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First Steps in the World of Forex
Introduction If we think of crowded markets, pictures of bustling stock exchanges, with traders shouting purchase and sell orders could be the first thoughts that come to mind. However, there’s an alternative market that is virtual and huge which is larger than the stock market with respect to trading volumes and volume: The Forex market. […]
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Introduction The process of forex trading is a complex procedure which requires traders to make educated decisions that are based on analysis of the market and risk management and optimization of strategy. To aid traders in making these choices there is a range of sophisticated trading software and calculation tools readily available for purchase. These […]
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Bitcoin hovering around $16,700 Zone
Bitcoin price has gone further below and now trading at the $16,500 level. Bitcoin is in a loss-recovery mode, but may not be able to break through the $16,700 and $17,000 barrier levels. BTC is languishing underneath the $17,200 support line and approaching a bearish zone. Bitcoin has been consolidating its position below the $17,000 […]
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Double Bottom Pattern expected to support GBP/USD
GBP/USD is in recovery mode after being down for 3 weeks. The pair increases 0.11% to end close to 1.2190 after the mid-Asian session on Wednesday. In the process, the pair applauds the broad-based USD decline as the chances of recession fade. A point worth noting is the disappointing US housing stats that helped GBP/USD […]
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Bullish view
Take Profit – 1.2325 Stop loss – 1.2150 Buy Stop Loss – 1.2210 Bearish View Take Profit – 1.2000 Stop loss – 1.2260 Timeline – 1-2 days Support range – 1.2060 Resistance range – 1.2240 GBP/USD plays hide and seek with a break or bounce of 200-day moving average below 1.2100 level. After the recent […]
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EUR/USD Forex Signal: Larger bulls to stay intact above daily Tenkan-Sen
EUR/USD Currently trading at – Above 1.06300 Resistance: 1.0663; 1.0746; 1.0782; 1.0936. Support: 1.0589; 1.0564; 1.0498; 1.0443. The Euro remains on the back foot in European trading on Friday, after Thursday’s drop and formation of bearish engulfing which weighs on near-term action. Euro seemed under a bit of pressure in European trading on Friday after […]
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EUR/USD will have a hard time escaping the force of parity
EUR/USD currently trades above the 1.06 level, however trading pundits believe that the pair won’t easily leave the gravity force of parity. Multiple factors that drive EUR/USD It’s going to be a tough balancing act for forex markets with higher EUR rates on one hand, which will boost the carry-attractiveness of the currency and higher […]
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CFD Trading – What It Means and How Does It Work?
Contract of difference trading or CFD trading is one of the most popular ways to trade the financial markets without having to physically own the assets you buy and sell. A CFD is a binding agreement or contract between the trader and the broker that allows a trader to speculate the financial instruments like forex […]
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All You Need to Know About Zero Spread Brokers
With the increasing popularity of forex trading the number of forex brokers have also increased, which in turn has increased the competition between them. In order to win clients, brokers have started offering zero spread trading accounts. Some of the brokers add other hidden trading charges when they claim to offer zero spread accounts. This […]
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Leverage in Forex Trading
Leverage trading is also known as margin trading which is a trading approach where traders borrow capital from the broker that increases the trading exposure to the forex market. The forex market is highly volatile, hence using leverage becomes risky. Because of the risks fraught with leverage trading, using leverage is mostly recommended for experienced […]
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