Monthly Archives: December 2024
41654156156Forex Leverage Explained: Benefits, Risks, and Best Practices for Safer Trading
Written on December 18, 2024 at 5:57 am, by seoagencyteam
Forex leverage is a fundamental concept in currency trading that empowers traders to control substantial positions with a relatively small amount of capital. By utilising leverage, traders can amplify their potential profits from market movements that would otherwise yield minimal returns due to the typically low volatility in forex prices. However, this financial tool isContinue Reading
Reverse Hammer Candlestick: A Key Reversal Signal in Trading
Written on December 18, 2024 at 5:54 am, by seoagencyteam
An Inverted Hammer candlestick is one of the most famous charting tools in technical analysis. It is used to identify a potential reversal pattern from bearish to bullish. This trend may occur after a downtrend or a corrective phase within an uptrend, which suggests that selling pressure may slowly decrease and a shift towards upwardContinue Reading
All Eye on Today’s FOMC Interest Rate Decisio
Written on December 18, 2024 at 5:33 am, by pumarketings
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
