Blog 361 Forex
FOREX SIGNAL BLOG
Welcome to our blog, where we write about everything related to Signals, Markets and Forex Trading.
Fundamental analysis is a study of the economic and political conditions of countries where currencies are traded on the foreign exchange market. The purpose of fundamentalist analysis is to assess the possible impact of political and economic events on currency price movements. As the commodity in the foreign exchange market is the currency, the “quality” of the commodity depends on the economic conditions of the country of origin.
Before entering a position, you need to know in advance when to exit the market. Traders will not hold positions indefinitely, that’s for sure. Knowing how long you want to maintain your position will determine your exit point and price. If you decide to hold a position for a week, then your profit target will naturally be greater than your goal of holding on to a few hours, because, given the longer period, you may want the price to rise further.
The market forex is one of the largest and most liquid markets in the world. In 2010, the daily trading volume in the foreign exchange market exceeded US $ 3 trillion. In the past ten years, the daily volume of foreign exchange transactions has increased by 40%, reaching 6.6 trillion dollars a day.
Technical analysis is defined as “research of market trends that mainly uses graphs to predict future price trends”. To make foreign currency trading profitable, you need to buy when the price is going up or about to go up, and sell when the price is going down or about to go down.
You will be pleasantly surprised to learn that novice traders can make money in the stock, foreign exchange and commodities markets. But how much can you get? Keep reading this article to learn strategies that can help you make money.
Forex is the abbreviation for “foreign exchange” (sometimes abbreviated as FX). It is the largest and most liquid market in the world, with an average daily trading volume of over 5 trillion US dollars.
This is a market that rarely closes! The foreign exchange market is open 24 hours a day, 5 days a week, and closed only on weekends. (What a bunch of lazy people!)
Therefore, unlike the stock or bond market, the foreign exchange market does not close at the end of each business day. Instead, trade simply moves to different financial centers around the world.
Traders wake up from Auckland / Wellington and start trading, then move to Sydney, Singapore, Hong Kong, Tokyo, Frankfurt, London, finally to New York, and then start trading in Wellington!
Unlike many other financial markets, forex traders can make money when everything is going well in the world and when things are not going well. So visit our blog daily that you will know everything about forex, strategies, copy trade, signals and more !!! 🙂