Daily Analysis
EUR/USD: This market has been moving steadily in the...
The monthly probability is bearish as price is in a large Bearish channel. As long as price remains below the monthly pivot/psychological resistance at 1.1200 I shall deem the probability Bearish. The weekly probability is Bearish too as there is a Bearish crown and a down Fibonacci swing. Next pivotal support is at 1.0500. Even though the monthly and weekly probabilities a ...
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Broker Reviews
Oanda Review
It is hard to find a broker that is highly respected in the Forex market industry like OANDA. Since its establishment in 1996, OANDA has been one of...
Read Full ReviewFXPro Review
FXPro is a European online broker and currency trading platform which is based in London. It is known internationally with a large global footprint,...
Read Full ReviewIG Group Brokerage Review
IG Group (IG) is considered the leader in the Forex and CFD brokerage space, with a ubiquitous global presence, experience and industry accommodations...
Read Full ReviewPlus500 Review
Plus500 is an online brokerage service located in the UK that specializes in the Forex market. They are authorized and regulated by the British...
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Forex Glossary
Contract for Difference (CFD) Trading
The Foreign Exchange Market is more than buying and selling currencies to make a profit. There is no such thing as typical FX trading. Different
Continue ReadingIntermediate Forex Trading
The path from novice to expert Forex trader is one of degrees. You’re far from being an expert, but you’re not a newbie anymore, either. In truth,
Continue ReadingForex Glossary
Welcome to the ForexTips.com Glossary. Here you will find all the definitions you will hear/see while trading in the forex market. To sort terms by
Continue ReadingSterling
Another term for the Great British Pound.
Cross Rates
An exchange rate between two currencies. The cross rate is said to be non-standard in the country where the currency pair is quoted. For example, in the US, a GBP/CHF quote would be considered a non-standard rate; whereas in the UK or Switzerland, GBP/CHF would be one of the primary currency pairs traded.
Mark to Market
The process of valuing a trader’s book at the end of each market day, using the closing market rates or revaluation rates. Any profit or loss is booked and the trader will start the next day with a net position.
