What does a long position denote in FX trading?

To go long in foreign exchange trading (forex) means to buy with the hope that the value of your purchase will increase. It’s the opposite of going short when you expect the price to drop. In forex, the purchase you’re making is a currency, and when you go long, you profit when the value rises; …

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Forex Calendar: Which Days Are You Not Supposed to Trade?

1. Introduction In the fast-paced world of forex trading, timing is crucial. Traders need to be aware of the best times to enter and exit trades for optimal results. While the forex market operates 24 hours a day, it’s important to recognize that not all days are equally favorable for trading. In this article, we …

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Forex Trading and Crypto Trading: Which is More Profitable?

Welcome, fellow traders, to the ultimate battle of profitability: forex trading versus crypto trading. In one corner, we have the traditional giant, forex trading, where currencies dance and economies collide. In the other corner, we have the new kid on the block, crypto trading, where digital assets take center stage. But which one holds the …

Why you need a trust in Australia and what it is

As an investor in Australia, you may be wondering whether you need a trust. What is a trust, and how can you benefit from it? A trust is a legal arrangement in which one person (the trustee) holds property or assets for another person (the beneficiary). You can use trusts for various purposes, including asset …