Currencies and their exchange rates are susceptible to external factors such as political developments, monetary policies and inflation rates. This is particularly pronounced in emerging economies such as the South African currency, the rand (ZAR) which offers several profitable opportunities throughout the day.
The USD/ZAR pair is classified as an exotic forex pair because South Africa is still considered an emerging economy. Exotic pairs are normally quite volatile and thinly traded, but USD/ZAR is actually one of the most popular ones on the list.
The huge leaps in the price of Bitcoin and other cryptocurrencies are driving trading volume and high volatility in the markets. This translates to more profitable opportunities for traders.
SILVER (XAG/USD) is often overlooked by both experienced and new traders who find more headlines about GOLD in financial news. Yet, silver trading can be more affordable than trading other precious metals and provide a greater potential profit of other precious metals if they touch their previous all-time highest prices.
A forex trader’s goal is to achieve consistent profitability. This, however, requires minimizing the amount of the eventual losing trades. A trader’s plan of action or the forex trading strategies he will employ will be the determining factor in accomplishing this goal.
The EUR/USD is the most widely traded currency pair in forex as it’s the basis for more than 30% of the entire trading volume of the market. Learn why this pair is so favorable to traders and how you can take advantage of its price movements through the award-winning platform of CM Trading today.
The non-farm payrolls report is arguably the most important market event. It provides an in-depth look in the overall health of the U.S economy and therefore it’s closely monitored and anticipated by forex traders as it can heavily impact the dollar, energy and gas industries and generate high bouts of market volatility.
Discover the basics of forex trading, learn about the various approaches to market analysis and how to apply them in your trading strategy.
News trading strategies are inherently risky because during news announcements or other important economic events. This is because the market becomes increasingly volatile while the impact of said data is digested, but it also presents the best opportunity to profit from the market’s big moves.
A forex trader buys and sells currencies on the foreign exchange market. Their goal is to profit from the fluctuating exchange rates between currencies and while the approach to achieve this may vary, the common rule of thumb is to focus on managing risk instead of chasing big profits.
