The forex trading industry, like all other industries, has its important terminologies. Some of these terms are relatively easy to use and understand. For example, any forex trader knows what a pip and a currency pair are. However, there are other terminologies used mostly by advanced forex traders. In this article, we look at some of those terms, what they mean, and how you … [Read more...] about 5 Forex Jargons Popular Among Advanced Traders
U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed
The average hourly output of British workers posted slight gains in 2020 even as the COVID-19 pandemic hit total production, according to Reuters. U.K. production rose by 0.4% last year, while total production dropped nearly 10% due to the pandemic.The Office for National Statistics (ONS) said the productivity impact of 2020's economic collapse differed from the 2008-2009 … [Read more...] about U.K. Productivity Slightly Up In 2020 As Lower-Paid Workers Furloughed
Global Oil Demand on Its Way to Recovery, Says IEA
Global oil demand on its way to recovery based on the latest forecast of the International Energy Agency (IEA), the WSJ reported Wednesday. The IEA raised its annual forecast for global oil demand by 230,000 barrels a day to an increase of 5.7 million barrels a day in 2021.The figures are still 3% short of 2019 levels, but investors will likely take this as a sign that … [Read more...] about Global Oil Demand on Its Way to Recovery, Says IEA
R0B0.1 Review
R0B0.1 is a 100% automated Forex EA that claims to let you trade even without any prior trading experience and to eliminate emotions from the trading process. The vendor portrays the robot as a functional system that’s affordable for all kinds of traders in a time when the Forex market is riddled with scams and fake offers. It promises to minimize your losses while making your … [Read more...] about R0B0.1 Review
ADX in Trading Strategy
Average Directional Movement Index (ADX) is a widely-used indicator that is often employed to measure how strong a market trend is. However, ADX is not used to determine whether a market has assumed a bullish or a bearish trend. It is used to assess the strength of a trend using the average expansion in price range values. How does ADX work? ADX determines the strength of … [Read more...] about ADX in Trading Strategy
