We are sure that at least once in your life you have heard the expression: "Real money is only in trading." There are many components of trading in the foreign exchange market, but one of the secrets of a stable profit on Forex is the ability to correctly choose a trading asset.
Among the trading instruments that have fairly stable forecasts for the end of 2017 and early 2018, oil has one of the most unanimous estimations.
Japanese candlesticks are used in trading to display price information. To successfully trade securities, stocks, or commodities, it is necessary to constantly analyze the price movements in the market. The most convenient and informative chart type is the Japanese candlestick chart.
Oil is still the dominant world fuel. However, this energy may soon not only lose its position, but also significantly lose in value due to the dynamic development of alternative energy sources. The basic factors of energy pricing are demand, production, and strategic reserves of oil energy. Nonetheless, there is a number of the other factors.
Forex has been the largest currency market in the world for many decades. In this market, the exchange rate and the price of the commodity are formed on the basis of supply and demand levels. On special trading platforms, transfer of monetary resources and the exchange of currencies occurs instantly.
Traders earn money due to the currency speculations in the Forex market. The Forex deal occurs as follows: a trader opens a deal and places an order to buy one currency for another. According to his forecasts, the euro exchange rate against the dollar will decrease/increase, so the deal will be to buy/sell the dollar and sell/buy the euro.