What is Merchandise Trade Balance Monthly in Forex Trading?
It measures the trade balance between imports and exports. Exports greater than imports shows a trade surplus while exports lower than imports shows a trade deficit. Any fluctuation in figure significantly affects the domestic economy of Japan. Japan economy heavily relies on trade surplus, which is a positive figure for economic growth. The data of […]
What is Medium-Term Trading in Forex?
Medium-term trading in forex bound the holding period from one day to five days. A trader who enters and medium-term exit trades can be considered as a medium-term trader. The trader hold position for an hour or a few days with the intent to hit specific profit targets. Compared to long term trading and scalping, […]
What is Mechanical Trading in Forex?
It is system of buying and selling stock or commodity according to predetermined criteria or trigger. The main purpose of mechanical trading is to eliminate human emotive behavior as possible, because human emotions during trade adversely affect or could rational trading decisions. The mechanical trading is frequently publicized as the end all to Forex trading. […]
What is Mcclellan Oscillator in Forex Trading?
It is market breadth technical indicator used by financial analysts to evaluate the difference between advancing and declining stocks. Mcclellan Oscillator define the performance of whole market instead of single asset. In 1969, Mcclellan Oscillator was developed by Marian McClellan and Sherman for use with NASDAQ or New York Stock Exchange. Mcclellan Oscillator is calculated […]
What is Maximum Trading Power in Forex Trading?
The trading power in financial market greatly depends upon the leverage and margin. The maximum trading power of any account is calculated by increasing the maximum leverage ratio by the account value. Usually margin and leverage increases the chances of profit and loss by increasing the trading power. The leverage is the money that trader […]
What is Mauritius Rupees in Forex Trading?
It is an official currency of Mauritius with currency code MUR and symbol Rs. It is subdivided into 100 cents. The first Mauritius Rupees coins were introduced in 1977 in denominations of 1, 2, 5, 10 and 20 cents. Production of coins ceased in 1899 to until 1911. In 1971, the Royal Mint introduced a […]