What is Spot Market in Forex? A spot market is a financial market where commodities and financial instruments traded for immediate delivery. Delivery is the act of physically exchanging a financial instrument or commodity for cash. Due to the fast processing of cash payments and the physical exchange of assets, the spot market often referred […]
The market where currencies can be traded for one another is known as forex or foreign exchange. One of the markets with the most heavy trades is forex trading, which is fundamentally the practise of buying and selling currencies. What is Forex Market ? Participants in the forex market, including banks and individuals, are able […]
Influence in Forex Trading is Similar to many economies, such as Canada’s commodity-based economy, are sector-driven. The Canadian dollar is strongly linked to commodities such as crude oil and metals. A rise in oil prices would almost certainly cause the Canadian dollar to rise in value relative to other currencies. Commodity traders, like forex traders, […]
Elon Musk Comeback: This year, Tesla has had two bear markets (with a bull market in between). And, following a 30% drop into a critical support level. We wouldn’t be shocked if it tried to bounce from here — at least in the short term. However, traders get intrigue to hear. That Elon exercise his […]
Cryptocurrency is worldwide ascent continues, with an increasing number of investors seeing it as a valuable addition to their portfolios. Following the collapse of ICOs (initial cryptocurrency offerings) in 2017 and 2018. Which frightened early adopters, there has been a recent uptick in momentum through two new instruments – NFTs and DeFi. And, if we […]
Forecasting the Fortunes of the US Dollar Performance in 2021 Earlier this year, the US dollar gained ground versus the euro in volatile trade. At the start of 2021, the eurozone currency was trading at $1.23 versus the US dollar, a two-and-a-half-year high. The pair declined during the first quarter of 2021, reaching a year-to-date […]
