Blogs

How GDP Affects Forex Trading and Why Traders Should Care

CONCEPT OF GDP IN FOREX Definition of GDP GDP, or gross domestic product, is one of the most important indicators of a country’s economic health and potential growth. It measures the total value of goods and services produced by a country in a given period, usually a quarter or a

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The Significance of Interest Rates for Forex Traders

INTRODUCTION IN INTEREST RATES Interest rates are the amount of money that lenders charge borrowers. They charge borrowers for using their funds. They are usually expressed as a percentage of the loan amount per year. Interest rates affect many aspects of the economy. They impact inflation, growth, and exchange rates.

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What is an economic calendar? How it works, FAQs and Importance

DEFINITION AND PURPOSE FOR ECONOMICS CALENDAR What is an economic calendar? An economic calendar is a tool that displays the dates and times of major economic events and indicators from around the world. These include interest rates, inflation, GDP, trade, and more. Why is an economic calendar important for trading

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Divergence in Forex Trading: Strategies for Successful Trades

DIVERGENCE IN FOREX Understanding the concept of divergence in forex The concept of divergence plays an important role in technical analysis. In the forex market, divergence occurs when the price action forms a new high/low but the oscillator does not. This divergence in price and momentum signals a potential trend

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Retracement in Forex: A Complete Guide For Traders

WHAT IS A RETRACEMENT? A retracement is a temporary price movement in the opposite direction of the market’s prevailing trend. Retracements are common and natural phenomena. Traders take profits, adjust their positions, or react to new information. Do not confuse retracements with reversals. Reversals represent more significant and lasting changes

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A Guide to Using Support and Resistance Levels in Your Trading Strategy

Support and resistance are key technical analysis concepts that aid in identifying potential market reversals. They represent significant price levels where buyers and sellers battle for control, resulting in recurring areas where the direction may change. Mapping out levels of support and resistance on charts provides a framework for anticipating

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