Why Is the GBP/USD Referred to As the Cable?
The Cable dates back to the 1800’s, when all communication between the United States of America and Great Britain was done via an underlying cable across the Atlantic Ocean. This also was the method of transferring exchange rates in currency on the forex market in the early years of forex trading. Although things have somewhat progressed since the 1800’s.The Answer to the Question: Is Forex Trading Tax Free?
You may be faced with this conundrum: Is forex trading tax free? It all depends on your jurisdiction and the type of activity which you are getting involved in. In the first instance you may be a USA based firm trading internally with a brokerage firm within the same loop.Effects Of The Rate Hike On The Trading Market
Understand the rate hikes and their consequences on the Forex trading market. Here are the basic principles on which the rate hikes affect the value of currencies around the world.Understanding Live Forex Charts
The Forex market is the most liquid trading market in the world, and that also makes it the most dynamic market. Traders regularly make and lose tons of money in this market and for the most part, many new entrants find it highly confusing and overwhelming. As a trader in the Forex market, knowing current events as they unfold, and trends as they form, is crucial to your strategy and trading plan.Currency Trading Strategies Simplified
Forex traders generally employ one of two strategies while trading currency – Technical Analysis or Fundamental Analysis. Each of the strategies themselves can be executed differently, through means that individual traders pick for themselves. However, technical or fundamental forms the guiding principle behind a trader’s actions and decisions in the market.Forex Trading – What Is a Pip?
Forex pairs move in increments of pips – for every pip the pair moves in your favour, you make money, for every pip the pair moves against you, you lose money. Usually the pip is the fourth decimal place in the quoted exchange rate, though if the pair is quoted in Japanese yen then a pip is the second decimal place.Learning Forex Is The Key
Ya’ll know that I am ALWAYS talking about the necessity of a good Forex education. As a Forex educator, I realize that most people fail in the Market because they NEVER received a good education.How Newbie Traders Can Survive Without Hiring A Forex Broker
The price and exchange rate of currencies all over the world took a massive hit during the recession. Now, most currencies are rising in a steady, upward, pattern. This fact alone has contributed significantly to the rise in currency trade all over the world. Currently, a person can easily come across a large number of websites offering forex trade accounts. These online sites have rapidly replaced the need to hire a land-based forex broker.Overcoming The Economy (Part 2)
I am back talking about the economy again. So far, we have seen that there are many people who are concerned about the state of our economy, but have no idea what to do about it.What Is a Forex Currency Pair?
Forex currency is always traded in pairs, one pair being traded against another. The pairs are set in a certain format which is consistent throughout the 100’s of pairs that are available and each currency has its own individual symbol. The first currency in the pair is the base currency and will always represent a single denomination of that currency.Why Does Forex Have Such a High Failure Rate?
One of the most intriguing conundrums for traders is: why does forex have such a high failure rate? This happens despite all precautions which are exercised. The first explanations relate to chance and probability.Do Professional Traders Use Automated Systems Regularly?
You may be wondering as to the question: do professional traders use automated systems on a constant basis? The answer is a mixed bag. Although they undoubtedly benefit from these protocols, the entrepreneurs never forget that their sense of judgment is at the heart of all the actions which are undertaken.