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.

USD/CAD: Trend reversal at overbought suggest us to shortUSD/CAD: Trend reversal at overbought suggest us to short

Overview:– Pair is showing too much volatility and heading towards north side and marked a high of 1.4666 but the journey was started from 1.3220 level and since then bulls

GBP/USD: Trend reversal signal at key support level, time to buyGBP/USD: Trend reversal signal at key support level, time to buy

Overview:- GBP/USD is trading below 1.2300, struggling amid concerns of a no-trade-deal Brexit and reports of infrastructure spending. The US dollar remains robust amid upbeat data and corona virus headlines.

AUD/USD: Go for buy as it is at multi year’s low i.e Feb 2009AUD/USD: Go for buy as it is at multi year’s low i.e Feb 2009

Overview:– The daily chart is showing undoubtedly a blood bath in the pair and in the pure selloff no one is interested to buy the pair. But Pair has marked

Gold: Double top pattern on daily chart suggest to sell it.Gold: Double top pattern on daily chart suggest to sell it.

Overview:-  The both side whipsaws in the gold is the nature of yellow metal where trades are making both side profit and betting on it with full of conviction. Initially

Gold: Double top pattern on daily chart suggest to sell it.Gold: Double top pattern on daily chart suggest to sell it.

Overview:-  The both side whipsaws in the gold is the nature of yellow metal where trades are making both side profit and betting on it with full of conviction. Initially

NZD/USD: Double bottom pattern on weekly chart flashing buy signal.NZD/USD: Double bottom pattern on weekly chart flashing buy signal.

Overview:-   The pair is now heading upside and bulls are leading in the game with full of dominance in the pair. The Pair is have full strength to move

AUD/USD:Bulls started to get the reaction from the lower edge.AUD/USD:Bulls started to get the reaction from the lower edge.

Overview:– Since last 3 consecutive days bulls rolled up and converted all the bearish sentiments into bullish sentiments. The current picture depicts that bulls are doing their best and heading

EUR/AUD:Some correction or profit booking is expectedEUR/AUD:Some correction or profit booking is expected

Overview:- Pair has bounced from the 1.6100 level and arrived at 1.7100 level which is a fantastic move well the way bull are reacting it seems like bulls are doing

USD/CAD: Trend reversal signal at an initial phase.USD/CAD: Trend reversal signal at an initial phase.

Overview:– Pair is showing too much volatility and now it has become trending when most of the traders were selling it and pair was heading upside. The upside rally started

AUD/USD:Bulls are knocking the door, after strong blood bath.AUD/USD:Bulls are knocking the door, after strong blood bath.

Overview:– AUD/USD pair has made a fantastic downfall from 0.7000 level to 0.6540 level, which is a fabulous selloff or blood bath since last week of December 2019. Well the