Rollover rates are the interest rates charged for keeping forex trading positions open overnight. The key guiding factor in the calculation of these rates is the differences between the interest rates of the currencies involved. Types of rollover In forex, there are two basic forms of rollovers: rollover debit and rollover credit. As described below, they can have the … [Read more...] about Rollover in Forex Trading
Forex Glossary
3 Critical Technical Analysis Concepts in Forex You Should Understand
Technical analysis is one of the two main areas of study (along with fundamental analysis) in forex. An analyst looking at a chart always tries to internalize certain aspects of the price movements they see. Is the trend changing or continuing? What is the magnitude of the momentum, weak or strong? Is price approaching key support and resistance? Although it’s a contentious … [Read more...] about 3 Critical Technical Analysis Concepts in Forex You Should Understand
Quote
Beginner traders often feel bombarded by common forex jargon that can confuse and confound their understanding. In order to better one’s understanding of the market and stock phrases that accompany currency data, one has to know what those phrases stand for. In today’s article, we go through the definition of ‘quote’ currency and explain it in context. What is … [Read more...] about Quote
Money Management
Money management is an integral part of managing risks in Forex. It involves using a single method or multiple methods in a consistent manner to ensure there is a peak profit for the trader. The concept centers on safeguarding the capital of the trader by efficient and successful management of the many risks faced during trading. Successful trading aids in the growth of a … [Read more...] about Money Management
Open Order
Every Forex trader has to have sufficient knowledge about different order types to execute trades successfully. In this article, we take a look at open orders and understand a bit more about their risks and rewards. What is an Open Order? As the name suggests, open orders are those orders that are awaiting their execution in the market. Their requirements may be unmet, … [Read more...] about Open Order
