Passive Income in Trading: Is it Possible? Passive income refers to regularly generated money that requires minimal effort from the recipient to maintain and earn it. Passive income includes gains on stocks, commodities, interest, capital gains and lottery wins, etc. In the context of trading, passive income involves purchasing or creating an asset that offers value … [Read more...] about Automated Trading or Managed Accounts: Pros and Cons
Think You’ve Found a correlation in Forex Market? 4 Questions To check if its reliable for trading
Correlation explained A Correlation refers to a statistical relationship, which shows the independence of two variables. During the years 2007 to 2008, traders started to realize the importance of correlations between forex and other asset classes. They realized that it was important to watch other markets as well. Presently, traders use correlations extensively to forecast … [Read more...] about Think You’ve Found a correlation in Forex Market? 4 Questions To check if its reliable for trading
Price Action Trading: How To Perform Bar-By-Bar Analysis
Price Action Trading Bar by Bar Price action trading is a methodology for speculating the financial market that consists of the basic price movement analysis across time. Many retail traders, institutional traders, and hedge fund managers use price action trading to predict the future direction of the financial market quotes or security. To put it simply, price action is … [Read more...] about Price Action Trading: How To Perform Bar-By-Bar Analysis
US Dollar In Forex Trading: Do You Take It Seriously?
DXY, also known as the US Dollar Index, measures the US dollar's strength against a basket of six major currencies. It is a trade-weighted index calculated using the exchange rates of the British Pound, Euro, Canadian Dollar, Japanese Yen, Swedish Krona, and The Swiss Franc. The Euro exchange rate accounts for the most significant share of the US Dollar index value at … [Read more...] about US Dollar In Forex Trading: Do You Take It Seriously?
Forex Fundamentals: Domestic vs Global Drivers
There are three primary domestic drivers of currency and four main global drivers. Although the drivers are somewhat interrelated, yet they are unique and deserve discussion one by one. To understand how some of the factors interrelate, you can check out the figure below. From the image, you can get an idea of the interplay and relationships between domestic and global … [Read more...] about Forex Fundamentals: Domestic vs Global Drivers
