Updated October 2020 Despite their popularity, CFDs, or contracts for difference, are relatively new products – their invention is widely credited to Brian Keelan and Jon Wood in the 1990s, of UBS Warburg[1]. CFD trading offers cost-effective access to global markets, all from one platform. CFDs are over-the-counter (OTC) leveraged products, derivatives that are designed … Continue reading Contracts for Difference: CFD Trading Explained
The past decade witnessed a new type of trading strategy surface that has become widely popular with forex traders. The energy behind supply and demand zones is well documented. The problem, however, is many traders fail to recognise the subtle nuances that help determine an area’s strength. The basics In a nutshell, supply and demand … Continue reading Supply and Demand: Learn to Identify POWERFUL Reversal Zones
Viewing a chart for the first time is generally both hypnotic and perplexing. Price action, or ‘PA’, is a term employed to note the movement, or ‘action’, of price on a chart for a given market. A chart, for those new to trading, is simply a graphical representation of historical price movement over a selected … Continue reading Price Action: A Beginner’s Guide
Trading in FX markets reached a mammoth $6.6 trillion per day in April 2019, up from $5.1 trillion three years earlier, according to the 2019 Triennial Survey of turnover in OTC FX markets. While foreign exchange retained its dominant status as the largest financial market in the world, knowing how FX stacks up against other … Continue reading Forex Market vs. Other Financial Markets
Markets move in the path of least resistance Two of the most widely discussed concepts in the field of technical analysis are support and resistance levels. Without understanding these critical components, trading is generally a frustrating endeavour. At first glance, the concept behind support and resistance makes sense, some would even say simple. However, you’ll … Continue reading Identifying Support and Resistance in the Foreign Exchange Market
