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.
A foreign exchange Swap is a product that is used by traders who want to exchange two currencies on one day and to swap or re-exchange the same currencies at a later day. A foreign exchange swap is an agreement between complimentary parties who agree to exchange one currency for another. The exchange takes […]
The foreign exchange market is a real marketplace, where buyers and sellers from all corners of the world meet to participate in trillions of dollars of exchange every day. According to information available at our desk, over 5 trillion USD worth of currencies is traded on the forex market every day. The demand and […]
The little-known Prime of prime (PoP) brokerage came about from the need for forex technology firms to earn additional revenue streams. Forex service providers who were servicing retail brokers realized that their gross margins on licensing their technologies were either dropping or capped. With an existing vibrant clientele base, some of these forex service providers […]
Over the past few decades, revolutionary evolving technologies have fundamentally changed the way operations are steered on the forex market. In the position of the discretionary trader, the forex market seems to be moving towards systems based on algorithms, automation, and early forms of artificial intelligence. The emergence of automation in the forex market […]
Over the past decade, retail forex trading activities have come a long way, mainly due to the resolve of the brokerage community to act as middlemen between the global interbank market and individuals. When you look at the nineties era and before, forex trading was limited to large financial institutions, hedge funds, and wealthy individuals. […]
The financial world is evolving thanks to technology, and one sector booming is forex trading. A plethora of folks get into the market to gather profits, which are only a click of the button away. Unfortunately, accumulating profits is not a walk in the park as the market movements are unpredictable. However, with such unpredictable […]
The forex market has gained popularity over the last few years, and now it’s one of the largest financial markets across the world. The forex market is neither regulated whereby trading doesn’t occur on a given exchange, nor does it have a physical address. The forex exchange transactions are done over-the-counter (OTC), whereby the […]
Undoubtedly, forex trading is on the rise. Several forex brokerages are being opened at a very high rate, and several folks are now leaving their jobs to trade forex. It’s not rocket science as to why all that is happening as it’s because the forex market is far bigger, it’s simple and with enormous […]
The forex market is arguably the largest financial market in the world. Approximately, the market has over $5 trillion daily transactions. It’s indeed an exciting market for every individual looking to accumulate some profit, right? Unfortunately, almost 95% of traders lose money only a few months after getting into the business. So, if the […]
