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The US Dollar   The first currency which is the US Dollar dominates the world foreign exchange. It is the base or universal currency to evaluate and other currency traded on forex. Most commodities like metal and oil are denominated in US dollars. Because of this, any fluctuation in supply and demand have direct impact on the US dollar value. US dollar is

  You often hear the words bullish and bearish from traders. These words may sound foreign to you but here, we will discuss these terms as simple as possible. Basically, the terms “Bull” (bullish) and “Bear” (Bearish) are used to describe the overall financial market is performing in general. Bull market means that the trend is

Thanks to the advent of the internet, people now has access to almost everything even forex trading at home.  Trading before was different, people would line up on wall street. Meet their fellow traders and exchange information with each other that will benefit their trades.  Nowadays, everything can be done in the comfort of your

Worrying is a normal response for us humans. We worry whenever there is uncertainty or feel uncomfortable in making decisions because we are scared of the possibility of a negative outcome. As a human, it is in our nature to try to avoid pain as much as possible.    As a forex trader, one of the

 The primary motivating factor for most people who want to get into forex trading is the money-making endeavor.  It is helpful to get clear of the goals that they wish to have and achieve from their forex trading efforts as they approach the market. Trading essentially reflect a person’s overall personality and trading psychology. Their behavior during trading ultimately tends

Being rational and emotionally detached is essential if you want to consistently profitable.  Most new traders ride an emotional rollercoaster and feel like the odds are with them in a win, but feel completely down when experiencing a loss.  Meanwhile, professional traders stay calm and relaxed even after a series of losses. They have the

To a beginner trader, terms like liquidity and volatility can be intimidating. You need to understand and comprehend these terms as well as apply them to your trades. If you have been trading for quite some time now, you already know these terms like the back of your hand. Despite these, there are still some

Forex trading is not too different from any skills that every professional knows. Each professional in a certain field has their own specific skill which is honed either by training with a mentor, self-research and experience. Let’s put to example some of the professionals whose skills are honed by self-training, experience, habits and perseverance. Elon