Author: Kent

The nonfarm payroll report (NFP) is a key economic indicator in the United States. It represents the total number of paid workers in the US, excluding agricultural employees, government employees, non-profit organization employees, and domestic workers. The monthly non-agricultural payroll report is a major economic data release. It often causes significant market volatility, and a larger price movement than most other economic news releases. Because of this, many analysts, traders, funds, investors and speculators try to predict what the NFP report numbers will be, and what affect it will have on price movement. They then enter the market and use…

Risk management is a broad term. It encompasses every aspect of FX trading from the initial risk-assessment phase, leverage, the entry and exit strategies, and finally, the amount of capital or money you are willing to risk on any one trade. A successful trader will pay attention to each of these areas in their trading plan and ensure that they are in line with their overall trading goals and objectives. If traders cannot control risk, they will not be able to achieve long-term success, regardless of analysis or execution. Risk management in forex trading is also an ongoing process; it…

HotForex has been offering forex trading services for over a decade, opening its doors in 2010. The company’s head office is located in Mauritius, and it also has offices in Cyprus and Seychelles. HotForex is a multi-asset broker that offers trading in more than 150 financial instruments across the foreign exchange market and CFDs on commodities, indices, energies, stocks, bonds, and cryptocurrencies. The broker is regulated by various regulatory bodies such as CySEC, FSCA, and DFSA. HotForex is an award-winning forex and commodities broker, providing trading services and facilities to retail and institutional clients. Through its policy of providing the…

The forex market will always be unpredictable. You never truly know how the market is going to move, and prices can change very suddenly. That’s why having a stop-loss can be helpful. What is a Stop-Loss? A stop-loss order enables you to exit trades automatically, when a predetermined price is reached. This, in turn, enables you to manage your risk and limit any potential losses. Let’s take a look at an example. Say you buy EUR/USD at 1.1708 expecting it to rise. With this in mind, you set up a stop loss at 1.1688 which accounts for 20 pips. In…

You’ve heard about forex. You know it can be highly profitable. You’re interested in learning more, or you’re ready to start currency trading, and you want to know where to begin. Like any intelligent person, you have a lot of questions—and that’s good! Forex can be profitable for individuals who approach it with a sound trading strategy and proper risk management. Before you get started, take the time to prepare yourself properly. This forex trading for beginners’ guide is designed to help you understand what you need to do if you want to trade currencies for a living – and…

In the forex market, there are two types of market analysis: technical analysis and fundamental analysis. In this article, we will focus on fundamental analysis, and the use of economic indicators. This refers to the analysis of political, social, and economic forces that may influence the demand and supply of currencies. It also refers to the use of economic data and news in understanding those forces. Let’s take a look. Economic Indicators Economic indicators are reports disclosed by governments and private organisations that show the performance of a country’s economy. A country with a good economy has a high currency…

If you are just starting out in trading you may have come across the term hedging and wondered what it’s all about. Read on to find out what is hedging and why it can be important. Hedging is a strategy applied to reduce the amount of loss incurred in case of occurrence of an unfavourable event. Hedging only reduces the negative impact of an event on an investment but cannot prevent the adverse event from happening. A hedge is an investment that protects against adverse changes in prices on investments. Corporations and individual investors are the ones who mostly use…

Introduction to Forex Trading in Nigeria Forex trading is a popular form of investment for many Nigerians. It offers the potential for high returns and allows traders to take advantage of global financial markets. With its low cost, easy access, and 24-hour availability, it’s no wonder why so many people are turning to forex trading as an alternative source of income. In this article we will discuss what forex trading is all about and how you can get started with it in Nigeria. We will also provide some tips on how you can become successful at forex trading in Nigeria…

Success, in forex, is all about timing. In this article, we take a look at each of the different trading sessions, and why they are important in determining the best time to trade forex in Nigeria. Let’s Start From The Beginning Forex trading is when you exchange currencies, through buying and selling, with the aim of making a profit. In foreign exchange, currencies are traded in pairs whereby the value of one currency is measured and exchanged against the other. For example, if you buy the currency pair EUR/USD and the value of Euro rises against the US Dollar, then…

Instaforex is offering its traders a 100% welcome bonus. It is open to new clients who open their first live trading account. It is also available to existing clients who open a new live trading account. How To Get Started Step 1: You complete the online registrations process.Step 2: You open an Instaforex online trading account.Step 3: You make the minimum deposit via your online portal.Step 4: You start trading with any of their instruments. Things To Note Bonus funds are not available for withdrawal and are credited to deposit up to $2000. You can withdraw all the profit from…