In 1944, the Bretton Woods Accord was signed, allowing currencies to fluctuate within a range of ±1% from the currency’s par exchange rate. As a result, the Bank of Tokyo became a center of foreign exchange by September 1954. Between 1954 and 1959, Japanese law was changed to allow foreign exchange dealings in many more […]
In the next section, we’ll reveal WHAT exactly is traded in the forex market. The FX market is a global, decentralized market where the world’s currencies change hands. Remember that the trading limit for each lot includes margin money used for leverage. This means that the broker can provide you with capital in a predetermined […]
At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. Margin trading in the financial markets is speculative and implies a high level of risk, […]
More than 100 basic questions and 45 real historical forex trade analysis based questions. It’s also important to consider exactly how you’re going to create a methodology for entering and exiting the market, and whether this will be based on fundamental or technical analysis. Any news and economic reports which back this up will in […]
The base currency is the first currency that appears in a forex pair and is always quoted on the left. This currency is bought or sold in exchange for the quote currency and is always worth 1. Trading forex is risky, so always trade carefully and implement risk management tools and techniques. FXTM offers a […]
For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the Forex market than in other markets. For those with longer-term horizons and larger funds, long-term fundamentals-based trading or a carry trade can be profitable. A focus on understanding the macroeconomic fundamentals that drive currency values, as well as […]
Foreign exchange fixing is the daily monetary exchange rate fixed by the national bank of each country. The idea is that central banks use the fixing time and exchange rate to evaluate the behavior of their currency. Fixing exchange rates reflect the real value of equilibrium in the market. Banks, dealers, and traders use fixing […]
The difference to the bar charts is in the ‘body’ which covers the opening and closing prices, while the candle ‘wicks’ show the high and low. There are four traditional majors – EURUSD, GBPUSD, USDJPY and USDCHF – and three known as the commodity pairs – AUDUSD, USDCAD and NZDUSD. This means they often come […]
By choose a Forex news trading platform that is regulated by one or more of the above bodies – you can rest assured that the provider is safe. This is because it comes packed with professional-level tools and features that to the untrained eye – might come across as somewhat intimidating. Although the spot market […]
Within the interbank market, spreads, which are the difference between the bid and ask prices, are razor sharp and not known to players outside the inner circle. The difference between the bid and ask prices widens (for example from 0 to 1 pip to 1–2 pips for currencies such as the EUR) as you go […]
