NZD/USD nears key resistance at 0.5774–0.5804 ahead of the RBNZ’s expected 50 bp rate cut, with long-term bearish pressure limiting upside potential.
There are two primary ways to become a more successful Forex trader - to practice, and to learn about the industry.
At DailyForex, our goal is to simplify your trading so that you can trade easily and smartly. To this end, we offer you a collection practical articles written by our Forex experts to help maximize your trading success.
You can also browse our articles by category to find information and trading strategies that can help you improve your profitability and enhance your trading experience.
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The Forex industry offers multiple account types to suit nearly every trader style, from Market Makers, ECN accounts, Standard Lot Accounts, and Micro Accounts to Mirror Trading accounts, Demo Accounts and more.
In this article, I’ll cover the basics of trading bots and, more specifically, what Forex Fury offers traders, its features, performance, risks and ultimately, whether it holds overall value to traders.
Top Regulated Brokers
Everyone who looks at a Forex chart spanning longer periods, like the D1, notices two common features, which is price action either moves generally in one direction, known as trending, or bounces between two well-established levels, support, and resistance, known as ranging.
One of the most-commonly repeated trading mantras is that the ‘trend is your friend.’ I will examine why this principle is useful and what it means. I will also cover how to use a technical analysis approach for trend identification, and which are the Forex pairs that trend the most.
Traders have tens of thousands of instruments from numerous asset classes available to them to trade, which offers flexibility to earn money from financial markets. Two of the most-traded asset classes are Forex and Indices, with good reason.
CFDs are often the best instrument for active traders, but UK and Irish traders may have a more tax-efficient method: what is known as ‘spread betting’. I will explain key differences between CFDs and spread betting, allowing you to decide which derivative is the best fit for your trading requirements.
Over the last two decades, index trading has exploded in popularity and become the most common way individuals invest in the markets. Many investors today use only index funds to grow their accounts. And that is for good reasons: index funds have become low-cost and simple to use. Index funds are also easy to access, with banks, financial advisors, and brokers offering index investing. Read on to find out more about index trading.
Today, nearly all trading is “electronic trading.” Switch on your computer. Login to your broker’s account. See what you want to buy or sell. Click your mouse, and you are in a trade. It seems easy, right?
Bonuses & Promotions
It is a fact that most independent self-funded traders are unprofitable. For example, Forex brokers required to report on client losses under EU law usually report that between 60% and 85% of their clients are losing money.
Forex traders should be aware of the Western holiday season of Easter because it impacts market opening and arguably the market itself.
Read our beginner’s guide to decentralized finance, what it is, how it works, and the pros and cons of using DeFi.
Learn about the top Forex trading strategies, what they are based upon, & how to build a successful Forex trading strategy.
Find out what is likely to happen to the price of Bitcoin in 2022. A high-level analysis and price forecast using Bitcoin’s technical and fundamental outlook.
Expert analyst forecast for the American stock market’s performance in 2022. Learn whether the S&P 500 and SPY stock are buys.