In today’s fast-paced foreign exchange (forex) market, milliseconds can mean the difference between profit and loss. With global daily trading volumes exceeding $6.6 trillion and high-frequency trading accounting for more than half of all transactions, technology has become the frontline weapon of serious traders. Recognising this, WikiFX has launched its cloud-based Virtual Private Server (VPS) service, now available for free to users worldwide.
A revered broker name is what you want to associate with being a forex trader. Fortunately, you have plenty of such names on WikiFx where the best forex brokers and regulators are listed to ensure your transaction is genuine. One such name is FXCM, a regulated forex broker in the United Kingdom (UK). Let’s check out more details about FXCM through this article.
Gold surged to an all-time high on Tuesday, driven by renewed weakness in the US dollar, ongoing trade war tensions, and critical remarks from President Donald Trump aimed at the Federal Reserve. These factors fuelled strong demand for safe-haven assets, pushing bullion above US$3,485 an ounce for the first time. But what exactly are safe haven assets? Why is everyone raving about them?
Technical analysis is the go-to toolkit for countless investors. Candlestick patterns, moving averages, MACD signals, Elliott Waves—you name it, there’s a chart or model for it. Many spend years perfecting their craft, poring over price patterns and back testing strategies. Yet, despite all this effort, a large number still lose money. The reason? It’s not the tools as they’re merely instruments. It’s the human behind them that falters. In particular, wishful thinking and emotional bias often sabotage disciplined execution.
Ongoing tensions between the United States and China appear to be influencing the way investors manage their wealth. As fears of new tariffs and a possible devaluation of the Chinese yuan continue to circulate, it is suggested that cryptocurrencies like Bitcoin may be gaining traction as alternative stores of value.
Germany is set to hold a crucial general election on 23 February 2025, with voter frustration over migration emerging as a dominant issue.
When a country’s currency appreciates or depreciates in value, it reflects the underlying shifts in its economy and global market dynamics. For forex traders, understanding what drives these fluctuations—and how to strategically prepare for them—can make the difference between profit and loss in an ever-volatile market.
The Malaysian ringgit saw a slight retreat against the US dollar on Thursday, pulling back from its recent rally as investors cashed in profits following its substantial appreciation.
Many of so-called experts are scamming unsuspecting followers by faking their account balances and trading results. This article delves into how these fraudsters use the MetaTrader 4 platform to deceive their audience.
The focus of this week's economic calendar will be the release of U.S. employment data on Friday, as investors hope for signs that the economy is heading for a smooth landing. Following a strong performance for stocks in the first quarter, attention now turns to the beginning of the second quarter. Monitoring of intervention possibilities continues for the yen and the yuan, while market participants keep a close eye on data releases from the Eurozone and China. Here's a rundown of key developments to kickstart your week.
Fibonacci retracement is widely utilized in technical analysis. Traders leverage Fibonacci retracement to identify levels of price correction by drawing horizontal lines on price charts, marking potential support and resistance levels. This aids in predicting price adjustments and reversals, enabling traders to better grasp market trends and formulate effective trading strategies.
West Texas Intermediate (WTI) oil price pauses its two-day winning streak but is anticipated to conclude the week on a positive note, trading near $77.00 per barrel during the Asian session on Friday.
On December 7, the UK's Financial Conduct Authority (FCA) regulator warned against an unauthorized broker called Sapphire Markets, reminding the public to be aware of financial safety.
On January 4, 2024, the British Columbia Securities Commission (BCSC) warned an unlicensed broker called TopMarkets.
Swing trading, as a form of short to medium-term market speculation, presents both opportunities and risks.
Day trading refers to the trading strategy of buying and selling the same financial instrument within the same trading day. This type of trading typically involves stocks, futures, forex, or other financial assets. The strategy aims to capitalize on the inevitable price fluctuations during the trading day by executing multiple trades and accumulating several small profits.
Swing Trading is a mid-term trading strategy that aims to capture the short to medium-term fluctuations in asset prices within a trend.
VIX is one of the most recognized indicators for expected market volatility, reflecting the market's anticipation of volatility in the S&P 500 index options market for the next 30 days.
Technical analysis refers to the study of historical information in financial markets through charts, aiming to predict future price trends and determine investment strategies. This article lists 10 commonly used technical analysis tools.
EURUSD continues developing a growth wave to 1.1040. Upon reaching this level, the quotes might form a corrective link to 1.0986 (a test from above). Next, a rise to 1.1055 is expected, possibly followed by a new decline wave to 1.0888.