Forex traders love to trade on price consolidation breakouts. So what is a price consolidation? In terms of technical analysis, consolidation is the movement of an asset’s price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which comes to an end when the price of the asset… Continue reading Price Consolidation in Forex Trading
Category: foreign exchange
Intervention threat trips Kiwi dollar
On Monday night eight armed men broke into Zaventem airport near Brussels. They drove to a Swiss-registered aircraft that was loading on the ramp and transferred 120 packages from the hold into their van. Mistaking their actions for the normal behaviour of baggage handlers, police allowed the men to carry off diamonds worth $50m. So… Continue reading Intervention threat trips Kiwi dollar
Forex Trading Basics
Forex trading is the buying and selling of currencies that takes place in the foreign exchange market. Up until a few years ago trading in currencies was not open to the general public and only a fee large financial institutions and banks were allowed to trade in currencies. Ever since the markets have opened up,… Continue reading Forex Trading Basics
How to Use Leverage Trading Currency Pairs
One of the top reasons you might have entered the world of forex instead of sticking with stocks and bonds is the concept of leverage. Through leverage, you can trade large amounts of money and either earn enough to trade without leverage (or even retire), or lose so much money that you immediately wipe out… Continue reading How to Use Leverage Trading Currency Pairs
Tips to Exchange Currency Safely
Are you going abroad with your family to enjoy holidays? You must have done planning in advance. Your bags are packed and you are ready to go. You have taken care of important documents like passport, visa, and insurance papers and so on. Are you sure you are done with your preparation? Are you missing… Continue reading Tips to Exchange Currency Safely