The most frequently traded precious metals are gold, platinum, palladium and silver, and the high trading volume on these commodities is attributed to their retained intrinsic value, regardless of economic conditions. The preference for the online purchase, and even physical ownership, of precious metals as long-term investment has tremendously increased in recent decades. Trading precious metals also presents opportunities for those interested in short-term investment since derivatives and exchange-traded contracts are a less capital-...
The main market players in forex trading are the largest banks in the world, and they form the exclusive club in which most trading activities take place.This club is known as the interbank market. Retail traders are unable to access the interbank market because they do not have credit connections with these large players. Retail traders are able access the market mainly through two types of brokers: markets makers and electronic communications networks (ECNs). The forex market is an unregulated global...
Currency trading is when you attempt to generate a profit by speculating on the value of one currency compared to another. Foreign currencies can be traded because the value of a currency will fluctuate, or its exchange rate value will change, when compared to other currencies. Online currency trading without a strategy is to rely entirely on chances for your success or failure. Making the right trading decisions and developing a sound and effective trading strategy is therefore the most important foundation of forex trading. Extreme currency...
All the financial instruments, including currencies move based on certain behavioral patterns, which may differ from one to another. Currencies are always quoted in pairs, one currency value against another. Currency correlation happens when the price of two or more currency pairs moves in conjunction with one another. There can be both positive correlation, where the price of the currency pairs moves in the same direction and negative correlation, where the price of the currency pairs moves in opposite directions...
It is commonly observed that people who get involved in trading don't actually have much knowledge about the trading process so more and more people are choosing to use automated trading options so that they do not have to trade manually. Automated forex trading systems are available in the form of trading robots or expert advisors (EA). These are created by highly skilled and experienced professionals that write algorithms to analyze market trends and perform the trading process. They are chosen based on their level of knowledge...
