Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.
The currency market (also known as Forex or FX for short) refers to the international market for buying and selling currencies worldwide. It is the largest financial market in the world. Forex trading has many advantages, such as long hours of trading, strong liquidity, and the ability to trade using leverage. Let’s discover below as […]
In the field of finance and trading, a derivative is an instrument that is used for investment through a contract. Its value is merely based upon that of another asset referred to as an underlying asset. Therefore, its value changes with changes in the value of the underlying asset. Among the several types of […]
The forex market is the largest in the world. The forex is so big that no other market can compete with it. Even though the forex market can’t crash, specific currencies can crash at any point in time. Forex market crashes are different from those of the stock market, and most people think that the […]
The forex market is quite difficult during the start of your career, but it is engaging at the end. There are lots of stories as to why lots of traders lose millions or billions of dollars trading currencies in the forex market. It is essential to know that the risks associated with trading are […]
Practice makes perfect they say, but if you asked most forex traders, they might have a different perspective of the statement. Although most traders have an excellent record in practice or demo account trading, most of them fail to live to similar experiences when trading with a real account. A trader’s performance on a practice […]
Since the strong trend started on May 25, the central parity of the RMB against the US dollar on June 7 was reported at 6.7858, a new seven-month high. Some overseas investment banks have raised their expectations for the RMB exchange rate. Goldman Sachs has pushed the Yuan to 6.7250 in a report […]
The foreign exchange market is a 24-hour non-stop market. The most obvious difference from other trading markets is the continuity of time and the non-binding in space! The 24-hour openness of the foreign exchange market gives traders a number of unique advantages that are not available in other markets. The fact that the foreign exchange […]
A crucial part of understanding any particular market is to know the major market participants as well as the structure of the market. With approximately $4 trillion daily transactions, the forex market is arguably the largest financial market across the globe. But why is it not as popular as the stock market and yet it’s […]
According to a recent survey by forex brokers, about 70 to 75 percent of forex traders that use their platforms don’t succeed in their trades. This implies that in a total of 100 percent of traders that trade in the forex market, only 20 percent to 25 percent make profits before profits annually. The forex […]
