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What's the benefit of participating in demo contest for novice traders?
For InstaForex novice traders, participating in a demo account competition like this will open up 3 new opportunities i.e.:
- Enhance Trading Skills
- Compete with Seasoned Professionals
- Earn Valuable Prizes
Continue Reading at How Does Instaforex Help Novice Traders?
Why is PMI considered more useful in forex analysis than GDP?
GDP is published quarterly, and it is too long for companies to wait for GDP before making important decisions. Besides, different countries often have different methods of calculating GDP. Such a difference makes them practically incomparable.
Contrarily, an independent institution that counts PMI for many countries will certainly use a similar method. Unlike other economic reports published by government bodies, PMI is commonly held and published by private institutions. This ensures the independence of the survey and lends credibility to the result.
Continue Reading at Guide to PMI Data in Forex Analysis
What are the most influential commodities to the forex market?
The major global commodities that have the most influence on currency exchange rates and serve as important indicators in Intermarket analysis are gold and crude oil.
Continue Reading at All You Need to Know About Intermarket Analysis
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