DailyForex has all the resources that traders need to succeed, including comprehensive Forex reviews, daily Forex news and technical analysis for the major currency pairs. See how the right Forex reviews can help you master the currency markets!
Latest news and updates from the Forex Figures blog:
Previously, we looked at how to decide whether to trade Forex, Futures, or ETFs. It is also useful to know exactly what all these different and often confusing terms mean, so it is worth taking a closer look at exactly what is on offer at retail Forex brokerages under these labels.
Today, opening a Forex brokerage account is about much more than trading currencies. With more and more brokers offering an increasingly wide range of assets beyond currency pairs, it is easy to either feel like a kid in a candy store, or completely overwhelmed. Figure out what to trade here.
Most traders believe that in order to have a great risk reward ratio on their trades, they need to have a tight stop – or at least as tight as possible. Get the Forex trading strategies for maintaining excellent risk/reward ratios here.
Over the last year and a half, there have been some great trends, most noticeably short JPY first, and then the recent long USD trend. In these conditions, a lot of traders start to wonder why they are not making the kinds of trades where winners are left to run for weeks or even months, collecting thousands of pips in profit in the process.
Over the past few days the Forex world has been rocked by the wild, sudden rise in the Swiss Franc last Thursday, which eventually stabilised at a gain of about 15% against all the major currencies. We’ve all got questions about how and why this happened, and what it means, so let’s try to answer them.