For any aspiring forex trader, one of the first things to embrace is a trading strategy. The strategy you choose to follow should comply with your trading capital, trading style, goals, risk aversion, and method to analyze the money market. Forex traders use two broad approaches to analyze the market.
FX Market
Bollinger bands are statistical chart envelopes set at standard deviation on top and below a simple moving average used to characterize volatility and prices of a commodity over time. Bollinger bands use period and standard deviation as parameters. The value of the period is 20 and that of the standard deviation is 2 but you […]
In the present world, the Forex market is highly liquid and the popular market. If you are in the Forex market you will able to earn a lot but still, it all depends on how you trade the market. If you cannot use technical strategies to trade the market then you might find it hard […]
Forex trading is such a lucrative business that every single day the number of new retail traders is increasing at an exponential rate. Most of the new forex traders start their trading career since they think that by trading the financial instrument they will get rich within in a very short period of time. But […]
The markets are now at a point where they can see clearly that some form of policy response is about to come. The action maybe coming from QE3 from Federal reserve, the EZ on Spain and from general release of more spur from the ECB.
When you first decide to give Forex trading a go there’s two big decisions you need to take early on to determine which path you’re going to go down. Firstly you need to decide whether you’re going to be a technical or a fundamental trader. That decision generally makes itself nowadays with almost everyone (particularly […]
Unavoidable economic recessions are causing a turmoil in stock markets and large corporations all over the world. It is truly a devastating period in our world’s financial history. Stock markets are crashing, leading companies are bankrupt, and average people are barely hanging on. However, the foreign exchange market, or forex, is seemingly immune to the […]
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 […]
There are many elements that a beginner in Forex trading ought to know. These elements are the cornerstone of the Forex trading system that each trader should carefully assess before taking their first plunge. As we all know Forex trading is an exciting business that spans the whole globe. It will be very difficult to […]