Category Archives: News

Why There Are So Many Forex Traders In Singapore

Why There Are So Many Forex Traders In Singapore

Singapore is the world’s 4th largest Forex trading center behind London, New York and Tokyo. With a population of around 5 million, and just over 20,000 active Forex traders it has one of the highest participation ratios in the world. Why are so many Singaporeans taking to the Forex market, and what can traders expect […]

What Sorts Of Things Affect Forex Rates?

What Sorts Of Things Affect Forex Rates?

Forex traders will often look to the fundamental qualities of an economy to indicate the possible future of its currency. Many factors can affect Forex rates but some key factors tend to have more of an effect than others. A few of these are below. GDP An economy’s Gross Domestic Product (GDP) is the total value of […]

Xeno Currency

Xeno Currency

Definition Xeno Currency is a term used for the currencies which are not the official currencies of the country in which they are traded in. Xeno means foreign or stranger. Initial in foreign exchange market, when it was still in its nascent stage and when the global economy was still developing, countries used these terms […]

Leverage In FX Trading — Friend Or Foe?

Leverage In FX Trading — Friend Or Foe?

One thing that draws traders towards FX trading is the ability to harness the power of leverage. Leverage offers traders a chance to magnify the earnings potential of their initial capital, and can dramatically increase the returns available to a trader on any given trade. The problem is leverage can have an opposite but equal […]

Grid Trading

Grid Trading

Introduction Grid Trading is a way of forex trading where traders use plenty of methods to trade the ups and downs of the many currency pairs, thereby changing their profit margins. For this they generally fixed a range of exchange rate and buy and sell between these price levels only. For example, lets assume that […]