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Month: May 2024

factors that influence exchange rates

7 Factors That Influence Exchange Rates

Understanding the factors that influence currency exchange rates is crucial for both countries and individuals. For nations, these elements impact international trade dynamics, while for individuals, they determine the amount received when converting currencies. Although these factors can be complex and challenging to predict, knowing them is beneficial, especially if you are involved in foreign …

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analyse forex charts

How to Read Forex Charts?

Charts have become essential tools for traders, providing a clear and graphical depiction of market trends. These charts not only display movements but also reveal patterns, trends, and visual cues that assist traders in spotting potential trading opportunities. This article will explore the three most popular types of forex charts used by technical analysts and …

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currency derivatives

What are Currency Derivatives?

The forex market’s exceptional liquidity and competitive nature not only facilitate currency trading but also enable traders to leverage various other instruments that use currencies as their base asset. The active trading of numerous forex derivatives has elevated currencies to become one of the most frequently traded assets globally. Many of the more unique derivatives, …

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