Forex trading was never easy..it required a lot of professional acumen. Even today, it is not an easy road to travel but many technical tools have made the task easier. One such tool every trader should have is FX charting software for technical analysis. They use the candlestick patterns, they spread the fib grids for […]
Forex traders usually use two methods of analysis prior to trading. These are the fundamental analysis and the technical analysis. Technical analysis reads the past and tries to predict when a stock is supposed to break or reverse in future. It uses many tools for the purpose. These may be the candlestick patterns, Fibonacci graphs, […]
December comes to its end, volume could be significantly thin, but market moving data may be still ahead. U.S. and Japan both cut their target rates last week, leaving the benchmark interest rates close to zero. Economic data this week are also expected to raise concerns about weak demand in the two largest economies in […]
The financial market is consistently inconsistent by nature and in predictions. Since people can never be away from the financial arena of stock market and trends, forecasting the financial trend and nature turned out to be a necessity. Elliot wave principle essentially concentrates in forecasting or predicting the most common fluctuations in the financial sector. […]
dbFX is an online Foreign Exchange trading service that has been originated by Deutsche Bank AG. In fact, the bank that dbFX is affiliated to is no mean bank. Volume wise, it’s trading is equivalent to the cumulative trading of major equity markets of Middle East and US. This means that dbFX does not have […]
Federal Open Market Committee is to set interest rate on Tuesday Dec. 16. Estimates show the possibility of a 50 basis points reduction when any reduction will bring the federal funds target rate below 1.00 percent. With interest rate close to zero, speculations rise about using unconventional measures for supporting the economy.
Who is a novice? A man who is daunted by techniques involved in a certain discipline. He would always want things to be taught in a very easy manner. What would a trading novice understand about Fibonacci retrenchments, multi-level customizing and so on? Keeping this in mind, an online Forex trading service has launched an […]
Forex Capital Markets (FXCM) is one of the leading desks of online Forex trading in the world. It gives a free Forex trading course and provides micro lots (which enable a trader to open an account for as less as $ 25). It also exploits daily FX, which is a world level news site. Additionally […]
It’s an exciting time for Forex trading—volatile, fast-paced, with historic shifts in the international currency markets happening weekly or daily and fortunes being made every hour. And, of course, with fortunes being lost every hour. In these challenging times, what is the place of Forex in your investment mix?
Retail sales in the U.S. probably fell sharply in November, a report from the Commerce Department may show on Dec. 12. Economists lower their forecasts for GDP numbers in response to more signs of a deep and prolonged recession. Recent estimates show that the U.S. economy may contract at an annualized rate of 5 percent […]