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Why is the gold price hitting record highs?

On 12 April 2024, the price of gold shattered records, reaching a staggering USD 2,431.42 per ounce. This 30% increase year-over-year has sent shockwaves through the financial world, particularly exciting forex traders with a keen eye on this timeless asset. But what’s driving this golden phenomenon? The safe haven: Why gold shines bright Gold hasContinue Reading

Strong dollar, weak dollar: Navigating the forex tides

In the fast-paced world of forex trading, understanding the ever-shifting tides of currency strength is crucial for success. For forex CFD (contract for difference) traders, particularly those focusing on the U.S. dollar (USD), deciphering terms like “strong dollar” and “weak dollar” can be a game-changer. This knowledge empowers you to make informed trading decisions basedContinue Reading

Black gold and beyond: The top 10 oil exporters

The world runs on oil. From powering our vehicles to fuelling factories and generating electricity, this fossil fuel remains a critical driver of the global economy. The global crude oil market size is estimated as a staggering USD 3 trillion in 2023, highlighting the immense influence oil has on our world. But where does allContinue Reading

How to set up your trading screens

In the dynamic world of forex trading, having a well-organised and efficient trading screen can significantly enhance your ability to make informed decisions and navigate the markets with confidence. Whether you are a novice trader just starting out or someone looking to optimise their trading setup, understanding how to structure your trading screens is essential.Continue Reading

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