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Advantages of Forex Trading with Binary Option

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Binary options or binary options are an alternative way to play the rforex period. While this is a relatively expensive way to forex trading compared to the leveraged forex trading offered by a number of brokers, the fact that the potential maximum loss is limited and previously known is a major advantage of the option. However, the first one, what is the picker? Binary OPsi can be used to speculate on the results of various situations, for example, will the jobless claims this week be higher than the market forecast, or will the EUR or JPY fall against the USD today? Say gold is trading at USD 1,195 per troy ounce now and you are confident will trade above USD 1,200 that day. Assume you can buy binary options in gold trading at or above USD 1,200 at the close of the day, and this option is trading at USD 57 (bid) / USD 60 (offer). You buy the option at USD 60. If gold closes at or above USD 1,200, as you expect, your payment will be USD 100, which means that your gross profit (befor...
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USD Hampered by US Tax Reform Uncertainty

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The US dollar was steady against a basket of currencies on Thursday, but its short-term outlook was unnerved by concerns over possible postponement of US Presidential tax reform plan Donald Trump. USD holds at 94.903 against a basket of six major currencies, coming under a three-month high of 95,150 set at the end of October. The New Zealand Dollar (NZD) touched a two-week high after comments from the country's central bank on the inflation outlook seen as hawkish , although interest rates remain unchanged as expected. NZD rose to as low as USD 0.6974 in early Asian trade on Thursday, its highest level since October 24. Then descend from the peak and last traded at USD 0.6955. The Reserve Bank of New Zealand (RBNZ) said the fiscal stimulus from the government led by the new Labor Party and weaker currencies would lead to faster inflation. The RBNZ projected a possible rate hike for the second quarter of 2019, three months earlier than previously estimated. Analysts said the broad...
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Supported US Treasury Bonds, USD Stronger, GBP Stable

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The US dollar (USD) received support from higher US Treasury yields in early Asian trade on Tuesday, while British sterling (GBP) held back a recent decline, following concerns about Theresa May's ability to stay as British Prime Minister . The USD index, which tracks the US currency against a basket of six major rivals, was stable today at 94.499. Against the Japanese currency (JPY) currency, the USD inched 0.1 percent higher to 113.70 yen, but remained below the eight month low at JPY 114,735 last week. "USD has the support of the US bond yields, but I'm really surprised that the USD is not going higher, so maybe the correlation between the USD and USD bond yields is down," said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo. with the Fed expected to raise interest rates in December, the USD could rise higher in the coming weeks, "he said. The yield on the two-year US Treasury note hit a nine-year peak on Monday, as the yield curve c...
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What is Forex Scalping?

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Scalping, at least in trading, is a term used to show "skimming" small profits on a regular basis, with in and out of positions several times per day. Scalping is not like day trading where a trader will open a position and then close it again during the current trading session. In other words the scalper never carries a position to another trading period or holds a position overnight. Though a day trader may look to take a position once or twice, or even several times a day, but the scalper is much more frenetic and try to get a few small gains several times in one session. A day trader can swap the charts for 5 minutes and 30 minutes, but the scalper often redeems the tick chart and one minute chart. In particular, some scalpers like to try and capture the high speed moves that occur around the time of the release of economic data and other important news events, such as the release of employment statistics or GDP releases if it is a high-level economic agenda. Scalping, ...
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Supported US Treasury Bonds, USD Stronger, GBP Stable

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The US dollar (USD) received support from higher US Treasury yields in early Asian trade on Tuesday, while British sterling (GBP) held back a recent decline, following concerns about Theresa May's ability to stay as British Prime Minister . The USD index, which tracks the US currency against a basket of six major rivals, was stable today at 94.499. Against the Japanese currency (JPY) currency, the USD inched 0.1 percent higher to 113.70 yen, but remained below the eight month low at JPY 114,735 last week. "USD has the support of the US bond yields, but I'm really surprised that the USD is not going higher, so maybe the correlation between the USD and USD bond yields is down," said Masashi Murata, currency strategist for Brown Brothers Harriman in Tokyo. with the Fed expected to raise interest rates in December, the USD could rise higher in the coming weeks, "he said. The yield on the two-year US Treasury note hit a nine-year peak on Monday, as the yield curve c...
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The Influence of Social Media in Forex Trading

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Forex trading is a global phenomenon due to the latest technological advances. Traders around the world trade different forex partners and as a result, highlighted by the world's social media as well. Social media includes Facebook, Twitter, LinkedIn and many other online platforms that people use for virtual and online social gathering. One of the advantages of social media is that it has no limits. You can easily communicate with your friends living in London and exchange important news. It helps social media spread the word around the world at a faster rate and this also affects forex trading. In this article, you will get to know some important features of how social media is affecting your trading in the forex market. Facebook is the first social media used by almost every citizen of all countries in the world. Everyone has a free Facebook account to open. As a result, traders around the world set up a Facebook community to exchange ideas and help themselves in trading. If...
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