US indices finished yesterday’s session lower with all major benchmark from Wall Street dropping more than 1%. S&P 500 dropped 1.54%, Dow Jones moved 1.45% lower and Nasdaq declined 1.58%. Russell 2000 plunged 2.05% Risk moods improved during the Asian session amid rumors that China may relax its coronavirus policies in response to recent protests. […]
Many people like trading foreign currencies on the foreign exchange (forex) market because it requires the least amount of capital to start day trading. Forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers.
Because forex is so awesome, traders came up with a number of different ways to invest or speculate in currencies. Among the financial instruments, the most popular ones are retail forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), forex CFDs, and forex spread betting. Trade Forex In Different Ways It’s important […]
Unlike the other markets, forex trading does not have to stop when the sun goes down. Since the market is open 24 hours a day, you can trade when it is convenient for you. Also where it is convenient, so where you are does not matter as long as you are online.
When you buy a currency pair from a forex broker, you buy the base currency and sell the quote currency. Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. Currency pairs are quoted based on their bid (buy) and ask prices (sell)
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country’s economy, compared to other countries’ economies.
Once upon a time, before a global pandemic happened, people could actually get on airplanes and travel internationally.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
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