Skip to main content

Posts

Featured

A Step By Step Guides on How To Avoid Losses In Trading 1.1

  A Step By Step Guides on How To Avoid Losses In Trading -  Part 1.1 I n this article, we shall be taking a section by section and please make sure you follow every section of the parts until the end, to have elaborate understandings of trading in order not to invest your hard earned money blindly -  experience is the best teacher   Take a due diligence to go through this article on how to avoid or minimize the cost of losses that may arise from trading on the internet as it matters, but not limited to forex trading only. If you have been trading for a while now or you   have just got started or even planning to jump into the processes involve in trading forex, stocks,   options, indices, futures, as it is referred to online   trading in general;  here is a few things you might put at the back of   your memory that may limit, minimize or avoid   you losses in the course of trading on the internet   also may be referred to as margin  trading in forex. Although, even when there is no si
Recent posts

What Is A Forex Broker?

  A Forex Broker A forex broker is a financial services company that provides traders access to a platform for buying and selling of foreign currencies. Forex is a short form for foreign exchange. Transactions in the forex market are always between a pair of two different foreign currencies. A forex broker may also be known as a retail forex broker or a currency exchange trading broker. More On A Forex Broker The foreign exchange market is by necessity a global and 24-hour market. The clients of a forex broker include retail currency traders who use these platforms for speculation on the direction of currencies. Their clients also include large financial services firms that trade on behalf of investment banks and other customers. Any individual forex broker firm will handle only a small portion of the volume of the overall foreign exchange market. The Role of a Forex Broker Most foreign exchange transactions are between pairs of the currencies of the 10 nations that make up the G10. Th

Factors Responsible For Currency Exchange Rate Fluctuations

  Factors That Can Be Responsible For Currency Exchange Rate Fluctuations A collage showing paper money bills depicting post pandemic economy, a currency pair chart, and a wall street trader World Bank/IMF in the 1970s created what is known today as the foreign exchange market. There were time of fixed exchange rate regime  when currencies were exchanged at fixed rates, until later time when they adopted a flexible exchange rate regime where currencies were allowed to float freely and till this date. Currency exchange rate is the price at which foreign currencies can be converted to one another in the foreign exchange market at a given period. There are several factors which can affect currency rate at different time of the day, week, year or over the history of a currency. The foreign exchange market like a traditional market is majorly determined by Demand and Supply. Any other factor that is responsible for change in demand and supply is can also be considered as factor which accoun

Retail Trading Vs. Institutional Trading

Chart Of Euro Vs. Canadian Dollar R etail foreign exchange trading   is a small segment of the larger foreign exchange market  where individuals speculate   on the exchange rate between different currencies. This segment has developed with the advent of dedicated electronic  trading platforms   and the internet, which allows individuals to access the global currency markets. In 2016, it was reported that retail foreign exchange trading represented 5.5% of the whole foreign exchange market ($282 billion in daily trading turnover). Prior to the development of forex trading platforms in the late 90s, forex trading was restricted to large financial institutions. It was the development of the internet, trading software, and forex brokers allowing trading on margins, that started the growth of retail trading. Today, traders are able to trade spot currencies with market makers on margin. This means they need to put down only a small percentage of the trade size and can buy and sell currencies

Here Is A Few Points You Must Know Before Kicking Successful Online FX Trading

The forex market is the largest financial market in the world in terms of daily transaction volume which is approximately USD7trillion, according to a set of business data as of 2019. Online forex trading is quite popular among retail investors around the world due to its low barrier to entry, a wide range of instruments, easy accessibility via the internet on mobile devices, personal computer, and 24-hour availability. Retail forex trading involves opening account by individual retail traders through online brokers that accept forex & CFD traders. Some of these brokers are licensed with Top Tier foreign regulators. Covid-19 pandemic has further strengthened the interest in online investing & trading as more and more people are looking for quick returns on their investments or a side income. However, there are some risks associated with trading forex, CFDs & other financial instruments. Without adequate knowledge and proper risk management strategy, it can become very risky

Forex Economy - Market Risk-Off

At the time when the world is facing Covid-19 Pandemic Recovery; here is a few challenges facing the global economy and it is not just even about the pandemic that is the major, the foreign exchange trading industry is not left out still. --according to this article by Forbes' Robert Hart, UN Warns: "Decades Of Human Progress Set Back By Covid, Climate Change And Ukraine War. Crises like the Covid-19 pandemic, worsening climate change and the war in Ukraine have started to reverse decades of human progress in education, life expectancy and standards of living around the world, the United Nations warned in a report published Thursday, with the last two years having erased years of gains with little sign of improvement on the horizon. More From Forbes KEY FACTS Unprecedented back-to-back crises over the last two years, primarily the Covid-19 pandemic, has set human progress back five years, the UN Development Program (UNDP) said. The matter is a global issue, the UNDP stressed,

Forex Trading

The Foreign Exchange, Forex or FX Market   is a global decentralized or over-the-counter (OTC) market for the trading of one currency with another. In another word, FX trading involves converting one foreign currency to another foreign currency over-the-counter or with the aid of the inter-bank network exchange from any location in the world as a matter of a network of computers linked together via the internet. This market determines the foreign exchange rates for every currency digitally. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume and liquidity, it is by far the largest and most liquid market in the world, followed by the stock market. According to BIS’s 2019 triennial survey, trading in FX markets reached an incredible $6.6trillion in April 2019, approximately $7trillion per day. Participants And Structure Of The Forex Marke t Participants   In The Market Contrary to regulated stock markets that tr