Day trading is simply the name given to any type of forex trade which is executed on any one given day of the week, on which the expiry time of that trade is on the very same day. Whilst it is possible to place a forex trade to expire in several days, weeks or even months many traders prefer to only have live trades open which are going to expire on the same day, to allow them to hopefully make a profit over the short term. Forex trading, much like any form of market speculation will always come with an element of risk. Being able to...
Given the global nature of currency trading, the forex market is open for business around the clock, 24 hours a day 5 days a week. The forex market is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centres around the world...
Most traders tend to deposit their trading capital with a forex broker in hopes of turning their invested amount into a profit, but soon realize that it is not as easy as it seems to trade forex. This is where a demo trading account can help traders to get familiar with the forex market. A demo trading account can supply a valuable insight into the world of forex trading and can give beginners the confidence that they need to start real trading. When used correctly, a demo account can be a useful training tool that will give them the necessary...
Those who favor a British withdrawal from the European Union, commonly referred to as a Brexit which is a portmanteau of the words British and exit, are concerned that being a member undermines national parliamentary sovereignty, while some in favor of membership argue that in a world with many levels of supranational organization any theoretical loss of sovereignty is more than compensated by the benefits of membership of the European Union. Many prominent figures have spoken out on the matter, including government officials, industry...
The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve Board that determines the direction of monetary policy. The FOMC is composed of the board of governors, which has seven members, and five reserve bank presidents. The FOMC meets eight times per year to set key interest rates, such as the discount rate, and to decide whether to increase or decrease the money supply, which the Fed does by buying and selling government securities. Economic indicators play a huge role in the forex...
