The foreign exchange market is a global decentralized market where currencies are traded. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. An important consideration when opening a retail forex trading account involves choosing among the different types of forex brokers available to handle your forex transactions. This represents an important decision, because the type of forex broker chosen can affect both the quality of service you receive, as well as your transaction...
The benefits of forex over currency futures trading are considerable. The dissimilarities between the two instruments range from philosophical realities such as the history of each, their target audience, and their relevance in the modern forex markets, to more tangible issues such as transactions fees, margin requirements, access to liquidity, ease of use and the technical and educational support offered by providers of each service. The forex market is a very large market with many different features, advantages and pitfalls....
The price is below the moving average 20 MA and 200 MA, indicating the downward trend. Average in the MACD is below the zero level. The oscillator Force Index is below the zero level. If the price rebound from resistance level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.5910 •...
If you are interested in trading currencies online, you will find that the forex market is significantly different from the stocks market. The foreign exchange (Forex) market is a place where currencies of various nations are constantly bought and sold by people across the local and global markets. This is quite similar to a stock market, where investors buy and sell shares and their derivatives. Today's investors and active traders have access to a growing number of trading instruments, from tried-and-true blue chips...
Reported monthly, the U.S. Non-Farm Payrolls survey is compiled by the Bureau of Labor Statistics, a division of the United States Labor Department. It includes important employment data that is comprised through the compilation of two surveys: the household and establishment or payroll survey. This report shows what U.S. manufacturers and other businesses are thinking about when it comes to the economy. If business owners see positive economic growth in the future, they will increase hiring and boost overall survey results. The reason...
