The euro gained ground again on Monday, although resistance remains just around the 1.06 level. The 1.06 level remains critical, and as a consequence, we are expected to fade in this general range. This is particularly true given that the 50-day EMA is also exactly here, so some technicality enters the picture.
Many of these suggestions can be implemented easily and quickly. But the true obstacle to implementing these ideas will be your own inner biases.
Traders looking for increased volatility during the Asian trading hours should be looking for the best pairs and strategies to maximize their profit. In this article, we will learn the most basic things a trader should know before start trading the Asian forex markets.
Unlike many other business environments, Forex doesn’t limit your potential. At a certain point, one can look up the map of opportunities and consider alternative ways of making money on the global market. But how to find the right way? And how to progressively earn more while bothering less?
The world of trading is full of difficult and incomprehensible words. When newbies meet such words they think that trading is not for them and lose hope for earning a lot of money on Forex. However, it’s a huge mistake! We gathered the most common trading words and their definitions
In this post, we’ll go over the differences between trading CFDs on equities/stocks and trading the stocks themselves.
Every trader knows that economic data have a great impact on the Forex market. To become a successful trader, you need to follow economic indicators and Forex news. This way you will be able to keep up with the recent events and get clues about currencies’ movements.
Trading the Gold Silver ratio can provide traders with plenty of opportunities for profits. In this article, we’ll go over the fundamentals of trading the Gold-Silver ratio.
FP Markets is celebrating its 17th anniversary and continuing its award-winning trend with the "Best Trade Execution" accolade.
The United States on Tuesday imposed sanctions on more than 100 targets and banned the import of new Russian gold.
Have you ever wondered how the Forex market came to be in the form it is now? This general knowledge will broaden your horizons and allow you to look at the market in a new light.
Now that you’ve decided that day trading is the right trading style for you, you need to be sure you’re trading in the best trading environment. All you need is a reliable, robust, and fast trading platform, like MetaTrader 5 (MT5).
MTN, Seplat Energy, and Lafarge maintained their top spots as the highest paying companies per staff in 2021, with an average annual salary paid per staff of N20.26 million, N19.29 million, and N17.54 million respectively.
The euro won support on Tuesday as traders braced for European inflation figures to run hot this week and awaited a speech from central bank chief Christine Lagarde, while worries about a recession kept the U.S. dollar firm.
Japanese officials’ ignoring of the continuous collapse of the Japanese yen exchange rate, along with the US Federal Reserve’s continued intention to raise US interest rates strongly during 2022, are still important factors for the continuation of the strong upward trend of the US dollar against the Japanese yen pair, with gains to its highest in 24 years. Its recent gains brought it to the resistance level of 136.72 and it settles around the level of 135.48 at the time of writing the analysis.
Recently, the GBP/USD exchange rate clung to a lot of gains in the wake of the Bank of England's June policy decision but without any further corrective drop by the dollar, the pound is likely to consolidate within a range of approximately 1.2171 to 1.2323 during the trading session. The British pound drew bids from the market near 1.22 or below last week after it appeared to be benefiting from signs of a more hawkish slant in the Bank of England's monetary policy stance as well as what was, for the most part, a softer US dollar.
Asian shares edge down in early trade on Tuesday with investors taking their cue from a volatile Wall Street session overnight, while oil prices climbed following last week’s rout.
The currency market is unfathomable – it is full of opportunities as well as risks. Many investors have gained good returns after entering the forex markets, and some also have learned painful lessons that cost them a great amount of fortune. Today, WikiFX will be reviewing a forex broker named FXTM for the perusal of all traders and/or investors.
The company’s users climbed by 261% during the mentioned period. Revenue increased by 192%.
28 FX platforms and one crypto platform which are operating illegally were added in 2022. The list now adds hundreds of illegal platforms offering services with forex and crypto derivatives.