As we are seen the fast growing and developing online forex trading, we can also see the huge number of forex brokers popping up more and more every day. Undoubtedly the more brokers competing for traders the better for each individual trader, as competition is indeed a driving force that can potentially lead to better offers and trading conditions for the simple trader. However, this can only hold if the trader makes the right decision when choosing the broker via whom he/she will place his/her trades. The broker’s influence on trader’s...
Where investments are typically held for a period of years or even decades, trading involves the frequent buying and selling of stocks, commodities, currency pairs and various other securities with the intention of generating returns that outperform a buy-and-hold strategy. Position trading encompasses the longest trading time frame in which trades span a period of months to years. Position traders may use a combination of technical and fundamental analysis to make trading decisions and often refer to weekly and monthly price charts when...
Long-term success in the forex trading does not depend on the system or the wonderful tools available at your disposal. Systems are usually insufficient, and often traders have to switch from one to another depending on market conditions. The key to long-term success are good habits, and they will be discussed in this article. Here are five tips that can be very valuable for you: 1. Trade with a low debt burden. Many traders, especially beginners, are blinded by the leverage that can be used to increase their profits in the Forex...
You've probably heard about the famous Dow Jones and S&P 500. But have you heard about the US dollar index? As well as the aforementioned stock indices, it is used to measure the strength or weakness of the US dollar (USD) against a basket of main currencies. This index is very useful in the formation of the US dollar against the displacement of a number of actively traded currencies. Currency Basket involves EUR, JPY, GBP, CAD, SEK and CHF. It is strongly inclined to the euro, as this unit is 57.6% of the weight of the basket....
What affects the price of currencies in the Forex market? With fundamental analysis traders try to predict the effect, which will have social, economic and political events in foreign exchange quotations. Macroeconomic factors are the key in this study. All significant data is involved: from unemployment rates and inflation to interest rates and industrial production. Based on analysis of the available economic data the trader takes a profitable position. In connection with the development of the modern Internet it is now much easier for a...
