Different Forex Markets & Their Timings
Forex Market Timings and Major Trading banks: Forex markets are open 24 hours a day from Sunday afternoon EST (Eastern Standard Times) to Friday afternoon EST. In the 5 days of week, there is always one financial market open all the time, when one market close other remains open. For e.g. when London market close [...]
How Many Currencies Are Traded In The FX Market?
Common Currencies traded in the FX Market. Currency Name Country Name Symbol Short Name US Dollar US USD Greenback Pound UK GBP Cable Swiss Franc Switzerland CHF Swissy Japanese Yen Japan JPY Yen Canadian Dollar Canada CAD Loonie Euro Euro Members EUR Fiber Australian Dollar Australia AUD Aussie New Zealand Dollar New Zealand NZD Kiwi [...]
Getting Your Hands Dirty with Forex
About Forex Forex refers to currencies such as the US dollar, Japanese Yen, Pound, and Euro. The forex market is a market or exchange where currencies are traded like other securities such as stocks and commodities. This just happens to be the world’s largest financial market, with a trading value of over $4 trillion a day. Forex, FX, or Foreign [...]
Dollar vs Yen
The USD appears to be moving in bearish trend and there are no signs of a reversal so far. The USD is likely to depreciate further as it is currently in a parallel channel and an exhaustion move has occurred. Supports for the pair USD are at 92.881 and 92.4357. These levels, if broken, may [...]
Weekly Economic Indicators
Select Economic Indicators for the Week Ending 11th September 2009 Unemployment Rate Date: 4th Sep 2009 Previous: 9.4% 2 Forecasted: 9.5 %2 Impact: High The unemployment rate is a leading indicator of economic health and well being in the country and tends to affect USD values strongly. The forecasted consensus suggests a marginal increase which [...]
US Home Sales May Signal Improvement
US new home sales lend may signal the beginning of a turnaround. 26 August 2009 New home sales numbers were up 9.6% per the Census Bureau’s data for July 2009. However, median new home prices were still down by a marginal 0.1%, following the trend set since July 2008, almost a year ago. New home [...]
Resources
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How You Can Trade Multiple Positions by Applying Money Management
To be a highly successful trader, novice traders must have a good trading plan. Trading multiple positions can be difficult without proper money management. Usually, traders will develop their own techniques of money management, based on their financial positions, trading styles, etc. One of the most popular strategies in money management is the Pyramid strategy, [...]
Risk to Reward Ratio Explained
Risk to reward ratio is used by traders and investors to calculate the ratio of potential gain to potential loss in a Forex trade. Mathematically, this ratio is calculated by dividing the amount of the expected profit with the amount of the assumed risk. Risk to reward ratio = Risk (potential loss*)/ Reward (Potential Gain**) [...]
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