In August 2015 China devalued its currency, the yuan. This has since sparked a so-called ‘global currency war’. A currency war, also known as competitive devaluation, refers to countries devaluing their domestic currencies to gain a competitive trade advantage over…Continue
As a newbie forex trader, you perhaps are aware of the significance of a demo account in Forex. Each and every reliable broker or trading platform allows traders to practice trading for a substantial period of time before you start trading with the live account. Simply put, a demo account offers you the chance to hone your trading skills by practicing under real trading conditions and with the help of real analysis tools. Only the money that you trade here is fake. And, this is…Continue
Who has laid the foundation of CFD trading technique is still debated. But the history of trading CFDs goes back to the early 1990s when a financial firm in London created CFDs for hedging purposes. CFDs were originally created for the purpose of offsetting the risk of losses from the stocks traded on London stock exchange. Sooner the CFDs were started to be considered as favorable financial instruments because of the reason they needed a small margin and no physical shares were…Continue
Bollinger Bands is a technical analysis tool invented by John Bollinger in the 1980s. If you’re a Forex Trader or are starting to think about trading Forex, there’s a good chance that you have already heard of Bollinger Bands.
You might have thought about using them as a trading strategy, or have already started but you might need some more information on how to use them effectively.…Continue