Forex Trading

Foreign exchange (Forex) trading is the process of buying one currency and selling another with the goal of making a profit from the trade. According to a 2022 triennial report from the Bank for International Settlements (a global bank for national central banks), the daily global volume for forex trading reached $7.5 trillion in 2022. It’s these changes in the exchange rates that allow you to make...

It could indicate that buying pressure has been excessive and that the asset may be vulnerable to a downward price movement. Another way to identify whether it is an overbought or oversold market (or neither) is to pay attention to price movements. If the price of an asset is moving down very quickly and then starts to consolidate, this could be an indication that it is oversold. There are many different...