Home Economy Threat of US Fed rate increase — how the dollar has responded

Threat of US Fed rate increase — how the dollar has responded

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One of the most actively traded markets in the world is the foreign exchange (forex), which enables you to invest in the world’s currencies. As a forex trader, you’ll buy and sell currencies through currency pairs, attempting to potentially profit from price movements in the market. 

The forex market is highly volatile and affected by external factors, meaning prices will fluctuate. To trade forex successfully, you’ll need to understand the factors which can impact your position, so that you can best prepare and respond to increased levels of volatility. 

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To help you to get started, you can learn more about forex trading on Plus500, for example and use an array of online resources to research the market.

One factor to take into consideration are the data release from central banks. Central banks have a significant impact upon the forex market, since they control a nation’s monetary policy and supply. This means that they…

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