A forex gap is defined as an instance where the previous day's closing price does not match up with today's opening price. This results in the creation of an empty space or gap in between the two candlesticks, as shown below: Forex markets, which are open twenty-four hours every day, are technically closed for the weekend. Only retail traders are barred from participating … [Read more...] about Gap Trading in Forex
Forex Basics
Forward Swap and How to Use It
Before we can define what a forward swap is, it’s important first of all to understand what a swap is in foreign exchange. A foreign currency swap is a mutual accord between two entities concerning the exchange of legal tenders. Swap agreements usually contain a swapping of capital and returns of payments on a loan created in a legal tender for capital and … [Read more...] about Forward Swap and How to Use It
Currency Pair Correlations
A currency correlation is a measure of the extent to which two currencies have a statistically significant link in terms of value and the chance that market readjustments would cause their prices to move in the same direction. Forex markets tend to reward traders based to a large extent on their understanding of the nature of relationships between different … [Read more...] about Currency Pair Correlations
Forex Trading in the UK Guide
Forex trading is a popular way of making money online. It involves buying and selling currency pairs through a forex broker. The practice has millions of traders globally who use their computers and smartphones to trade. In this article, we will look at how forex trading works and your guide to trade it in the UK. How forex trading works Foreign exchange (forex) … [Read more...] about Forex Trading in the UK Guide
Guide to Trading AUDUSD
In recent years, the popularity of AUDUSD has been on the rise. The pair includes currencies of developed economies. It is currently among the top 5 most traded currencies in the Forex market. Being one of the most popular pairs, you will have no execution-related problems when trading it. High liquidity allows less slippage, lower fees, tight spread, and greater market … [Read more...] about Guide to Trading AUDUSD
