One of the major currency pairs traded in the foreign exchange market today is the pound against euro This is because both currencies’ have seemingly low volatility and stability. In this article we will discuss the factors influencing the prices of these two currencies. The Euro The euro is the

Entering the trading world for the first time can be a little daunting. Even the language appears foreign. People talk about spreads, pips, bears, bulls, volume and slippage and expect you to understand exactly what they mean. Without the proper preparation and knowledge you’re going to be left flailing around

Leverage is the ratio of your deposit to the lot you work with. In other words, those having a deposit of $ 100 can make a deal with a lot of 10,000 – in this case the leverage will be 1 to 100. If you set the lot to 5,000,

TREND TRADING STRATEGY Trend Trading is a simple forex strategy used by many traders of all experience levels. Trend trading attempts to yield positive returns by exploiting a markets directional momentum. Length of trade: Trend trading generally takes place over the medium to long-term time horizon as trends themselves fluctuate

Trading order types Here are some of the basic trading order types in forex market: 1. Market Order This is the simplest order type. There are market orders to buy and market orders to sell. A market order gives you whatever price is available in the marketplace. 2. Buy Limit

Advantages of trading the Forex Market 1) No commission There will be no clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail brokers are getting paid for their services by bid/ask spread. 2) No middleman Spot currency trading eliminates the middlemen and enable the trade directly

The Forex market comes with its own unique set of terms or jargon. So, it is very important to understand some of the basic forex trading terminology before learning how to trade in the forex market. Cross rate – It means the currency exchange rate between two currencies, which both

Price action analysis is about studying, reading and interpreting the price movement of a market over time, which using the raw price charts to trade the market and no indicators will be used. By reading the price action of a market, trader can determine a market’s directional bias as well

Following the reforms in 1978, China started to move away from a centrally planned economy, and towards a more market-based economy, although it is still not considered to be a totally free market. This is one of many reasons why foreign investors are not too keen on starting a business

Forex trading has become incredibly popular in Nigeria. Each day, retail forex traders in the country trade between ₦300-450 million. If you’re still unsure whether to join their ranks, discover what makes trading in Nigeria so special: Being in control of your own finances is more appealing than ever, given