Here you will find forex rates archives, graphs, charts, forex news, forex dealers directory, currency directory, gold prices, pakistan prize bond results and a wide range of information to help forex com explore the world of forex. Choosing the best forex broker is important. In our Forex Brokers Directroy you’ll find guides on choosing the best forex brokerage firm.
Forex charts assist the investor by providing a visual representation of exchange rate fluctuations. Many variables affect currency exchange rates, such as interest rates, bank policies, geopolitics, and even the time of day may affect exchange rates. Investment in gold bullion means that your money is protected from inflation. A reason enough for why you should invest in gold bullion. For gold bullion coins collecting as well as other precious metal investments, you must be aware of gold, silver, platinum bullion rates.
For those who keep their money in prize bonds. Prize bonds are issued by the government of Pakistan. Prize bonds are similar to cash because you can buy a prize bond from any bank and sell it to anyone. The government in turn holds draws and gives cash prizes to the winners. However these are only the indicative rates as forex rates keep on changing minute to minute. Fundamental analysis in Forex is a type of market analysis which involves studying of the economic situation of countries to trade currencies more effectively.
It gives information on how the big political and economical events influence currency market. Figures and statements given in speeches by important politicians and economists are known among the traders as economical announcements that have great impact on currency market moves. But when news are due, traders have to check the actual data. If to look at oil prices, a rising price will result in weakening of currencies for countries which depend on huge oil import, e. Whose speeches to keep an eye on? Chairman of the Federal Reserve Bank of USA, Secretary of the Treasury, President of the Federal Reserve Bank of San Francisco and so on. Traditionally, if a country raises its interest rates, its currency will strengthen because investors will shift their assets to that country to gain higher returns.
Decreases in the payroll employment are considered as signs of a weak economic activity that could eventually lead to lower interest rates, which has negative impact on the currency. A country that has a significant Trade Balance deficit will generally have a weak currency as there will be continuous commercial sellings of its currency. GDP is reported quarterly and is followed very closely as it is a primary indicator of the strength of economic activity. A high GDP figure is usually followed by expectations of higher interest rates, which is mostly positive for the currency. When it comes to news trading Forex brokers, however, may not be supportive of traders intensions to trade during news announcements. There has been practices reported when Forex brokers simply freeze platforms during news, so that no trades can be opened or closed.
Forex trading is a high risk investment. All materials are published for educational purposes only. Fibonacci retracement levels are used as support and resistance levels. Fibonacci extension levels are used as profit taking levels.
So, what we will learn today is how to apply Fibonacci tool and how to interpret results that we see on the screen. Fibonacci tool available within their trading platforms. So, click on Fibonacci tool from trading platform that you use. A — our lowest swing, B — our highest swing.