What is currency pair? Do you know about spread and pip? Well, entering the forex trading world needs a good understanding of certain terminologies like them. Here you can learn about them.
Crucial for your success in forex trading, risk management can be made possible byways of diversification, understanding your odds, and calculating risk in each transaction. Here is the complete explanation.
One of the most widely talked issue right now is China's weak economic datas. Many analysts have expected China's economy to enter its boiling point and, for one reason another, to experience downtrend in 2014. Barclay's criticized China's debt management and warned them of the danger of systemic financial risk in short and mid-term. Even George Soros called China as the biggest uncertainty in the world right now, because its growth model have lost its steam.
No matter what kind of Money Management you have, allocating your capital and risk in order to attain profits is very crucial for your success as a trader in the forex market.
As commodities in financial market has the same role as stock and currency, the ups and downs of commodity prices could significantly affect forex market.
In forex trading, setting goals, preparing the resources, and evaluating your performance are essentials. Those are the aspects of trading plan that you need to learn early on to become a successful trader.
Price trends allow traders to earn profits. What creates them and what can we learn from the factors to predict the trend? Here is the full explanation.
One of the most overlooked but actually useful technical tools in forex trading is Gann Grid. You can apply it directly from MetaTrader's tool and use it easily to analyze price movements.
The first surprising news this year came last Friday (10/1). NFP (Non-Farm Payrolls) for December 2013 which was thought will be over 200,000, came out a measly 74,000. This is the worst job created since January 2011. The news shocked the market, and resulted in the fall of USD against all of its counterparts, including the Yen, Aussie, and Gold. It could be said that no one guessed this, because the previous NFP was so good (241,000).
