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On November 22, the German GDP will be released. It is the broadest measure of economic activity and is a key indicator of economic health.
Here’s how EUR/USD could respond:
🔽 Below -0,1% may drive EUR/USD down
🔼 Above -0,1% may drive EUR/USD up
⏰ In the past 24 hours EUR/USD pair was traded 76,456 times on the IQCent platform
❗As a beginner starting with pairs that have high liquidity and strong trader interest can be a smart move, as these pairs often show more predictable price movements,making it easier to analyze
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💰In OTC trading, you make money by speculating on the price movements of the assets.
💰 In Forex trading you make money by correctly speculating on whether one currency will strengthen or weaken relative to another.
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📊Our free integrated into the platform Economic Calendar covers key economic events, announcements and news that affect the market.
On IQСent filter them:
- by the importance,
- by country,
- by 20 top ecomonies.
#ecomonicnews#news#trading
👥 Copy Traders are traders who instead replicate the trades of other traders.
🎓Some may be novice traders who lack the knowledge or confidence.
🏆 While others may be experienced traders just looking to diversify their strategies or save time on market analysis #copytrading
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❗When it comes to trading the forex markets as a beginner, it’s a good idea to stick to the currency pairs that attract the most liquidity.
When a forex pair has strong liquidity, we tend to see pairs acting more stably.
#trading#forex#liquidity
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