There are many currencies besides the U.S. dollar. They are exchanged daily by governments and individuals to make payments and profit from price differences.
How to Read Bull Patterns in the Forex Market
In a market as volatile as the forex market, traders need a way to show which direction the price of a currency pair is going to go and how profitable it might be. They also need to determine if the price will continue moving in that direction for a while or quickly reverse; this method used by traders to determine price direction is called chart patterns.
3 Essential Things to Know Before Getting into Trading
The forex market is the largest financial market globally in terms of dollar value. And the possibility to gain profits in the sector attracts foreign-exchange traders of all levels, including greenhorns and seasoned professionals with years of trading experience.
Top 8 Free Forex Trading Tools that Get the Job Done
One look at the forex market will show you just how competitive it can be with traders trying to make the most out of it. While forex trading is proving to be one of the most lucrative activities out there for those that know what they’re doing, there is no doubt that it can be a bit challenging without the right tools to help you along the way.