The British pound is the official currency of United Kingdom and it is known as ‘Sterling’ or ‘Pound’. The "pound sterling" is the oldest currency in continuous use. Some nations that do not use sterling also have currencies called the pound. Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, [...]
Forex is the largest financial market. This precedes the stock market by some orders. Banks play a huge role in the world of Forex. Sometimes, they have the power to directly affect the value of coins. Banks make up a large number of trades in the currency market - but how do banks trade Forex? [...]
Raising the standards of a professional and successful forex trader is not an easy task at all. The whole process requires not only a lot of time and knowledge, but also a considerable amount of commitment, which motivates traders to stay in constant trade circles even in the most difficult moments. To become a successful [...]
One of the main reasons why most Forex traders lose money is a failure to trade based upon longer-term, higher time frames such as the weekly time frame. Weekly timeframe is very effective in Forex trading. It cuts out a lot of noises on lower timeframes and give a much better picture of the medium term [...]
