The pound can’t get a break these days it seems and as if the whole Brexit debacle wasn’t enough, further uncertainties regarding the new Tory PM’s policies could send the pound to the euro exchange rate to the red once again.
Forex trading is an exciting endeavor in a market that never sleeps, has abundant opportunities to profit from and while the risk may be high, there are ways for you to play it safe and minimize your exposure to downside risk. Keep reading to learn the most effective ways to refine your strategy for more consistent results.
The meteoric rise of recreational and medical cannabis has been labeled the green rush. Unlike the gold rush era, however, the potential for the green gold is limitless due to the insatiable global demand and virtually unlimited applications and derivatives from the highly controversial cannabis plant.
Currency exchange rates are vulnerable to an array of external forces throughout a trading session. Surprise economic announcements, sociopolitical turmoil and trade wars have a tremendous impact on trading volume and liquidity in the market. However, a more predictable and crucial factor to consider is interest rates and the monetary policy of the country’s central bank.
The exchange rate between two currencies can change considerably throughout the month with some currencies reaching record highs while others dive to all-time lows. This happens because of the constant change in supply and demand which also applies for all goods, services and financial assets.
Naturally occurring commodities such as gold and oil and even agricultural ones like sugar and coffee are indispensable for global trade and the world’s economy. While the prices of commodities can fluctuate greatly depending on the season and the market sentiment, investors can find favorable opportunities in this diverse asset class all year round.
Following several complaints of monopolistic business dealings and concerns regarding the misuse of private user information – a congressional committee in the U.S is launching a full-blown antitrust investigation into Google, Amazon, Facebook and Apple. Representatives from these companies have been summoned to appear before Capitol Hill where the Antitrust Division of the Department of Justice
Leverage is an invaluable tool in financial trading since it provides you with purchasing power far beyond what your current capital allows. However, using leverage or trading on margin does pose some risks since it’s possible to increase both potential profits but losses as well.
The USD/ZAR is an exotic forex pair which offers daily opportunities for traders who favor emerging markets with a healthy dose of volatility. While the South African rand (ZAR) has been in a major slump recently, forex traders can still profit by buying USD/ZAR CFDs and taking advantage of the market’s decline.
Forex traders rely on their trading platform not only for the purposes of charting and plotting their trades but also for taking advantage of automated tools to enhance their trading accuracy and efficiency. Some platforms may excel in some respects while others may offer a more versatile toolkit without specializing in a single category.