Mexican peso falls significantly Political unrest associated with the newly passed judicial reform on Friday caused the Mexican peso to weaken against the US dollar. Investors are still apprehensive about the reforms, which could impact Mexico’s creditworthiness and jeopardize the rule of law. The USD/MXN is up 0.96% at 19.98. The Mexican currency is typically…
Foreign Exchange trade, or Forex trade, is one of the largest financial markets in the world today and certainly one of the most internationalized market. An average of 1-3 trillion dollars exchanged daily poses good opportunities for investors and traders to trade. 1. Forex trading basics:- First of all, anyone intending to attempt to trade…
Forex Trading: From Beginner to Advanced by Forex Turtle is the ultimate guide for aspiring traders looking to master the world of Forex. This comprehensive book takes you on a step-by-step journey, starting with the core principles in Part 1: Foundations of Forex, where you’ll learn the basics of currency markets and trading terminology. Part…
If you are buying currencies in the FX market, you must also learn about Forex quotations. Quotes are also the basis of the Forex market, and the goods received by traders include information necessary for the market’s work. In this article from Forex Turtle, I will explain how to read Forex quotes work, what they…
By their nature, Forex trading relates to currency pairs. The first condition for anyone wishing to engage in this perpetually transforming Global market is understanding currency pairs. This article from Forex turtle explains in detail to choose the right currency pairs for your strategy. What Are Currency Pairs? Consequently, two currencies for which money must…
Introduction The foreign exchange market is the most active trade other than any financial market, with more than six trillion dollars in daily trading volume. However, traders need to understand the market’s structure as it relates to how currencies are exchanged and Structure of Forex Market , among other things. The article will focus on…
India’s foreign exchange reserves, USDMIX, increased for the seventh consecutive week and touched $700 billion-plus for the first time due to a higher rise in values and dollar purchases by the central bank. In the week to September, the reserves increased by $12.6 billion, reaching $704.89 billion. New figures from the Reserve Bank of India…
Cryptocurrencies, particularly digital currencies, are inventions of the past decade that have attracted people’s attention in earning relatively high profits and as a new freelance financial exchange platform in a digitalized global environment. Nevertheless, the current legal regulation of cryptocurrency trading in India has been misunderstood and is under discussion. In light of this, this…
In the given and particular world of Forex trading, the community aspect is rather significant to a trader’s development where you can see how Forex trading communities makes money. When trading in the foreign exchange market, trading is not easy; most traders seek information, help, and fellowship. Two primary types of communities exist: online and…
What does Cross Currency Pair Mean? In Forex trading, Cross Currency Pairs are essential because they enable the trader to work with different currencies simultaneously without converting with USD. It is necessary for those seeking to add to their trading experiences and focus on aspects other than the usually traded currency pairs. As a result,…
