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US Labor Day

Today US markets is closed (and so is the Canadian, especially those in Alberta) in observance of Labor Day (or “Labour Day” in Canada). Labor Day is celebrated annually on first Monday in September. This is a federal state holiday in US and all the 50 state have made Labor Day a State Holiday.
According to [...]

NFA- The Risk of Trading in Forex Market

Although every investment involves some risk, the risk of loss in trading off-exchange forex contracts can be substantial. Therefore, if you are considering participating in this market, you should understand some of the risks associated with this product so you can make an informed decision before investing.
As stated in the introduction to this booklet, off-exchange [...]

NFA - Introduction to Forex-part 2

You can read the part 1 of this articles in NFA-Introduction to Forex
How does the off-exchange currency market work?
The off-exchange forex market is a large, growing and liquid financial market that operates 24 hours a day. It is not a market in the traditional sense because there is no central trading location or “exchange.” Most [...]

NFA - Introduction to Forex

National Futures Association is a congressionally authorized self-regulatory organization of the United States futures industry. Its mission is to provide innovative regulatory programs and services that protect investors and ensure market integrity.
This article is copied from NFA official release contain some basic information of forex from NFA perspective. It is a good reading to start [...]

Forex Pip in Detail

This is probably the most used word in term of currency trading; Pip. Not only that it is easy to be spelled but also because it is what traders hunt in currency trading. Many trader say that knowing how many pip you gain or lose is more important than knowing how much money you gain [...]

Base Currency

The first currency quoted in a currency pair on forex. It is also typically considered the domestic currency or accounting currency. For accounting purposes, a firm may use the base currency to represent all profits and losses.
It is sometimes referred to as the primary currency.
For example, if you were looking at the GBP/USD currency pair, the Great [...]



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