We live in the digital age and information travels fast. It is therefore very important for forex traders to make sure that they stay up-to-date with global developments as they will have an instant impact on their trading accounts. While this may sound simple, it is no easy task. Since the forex market is open 24 hours per day and five days per week, it is impossible for any trader to remain alert for what may happen. Professional traders and firms employ scores of analysts and strategically place them around the globe to make sure no event...
Forex Profit Set-Up #1; Buy USDCHF - D1 Time-Frame Forex Profit Set-Up #2; Sell NZDUSD - D1 Time-Frame Forex Profit Set-Up #3; Buy USDSGD - D1 Time-Frame Most retail forex traders may never pay attention to LIBOR or know what it is and some may remember the price fixing scandal many Tier1 banks plead guilty to and paid heavy fines for. Regulators try to improve or replace LIBOR, but until it happens it will play a crucial role in financial market. It is planned to remain in place until it will be phased out in 2021 as announced by the...
A person or institution who has all the functions of a broker except to accept money or any type of investment is called Introducing Broker. The Introducing Broker (IB) usually refers its clients to a dealer and in return receives a compensation such as commissions. IBs tend to provide a value-added service to their clients such as managed account services, trading advice, education, etc. IBs are sometimes referred to as the “field sales force” of the futures industry because they are often the only representative of the industry...
Every person gets to the point when they think of radical changes in their life. These changes can be forced by the appearance of some new facts, for example, additional source income. It is not unusual for traders to dream of obtaining financial freedom and self-employment by supporting themselves through profitable forex trading online. Becoming a professional forex trader isn’t likely to be an easy process for most people. It takes a combination of many different skills all coming together to really hit the mark. The forex market is just...
The forex market essentially operates 24 hours per day, five days a week and only closes over the weekend. In comparison, equity markets are open for business less than ten hours per day which does include pre-market and after-market trading. The forex market is the most liquid and the most traded market with over $6 trillion worth of assets being exchanged every single trading day. Every company around the world is engaged in one form of forex trading and it has attracted the most amount of retail traders. There are several reasons for that...
