Currency price often favors continuity as displayed in the market's tendency to trend. At the core of these trends is often one currency that is becoming notably stronger or weaker than its counterparts. Once this momentum starts to grow, traders can take a diversified approach in the form of currency baskets to manage opportunities in the forex market while controlling exposure at the same time. Basket trading involves opening a series of correlated or uncorrelated trades, and after an adequate amount of time, closing the trades when...
In 2007, 83% of GDP in G-20 nations was controlled by mainstream parties which favored a liberal democratic form of governing. Populist parties, who vow to fight for the common man and are against the establishment, controlled only 4%. Then the global financial crisis hit in 2008 and the weaknesses and inefficiencies of the establishment became visible to the masses. As the Great Recession resulted in millions of job losses while the wealth gap widened, citizens of the G-20 decided it is time for a change. A decade later the situation looks a...
Where business is concerned, social media became a near-obsession for brands when they realized these platforms could take promotional campaigns to a whole new level and foster engagement. These benefits also apply to forex trading companies, but the community has gone a step further, establishing networks that bring traders together to share ideas and information. Social networking has become an essential part of our everyday lives, and forex brokers are starting to join the bandwagon. Not only is this a viable marketing strategy, it can...
Most forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method. Forex trading is never an easy...
For many years, forex traders were forced to sit in front of their desktop computers. However, much like many other industries, the forex trading market has joined the mobile brigade, and now offer traders the convenience of trading on mobile devices such as smartphones and tablets. What was on offer started out pretty dismally but it seems that forex brokers and other industry related businesses are now picking up their act. Forex trading evolved amazingly in the last years due to massive technological advances. In less than two decades,...
