Getting started in forex trading can be a lot easier when you learn how to limit the risk. This article will discuss some of the different ways you can do this. The three main factors that you can use to limit the risk are liquidity, leverage, and diversification. Leverage Using leverage can provide forex traders […]
How Forex Traders Use ISM Data?
ISM data is an important indicator for currency traders. It is used to determine the strength of the US economy. If the number is higher than expected, the US dollar moves higher against other currencies. If the number is lower, the dollar weakens. If the number is equal to expectations, traders may take a neutral […]
The Volume of Foreign Exchange Market Transactions
The FX market is one amongst the largest markets in the world, with $6.6 trillion in trade daily. The top-tier interbank market does account for 51% of the global market’s transactions. This market is dominated by large multinational corporations that must hedge their risks and pay their employees in different countries. Some retail market makers […]
A Quick Guide to Forex Trading & Life
You’ve heard of Forex trading, but are you sure about it? The Forex market is an accessible, technologically advanced market that allows you to trade at your own convenience. It’s important to understand what Forex trading is, as it’s the exchange of currencies. The world uses currencies to buy and sell products, and almost everyone […]
Backtesting Mistakes That Beginner Traders Make
In trading, it’s important to use relevant information to design a strategy. While it’s easy to confuse relevant information with information that hasn’t been released yet, it is crucial to keep relevant information in mind when backtesting a strategy. For example, quarterly earnings reports are released, as is unemployment data, so you need to take […]