The number of Forex trading methods and strategies in our time is enormous. Of course, in 2020 there are only more such methods. However, among the most popular and effective trading strategies is clearly distinguished day trading: this strategy is used by millions of traders around the world because it combines speed and efficiency. At the same time, it should be noted that day trading is not the easiest way to trade in Forex, so we have prepared a special article about this trading style, with which you can understand whether it suits you...
Forex market is heavily driven by a set of fundamental factors. While fundamental analysts might argue which economic news matter the most to the market, they will probably agree that rate decisions of central banks are highly significant to both foreign exchange and stock trading worlds. Today we will discuss trading the ECB interest rate decision effectively. What is the ECB interest rate? ECB is an abbreviation for European Central Bank, an institution that administers monetary policies within the Eurozone. In other words ECB is...
GBP/USD currency pair is a popular instrument for trading in the Forex market. It takes the third line by efficiency and popularity. The pair has a high rate of volatility - its intraday fluctuations reach 200 points, and this is provided that the news background is relatively calm. If the market gets excited by some very important news concerning the UK or the USA, the volatility can easily reach 500-600 points during the day. This property makes it one of the popular trading instruments among scalper traders. So, today we will turn to the...
Trading on Forex is very straightforward in theory. Traders generate profit from exchanging foreign currencies that constantly fluctuate in value. However, in order to become truly successful, you will need to account for a certain amount of factors that contribute into the overall movement. One of such contributors is the Forex market hours. More specifically: the time limits of activity for traders all across the globe, commonly known as Forex trading sessions. The Introduction To Trading Sessions It is common knowledge that Forex...
The fundamental analysis highlights various factors that influence the exchange rate. At the same time, the degree of their significance for the justification of market fluctuations is different. So at the end of the last century, investors carefully monitored indicators of money supply and budget deficit, in the first half of this century they gave way to the state of trade balance and dynamics of interest rates, now the attention of the world community is focused on foreign debt and volumes of government lending. However, it should be...
