Bankruptcy is a big loss in business. As well as in the forex business, a trader can get bankrupt for the first trade. It must be scary trading.
Following a year of slowing global economy on aggressive fiscal and monetary tightening, reimposed Covid restrictions in China and the Russia-Ukraine war, weaking growth is expected to linger into 2023. Here are some insights on FX outlook 2023 that will help shaping your perspective with insights about the global economy and the anticipated performance of major currencies.
Feel like you’re just aimlessly riding the waves of the forex market unable to predict the outcome of certain trends? Well, say goodbye to second-guessing and hello to the Relative Vigor Index (RVI) Indicator. The RVI is a unique indicator that attempts to measure the underlying strength of a currency pair rather than just its direction, making it a valuable tool in the arsenal of any forex trader. So, buckle up and get ready for a great ride with the RVI Indicator by your side!
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The week ahead – Top 5 things to watch
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
In the forex business, traders should know about the technical method. It is used to analyze price change movements. So, traders should know about Simple Forex Average.
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex can change slowly and it can also change so fast. Therefore, traders should know about its movement use indicators.
WCG Markets:2023-01-20
The 40-hour workweek ensures regular pay regardless of how well one performs. A trading routine, however, does not fit with a traditional job description. Unless you make enough winning trades, you won’t make any money. A trader can work a solid 40 hours and still see no results. Yet, that doesn’t mean you won’t get rewarded. Getting out of the 9-5 mindset is the key to success, and here's why!
Forex is a dynamic global marketplace, where trillions of dollars are traded every day by buyers and sellers from all over the world. With forex trading becoming increasingly a global activity, macroeconomic events worldwide often have a greater impact on market activity. The global forex market is largely affected by inflation, economic reports, and political stability, which are the significant market movers.
If you want to make a career as an introducing broker (IB) or an affiliate in the foreign exchange market, you will find dozens of forex brokers looking to win your business. Visit any financial site, you are most likely to be bombarded with advertisements encouraging you to join as a referral partner. However, it’s ironic that most of these schemes out there turn out to be quite the opposite of what you expected.
The key takeaway we can share with you is during a recession, most investors should avoid investing in highly leveraged, cyclical, or speculative companies.
A forex market is always influenced by some factors. One of the factors is market conditions. Surely, market conditions always update an era's changes.
On Thursday, January 19, spot gold shock slightly up during the Asian session and is currently trading near $1909.20 per ounce.
On Wednesday, January 18, the dollar index intraday decline once expanded to 0.8%, down to 101.52, then rebounded back to 102 above, and finally closed slightly up 0.03% at 102.41. The EURUSD rose above 1.08; the GBPUSD rose above 1.24, which hit a new one-month high again; the Jpy/USD plunged 2.7%. After the dollar index rebounded, non-dollar currencies retreated sharply.
WCG Markets:2023-01-19
On Wednesday, January 18, international gold prices fell slightly for the third consecutive session, with the short term expected to dip to $1898, but expectations of a slower pace of interest rate hikes from the Federal Reserve limited the decline. The market is concerned about the upcoming U.S. PPI and retail sales data.