About: anakin
Recent Posts by anakin
Week Ahead: Markets to Focus on US Retail Sales and Australia Wage Price and Employment Change
The financial industry anticipates major economic reports this week, focusing on the US Retail Sales and Australia Wage Price Index and Employment Change. These reports are crucial for traders navigating the markets and making informed decisions. NY Empire State Manufacturing Index | US (15 May)The NY Empire State Manufacturing Index unexpectedly jumped to 10.8 in Continue Reading
When to trade forex: Is there a best time?
Forex trading is a global market that operates 24 hours a day. And it is important to know the best times to trade in order to maximise your profits. The Forex market can be divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. The Continue Reading
How to trade forex: A beginner’s guide
There are several ways to trade Forex, and each method has its own advantages and disadvantages. The most popular financial instruments used in Forex trading include retail Forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), Forex CFDs, and Forex spread betting. Retail Forex is a way for individuals to participate in Continue Reading
What is traded in forex: The most actively traded currencies
To be short, the answer is “currencies”. When we want to talk about different types of currencies, we use three-letter symbols to represent them. The first two letters in the symbol tell us which country the currency comes from, and the third letter tells us the name of the currency. For example, USD stands for Continue Reading
What is forex trading: A comprehensive overview
Forex is a short term for “foreign exchange,” which means changing one currency to another. Let’s say you’re travelling from France to the United States. You’ll need to change your euros to US dollars. When you go to the bank, you’ll see a big board with names of different currencies and numbers. This board shows Continue Reading
