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Floating Exchange Rate
The value of a currency may be defined in different ways. Today, all rates are classified as either fixed or floating. In the first case, they are determined by the government. A flexible exchange rate, on the other hand, is defined by the market itself. Here is how these approaches to the exchange rate system...
What is Maximum Drawdown in Forex
Understanding Maximum Drawdown in ForexForex trading, with its high volatility and potential for substantial profits, also comes with significant risks. One of the critical metrics that traders must understand is the maximum drawdown. This metric can provide insights into the risks associated with a trading strategy and help manage expectations.What is...
How Much is 1 Lot in Forex
Forex trading, or foreign exchange trading, is one of the most popular forms of investment in the world. Understanding the fundamental concepts, such as “lot size,” is crucial to successful trading. This article explores how much 1 lot is in Forex, the different types of lots, and their implications on...
How to Trade the GBP/USD Currency Pair?
GBP/USD (Great Britain pound vs US dollar) is a major currency pair, which means it is one of the main and liquid Forex assets alongside EUR/USD, USD/CHF, AUD/USD, USD/JPY, and others. There is evidence that it takes from 12% to 17% of the total market trade turnover.The base currency is the British pound and the quote one – the...
Forex Market Definition
Today, it is the largest financial market that rarely sleeps. The volumes are spectacular – over $5 trillion US dollars worldwide, every day. This is more than for futures and equity combined. Here is how the fx market is defined and what parties it benefits.What Is Forex MarketSo, what is the Forex market and...
How to Read Forex Candlestick Charts
Forex trading can be daunting, especially for those who are just getting started. Candlestick charts are a crucial tool for traders aiming to visualize price movements and make informed decisions. In this article, we will explore the intricacies of reading Forex candlestick charts, ensuring that you have a clear understanding...
Basics of Buying and Selling Forex
Forex has been around for decades. The international currency market, which was originally open to institutional players, may now be accessed by anyone. It is the largest financial marketplace in the world, with daily volumes of over 6 trillion US dollars. Here are the basics of trading on Buying and Selling...
The major forex pairs
When you first start forex trading, it can feel like there’s a lot to take in. But one thing every trader comes to realise very quickly is that not all currency pairs are created equal.The major forex pairs, which are some of the most traded in the world, form the...