When starting out as a forex trader, one of the most difficult decisions is choosing the suitable currency pair. Along with many different components like position size, leverage, and length of time, the currency pair that you choose will directly impact the amount of success you will have. Below we will list out some beginner-friendly currency pairs and analyse the … [Read more...] about Beginners-Friendly Currency Pairs
Forex and stocks trading has become a relatively popular way of making money online. It refers to the process of buying and selling financial assets within a short period with the motive of making a profit. Forex trading has been popularized by brokers having significant marketing budgets and customers’ desire to make money online, and the perceived ease of doing so. This … [Read more...] about Forex Trading in Canada Guide
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
GBP/JPY is a pair that is favored by most Forex traders, since it combines the Japanese yen and the British pound, two of the most trusted and stable currencies. In the year 2020, Japan and the UK entered a trade agreement that promised to enhance the trade between the two countries by more than 15 billion pounds. This is one of the many reasons why people are … [Read more...] about The GBP/JPY Pair: How to Trade It in the Right Way
China’s growing influence can no longer be ignored. The country is home to one of the largest and fastest-growing economies. Likewise, it is backed by one of the most robust export economies. The country’s growing influence has also continued to shed more light on the native currency. China’s currency is increasingly becoming a key player on the international scene thanks … [Read more...] about Renminbi vs. Yuan Debate: Does China Have Two Currencies?