There are many benefits of trading forex, which include convenient market hours, high liquidity, and the ability to trade on margin.
When traders choose which market to trade, they are looking for optimal trading conditions and the best chance of taking a profit. There are many reasons why millions of traders across the world think that the forex market fits these criteria, but we are going to focus on the top eight benefits of forex trading:
Discover why GBP/CAD is at historic highs, driven by recent economic data and political elections. Understand the factors behind the Canadian dollar's weakness and potential future movements.
Leverage is a facility that enables you to get a much larger exposure to the market you’re trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit but also increase your potential loss.
Explore the rise of the Australian dollar, now up 4% since April. Discover factors like Australia's high interest rates and inflation trends boosting AUD strength and potential high trade levels with China.
One of the main costs to trading forex is the difference between the buy and sell prices, which can be significant when scaling trades. Learn how the spread is calculated, what influences its size and how to mitigate your costs.
Currency pair correlations show whether there is a relationship between the value of two separate forex pairs. Here, we explain what a currency correlation is and how to trade forex correlations with some worked examples.
Written by: Glen Frybarger | Content Strategist, US - Reviewed by: Frank Kaberna | Senior Content Strategist,
Following Mexico's pivotal election, the peso saw a sharp 4% drop as markets reacted to the prospect of a new administration and potential reforms. The currency's future direction may hinge upon coming policy decisions.
USD/JPY surged to an unprecedented 160.00 in a volatile session, then swiftly retracted, hinting at likely BoJ intervention. As the JPY swings, market watchers speculate on future moves and the chance of additional BoJ actions.
GBP/USD dips below 1.2300 amid BoE rate cut rumors. With UK inflation at its lowest since 2021 and central banks' diverging paths, the pound faces volatility against the dollar and euro, hinting at possible further declines.
March's stronger-than-expected Retail Sales boost the US dollar to new heights and propel Treasury yields upwards, signaling vibrant consumer spending and market optimism. Find out what this could mean for the Federal Reserve.
Explore how geopolitical tensions and demand surges push crude oil prices past $85 and how shifting USD dynamics affect the market. Understand the delicate balance of commodity trading amidst these factors.
EUR/USD falls below 1.0800 after ECB hints at spring rate cuts, diverging from the Fed's cautious stance. This shift reflects responses to inflation and economic forecasts, impacting forex markets and central bank strategies.
Gold hits $2,200 after a dovish Fed meeting, setting new records. Combined with a dollar bounce back, does this surge hint at a changing relationship between gold and USD?
February data reveals US unemployment peak, driving the dollar down as investors turn to gold amidst rate cut speculations and awaiting crucial US inflation data.
Learn how markets reacted to PCE inflation data and what could come next for US rates and US dollar.
A larger-than-expected move in US retail sales MoM sent dollar lower and gold higher. Find out how the miss affected interest rate expectations.
Japanese yen fought back midweek against US dollar as Treasury yields fell. Find out what assets are correlated to bond moves and why yen is particularly sensitive to US data.
The euro-dollar market is facing a significant decline despite the European Central Bank's decision to maintain interest rates and adopt a hawkish stance. Find out what could be in store for EUR/USD.
June 5, 2023
Frank Kaberna