Crypto vs Forex Trading: Key Differences Explained
In today’s fast-evolving financial world, many investors are looking at various trading avenues to boost their returns. Two of the most popular options are cryptocurrency (crypto) trading and foreign exchange (forex) trading. Each market offers distinct opportunities and challenges, making it crucial to understand their differences before diving in. At XtremeMarkets, we provide in-depth insights […]
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar
EUR/USD Dips Below 1.0950 Amid Stronger US Dollar The EUR/USD pair continued its decline, dropping to around 1.0920 during early trading in Asia on Monday. This downward movement is driven by risk aversion, fueled by escalating geopolitical tensions in the Middle East and rising conflicts between China and Taiwan, which are pressuring riskier currencies like […]
How to Use Forex Technical Analysis to Gain Insights on Market Trends
Forex trading provides opportunities to profit from market fluctuations, but understanding trends and key data is crucial for effective trading. This is where technical analysis becomes essential, as it focuses on price movements and trading volume to uncover patterns and market direction. What Is Technical Analysis? Technical analysis involves studying price movements and volume to […]
What is Social Trading? Learn the Basics and Benefits
How actively do you engage in trading? If you’re reading this, you likely have a good grasp of the expansive world of CFD trading and the broader financial markets. You may have noticed a growing immersion in trading culture; the rise of the retail trader has indeed made a significant impact globally. As the modern […]
The Long-Term Forex Trading Strategy Guide
This article delves into long-term Forex trading strategies, outlining best practices and key considerations for traders. While many professional traders are drawn to day trading due to its excitement and potential for quick profits, long-term (positional) traders can also see significant gains over time. Introduction to Long-Term Forex Trading Can you trade Forex long-term? Many […]
How to Find the Best Forex Trading Course
Have you recently been intrigued by the potential of Forex trading and want to get started? While the idea is exciting, it’s crucial to first spend time learning the intricacies of the Forex market. With a wide range of courses available, it’s essential to choose wisely. In this article, we’ll explore what to look for […]
How to Open a MetaTrader 5 Account
Are you interested in opening a MetaTrader 5 demo or live account? In this guide, we’ll walk you through the steps needed to get started on MetaTrader 5 and begin your trading journey. Steps to Open and Trade on a MetaTrader 5 (MT5) Account Below are the five essential steps to set up and start […]
Top 7 Trading Quotes to Enhance Your Trading Psychology
Understanding trading psychology is crucial for success in the financial markets. Often, mastering your mindset is what differentiates successful traders from those who fail. To assist you in developing a strong trading psychology, we’ve gathered seven insightful quotes from some of the most successful investors and traders. These quotes will offer valuable lessons and guidance […]
How to Trade with MetaTrader WebTrader: A Comprehensive Guide
In the fast-paced world of online trading, having access to a reliable and versatile platform is essential. MetaTrader WebTrader, a browser-based version of the popular MetaTrader platform, offers traders the flexibility to trade from anywhere, without the need to download or install any software. This guide will walk you through the essentials of trading with […]
Why Reading Analyses is Essential for Trading
Over time, we’ve received comments questioning the necessity and usefulness of reading analyses for trading. These remarks have persisted for some time, so we’ve compiled a list of common criticisms along with responses to address each one. Why Should Traders Read Any Analysis? Forex trading is complex, and the world is full of variables that […]
Gold Price Trades with Modest Losses Below $2,400, Downside Potential Appears Limited
Gold Price Trades with Modest Losses Below $2,400, Downside Potential Appears Limited Gold (XAU/USD) is struggling to build on the previous day’s rebound from the 50-day Simple Moving Average (SMA) support around the $2,365-$2,364 region, a one-week low, attracting some intraday selling pressure on Tuesday. The dip is driven by renewed US Dollar (USD) strength, […]
Gold Price Near Two-Week High Amid Upbeat Market Mood
Gold Price Near Two-Week High Amid Upbeat Market Mood During the Asian session on Thursday, the gold price (XAU/USD) maintained a positive bias and remained just below the nearly two-week high reached the previous day. However, the strong bullish sentiment across global equity markets acted as a headwind for the safe-haven precious metal, particularly amid […]
Gold Price Hits Multi-Day High, Awaits FOMC Minutes for Direction
Gold Price Hits Multi-Day High, Awaits FOMC Minutes for Direction Gold prices (XAU/USD) are seeing renewed buying interest during the Asian session on Wednesday, building on the previous day’s rebound from the $2,319-$2,318 support zone. Currently, the precious metal is positioned near the top end of its short-term trading range, which has held steady over […]
Japan’s Service Activity Declines for First Time in 2 Years, PMI Reveals
Japan’s Service Activity Declines for First Time in 2 Years, PMI Reveals Japanese service activity contracted in June for the first time in nearly two years as domestic demand cooled, according to a private sector survey released on Wednesday. Despite this contraction, business confidence and hiring indicators remained positive. The service sector has been a […]
Japan’s Land Prices Rise at Fastest Pace Since 2010, Tax Agency Reports
Japan’s Land Prices Rise at Fastest Pace Since 2010, Tax Agency Reports In 2023, Japan’s land prices experienced their fastest rise since comparable data became available in 2010, as reported by the National Tax Agency on Monday. This increase highlights a robust recovery, driven in part by a resurgence in tourism following the coronavirus pandemic. […]
Debate Highlights: Biden Struggles Against Trump on Economy
Debate Highlights: Biden Struggles Against Trump on Economy During the recent presidential debate, President Joe Biden struggled to demonstrate his readiness for a second term, faltering against former President Donald Trump. The debate was controlled and policy-focused, contrasting the 2020 debates’ outbursts and testy exchanges. Biden’s performance raised concerns about his age and mental acuity, […]
What is a Forex Trading Robot or Forex Expert Advisor?
In the fast-paced world of forex trading, staying ahead can be challenging. That’s where forex trading robots, also known as Forex Expert Advisors (EAs), come into play. These automated systems are designed to help traders execute trades with precision and efficiency. But what exactly are they, and how can they benefit you? Let’s dive in. […]
Chinese Economy Poised for Growth Despite Challenges
Chinese Economy Poised for Growth Despite Challenges China’s economy is set to continue its growth trajectory this year, bolstered by significant untapped potential in rural consumption, manufacturing, and further economic liberalization, as reported by the World Economic Forum. Chen Liming, chair of Greater China at the WEF, highlighted China’s enduring strengths such as its vast […]