What is Fading in Forex Trading?

Fading is a kind of Forex trading technique which is used by  traders who assume a rapid upward movement. These traders also  takes a short position on  which expecting a  possible reversal in prices. This trading technique is sometimes very risky as traders have to go against the trend while carrying out a Forex trading. […]

What is factory orders in Forex Trading?

    The factory orders report is created  by the United States  Census Bureau which consists of both non durable and durable goods report. It also includes detailed report along with non-durable goods orders. This report is a predictable and complete report containing all contents of tends to be rather predictable with non durable goods […]

What is Empire State Manufacturing Index (ESMI) in Forex Trading?

The Empire State Manufacturing Index (ESMI) is a very popular survey which is offered by the Federal Reserve Bank of New York about the plight of the  manufacturing companies within the state of New York. This index measures the feelings of manufacturing employers about the economy. This is the most popular economic index as it […]

What is Employment change report in Forex Trading?

Employment change report is a report which measures change report measures changes in the employment  conditions as compared to the last month. In simple terms, this reports calculates the number of people who lost or gained jobs during last 1 month. The report shows a negative number of the jobs lost are more than jobs […]

What is Egyptian pound in Forex Trading?

The Egyptian pound is the official currency of the Egypt. It is subdivided into 100 piastres, and 1,000 milliemes. The LE or L.E is the abbreviation used by the Egyptian pound for its identification which stands for livre égyptienne. The   E£ and £ symbols are utilized on the internet.