Many novice traders have heard of Gann’s method, which is highly accurate and popular in the trading environment. William Delbert Gann became famous for his outstanding ability to make accurate market predictions based on his calculations and observations. His approach was eventually turned into a trading methodology that allows you to predict market movements with incredible accuracy. In this article, we will take a closer look at the Gann technique and its application in trading. What is Gann’s Theory? Gann’s theory uses different geometric constructions and angles in conjunction with price and time. Gann believed that certain geometric angles had…
Author: Kent
Kent
Kent has been working in the FX industry since 2012, and has become a successful, experienced forex expert. He is a regular contributor to our website and provides exclusive insights into the financial markets.
In pursuit of more profit, traders are always on the lookout for new assets. It is essential for an investor to pick assets with high earning potential. One of the promising financial instruments is CFD – Contract for difference. So, what are CFDs, and how can you earn from CFD trading? Read on to find out. Contract For Difference And Its Features A contract for difference (CFD) is an agreement between a buyer (trader) and a seller (a CFD broker) that stipulates that the buyer must pay the seller the difference between the current value of an asset and its…
To be successful in the foreign exchange market, traders need to have a trading strategy that works for them. Without a forex trading strategy, some traders end up taking a gamble in the market with increased risk of capital loss. We examine what forex trading strategies are and look at some popular ones used by many traders worldwide. What is a Forex Trading Strategy? A forex trading strategy is a method used by traders to decide on when to enter and exit the market and which currency to buy or sell. Forex strategies may be developed by the traders themselves…
When you are looking for a broker to open an account and perform your trades, it is essential to know the advantages and disadvantages of the different types of brokers. There are three familiar brokers; ECN, STP, and Market Makers. It can be hard to know the best forex broker to choose. There are so many of them, all with different offers and terms and conditions. This article will give you insight into what some of these terms mean and how they can affect your trading. What Are Market Maker Brokers? A market maker or liquidity provider is a company,…
A forex broker is an intermediary between you and the interbank system. Forex trading is like an orchestra. There are many players, and each has a vital role to play for the performance to be successful. The same applies to the forex market, which consists of various participants. Read on to find more about forex brokers. Introduction To Forex Brokers A foreign exchange broker (sometimes called an FX broker) is a company that offers services to traders and investors who are looking for ways to buy or sell currencies. If you’re planning to trade forex, you’ll work with a forex…
When you hear about the forex market, you might think it’s a place for the banks and big institutions to trade currencies. But anyone can trade in the forex market, and that includes you. You probably have seen the term ‘forex’ somewhere online. Whether it was from an advertisement or article or someone who trades the market, this is because forex (also known as foreign exchange) is a vast global market for trading currencies. The Forex market is unique because of its trading volume, which averages $5 trillion per day worldwide! This is larger than all other markets combined! The…
Fundamental analysis is forecasting future currency value by analyzing all of the economic, political, and social factors relevant to it. The goal of fundamental analysis in forex is to evaluate a currency’s intrinsic value, which can help determine whether a currency is currently over-or under-valued compared to another. Fundamental analysis can help you create a profitable forex trading strategy by giving insight into how political and economic events affect supply and demand for currencies. For example, if traders believe that an economy has become too weak or is in danger of becoming so, they may sell that currency in favor…
Ethereum is the second-largest cryptocurrency in market capitalization and one of the mostpopular cryptocurrencies among investors. Ether is traded on the forex market through brokers.It’s easy to buy or sell it. As a commodity, the price of Ethereum can go up when its demand goes up and vice-versa. Several major forex brokers listed ETH/USD at the end of 2017, increasing its popularity and liquidity to new heights. Ethereum’s average daily trading volume exceeds $19 billion, and its market cap is approximately 362 billion. With so much trading, you can take advantage of these opportunities and trade ETH with forex brokers.…
Most people ask, “What is balance and equity in forex?”. Balance and equity are quite similar, but “equity” refers to your account’s total value, including any unrealized profits or losses. The term “balance” is used to describe your remaining funds, that is, how much money you have left in your trading account at any given point in time. If you have no trades open, then equity = balance. But once you start opening trades, they will affect your equity on the platform, and it will no longer be equal to the balance. What Is Balance In Forex? Balance is a…
Ripple(XRP) is currently one of the most profitable cryptocurrencies to trade. It has a market capitalization of approximately $18billion, which places it in third place after Bitcoin and Ethereum. The Ripple block chain platform was launched in 2012 to help banks settle cross-border payments more efficiently. Ripple has been quite successful in its endeavor. Today, it is used by more than 100 financial institutions in over 40 countries. It recently partnered with American Express to help speed up cross-border payments between the United States and Britain. This partnership will help American Express customers send US dollars to British pounds through…