Topic: Foreign Exchange

Do Day Traders Really Make Money?

The question is, do day traders whether in stock market or in forex really make money? Research suggests that most of the day traders do not make money. Probably only 20% of day traders will make money. Surprisingly, studies also suggest that those traders who placed...

Fibonacci Sequence and the Forex Market

When price moves in a financial market from Point A to Point B, it rarely moves in a straight line.  Generally, price will move in waves.  One of the primary aims of technical traders is to identify how far these waves will retrace, and one of the most popular tools...

Currency Devaluations – A Forex Trader’s Guide

In the past few years we have seen many currency devaluations, for example Thai government devaluing their currency, and fall of Philippine Peso. We will consider a few key pointers concerning the business of currency devaluations and how to play them. Devaluations...

Forex: Bid and Offer Rates

Exchange rates are commonly expressed as two rates, the bid price and the offer price, for example: USD/AUD 1.1240-1.1245 or USD/AUD 1.1240-45 or USD/AUD 1.1240/45 Rates shown in the financial press are the average (mid-point) of the bid and offer rates. The bid price...

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