The forex market began the week with traders anticipating decisions from the US Federal Reserve, the European Central Bank, and the Bank of Japan, with high volatility expected from Wednesday…
1️⃣ "Forex trading is a get-rich-quick scheme." ❌ Truth: Successful forex trading requires patience, discipline, and a well-crafted trading plan. 2️⃣ "You need a large initial investment to trade forex."…
Carry trade is a popular forex trading strategy that involves borrowing a currency with a low-interest rate and using the proceeds to invest in a currency with a higher interest…
Currency pairs are the foundation of forex trading, as they represent the value of one currency relative to another. Forex traders buy and sell currency pairs to profit from fluctuations…
Correlation is a statistical measure that indicates how two variables move in relation to each other. In the context of forex trading, correlation is used to determine the relationship between…
