MidasFX Knowledge Base
In the world of cryptocurrencies, confirmation is a measure of how many blocks have actually passed since a transaction was added to a coin’s blockchain. The more confirmations that have occurred, the more secure the transaction actually is. Referring to Bitcoin specifically, six confirmations are advised as a good safe when it comes to larger …
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Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange …
There are a number of data releases that can help traders and analysts understand changes to a country’s economy, the most relevant are: Capital Markets – The global capital markets are perhaps the most visible indicators of an economy’s health. There is a steady flow of media coverage and up-to-the-second information on the dealings of …
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The major currency pairs on the forex market are: EUR/USD USD/JPY GBP/USD USD/CHF.
The exchange rate represents the value of a country’s currency vs. that of another country or economic zone. Most exchange rates are free-floating and will rise or fall based on supply and demand in the market. Some currencies are not free-floating and have restrictions.
Numerous factors determine exchange rates such as Differentials in Inflation, Differentials in Interest Rates, Current Account Deficits, Public Debt, Terms of Trade, Strong Economic Performance . Many of these factors are related to the trading relationship between the two countries. Remember, exchange rates are relative, and are expressed as a comparison of the currencies of …
There are three major forex trading sessions which comprise the 24-hour market: the European session (London), the US session (New York) and the Asian session (Tokyo). SESSION MAJOR MARKET Time (GMT) Asian Tokyo 00:00 – 09:00 European London 08:00 – 17:00 US New York 13:00 – 22:00
MetaTrader 4 (MT4) is the most popular retail platform for currency trading. MetaQuotes created the trading platform in 2005
An economic calendar refers to the scheduled dates of significant releases or events that may affect the movement of individual trading instrument prices or markets as a whole. Investors and traders use the economic calendar to plan trades and portfolio reallocations, as well as to be alert to chart patterns and indicators that may be …
Fundamental and Technical analysis are two major schools of thought when it comes to approaching the markets, yet are at opposite ends of the spectrum. Fundamental analysis evaluates stocks by attempting to measure their intrinsic value. Fundamental analysts try to determine a company’s value by looking at its income statement, balance sheet and cash flow …
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