Online Trading Academy Team
Online Trading Academy
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Summary
With most trading instruments, you are usually buying or selling one security at a time. With Forex, you are actually trading two at a time! In this lesson we look at the mechanics behind spot Forex trading and also explain the various trading sessions that take place around the clock.
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Editors’ Picks
EUR/USD consolidates around 1.1150 amid mixed trade headlines
EUR/USD is trading around 1.1150, consolidating previous gains. President Trump has expressed optimism about clinching a deal with China, while some officials have cast doubts. Brexit headlines are set to impact the euro as well.
USD/JPY holds steady above mid-108.00s
The USD/JPY pair failed to capitalize on the early uptick to multi-day tops and is currently placed at the lower end of its daily trading range, just above mid-108.00s.
GBP/USD slides toward 1.29 ahead of critical vote on the Brexit deal
GBP/USD falling toward 1.29 as parliament is set to debate and vote on UK PM Johnson's Brexit deal. The vote on the program to complete the process quickly is also critical.
Gold edges up to $1490 area, lacks follow-through
Gold edged higher through the early European session on Tuesday and is currently placed at the top end of its daily trading range, around the $1489 region.
WTI: Bulls testing the 21-DMA in broader bearish technicals
The price of WTI is firmer in Asia, higher by 0.28% having risen from the $51 handle at the start of the month, failing to follow through the 55 figure mid-month and morphing into a wedge contained between familiar ranges.