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Showing posts from August, 2023

How to Trade News Releases in Relation to Forex

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News releases are announced in all countries, at the beginning of the day, between 9-10 am, but due to different time zones, news releases from around the world, are announced at different times around the 24 hours, causing more or less volatile movements.  Australia and Japan are the first to issue their releases at 3:00 GMT timing, when they open, they are followed by china and the far east Asian countries, at 9:30 GTM timing, London releases its news followed by European countries, by 11:00 New York wakes up, and the U.S. releases its news. These are the major news releases which have the most impact on Forex trading , and market directions. Not all news releases are as impactful as others, some releases are expected to be released and these usually have a waiting crowd and expectations, generally the most important releases are, interest rate decisions, retail sales, inflation, unemployment, industrial production, business sentiment surveys, consumer confidence surveys, trade balan

How to Become an Online Forex Trader

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In today's rapidly evolving world, online forex trading has garnered immense popularity and has become exceptionally accessible. Thanks to the strides in advanced technology, coupled with user-friendly platforms such as XtreamForex , individuals now have the opportunity to engage in foreign exchange trading from the solace of their own homes. Without further ado, let's delve into the fundamental steps that you must undertake to embark on your journey as an online forex trader, and underscore the paramount importance of selecting the appropriate platform.  Step 1: Get Educated  Before you start online forex trading, you need a solid foundation of knowledge. Learn about currency pairs, leverage, margin, pips, and technical analysis. Take advantage of the many educational resources available online, such as e-books, video tutorials, and webinars. Building your knowledge is key to success. Step 2: Choose XtreamForex  Selecting the right FX trading platform is vital. XtreamForex is