The Australian Bureau of Statistics announced today that the country’s Gross Domestic Product (GDP) rose by 0.6 per cent in the last quarter of 2012 and 3.1 per cent on a year-on-year basis. The q/q figures released are in line with previous growth expectations against the upwardly revised +0.7 per cent in Q3 from +0.5 per cent. Meanwhile, the y/y figures were slightly above the previous 3 per cent expectation. Read more >>
Since scalping relies on making profits from very small movements in foreign exchange rates, it’s only really feasible if you trade on high leverage since you need to invest a significant amount to make any serious money. Read more >>
Even though all forex trades involve the simultaneous buying of one currency whilst selling another, it is much easier to think of a currency pair as a single unit, or an item that is bought and sold. Read more >>
The PIP spread is the gap between the rate you sell a currency at compared to what you can buy the same currency for. Once again, you can see this by examining the table above. The Sell rate for the EUR/USD is 1.3087 vs. a buy rate of 1.3090. Read more >>
Welcome to the ultimate FxstrategyForex training program where our aim is to help you trade fx profitably. This article teaches you the basics of FX. If you prefer, watch the video at the bottom of this article which covers the same material. Read more >>
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