As one of the largest and most liquid financial markets in the world, forex offers tremendous opportunities for savvy traders looking to make profits in a single day. However, succeeding in forex day trading requires a solid understanding of the market, a sound trading plan, and the ability to manage risk effectively. In this article, you’ll discover the top forex day trading tips and strategies that are proven to help you excel as a forex day trader!
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The UK economy is set to contract this year yet avoid a technical recession due to the changing global developments and support measures taken by the government, Chancellor Jeremy Hunt said in his budget speech on Wednesday.
Forex brokers are an essential component of successful trading. They provide you with the trading platforms and tools required to trade the markets and usually are the first ones to reach out to in times of trouble.
WCG Markets:2023-03-21
The goal of this article is to create awareness regarding some of the most common options trading mistakes in order to help options traders make more informed decisions.
Scalping, when used in reference to trading in securities, commodities and foreign exchange, may refer to either a legitimate method of arbitrage of small price gaps created by the bid–ask spread, or a fraudulent form of market manipulation.
When trading GBPUSD, the British pound is called the base currency and the US dollar is called the terms currency. The quote of the currency pair shows the number of US dollars needed to buy one British pound.
Tesla is the most highly valued automaker in the world while being only around the 20th largest by volume. Founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning and named after Serbian American inventor Nikola Tesla, Tesla, Inc. is one of the most familiar car brands in the world.
The week ahead: 5 things to watch.
On Monday (March 20), spot gold bottomed out during the Asian session after falling to near $1,968.12 per ounce. Because of technical adjustment needs and the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank joint coordinated action to enhance market liquidity, UBS agreed to buy Credit Suisse, once the risk aversion cooled. But this optimism quickly faded, buying on the low to help gold prices to reve
On Friday, market concerns about the banking crisis dragging down the economy made a comeback, coupled with the University of Michigan's consumer inflation expectations for the coming year plunging to 3.8%, the dollar index continued to dive, once falling to 103.68, closing down 0.53% at 103.85.
While no one knows how long a recession lasts, the financial consequences of making poor trading decisions during the recession can be devastating. Interestingly, there is one market that remains viable even when the stock and crypto markets plummet. Forex trading during recession offers excellent profit opportunities, as it offers income opportunities even during economic downturns. Let's explore!
Not every trader has the luxury of starting the trading journey with a big forex account. Does it mean that traders with a small trading account can grow their accounts? Yes, they absolutely can. Through the right risk management rules and good investment decisions, a small account can be turned into a bigger one.
Please refer to the following table for the changes in the trading hours during the month of March 2023. The time and date mentioned in this notification are the system time (GMT +3) and are subject to change. For up to date information, please refer to the information on our trading platform.
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
On Friday (March 17), in Asian session, spot gold rose in oscillations and is currently trading around 1931.75 US dollars per ounce, although the US dollar index has slightly declined, providing momentum for gold prices to rise. However, large American banks have injected $30 billion into First Republic Bank to rescue the Bank of First Republic, which has been caught in the recent financial turmoil. The Swiss Central Bank has also offered $54 billion in life-saving assistance to Credit Suisse.
U.S. stocks extended gains in the afternoon session yesterday on reports that major banks are in talks to bolster First Republic Bank sparking a rebound in shares of embattled regional lenders. Treasuries fell after the European Central Bank delivered a rate hike that added to bets the U.S. central bank will also raise next week.
Fundamental analysis is a way of looking at the forex market by analyzing economic, social, and political forces that may affect currency prices.
USD/JPY meets with a fresh supply on Friday and is weighed down by reviving demand for the JPY.