ForeX Box

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...

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, ...

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 market...

Forex market analysis is the process of considering which currency within a pair is likely to go stronger over a particular period of time. Forex traders can then use this knowledge to buy the currency that they expect to appreciate in value, or to sell the currency they think will decline in value. To help make these predictions, forex traders will study a range of sources. These include fundamental factors, such as the state of the nations’ economies, the price of relevant assets such as oil, or any major news events affecting international economics. Technical factors are also considered, such as the recent price history of the currency relative to its historical averages. File Photo: US Dollar Bills and Coins Fundamental Analysis Traders who use fundamental analysis may look at factors such as the interest rate and inflation outlook for the currencies of the pair they intend to buy or sell. They will also look at factors such as employment, which may provide insi...