Category: Forex Broker

What is a Forex Broker?

Forex broker are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. Transactions in this market are always between a pair of two different currencies, so forex traders either buy or sell the particular pair they want to trade.

Forex broker may also known be as a retail forex broker, or currency trading brokers. Most forex broker firms handle only a very small portion of the volume of the overall foreign exchange market. Retail currency traders use these brokers to gain access to the 24-hour currency market for purposes of speculation. Forex broker services are also provided for institutional clients by larger firms such as investment banks.

Eur/Usd- Will bulls give breakout of symmetrical triangle?Eur/Usd- Will bulls give breakout of symmetrical triangle?

EUR/USD- From the past couple of weeks we are witnessing both side whipsaws where bulls and bears are fighting for their side, eventually pair is trading and moving in a symmetrical

USD/CAD: Resistance line of downtrend channel suggest to Short.USD/CAD: Resistance line of downtrend channel suggest to Short.

Overview: – Overall pair has shown too much volatility and headed up towards the north side i.e. 1.4666, the journey was started from 1.3220 level and since then bulls took the

Major Breakouts on the Cards: Every day is not for tradingMajor Breakouts on the Cards: Every day is not for trading

GOLD:-    The hourly along with daily chart showing tug of war between bulls and bears but no one is coming up with results as we can see that a

Major Breakouts on the Cards: Every day is not for trading.Major Breakouts on the Cards: Every day is not for trading.

EUR/USD:-  Pair is trading in very narrow range in 1.0790 and 1.0850 well a valid breakout on either side will give us new buy signal or sell signal. So traders

Major Forex Pair BulletinMajor Forex Pair Bulletin

Gold- Gold:- Tug of war between bulls and bears are going on and it seems like both are trying their best to move on. Well it is not to trade

EUR/CAD: Bears are getting supply pressure from.EUR/CAD: Bears are getting supply pressure from.

Overview:- By looking at the daily chart we can see that pair is heading towards south side after testing the downtrend line or upper line of downtrend channel line. The

Silver: A rounding top pattern is in process of formation.Silver: A rounding top pattern is in process of formation.

Overview:- From the past couple of days we are witnessing a very range bound move but yesterday we have seen an initiate taken by bears where they made a low

US Oil: After profit booking once again bulls are heading south side.US Oil: After profit booking once again bulls are heading south side.

Overview: A massive bearish storm has seen in the crude oil where last contract settled in negative first time in the history where most of the traders had bought it

GBPAUD: – A clear cut downside breakout of uptrend line invites bears for party.GBPAUD: – A clear cut downside breakout of uptrend line invites bears for party.

Overview:- By analyzing the daily technical chart we can see that earlier bulls were doing well and they marked a fresh high  of the year at 2.0850 level but they

EUR/USD: Downsid breakout of symmetrical Triangle pattern.EUR/USD: Downsid breakout of symmetrical Triangle pattern.

Overview:-  From last couple of days EUR/USD was unable to move on either side as we can see that it was moving in very narrow range it looks like both