What you should know about news trading in forex?
When news trading in Forex, it’s important to remember that the market can move in either direction on any given piece of news. The key is to be prepared for either outcome and to have a plan in place so that you can profit no matter which direction the market moves. What you need…
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5 common mistakes made by new CFD traders
Trading has exploded in popularity as the world goes digital and more people look for ways to make money and be their own boss. With so much information available, it is easy to get overwhelmed. Here are five common mistakes that new traders tend to make that can cause you to lose or miss…
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How to use CFDs for hedging in stock trading?
CFD trading is a method of taking a position in the stock market without owning or borrowing any shares. A CFD is legal wagering on the price movement of an asset in the future. A trader does not own any assets when placing this bet; they merely speculate that an asset will go up…
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How to choose the best brokers when you trade stocks?
If you want to know how to choose the best brokers when trading stocks, this article is for you. A broker gives you access to trade in the financial markets, allowing you to buy and sell shares, currencies, commodities, and bonds. Most stockbrokers offer services with different fee structures, so your choice of a…
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Understanding the Foreign Exchange Market
Foreign exchange (Forex or FX) is the exchange of one currency for another currency, and it usually happens in the foreign exchange market. The forex market is the most liquid globally as millions of trillions of dollars change hands worldwide. Transactions don’t happen in a centralized place, but rather, they go through an expansive network…
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5 Options Trading Mistakes to Avoid
As a trader, you know that when you trade options, you can profit whether stocks go down, up, or sideways. This sounds great but the catch here is that you can lose more money than what you have invested in a short period when trading options. Of course, the same thing will not happen when…
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The Best Forex Trading Strategies – Pros And Cons
A forex trading strategy can be defined as a usable trading system that a trader can use to inform their buy and sell position for currency pairs. Numerous strategies can be used for trading forex, including fundamental and technical analysis. The best strategy should allow you to analyze the market and execute trades confidently and…
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Strengths and Weaknesses of Technical Analysis
Technical analysis encompasses the evaluation of historical price movements in a bid to predict the future movements of prices. Successful forex trade relies on the analysis of the underlying factors influencing the trade. Technical analysis is essential. It enables the traders to remain alert in the event of a particular price trend. Also, it aids…
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5 Best Forex Brokers for 2021
All forex traders need online brokers to trade. Finding a trusted broker is the key to success in the currency markets. The first step of choosing a forex broker is identifying your specific needs concerning platform features, analysis tools, and research materials. You will also need to understand your trading strategies and plan before choosing…
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Factors That Influence the Movement of a Currency in Forex Trading
In the forex market, numerous factors can affect the movement of a currency. To become a leading trader, you need to use analysis to make informed trading choices for your currency pairs. This includes observing different factors that affect the valuation of different currencies. Here are factors that influence the movement of currencies in forex.…
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