The US midterm election played a major role in the movement of the U.S. Dollar index last week where the U.S Dollar index turned negative in the starting of the week but give a sharp recovery in the middle of the week and managed to close the week on a slightly positive note. In the midterm election where Democrats won the House and Republicans kept there holds in the Senate, the mix results kept the…

There is two main type of trading sentiments tends to float in the Forex market the one is U.S. Dollar supportive and the other is against U.S. Dollar or we can say that there are two major types of traders in the Forex market pro-dollar traders and anti-dollar traders. As the majority of the volume in the Forex market is carried by the major currency pairs. Traders not only studies the individual pairs but they…

After giving a strong bullish movement in the starting of the week by continuing the gaining streak the U.S. Dollar Index touched the weekly high of 95.78 and mostly traded with bullish movement last week. The U.S. Dollar index ended the last week on a positive at 95.31 levels after testing the high of 95.78 near to the medium term resistance zone near 96.00 levels. The movement in the U.S. Dollar Index was supported by…

As we all know that the Forex market is full of scams and including the scam brokers. However, the Forex market is now started to get regulated by different countries after reporting a huge number of Forex scams and now there are many regulatory bodies working towards the betterment of Forex market worldwide. We all know the importance of a good broker. Whether it is Forex trading or stock market trading or investing, every investor or trader needs a good…

Forex Trading Risk Management It is a well known saying in Forex trading that “If you control your losses you will eventually make profits.” In Forex trading, the importance of risk management is very high because of the high level of leverage almost all the Forex brokers provide to the traders which makes it a highly risky trading system. High level of leverage not only enables a trader to take huge trades which can make a…