When you trade a currency pair in forex, you are not buying or selling the individual currencies. You are only speculating on their future exchange rates and hope to make profits when the exchange rates move in the direction of your speculation.
There are many tools and information reports on the internet on which forex traders can make their trades. Some of those tools are useful enough to conveniently include in your trading strategy. One of such tools is the COT report.
The Forex market always moves in patterns. This makes sense when you consider how price has and will only move in one of two directions: up or down.
In an FX carry trade, you’re seeking to profit from a difference in interest rates between the two currencies within a Forex pair.
Investing is always a great way of generating additional profit. The ever-changing world we live in today gives us plenty of investment opportunities – stocks, real estate, commodities, gold, and even art. What about currencies though?
In one of our earlier articles we’ve described the top 10 most expensive currencies in the world, but our today’s list is going to be a bit different.
If you are a forex trader, you probably fall into the category of either scalp trader or day trader. The line that distinguishes the difference between a day trader and a scalp trader is a blurry one.
Forex candlesticks originated from Japan a very long time ago, and they have become popular since then. What makes them the preferred chart type for many Forex traders is that every single candlestick contains information about the opening price, closing price, the highest price point, and the lowest price point for every given period.
Are you trying to master the concept of trading supply and demand in Forex?
Alongside Googling “how to make money online”, entering a search query asking “how to become a successful Forex trader” is going to yield almost as many misguided and sensationalist recommendations.
