Retail foreign exchange trading is a small segment of the larger foreign exchange market where individuals speculate on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic trading platforms and the internet, which allows individuals to access the global currency markets. Due to easily available high speed interned forex trading, for speculation purposes, is becoming significantly more and more popular to the retail crowd. Traders are moving to forex in astonishing numbers, it is...
It is easy to forget about Brexit this month, with plenty of other events grabbing the headlines. Many are also getting tired of the twists and turns Brexit has taken and welcome the distractions away from Brexit headline after Brexit headline. As the Trump-Kim Summit ended with the signature of both leaders on a ‘comprehensive document’ and undisclosed details, forex traders didn’t show any reaction as price action remained calm. The FIFA World Cup in Russia may offer another distraction from Brexit, but June holds a key EU summit at the end...
Good day readers, my name is Babatunde and I am now trading in the forex market, happily, for five years this August. I decided to share my story with all of you as I believe others have had a similar experience. A lot of new traders are joining the global forex trader’s community and have to deal with plenty of good and bad information regarding the topic. I know it took me a while to sort through the bad news and get to the quality information which described to me what forex trading is and not what I wanted it to be. You will see a lot of...
The 44th G-7 Summit will take place on June 8th through June 9th in Charlevoix, Canada. Some market participants already refer to it as the G-6 + the US, given US President Donald Trump’s protectionate stance and imposed tariffs on its trading allies. The G-7 is comprised of Canada, France, Germany, Italy, Japan, the UK and the US. The European Union, the world’s largest trading bloc, is also represented. The G7 represents 46% of global nominal GDP and 32% of global purchasing power parity. The G-6 was displeased with Trump’s withdrawal of...
Currencies of countries that rely heavily on the export of commodities are often referred to as commodity currencies. An important factor that any forex trader should consider is that the value of commodity currencies usually rise and fall in tandem with the value of the country's main commodity exports. Both the value of the commodity and the country's trade balance, with respect to the commodity, are significant factors in the valuation of commodity currencies. The most commonly traded commodity currencies are those of Canada, New Zealand...
