The dollar has lost 12% against a basket currencies since President Barack Obama took office in january, But selling of the greenback has been orderly, and there is no dollar crisis, analysts say. Dollar sentiment among market participants remains extremely...
One of the common themes of successful traders is that they are patient and wait for high probability set-ups to occur. However, many aspiring traders overtrade. They feel the more they trade, the more chances they will have to make...
Good trading comes from a combination of talent and hard work.By blending good analysis with effective implementation, your success rate will improve dramatically. Here are the four strategies that canĀ serve you well in markets. 1.Approach The first step is...
Interest rates are something that drives the foreign exchange market. The interest rate influences the exchange rate because it influences the demand and supply of currencies on the foreign exchange markets. While currency prices are what the market is all...
Economic conditions Econimic conditions includes factors such as jobs, unemployment, work ethic, infrastructure, inflation and direction of the economy. There are some economic indicators that detail a country’s economic performance. 1. Gross Domestic Product (GDP) GDP is considered the broadest...
Currencies are Grouped in Pairs for Trading When you trade in the foreign exchange spot market, you are actually buying and selling two underlying currencies. All currencies are quoted in pairs, because each currency is valued in relation to another....
Economic factors include: (a) economic policy, disseminated by government agencies and central banks, (b) economic conditions, generally revealed through economic reports, and other economic indicators. 1. Economic policy comprises government fiscal policy (budget/spending practices) and monetary policy (the means by...
The foreign exchange market (currency, forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. FX transactions typically involve one party purchasing a quantity of...