market data, news updates, and economic calendars to keep traders informed of market developments. Security is also a critical factor to consider when selecting a forex trading platform. Traders shou...
to start trading forex. Begin by familiarizing yourself with the basics of forex trading, such as how to read currency pairs, understand market trends, and place orders. Practice with a demo account b...
are considered high-impact events that can move the markets significantly. 2. Consensus expectations: Take note of the consensus forecasts for the event, which are the average forecasts by economists...
leading to a sell-off in the currency. 4. Retail Sales Retail sales data provides insights into consumer spending patterns and is closely watched by forex traders. Strong retail sales numbers are ind...
interest rates attract foreign investors seeking higher returns on their investments. Conversely, when a central bank lowers interest rates, it can weaken the country's currency as investors seek high...
2024-08-24 21:32:05