Category: Forex
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Why Do Part-Time Forex Traders Even Try?
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Forex trading is a hobby you do after work (or maybe during work) and do if you have enough strength to keep your eyes open. You don’t have the trading experience to spend your time on it, but it’s your dream. And it’s a great dream. But the days seem…
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How the Forex Market Became the World’s Biggest Market
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There are many markets available to traders, each with different purposes. Stock markets are for investing in companies, cryptocurrency markets are for investing in blockchain projects, and so on. But the largest market among them is the Forex market. Why is the Forex market the largest? In this article, the…
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Premium Forex Watch Recaps: Aug. 12 – 14, 2024
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Our currency strategists this week focused on another round of employment situation updates, this time from Australia and the UK, as potential drivers of short-term opportunities. Of the four scenario/price outlook discussions this week, It can be said that only one discussion saw both fundamentalist and technical arguments raised. To…
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Kenya Re half-year profit dips 10pc on forex losses
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Kenya Re’s net profit in the six months to June fell 10 percent to Sh1.06 billion, as foreign exchange losses eroded higher income from reinsurance and local investments. The Nairobi Securities Exchange-listed reinsurer reported a net foreign exchange loss of Sh800.25 million in the period, compared to a profit of…
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3 Unusual Tips for Newbie Forex Traders
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Are you tired of the good old trading tips for beginners? Here are some unusual (but very useful!) tips I’ve received from trading professionals: 1. Don’t look at profit and loss. Wait, what..? That’s right, close the P/L tab on your trading platform or cover this panel with tape if…
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The Role of Forex Brokers in Market Liquidity and Price Discovery
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From major financial institutions to individual investors, stock market participants7.5 trillion Daily forex markets rely on specialized brokers to access this vast and complex ecosystem. Forex brokers operate behind the scenes but play a vital role, serving as a crucial channel of communication between ordinary traders around the world and…
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Premium Forex Watch Recaps: Aug. 5 – 6, 2024
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Our currency strategists have decided this week to focus on the Reserve Bank of Australia’s monetary policy statement and the latest jobs data from New Zealand to discuss the price outlook for this week. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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4 Levels of Competence in Forex Trading
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In 1969 when my friends and I were enjoying the Beatles song Hi JudeManagement coach Martin Broadwell spoke about:Four levels of teachingTo describe the work that must be done to learn a skill. Broadwell discussed teaching, but his ideas about levels of competence became popular in psychology and self-improvement circles.…
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Israels forex reserves rise sharply
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Israel’s foreign exchange reserves rose from $204.665 billion to $213.634 billion over the past 12 months, slightly below the record foreign exchange reserves of $213.731 billion in March 2024. The Bank of Israel reported that Israel’s foreign exchange reserves at the end of July 2024 amounted to $213.634 billion, an…
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Premium Forex Watch Recaps: July 29 – 31, 2024
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This week, the calendar has provided a number of important catalysts, and our strategists have decided to focus on the Australian CPI update and the Bank of England Monetary Policy Statement to discuss the price outlook this week. Of the four scenario/price outlook discussions this week, It can be said…
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Kenya currency trading: Forex trading signals and how to use them
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Forex trading has gained significant popularity in Kenya over the past few years, providing a promising avenue for those looking to diversify their investment portfolios. One of the key aspects that can help traders, especially beginners, navigate the complex world of Forex trading is the use of Forex trading signals.…
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Premium Forex Watch Recaps: July 23 – 24, 2024
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This week our strategists focused on Eurozone business surveys and the Bank of Canada interest rate statement, which led our strategists this time to focus on the Euro and Canadian Dollar. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of…
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Japan touts G20 reaffirmation of forex commitments as key achievement By Reuters
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Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japan sees the recent G20 joint statement’s affirmation of existing commitments against excessive exchange rate volatility as a major achievement, Japanese Finance Minister Shunichi Suzuki said on Friday. “We believe there have been significant achievements at the G20, such as including…
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Japanese officials quiet on forex as yen sharply rebounds By Reuters
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Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda declined to comment on foreign exchange rates on Wednesday as the yen rose to its highest level against the dollar in more than two months. Asked about the yen’s recent…
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How To Deal With Fear In Forex Trading
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In trading, the fear comes from the increased possibility of losing money, which can happen at any time for the trader. Feeling afraid is normal, as fear is a basic survival mechanism. Without fear, we would not be able to recognize danger and respond to it appropriately. The problem with…
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Premium Forex Watch Recaps: July 16 – 17, 2024
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This week, the calendar gave us employment and inflation data updates to work through, prompting our strategists to focus on the NZD and AUD this time around. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments.…
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Premium Forex Watch Recaps: July 8 – 10, 2024
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Central bank events and inflation data updates were the preferred catalysts this week, prompting our strategists to focus on the NZD and USD. Of the four scenario/price outlook discussions this week, It can be said that both discussions witnessed the raising of fundamental and technical arguments. To become a potential…
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Israel’s forex reserves fell in June
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The Bank of Israel reported that Israel’s foreign exchange reserves amounted to approximately $210.278 billion at the end of June 2024, a decrease of $232 million from their level at the end of May. The Bank of Israel reported that Israel’s foreign exchange reserves at the end of June 2024…
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Premium Forex Watch Recaps: July 1 – 2, 2024
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There were plenty of catalysts to consider this week, and our forex strategists will be focusing on the Eurozone CPI and the UK General Election to determine asset selection and biases this week. Of the four scenario/price outlook discussions this week, Two discussions witnessed the raising of fundamental and technical…