Let’s be honest, trading can get very technical. In order to have satisfying outcome a trader needs to adopt several analytical strategies. As well as a particular trading strategy. But at the bottom line, even with all the necessary knowledge, the large portion of success relies on the available tools. The Forex market has a tendency to fluctuate. If you take a specific currency pair and observe it for several hours you will notice that change. Now, in order to make profit a trader needs to make a purchase when the price is low...
Currency trading is a complex process that requires some preparation. This includes research, analysis and some crucial decision making. As you consider to start trading on Forex you will quickly stumble upon the term “broker”. And surely, you will ask what is a currency broker if you have never come across this word before. Let’s talk about that. What is a Forex Broker? The foreign exchange broker definition is a person or a company able to process various transactions on Forex. In other words, broker performs all the sales and purchases....
Currency trading can be beneficial for everyone. But it does not mean that it comes easy. Successful trading is not just a process, it is also a skill. A skill that involves mastering a set of tools. One of such tools is technical analysis - a method that allows you to systematize the market patterns and work out a plan of action. Unlike the fundamental analysis, technical analysis is based on dry data rather than chaotic factors such as politics. This gives it an advantage of being more comprehensive and predictable. There are...
Being a trader is not always easy. Correction: it is never easy. Successful currency trading involves many hours of preparation, critical thinking and on-the-spot decision making. It comes as no surprise that this causes severe amount of stress. Every day the trading stress grows stronger and in a worse case scenario can result in a mental collapse. This sounds scary and might make one reconsider trading altogether. However, there are ways to reduce trading stress and master so called low stress trading. Low stress trading The key to...
When a country’s currency is enduring extreme and unnecessary upward or downward financial pressure, (usually caused by high volatility from a surge of trading by speculators and market players) a government or central bank will use Forex market intervention to stabilize the situation. Central bank intervention can be used to boost or decrease a currencies value, most commonly for boosting or decreasing productivity and exports of a nation. Central banks, especially those in developing countries, intervene in the foreign exchange market...
