DXY, also known as the US Dollar Index, measures the US dollar's strength against a basket of six major currencies. It is a trade-weighted index calculated using the exchange rates of the British Pound, Euro, Canadian Dollar, Japanese Yen, Swedish Krona, and The Swiss Franc. The Euro exchange rate accounts for the most significant share of the US Dollar index value at … [Read more...] about US Dollar In Forex Trading: Do You Take It Seriously?
Trading Tips
Forex Market Players
Taking a look at the participants and understanding the microstructure of forex markets is very important for investors and traders. Having an idea about the different counterparts in the forex market is as important as learning about the similarities and differences between different fiat currencies. The various players include entities such as banks, hedge funds, corporations … [Read more...] about Forex Market Players
Trading Psychology: Understand Your Trading Personality Profile
Why It Is Essential to Understand Your Personality In Trading? Your trading personality profile is very crucial for you, especially when you are still in the learning process for trading consistently. By understanding your personality in trading, you can focus on learning strategies that have the highest potential to provide you with profits. You already know that learning … [Read more...] about Trading Psychology: Understand Your Trading Personality Profile
An Insight into Confluence Areas in Forex Trading
Trading confluence is an area in the Forex market where two or more structures come together and form a high-probability zone for buying or selling. It is a bit challenging to understand confluence and the way of using it effectively. Some traders depend on indicators solely for developing a trading zone, while others focus on price action. Then again, some prefer combining … [Read more...] about An Insight into Confluence Areas in Forex Trading
Understanding Margin Trading in Forex
In the Forex market, margin trading refers to the process of making a deposit with a broker, in order to open and maintain positions, in one or more currencies. Margin is considered as a portion of the customer’s account balance, set aside for order trade. It is not a cost or a fee. Requirements for the amount of the margin can vary, depending on the brokerage firm … [Read more...] about Understanding Margin Trading in Forex
