Week Ahead: Bank of Canada Takes Centre Stage as Investors Price In a 50 Basis Point Cut
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- October 20, 2024
Reading Time: 10 minutes Forex market trading signals are short notifications of information containing buy or sell instructions. This can be for currency pairs, stocks, or cryptocurrencies, for example. Some signal providers—companies that provide trading operational signals—deliver additional information on top of a simple buy or sell instruction. Signals provide pointers for the trading decisions
READ MOREReading Time 12 Minutes. The foreign exchange market (Forex market or the FX market) is an arena that facilitates the exchange of the currency of one country for the currency of another country. Trading of currencies, such as the euro and U.S. dollar, are referred to as currency pairs, such as the EUR/USD, or cross
READ MOREReading Time: 8 minutes Cryptocurrencies Cryptocurrencies represent digital currencies (bitcoin [BTC], the largest cryptocurrency by market capitalization, Ethereum [ETH], and Litecoin [LTC], for example). Cryptocurrencies serve as a means of exchange and a store of value, relying on cryptographic techniques (cyber security) using blockchain technology to safeguard and verify transactions. Stocks Stocks indicate partial
READ MORECharts: Trading View (Italics: Previous Analysis) EUR/USD: Europe’s single currency came under fire on Tuesday versus a broadly stronger US dollar amidst news that Russia will further cut gas supplies to the EU, together with the IMF slashing growth estimates. In other news, US consumer confidence took another hit, falling to 95.7 in July—its third
READ MOREReading time: 17 Minutes Price action remains a widely followed trading strategy and falls firmly under the umbrella of technical analysis. Representing a broad discipline, technical analysis ultimately enables traders and investors to interpret the Forex Market (FX Market) and generate well-informed (albeit often subjective) trading decisions. Based on previous and real price movements, instead
READ MOREReading Time: 8 Minutes Many calculators are available to help Forex traders in the Foreign Exchange Market (Forex market) and take the hard work out of calculations. However, it is always prudent to understand the basics of manual calculations, giving you an insight into how it works. Frequently Asked Questions (FAQ) One of the most
READ MOREReading Time: 7 Minutes What is a Contract for Difference (CFD)? A CFD is a type of financial instrument, a derivative that involves two parties and pays the difference in the settlement price between when a transaction is opened and when it is closed. CFDs allow investors to trade the direction of a security’s price
READ MOREReading Time: 8 Minutes Thousands of trading robots are available, free and paid. It’s a minefield. With most advertisements claiming to be the best, it’s important to realise scams exist for beginners and old hands alike. If they claim unrealistic trading results and guaranteed profits, it’s probably a scam (buyer beware). Clearly, you must understand
READ MORECommodities are an essential part of the global economy since they are used to produce items that people use on a daily basis. They are also popular trading assets in the financial market. On a daily basis, commodities worth hundreds of billions of dollars are traded globally. Types of commodities There are several types of
READ MOREChart patterns are an essential part of price action analysis in fx trading. They are used to identify potential entry and exit levels in all types of forex pairs. This article will explore some of the most important trading chart patterns that traders need to know. Types of trading chart patterns Broadly, there are two
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