So you want to become a forex trader. Great. Welcome to the world where candlesticks are unpredictable, your strategy works only when you're away from the charts, and your emotions can derail your progress faster than you think. Let’s talk about two things traders often overlook until they’ve made s

Partner Center Why do some currencies behave unpredictably, defying the logic of interest rate differentials? Welcome to the world of risk differentials, the unsung hero (or villain) in the currency valuation story! Risk differentials significantly influence currency values by affecting the behavior

Partner Center Remember that time you placed the “perfect” trade based on last quarter’s GDP, only to get blindsided when the market had already priced in completely different expectations? Here’s the brutal truth about fundamental analysis in forex: By the time those official GDP numbers hit the ne

Partner Center Markets started the week with dramatic moves as China promised looser policies and Syria’s Assad regime collapsed over the weekend, shaking up commodities and equities. Gold got a boost from safe-haven demand and Chinese stimulus hopes, while tech stocks took a hit on renewed regulato

If you have decided to try your hand at trading or know for sure that this area is for you, then you will undoubtedly face the dilemma of choosing a reliable broker. A reliable broker provides a secure and supportive environment where you can confidently focus on your trading goals and achieve the d

Partner Center Find a Broker Financial markets showed mixed behavior as traders processed statements from Federal Reserve officials, while Bitcoin made headlines by reaching new all-time highs and rising inflation data from the UK added to the mix. Let’s dive into today’s key market developments! He

Partner Center Find a Broker Market players seem to have woken up on the right side of the bed this week, as risk-on vibes led to strong gains for equities and higher-yielding currencies on Monday. How did the rest of the asset classes fare? Let’s take a look at the latest headlines and market perfo

Partner Center Find a Broker The New Zealand dollar dropped sharply earlier today and, no, it’s not because your trading platform suffered a “massive DDoS attack.” A few hours earlier, the Reserve Bank of New Zealand (RBNZ) surprised the markets by cutting its Official Cash Rate by 25 bps to 5.25% w

Partner Center Find a Broker New Zealand reported a 0.4% quarter-on-quarter increase in employment for Q2 2024, contrary to expectations of a 0.2% decline. The country’s jobless rate also turned out better than expected at 4.6%, a notch lower than the 4.7% consensus. Wage growth beat estimates as we

Partner Center Find a Broker It’s only Tuesday, but what a week already! 😲 Yesterday, investors, traders, and degens around the world experienced a roller-coaster ride as global stock markets plunged, only to partially recover today. A significant contributing factor to this turbulence was the unwi

What Are the Best Strategies for Trading Gold? Buying and selling gold has always been a great business opportunity. Gold is a safe haven asset, and in unstable economic times, many investors shift their interest to it. Thanks to gold futures contracts and gold ETFs trading, gold is available to any

Between July 6th and July 17th, the EUR/USD showed a remarkable upward trend, soaring from 1.08536 to 1.12484. Yet, the tides have shifted since then, as the pair embarked on a correction phase, experiencing a decline of around 1%. As forex traders gear up for what promises to be a busy week ahead,

Partner Center Find a Broker It’s gonna be another jampacked trading week! We’ve got the RBA and BOE decisions lined up, along with jobs figures from New Zealand, Canada, and the U.S. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week.

Partner Center Find a Broker What’s the best way to spend the last full trading week of July? If you answered, “Pack it with top-tier economic events” then you win a prize! This week, we’ll see a bunch of PMI readings from the major economies, Uncle Sam’s first Q2 GDP reading, AND monetary policy de

A comparison of base currency vs quote currency In this article, we will be exploring what is the base currency vs the quote currency in a currency pairing. The importance of these words is greatest in foreign exchange. To begin, as we know, whenever one trades in currencies, they always have to tra