The purpose of these articles is to introduce the forex market to you. As with many markets there are many derivative of the central market such as futures, options and forwards. In this book we will only be discussing the main market ...
Fed Funds Rate: Clearly the most important interest rate. It is the rate that depositary institutions charge each other for overnight loans. The Fed announces changes in the Fed Funds rate when it wishes to send clear monetary policy signals.
1. Never add to a losing position. 2. Always determine a stop and a profit objective before entering a trade. Place stops based on market information, not your account balance. If a "proper" stop is too expensive, don't do the trade.
The United States Commodity Futures Trading Commission (CFTC) warns consumers to take special care to protect themselves from the many types of commodities fraud being perpetrated in todays financial markets. The CFTC is the federal agency...
Money management is a critical point that shows difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year.
So now we know that the FX market is the largest in the world and that your broker or institution that you are trading with is collecting quotes from a centralized feed or individual quotes comprising of interbank rates. So...
A casual browsing of currency brokers’ platforms reveals an inescapable message. Forex is different from other markets such as stocks and commodities in many ways. The list of what distinguishes the currencies is extensive. However, what you will...