How a trade deficit can lead to currency depreciation over time for countries importing more goods and services than they export. Conversely, trade surplus countries may witness currency appreciation.
Understanding how GDP growth influences a country's currency value positively, signaling a robust economy and increased currency demand. Central bank policies also play a crucial role.
Tips on staying informed about financial trends like following influential experts, economists, and business news outlets on social media platforms like Twitter and LinkedIn.
How maintaining a trading journal helps identify emotional biases affecting decision-making during trades. Self-awareness through journaling can improve trading performance.
Key steps in planning a successful forex trading strategy including market analysis, risk management, optimal position sizing, and understanding trading trends.
Updated on: 2024-08-28 00:06:49