Four economic releases that affect the pound are presented below. Trading around economic indicators can be a key challenge for the Forex trader.
Category: Trading Essentials
Forex Market can be analysed in two different ways, individually or in combination. Let’s discover Fundamental and Technical analysis and see how sentiment affects Forex analysis too.
The most wonderful time of the year is here! The time has come to say goodbye to 2018 and all its amazing or less amazing moments. How about make a fresh start and set a new trading strategy?
You can use a lot of automated orders during your trading activity which can help you succeed. We have already learnt about Take-Profit Order and Stop-Loss Order. Let’s now find out about One Cancels the Other or OCO order.
“Take-profit” or T/P order closes your trade when it reaches a predetermined monetary amount (profit) to exit the transaction. All the trader has to do is to place a take-profit order at an exchange rate higher than the purchase rate. Let’s try to define whether there is some key level that would make a logical take-profit point.