Pros and cons of technical analysis One of the biggest arguments to illustrate the cons of technical analysis is the widely-held belief of being a lagging indicator. The information traders get from this form of studying the markets is thought to be 'after the fact.' Technical analysis uses the premise that markets repeatedly move in a wide plethora of patterns. Because … [Read more...] about Forex Market Analysis – Beyond The Charts
Forex Basics
What moves HKD USD and Hong Kong Monetary Policy
The Hong Kong dollar is one of the most traded currencies in the world and has its value pegged to the US dollar. In this article, we take a look at the factors that influence the exchange rate of the HKD/USD currency pair and the role of the Hong Kong Monetary Authority in keeping it pegged to the USD. HKD/USD and HKMA (Hong Kong Monetary Authority) The Hong Kong … [Read more...] about What moves HKD USD and Hong Kong Monetary Policy
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
What Moves Currency Pairs: Understanding the NZD/USD?
NZD/USD Introduction A forex trader is, essentially, one whose understanding of the forex market is above par. It includes good knowledge of individual currencies that make up currency pairs. Such information is critical when creating winning forex trading strategies. From the foregoing, the New Zealand dollar (NZD) is a significant currency – which is to say it one among … [Read more...] about What Moves Currency Pairs: Understanding the NZD/USD?
To Algo Trading From Telephone Lines. How Forex Trading Evolved
Before entering the world of forex trading, you need to know the evolution of trading. By doing this, you can fully understand the evolution of the global monetary system, the history of currency markets and currency trading, and different types of the algorithm that operate in currency markets. A Short History of Currency Trading The business of forex trading has … [Read more...] about To Algo Trading From Telephone Lines. How Forex Trading Evolved
