Interest Rates and the Forex Market

Although there are lots of factors that determine the value of a currency, the interest rate of a country is one of the most significant factors that determine the currency value. Forex traders, in reality need to concentrate on the interest rates of the currency they are trading more than anything else. This article discusses the meaning of interest rates and the impact it has on the currency value of a country. Continue reading “Interest Rates and the Forex Market”

Pros and Cons of Paper Trading

The main issue a Forex dealer should address first is opening of a demo account. This is because it can be used without spending money and also when testing a broker. Recent trading strategies can also be tested to make one familiar with the behaviors of the market.

One should understand solely that the demo trading idea called sometimes “Paper Trading” is just slightly different from the main account. Success on demo trading doesn’t mean success too on live trading. It can show you a pattern but not surely assured. Continue reading “Pros and Cons of Paper Trading”

Top Forex technical indicators all traders should know

When carrying out surveys on the Foreign Exchange market, it could present a difficulty for fresh traders in the market and as well, those with little trading skills. Lots of novices begin by using excessive technical indicators in the charts they run, thus leading to exorbitant trading blunders. At last, those types of traders let go of technical indicators by seeing them as a feasible tool for analyzing the market place, however, it remains true is that one could produce positive trading indications by knowing the steps in using and interpreting them appropriately.Thus, the aim of this article is to show the best pattern of reading important Forex Indicators. Continue reading “Top Forex technical indicators all traders should know”