The Oxford dictionary defines the term ‘exotic’ as (to paraphrase) something originating from a foreign country. Since we are dealing with foreign exchange, you may be wondering, aren't all pairs exotic then? Some currency markets are ‘closer to home’ since they consist of developed economies and are traded by a large segment of the global populace. Exotic pairs are indeed … [Read more...] about All About Exotics: The Third-Most Traded Currency Forex Pairs
Forex Basics
Top 5 Most Volatile Forex Pairs to Follow
The nearly 100-year-old American investment advisor and author John Train put it best when they said, “For the investor who knows what he is doing, volatility creates opportunity.” It’s natural for many people to frown upon volatility. Heck, even the Oxford dictionary defines volatility as ‘liability to change rapidly, especially for the worse.’ Despite being a relatively … [Read more...] about Top 5 Most Volatile Forex Pairs to Follow
All About the Minors: The Second-Most Traded Currency Forex Pairs
Overview We live in a world of opposites: big and small, long and short, thin and thick, major and minor. The latter relationship applies pertinently to trading currencies. Because of the sheer size of this market, it makes sense to break things down into categories. After major pairs, the minor or cross pairs are the second-most traded bunch of forex instruments. The … [Read more...] about All About the Minors: The Second-Most Traded Currency Forex Pairs
All About the Majors: The Most Traded Currency Forex Pairs
It may be strange to think of the Forex market as some popularity contest, and to some extent, it is. Everyone is looking to see where the most action is to make the largest amount of money with the least risk. Despite there existing hundreds of forex pairs, some are more popular than others; these are essentially the major pairs. Of course, market popularity is only one … [Read more...] about All About the Majors: The Most Traded Currency Forex Pairs
How to Trade False Breakout
The goal of a breakout strategy is to profit on a large move that follows a pattern that is relatively easy to spot. Seasoned traders know the importance of being ready for several false breakouts while catching the momentum. As the name suggests, it refers to an attempt to break out of an established level that fails to go further. Traders should be aware of false breakout … [Read more...] about How to Trade False Breakout
