The Forex Scalpers - Forex Trading Education

The values of currencies fluctuate constantly on the forex market because Forex is being affected by many factors. It is important to understand each one of the fundamental factors of Forex that cause fluctuations in foreign exchange from day today. These are also explained by the  Forex Mentors .  This article examines some of the leading factors that influence the fluctuations in exchange rates and also explains the reasons behind their volatility. Let's start this! Inflation Rates Inflation rates play an important role in Forex Market . Currency pairs are more volatile around the time when the inflation data is released. Changes in inflation rates result in changes in currency exchange rates.  Interest Rates Forex rates and interest rates are correlated. A country with a lower inflation rate will see a rise in the value of its currency while a country with higher inflation typically sees depreciation in its currency and is usuall...

Choosing the Forex Broker can be an overwhelming task especially when there are lots of online forex brokers available. We also know that not all brokers are trustable and reliable. For profitable and successful trading, it’s important to make sure the one you choose the broker which is safe and the best for your trading.  In this article, we will go through everything you need to know to choose the  best broker for forex trading . But before starting, let's know more about the Forex Brokers.  What is a Forex Broker? Forex brokers are the ones that provide traders with access to Forex Trading Platforms that allow them to buy and sell foreign currencies. Now, let's see which qualities you should look for when picking a forex broker: Multi-Currency Forex Best Brokers One of the main aspects of choosing a Forex Broker that will offer multi-currency options. It means that you need not pay currency exchange rate fees. Whether you are making a depo...

Currency Exchange is the trading of the currency from two countries against each other. In other words, the value of one currency is determined by comparing its value to another currency. The first pair is termed as “base currency” and the second pair is called “quote currency”. The Currency Pairs determines the amount of money required to purchase one unit of the base currency.  The pairs are predetermined by the broker. This is the reason why the  best broker for forex trading  considers Forex pair as the main aspect of their career. Forex Currency pairs in terms of Trading Forex Trading includes the buying of one currency and selling of another simultaneously. In the Forex Trading, if the trader buys the base currency then he will sell the quote currency. The bid prices determine how much of the quote currency is required to get one unit of the base currency. The selling price for the currency pairs determines how much you will get in the quote curren...

What is Forex? The foreign exchange market is also known as “Forex” or the “FX market” is the world’s most traded market, with a turnover of $5.3 trillion per day. It is a marketplace where currencies are traded. Forex is traded 24 hours a day, 5 days a week worldwide. For Forex, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time. About Currency Pairs: Forex is always traded in currency pairs, for example, USD/CAD. The first currency (USD) is called the ‘base currency’ and the second currency (CAD) is known as the ‘counter currency’. Currency pairs divided into three groups: • Major: These pairs contain the US dollar as either the base or counter currency. For example EUR/USD • Minor: The currency pairs which do not contain the US dollar are known as minor currency pairs. For example GBP/JPY • Emerging: These are made up of a major currency paired with an emerging or small but strong ec...