Education
23 October 2023
How to Use the ATR (Average True Range) Indicator?
AI Hub
28 June 2023
When Is It Appropriate to Use Hedging in Forex Trading?
When it comes to forex trading, hedging is a popular risk management strategy that involves taking out two simultaneous trades in different directions. This way, you can offset any losses incurred from one trade with the profits from the other. While hedging can be an effective tool for reducing risk and preserving capital, it’s important to understand when and how to use it properly. What is hedging? Hedging is a strategy used by traders to reduce or offset the risk of potential losses from their trades. It involves taking out two simultaneous trades in opposite directions on the same currency pair or other financial instrument. For example, if you have an open long position on EUR/USD at 1.3000 and are worried about a potential price drop, you could open a...
Forex news
30 May 2023
Is 2023 a Good Year to Invest in Gold?
AI Hub
19 April 2023
What are the factors that bring about fluctuations in the forex market?
The foreign exchange (forex) market is the largest and most liquid financial market in the world. It has a daily turnover of over $5 trillion, making it the most traded financial asset class. The forex market is driven by a variety of factors, including macroeconomic news, political events, central bank policies, and investor sentiment. In this article, we’ll take a look at some of the key drivers of forex price movements. Macroeconomic News One of the main drivers of forex prices is macroeconomic news. This includes data such as GDP growth rates, inflation rates, unemployment figures and other economic indicators that can affect currency values. For example, if a country’s economy is growing faster than expected or inflation is higher than expected then its currency will usually appreciate against other...
