10 mistakes to avoid in Forex trading

10 mistakes to avoid in Forex trading  If you aim to become a successful and profitable forex trader, there are a number of seriously damaging mistakes that you’ll want to avoid. It should go without saying that you will make some mistakes when learning how to trade. It’s simply unavoidable. This is not necessarily aContinue reading “10 mistakes to avoid in Forex trading”

Forex market statistics on 16/6/2020

Forex market statistics on 16/6/2020 Gold Gold dropped to fresh session lows, around the $1717-16 region in the last hour, albeit lacked any strong follow-through and was last seen trading in the neutral territory. It later gained some ground to trade at $1727 GBP/USD GBP/USD retreats from highs after mixed UK jobs figures GBP/USD isContinue reading “Forex market statistics on 16/6/2020”

Introduction to Forex trading

Forex trading involves buying and selling of currency.  Currencies are traded as pairs.  For example Euro and US dollar written as EurUsd,  Euro and Great Britain pound written as EurGbp, Great Britain pound and US dollar written as GbpUsd.  The first mentioned currency is known as the base currency.  For example the EurUsd, the EuroContinue reading “Introduction to Forex trading”

Gold extended gains on Wednesday

Gold extended gains on Wednesday as global equity markets eased after a recent rally, while U.S. Treasury yields dropped ahead of the outcome of the Federal Reserve’s meeting that is expected to shed light on the state of the economy and further stimulus. Spot gold XAU= was up 0.1% at $1,715.43 per ounce, as ofContinue reading “Gold extended gains on Wednesday”