a strong support to fall back […]
Tired of bad news and boring calendars? You may find something different in the Britain. The Treasury will announce the U.K. pre-budget on Nov 24 when analysts expect to see tax cuts and spending plans. Interest rates are headed to zero around the world making the effectiveness of monetary policies more and more limited. It […]
When trading in Forex, one needs to adapt various strategies based on the expected profits and the involved risks. Traders, for quick profits, adapt Forex day trading. Yet, we have another trading strategy, the Forex scalping strategy, through which more money can be earned than day trading. It is based on the short-term changes in […]
The Forex market is known to deal with large volumes and hence myths about Forex associate themselves with these volumes. High liquidity, volatility and powerful currency movements make Forex trading special for those who wish to double their bank balances within a short span of time. Presuming that these factors give good wealth, traders jump into Forex […]
Forex trading is best known for giving attractive profits on short and long trades. While traders play with the movements of currency pairs and leverage out of the changes in the price movements, they also should be focused on the degree of risks associated with the price movements. Only those who are not averse to […]
Reactions to the G-20 statement can shape the trend in financial markets on Monday but for the rest of the week there might be real facts than words which determine the sentiment. Politicians in the U.S. are under pressure to find a solution for the troubled auto industry which has the potential to cost millions […]
Technical analysis is an inevitable part in forex trading. Forex traders greatly rely on many technical analysis tools to smoothen their trading decisions. Bollinger bands is one such tool that makes a trader’s day easy. Discovered by John Bollinger in the early 80’s, Bollinger bands are best known to be used in comparing the stock price […]
To trade in the Fx market is no kid’s play. It demands a detailed analysis of the price trends and the market reactions to the same. Basically, any beginner trader would need to know some trading strategies. Breakout trading strategies play an important role in technical analysis in Fx trading.