Forex trading is the buying and selling of currencies with the aim of making a profit from their value changes. The Forex market is unique due to its 24-hour trading cycle and high liquidity. For beginners, understanding currency pairs, such as...
To use forex trading robots and Expert Advisors (EAs) effectively, start by selecting a reputable and verified robot or EA. Backtest the system on historical data to gauge its performance across different market scenarios. Regularly monitor the EA’s...
Key indicators include GDP, inflation rates, employment statistics, and interest rates set by central banks. GDP measures economic growth, with higher values indicating a stronger economy and potentially appreciating currency. Inflation rates impact...
Price Action Insights: Crude Oil The analysis of the price behaviour of Crude Oil is currently open to discussion. Following the expiration of the previous futures contract, oil is trading below the support level of the descending channel,...
Economic indicators play a pivotal role in forex trading by providing traders with data that can influence currency values and trading strategies. These indicators include statistics such as Gross Domestic Product (GDP), inflation rates, employment...