Here's a quick and comprehensive guide on how you can read currency pairs as a forex trader!
As usual my objective is to simplify all aspects of trading, so that even someone who has never seen a chart before, can make sense of the topic at hand.
Let's get into it -
Currency pairs are a combination of 2 different currencies and we can trade them based on how...
With the current aggressive interest rate hikes happening with some of the world's leading central banks due to inflation problems, we figured it would be an ideal time to discuss the carry trade.
This post will go into further detail about the carry trade and how it works in the forex market. We will also discuss one of the most popular carry trades to take...
Here is a list of what impacts the strength of a currency, as well as the impacts this strength has on the currency country(ies).
Things are of course more subtle than a simple excel list binary check. For example, some inflation is not automatically bad, it can be the sign of a country economic growth, and as it gets bad the relationship is not linear, inflation...
Earlier this year I had change SGD to AUD as I've planned to travel to Australia, due to Covid19 the plan is cancelled and this is the period I was waiting for a better time to change my SGD back to AUD as there will be no plans of travelling to Australia, at least for now.
I've made some money from the exchange. Having the trading knowledge do helps you to save and earn.
