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October-Pink Month

Pink ribbons are everywhere as October is in full swing. It is the time of the year when Breast Cancer Awareness has been taken place to raise public awareness about the importance of the disease, which is the most common cause of cancer death in women and the fifth most common cause of cancer death overall. According to the International Agency for Research on Cancer (IARC), there were more than 2 million new cases and almost 685.000 deaths from breast cancer worldwide in 2020.

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The Three Types of Market Analysis

Trading the forex market involves great discipline and dedication to analyzing the market. To make a sound and reliable decision to sell or buy a currency, traders need to perform several types of analysis and strictly follow the rules of their trading strategy. Whatever your strategy is based on, it probably involves one of the following types of analysis, or a combination of them.

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Fibonacci Trading

The Fibonacci Sequence is a popular concept in technical analysis. Traders around the world use Fibonaccis in their daily trading, making it a tool based on self-fulfilling expectations, and that’s why the price will often bounce of the Fibonacci levels. Let’s start with introducing Leonardo Fibonacci, the famous Italian mathematician.

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Forex Futures Trading

Forex futures is a derivative of the Forex market. However, the volume of Forex futures trading is about 1% of the total Forex market. This market operates in much the same way as traditional futures, such as for commodities: The futures are purchased on a contract, which specifies the currency pair(s), the amount, the date of purchase, and the price of the purchase on that date.

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