News Archives - Online Forex Charts

The Types of Forex Trend Pointers You Should Know About

Posted on July 4, 2021 by admin

Given the extensive approval of trends in the forex market, merchants and traders typically desire to have a trend-following plan. Such a plan can be configured in a multitude of ways using various technical pointers. Trailing trends is one of the best ways for a trader to position himself in a forex market. Unfortunately, trends usually take plenty of time to create and require a massive amount of variables for the trend to change its course. Truth be told, there is no particular technique used in trading in FX markets. Therefore, merchants and traders must learn that so many pointers Continue Reading →

What is Currency Depreciation?

Posted on April 26, 2021 by admin

Currency depreciation refers to the fall in value for a country’s currency when compared to other currencies in the forex market. When your country’s currency depreciates, it means that you will have to use more units of your currency to purchase a single unit of a different currency. It, thus, becomes cheaper to purchase your currency, but expensive for you to access an alternative currency. A country’s value of currency often falls or drops as a result of various elements. The elements are as described below. Causes of Currency Depreciation 1. A deficit in Balance of Payment (BoP) Balance Continue Reading →

Tips for Forex Trading Beginners

Posted on March 15, 2021 by admin

Forex trading may be a very new concept to many that have never heard of it. If one is curious to know what forex trading is, they hence need to learn all about it. It could start with a simple google search of what forex trading is. 10 Tips for Forex Trading Beginners There is always a beginning to something one gets into. This article will highlight ten tips for beginners in the forex trading business. Know the markets A forex trader needs to begin by knowing the forex markets. The markets are crucial for anyone who aspires to be Continue Reading →

How To Become A Succesful Forex Trader With Technical Trading Skills

Posted on March 7, 2021 by admin

Forex trading is a large and confusing enterprise. There are many forex traders who have experienced success. These successful forex traders attract many people into the open to join forex trading market. Once these people have joined the market, many are not patient enough to succeed as their role models. Success in forex trading is easy. It needs to gain the technical skills of a pro and the patience to become a longe term trader rather than expecting quick riches. If you are starting out in forex trading, here are some tips on how to become a successful forex trader. Continue Reading →

The year 2016 ends imposing a bullish tone to the dollar

Posted on January 10, 2017 by admin

The U.S dollar traded higher in the last trading week imposing a strong bullish momentum in the market for the last four trading year in the market against its all major currency pairs in the global market. Though the green bucks traded higher in the last trading week, the EURUSD pair managed to rally high in the market even during low volatility trading session. However, the gain of the EURUSD pair was erased to a great extent prior to the market closing. The over the strength of the U.S dollar index has been measured against the major six currencies in Continue Reading →