Petrobras Leadership Change Recently, Petrobras appointed a new CEO, Jean Paul Prates, under the direction of President Lula. Upon taking office, Prates emphasized that despite the global shift towards renewable energy, Brazil, as Latin America’s largest oil producer, will continue to increase fossil fuel production. He stated that oil production would remain the company’s top...
Category: Forex
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Discover the correlation in FOREX pairs
Discover this fundamental tool called Correlation in Forex pairs and unlock the secrets of currency movements! Today, we will explore the correlation analysis between currency pairs in the Forex market. That’s right, you will discover the secrets behind currency movements and how to identify business opportunities based on these correlations. Correlation between currency pairs is...
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EUR/USD – Best Asset to Start Trading
What’s the Best Asset to Start Trading With? If you’re interested in diving into the world of trading, selecting the right asset is crucial for your start. In this article, we’ll delve into why the EUR/USD currency pair is the ideal choice for beginner traders. We’ll explore the benefits of its high volatility, abundant liquidity, ease of technical analysis, and the availability of educational resources.
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How does Forex robot work?
If you are involved in Forex trading, you are likely familiar with Forex robots. However, the effectiveness of these robots and their potential to enhance profitability may leave you questioning their true value.
Forex robots, in essence, are software programs designed to automatically execute trading operations in the financial market, eliminating the need for manual intervention.
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Understand The Trading Sessions
The forex market, also known as the Foreign Exchange market, is a decentralized marketplace that operates on a global scale. Specifically for FX trading, it is a 24hr market staying open for the full 5 weekdays. However, this does not mean that the market is always super active throughout the whole 5 days, and even...
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What is Forex Volume?
Unlike exchanges that process stocks via a clearinghouse, the forex market is comprised of several commercial banks, proprietary trading firms, hedge funds, and individual traders. The fragmented nature sees forex transactions operate via electronic platforms in the absence of clearinghouse and a primary exchange. The foreign exchange market is decentralized and processed over-the-counter (OTC), which is...
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Understanding Spread in Forex Trading
The foreign exchange market also known as FX market or Forex market is a decentralized global currency trading platform for all kinds of traders to participate in different purposes including hedging and speculation. The FX market is undoubtedly the largest financial market, with a daily volume of FX trading averaged around US$2.0 trillion according to the Triennial...