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Fiat Currency: What is it and How to Trade it?

A Fiat currency (also known as Fiat Money) is a form of money that is not backed by a physical commodity like gold and silver but rather by the government that issues it. US dollar, Euro, Pound, Yen, and other...

Category - Forex Articles

Fiat Currency: What is it and How to Trade it?

A Fiat currency (also known as Fiat Money) is a form of money that is not backed by a physical commodity like gold and silver but rather by the government that issues it. US dollar, Euro, Pound, Yen, and other major...

Gross Domestic Product (GDP): An Overview

Gross domestic product (GDP) is one of the most prominent indicators of a nation’s economic health and is probably the one that economists and investors pay close attention to. Several factors are taken into...

What is the US Fed Dot Plot and How to Interpret It?

The Fed dot plot summarizes the FOMC’s expectations for the future federal funds rate. Investors and traders around the globe closely watch changes in the dot plot to clue in upcoming changes in the Fed’s policy, which...

Key Economic Data That Influence Exchange Rates

The economic data that influence exchange rates are the same ones that determine the overall economic well-being of a country. Evaluating a country’s exchange rate provides valuable evidence of how well it is...

Short-Term Forex Trading Tips and Strategies

Short-term forex trading is a very popular investing approach that involves holding trading positions for a short period of time. Despite being very attractive and lucrative, it can also be risky. For successful short...

Forex Trading: Divergence Explained

Divergence in forex trading happens when the price of the traded currency pair is moving in the opposite direction of a technical indicator, usually an oscillator. In trading, divergence is seen as a warning sign that...

Minimum Capital Required to Start Forex Day Trading

It is possible to start forex day trading with investment capital as low as $100. However, such a low amount will limit your trading options and profit potential. For a successful forex day trading experience, you will...

How to Trade Exotic Currency Pairs in the Forex Market

Exotic currency pairs offer a riskier approach to profit in the forex market as they are less liquid and highly volatile. However, trading exotic pairs can be highly profitable if you understand how to deal with a...

Forex Trading: 7 Tips to Handle Trading Losses

Trading losses are an inevitable aspect in the world of trading and investment. Almost every trader will encounter a trading loss that will impact his trading attitude and find it hard to bounce back after. Except for...

Crypto Glossary: Cryptocurrency Terms You Should Know

In recent years, crypto trading has been booming. Investors are speculating the future possibilities of this new technology, which have driven most of the current market capitalization and valuations so far. Many see...

Gold vs Forex Trading: Which Should you Trade?

Gold has been a classic investment option for centuries and is commonly used as a hedge against inflation and a reliable wealth storage medium. Gold offers a good investment opportunity that is often less focused on...

Top Technical Indicators Used in Forex Trading

Technical indicators are an essential tool in forex trading, as they help traders understand the market forces and anticipate price movements in order to decide whether to buy or sell. These indicators play a vital role...

The Top 5 Profit Taking Strategies in Forex Trading

The profit taking strategy is an extremely important factor in the trading process. You make money only when you close the position and earn your profit. Most traders don’t know when to exit trades properly. They either...

What is the Right Amount Required to Start Forex Trading?

How much money do I need to start forex trading? It is a frequently asked question by forex beginners. The forex market is the most accessible market in the world, and it fits different trading abilities. With an...

Trading Psychology: Why it is Important in Money Making?

Trading psychology is an essential factor in money making. Actually, it is no less important for creating a successful trader than trading knowledge and experience. The trading psychology refers to the mindset of...

CFD Trading: What are CFDs and How to Trade them?

CFD stands for contract for difference, a popular financial instrument. A contract for difference is a contract between an investor and investment intermediate to exchange the price differences of an asset. CFD trading...

Candlestick Patterns Every Forex Trader Should Know

Candlestick patterns are popular charting tools that reflect price data helping to predict future price movements. They are a type of Forex Charts, a visual representation of a currency pair’s price over a set period of...

Top 10 Money Management Tips for Forex Trading

Money management is a key element for a successful forex trading experience. However, it is often overlooked by many active traders, not only newbies. Good money management is one of few factors that really...