Forex economic calendar is one of the key services, which is necessary for the effective work of all traders.
In trading, levels where price changes direction (resistance or support) are often used.
The Fed funds rate is one of the most important benchmarks for investors and traders all over the world. Its adjustment significantly affects exchange rates and the economic situation of countries. Let's take a closer look at how all this can affect the stock and forex markets in the U.S. and around the world. It will help us understand why investors and traders pay so much attention to this indicator.
Gold is one of the most traded commodities in the world along with oil, natural gas, and grain. But this precious metal is also one of the most interesting assets because it is considered to be a major safe-haven asset and is used to hedge the risk of inflation. In addition, gold is widely used in various industries including jewelry, dentistry, medicine, cell phone manufacturing, etc.
Forex trend trading is exactly the way many traders use to make a profit on the currency exchange. Trend trading has many advantages: the ability to take a large number of pips due to a strong, directional price movement, a high probability of profit, and good accuracy of signals. These are the reasons that allow traders to use trend trading effectively.
With the development of technology and the Internet, investing can take many different forms. There are dozens of financial instruments available to anyone wishing to invest money to multiply it. One of them is investing in the commodities market. And there is no need to go somewhere for this purpose, to prepare warehouses for storing purchased goods and take care of their logistics. Then what is the point of such a market? It's quite simple: to set a fair price for goods and raw materials, control risks, and make money.
Any price movement can move in one direction only for a limited period of time. After that the quote changes its trend, goes to a sideways trend or starts an opposite trend. It is quite difficult to predict such changes, that is why modern traders invent more and more methods of market analysis. By understanding when a correction begins, traders can determine the probability of the next reversal and place appropriate orders.
There are a lot of myths surrounding investing. Some say that it is too complicated for a beginner, and you can't figure it out on your own. Others portray the image of a successful investor who travels all the time and does almost nothing. So, let's find out how things really are.
All traders on the forex market want to be profitable. But how is profitability evaluated? In most cases, we compare the size of incurred losses with the profit value. However, this indicator by itself cannot be sufficient motivation. In case of a series of losing trades, we run the risk of falling into one of the psychological traps.
The Moving Average is undoubtedly one of the most popular indicators. However, its wide popularity is not based on nothing. It is a simple but at the same time a powerful trend indicator. It clearly shows which way the price is trending, how clear the trend is, and when the reversal occurs. Today we will look at how to set up the Moving Average, how to use it, and what strategies can be implemented using this indicator.