Guide page 8

A trader cannot trade on the international currency market on his own, so all operations are performed through a broker, acting as an intermediary between the trader and the interbank market. Obviously, the success of each trader largely depends on the broker, because it is that very factor determining the trading conditions, the list of available instruments, additional bonuses, etc. Almost all traders at the beginning of their journey face the problem of choosing a forex broker The beginners do not yet understand what features to be guided by in order not to fall for the fraudsters.

The Federal Reserve’s interest trade decision is arguably one of the most observed and traded events across the market. USD is the leading currency on Forex, so it makes perfect sense that the impact of the rate decision goes beyond the American economy and ripples out on dozens of other currencies and assets. It’s also worth mentioning that for advanced traders, the Reserve’s decision is mighty profitable. But before you jump headfirst into trying yourself out on the market, let’s take a few minutes discussing how to trade Fed rates effectively.  

Forex fundamental news trading is a strategy that consists of two categories, one predictable one and one unpredictable one. Economic news a set schedule, and traders are aware when governments and private agencies release a report. An economic calendar is the best tool for traders who favor trading those releases published every day. Some have more of a market impact than others. During days with little activity, even minor news can move price action. Geopolitical developments add an unpredictable variable to trading.

Trading on any of the markets is quite a complex activity. Unlike other professions, a trader needs to have a computer and a stable Internet connection. It is the minimal set necessary for carrying out activity on the forex market. So why not make trading a little easier by using various Forex instruments for this purpose.

As a trader, you will probably have a full understanding of all aspects of Forex trading. Some of them are very specific and should be given extra attention. One of them, in particular, is the use of Forex live signals. All traders should have a basic idea about these signals, but a good understanding of their importance in trading and, therefore, their practical necessity and further use. You have probably read numerous reviews that have given some insight into what makes the best Forex signals. It is necessary to remove the uncertainty from this topic.

Everyone will agree that trading on the news is a very dangerous venture and requires nerves of steel. But with the right news selection, this tactic can bring in a lot of funds in a matter of minutes. In this article, we will discover what Nonfarm payroll is, why is it so crucial to the economy, as well as how to trade the NFP report to your advantage.

The foreign exchange market has many members, including forex brokers, retail investors, and governments. With the daily trade volume in the forex market exceeding $5 trillion, it is the most liquid one, creating many trading opportunities along the way. The currency pairs and their exchange rates, and the forex spread are all affected by this daily trading activity.