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Fundamental analysis has a great impact on how forex market is going to behave. This analysis helps the players to understand how the value of a currency is going to be in near future and that influences their forex trading pattern. In this analysis indicators released by governments and even respected academic sources have great [...]
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Forex market is a very volatile market and you should absolutely know what you are getting into while investing your hard earned money in the market. The best way to start a forex trading account is by first practicing on a demo account. If you become confident enough now, start an account with a reliable [...]
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Since forex market does not have any central exchange and is an OTC market, chances of fraud is greater here. That is why it is very important to choose the right broker for your forex trading. The regulatory bodies of many countries like USA have stringent conditions for becoming a broker and hence choosing one [...]
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In forex market parlance, a ‘pip’ is the smallest unit of currency which is equal to .0001 of the base currency of most countries. The only exception to this rule is Japanese Yen whose pip value is 1% of yen. It will be the smallest value that a broker or dealer will quote during a [...]
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One of the largest growing participants of forex market is the retail traders. They are individuals who participate in forex trading through their brokers. At past, there was no regulation which led to many financial scams. But many countries like USA have tightened the laws through regulatory bodies to weed out scammers. There are two [...]
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Large hedge funds and other well heeled “position traders” are often seen as speculators in the forex market. Most countries view them suspiciously as their participation in large scale forex trading can devalue a currency and cause other problems. For example, Central Bank of Sweden was forced to intervene in the market in 1992 due [...]
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