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Showing posts from August, 2020

How to Set the Right Targets in Foreign Exchange Trading - Regal Core Markets

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  What is the likelihood of investors profiting from foreign exchange trading? It is difficult to quantify the probabilities. There are many factors at play. This question is similar to deciding whether to trade stocks or forex. The right answer depends on what an investor wants to achieve. However, when it comes to hitting targets in foreign exchange trading, it is possible to come up with sensible strategies without the specifics convoluting the process. Investors can formulate plans and contingency measures to reduce the risks, improve the chances of making profits, and minimize or avoid losses.   Setting targets Before going into the main discussion, a discussion on the need to set trading targets is in order. Why is it necessary to do this? What impact does this have on forex trading success? Setting trading goals is advisable to establish and stick to a trading plan. It leads to a process-oriented approach in trading instead of focusing too much on the re...

FX Trading Market Analysis 101 | Regal Core Markets

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  Technical Analysis relies on the usage of charts such as those found in the Regal MT4 Trader . Charts allow traders to study historical price movements to determine the future direction of an asset’s price. The basic idea behind Technical Analysis is that everything that is important to a trader (i.e., everything which affects an underlying asset) has already been reflected in its price. If the only important thing in the study of a financial market is the price of an asset, then price action is the only thing a trader needs to pay attention to and understand in order to trade—that is the premise of Technical Analysis. While the study of price charts remains very subjective, on a broad level, trading off Technical Analysis can be thought of as a self-fulfilling prophecy—that is, that traders will trade according to price patterns they observe, in turn reinforcing those very patterns. Both the Regal MT4 Trader and Regal FX Derivatives Trader allows you to trade dire...

Different Forex trading strategies to help weather the current economic climate - Regal Core Markets

  Forex, or foreign exchange, is the most liquid financial market right now. When it comes to trading volume, the forex market has an estimated turnover of US$ 6.6 trillion a day. With its steady increase in globalization, there appears to be a similar increase in importation and exportation, which gives rise to busier foreign exchanges happening every minute of each day. How COVID-19 heavily affects forex trading Due, however, to the onset of the 2019 coronavirus (COVID-19), an unprecedented pandemic that continues to ravage the world at present, massive trends in the global market have become volatile and unstable. Experts predict an insurmountable threat of recession among even the major conglomerates in the market as the coronavirus causes the inevitable closure and bankruptcy of numerous businesses worldwide. There’s a massive cessation of jobs and an increasing inadequacy of food resources is observed, due to the widespread enforcement of lockdowns and quarantine...

Is a New Normal on the Horizon for Forex Trading? - Regal Core Markets

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  With more than $5 trillion worth of transactions daily, forex is the largest and most actively traded market in the world. It is around 25 times bigger than the global equities market. It is also larger than both the stock and bond markets combined. However, is currency trading still worth your time considering the disruptive effects of COVID-19? The pandemic has sent the global economy to an unprecedented downturn. It has resulted in millions of job losses. It has devastated the investment and financial markets. All of which contribute to changes in the foreign exchange market and the way investors profit from it. The COVID-19 impact On March 9, the New York Stock Exchange suspended market-wide trading temporarily as S&P 500 fell by 7% because of the coronavirus scare. The same adverse effect hounded the forex market. On the same day, the US Dollar Currency Index (DXY), dropped to the 95 level from over 99 in February. This foreign currency exchange movement is ...