6 Interesting Forex Facts Most Traders Don’t Know

By Admin in Articles 0 Comment

1. How did the first Forex market look?

The barter system is the oldest method of exchanging goods for other goods. It was first introduced in 6000BC by Mesopotamia tribes. Back in the day, salt and spices were used as the main mediums of exchange. This is how the first-ever form of foreign exchange looked like. Eventually, the first gold coins were produced in the 6th century BC, and they acted as a currency. Although gold coins were widely accepted as a medium of exchange, they appeared to be impractical because they were quite heavy. In 1875, the countries adopted the Gold more…

3 Times in History, When Traders Struck Gold

By Admin in Articles 0 Comment

Imagine you could travel back in time to any year you wanted. Maybe you have a time machine or a special power. Which year in history would you choose to travel back to?

Before you jump to your favorite costume’s era, consider the years when savvy traders made hundreds of thousands, even millions, almost overnight from the financial markets, simply because they made the right trade at the right time.

Wouldn’t you want to go back to these events in time and set yourself up for life too? Here are three times you could have struck gold if you’d been there, done that! Keep them in mind more…

Admiral Markets adds USDMXN to 40+ Forex pairs!

By Admin in Brokers news 0 Comment
USDMXN trading

Dear traders,

You asked, and we delivered – in response to an increasing number of requests, Admiral Markets is expanding its Forex offering to include another new currency pair:

  • USD/MXN – The US dollar crossed with the Mexican peso

The MXN ranks eight in global liquidity, behind the USD, the Euro, the Japanese yen and the British pound, and its most popular currency pairing is with the US dollar. However, it still offers great opportunities for traders wanting to speculate on Central American markets.

This latest addition to the suite of instruments available in our Trade.MT5 account brings more…

The main issue of the Pound

By GG Analyst in Reviews 0 Comment

GBP Brexit

EURUSD

Last 24 hours Euro is moving rather nervously. Yesterday, slipping back to 1.1320, the pair unexpectedly rallied up and managed to reach 1.1430 in the middle of the American session. By the end of the day Euro remained below 1.14 level, though today bulls made one more attempt to attack the price and the pair for some time has jumped up to 1.1450 – the highest level since October,15. But in a couple of hours again it was at 1.1350 level. If we look above those wild bounces we can easily notice that as a whole trading of EURUSD is going more…

Poor US stats push EURUSD above 1.25

By GG Analyst in Reviews 0 Comment

EUR/USD

The single currency continues its ascent due to USD’s retreat. The latter is under pressure since the economic statistics proved to be poorer than expected by market participants. Actually, it is a franker acknowledgement of the necessity to lock in profits in USD before the final phase of the year. After Thanksgiving Day the market is likely to get more speculative and nervous. It can be vulnerable to sharp upsurges (the Pre-New Year rally) and dips (correction before the end of the year). But since in the preceding months we have seen impressive growth of the US currency and assets, correction more…