Trading Blog

A forex trader buys and sells currencies on the foreign exchange market. Their goal is to profit from the fluctuating exchange rates between currencies and while the approach to achieve this may vary, the common rule of thumb is to focus on managing risk instead of chasing big profits.

While most retail traders tend to focus their trading strategy around technical analysis and price action, the truth is that fundamental indicators and financial news releases are the key drivers behind short-term market movements. The uncertainty before, during and after a significant financial announcement, however, increases both profit potential as well risk exposure. 

Over the weekend, tensions in the Middle East boiled over as several drone attacks hit state-Saudi owned company’s oil fields. This is the most profound disruption of global oil supply in recent history. 

Unlike trading individual stocks from several different companies, indices can provide a glimpse into the investors’ confidence in the stock market as well as the health of the economy of a country as a whole. 

Forex traders rely on their trading platform not only for the purposes of charting and plotting their trades but also for taking advantage of automated tools to enhance their trading accuracy and efficiency. Some platforms may excel in some respects while others may offer a more versatile toolkit without specializing in a single category.  

A forex trader’s goal is to achieve consistent profitability. This, however, requires minimizing the amount of the eventual losing trades. A trader’s plan of action or the forex trading strategies he will employ will be the determining factor in accomplishing this goal.

Everyone knows that the British pound or GBP is the official currency of the United Kingdom, but a little-known fact is that the GBP is one of the oldest currencies actively used today. Below, we’ll take a look at the history of the pound and how it performed over the years.

A company sells its stock in order to raise money for further expansion. It’s one of the most effective ways for an established company to access the capital required for future growth. Traders have been investing in the stock market for centuries now to gain access to the limitless profit potential they provide across a multitude of industries.

The first thing you are going to learn about forex trading is that it’s substantially risky compared with other financial markets. However, professional traders consider risk as a profit opportunity and aim to take advantage of market uncertainty with effective risk and money management strategies.

Regardless of your trading approach and whether you are mainly a fundamental or technical trader, you need to learn how to read a trading chart and a few key aspects of price action. Taking the time to learn the basics will provide a solid foundation for your success in trading the financial markets.