With the breakout trading technique, you take a position at the start of a trend in the hopes of making money from the numerous trades that will come after. Discover the best entry methods for breakout trading as well as how to spot breakouts before they happen. What is breakout? A breakout occurs when the…
What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the US dollar in relation to a basket of other currencies, including those of the US’s major trading partners. The Dollar Index rises when the US dollar strengthens against the basket’s other currencies and falls when the dollar…
With Liz Truss resignation, the race for the Conservative Party’s next leader has begun. Because the law requires that there always be a Prime Minister, Truss has stated that she will remain in the position until her successor is named. The search for a replacement after Liz Truss resignation is expected to be completed by…
Economic downturns are unavoidable. They will appear when they are ready, not if they are ready. The following question for currency traders is, “Is the forex market recession-proof?” The answer is no, and this necessitates a response from forex traders. Consideration must be given to the type of recession involved, as well as making the…
When first starting out in trading, one of the most important aspects is deciding on forex trading platforms to exploit. Nowadays, there are so many options to choose from that beginners can easily become perplexed. What exactly is a trading platform, and how can you make an informed decision? Let’s figure it out right now….
What is forex risk management? Forex risk management involves implementing a set of guidelines and safeguards to make sure any unfavorable effects of a forex trade are controllable. Since it is not a good idea to start trading and then try to limit your risk as you go, an efficient approach necessitates careful planning from…
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