This article covers the most important aspects of a forex quote that all traders must know – including top tips on how to read a currency pair: Forex quote basics Bid and ask price The spread Direct vs indirect quotes Top tips to understand and interpret a forex quote Forex quotes reflect the price of

Key points discussed in this conversation The vote outcome relative to expectations How UK Indices could favor, and which index may be more attractive Brexit vote impact on GBP-crosses Key quote, “Instead of selling rallies in GBP/USD as many were doing last year, we may be entering into a buy-the-dip regime.” Nicholas & Tyler discuss

What are pips in forex trading? “PIP” – which stands for Point in Percentage – is the unit of measure used by forex traders to define the smallest change in value between two currencies. This is represented by a single digit move in the fourth decimal place in a typical forex quote. For example, if

Key Points Discussed in this interview Jeremy’s early trading experience Why Jeremy pays little attention to the news Student to master: overcoming the initial challenges of Elliott wave analysis This article presents the highlights of the podcast so be sure to listen to the full interview. Listen to the podcast here: Stitcher: https://www.stitcher.com/podcast/trading-global-markets-decoded-with-dailyfx/e/57431393?autoplay=true iTunes: https://itunes.apple.com/us/podcast/trading-global-markets-decoded/id1440995971

Emerging market currencies are currencies backed by emerging market countries, such as the South African Rand, Mexican Peso or Brazilian real. Traders seek them out because they are generally more volatile than developed market currencies.Highly volatile currency pairs can offer stronger and more prominent moves. It’s important for traders to understand the core characteristics of

Forex Market Size Talking Points: The forex market is the largest and most liquid market in the world The US dollar makes up the majority of forex transactions The forex market’s deep liquidity is advantageous to traders by allowing them to enter and exit the market instantaneously The size and depth of the forex market

Most investors like to explore the emerging markets for potentially higher returns. Why is this? Simply because the higher the risk, the higher the potential return. Emerging markets rely heavily on foreign investments to be able to fund projects to increase growth. However, in order for investors to be willing to invest in a developing

Key Points Discussed The Texas oil revolution Diminishing effectiveness of monetary policy Commodity prices and the Trade War ‘facade’ Perverse incentives and the inverted credit cycle The Chinese debt load Forecasts and trading strategies for 2019? In this interview senior market analyst, Tyler Yell speaks to Chief Economist and best-selling author, Daniel Lacalle about his

What is currency correlation? Currency correlation, or forex correlation, denotes the extent to which a given currency is interrelated with another, helping traders understand the price movements of currencies over time and influencing their forex decisions. Currencies are traded in pairs, meaning no single currency pair is ever isolated. This means traders need to understand

The Elliott wave impulse pattern is a foundational pattern of Elliott Wave Theory. Ralph Nelson Elliott discovered back in the 1930s that the market moved in waves of five and three legs. These five and three wave patterns make up larger patterns that can be used to determine how mature the current trend is and