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
One of the most unpleasant experiences a trader can face is known as a margin call. To understand the dynamics behind this feature one must first appreciate what margin is in the forex market, which unfortunately is a commonly misunderstood concept. What is margin? Margin is essentially a good-faith deposit that’s required by the brokers … Continue reading What is a margin call?
