High Yen Levels as Dollar Continues to Decline

High Yen Levels as Dollar Continues to Decline

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The Japanese yen rose on Monday as the dollar weakened, causing the yen to hit a two-and-a-half month high last week.

The Japanese Yen found support from the dollar's decline after weak data from the US manufacturing and services sectors, which added to the negative pressure on the dollar after the Fed's meeting minutes showed a split of members on the future of inflation and monetary policy.

Today, the Japanese Yen finds further support from the decline and volatility of Asian equity indices, which increases demand for the Japanese Yen as a safe haven and alternative investment in the Asian markets.

This week, the US tax cuts, the new Federal Reserve chairman and a number of bank members are still in sight this week, which could trigger moves across currencies.

The USDJPY is currently trading at 111.39 after opening today's session at 111.66 to hit a low of 111.34 and hit a high of 111.66.

What are the best strategies that can be used in the Forex markets?

Is forex trading usually expensive?

This depends on how you trade. But the fact is that, unlike many other markets, Forex trading can be inexpensive. Since most brokers offer at least 100: 1 trading capabilities, traders can trade tens of thousands of dollars at just $ 500 per account.

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This is the question of the best trading experts in the world. There is no single answer to this question. However, there is one basic principle regarding forex trading strategies, and the important thing is that the trader has a specific trading strategy. Which separates trading in Forex and between gambling. You can use one of the hundreds of strategies available for Forex trading to increase profit opportunities, and many traders find it difficult to stick to their strategies, especially when they are forced to leave a trading session in case of a profit. But the important thing is to use strategies and stick to them.

Forex Profits

Forex Profits

What is the best way to manage (or avoid) the risks that you can face while trading?

There are many ways to avoid high risks in Forex markets, but the basic tools used by most investors are "stop loss", "take profits" and "limit orders" . It is possible, through these tools, to reduce risk and increase the probability of profit.

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The potential returns from trading in Forex markets are almost infinite. Many Forex companies offer a high leverage so that the trader can trade tens and hundreds of thousands of dollars while the capital may be a few hundred dollars in balance. Some companies even have a leverage of 1: 500. Obviously, the higher the leverage, the higher the chances of profit, but with it the loss rates also rise.

Currencies in Forex

Currencies in Forex

How are currency rates determined?

The Forex market is one of the most volatile markets in the world, and since it operates 24 hours a day, this market is never calming. Prices depend on a wide range of economic and political factors. Everything can affect the Forex markets, but the main factors affecting currency rates are: interest rates, inflation and political and economic stability of countries. Governments often enter the Forex arena to influence currency prices, either by flooding the market with the country's currency in order to lower its price, or by buying large amounts of the currency in order to raise the price. However, given the size of the Forex market, there is no single entity that can affect the market significantly.

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What do terms like Bid, Spread, Rollover, etc. mean?

There are many terms to learn before you start trading in Forex. You can find many of them on the Forex terms page as well as using an economic dictionary page as well.

The first steps in Forex

The first steps in Forex

What do I need to start trading in the Forex markets?

Unlike other markets, you do not need much to start trading in Forex. You do not need a license, and you can start with a very small capital. However, it is not wise to start trading in this market without adequate prior preparation, which includes reading, studying and identifying the entrances and exits of this market, in addition to choosing a reliable broker.

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The Internet is full of simple articles for new traders and lessons on complex Forex strategies for experts. However, at DailyFX we have worked for a long time and seriously to become the most efficient source of information on Forex markets, especially for novice traders. Click on this link to read all the articles about Forex explanation. We also recommend you read more in the free forex books available on the site.

How often do Forex markets trade?

How often do Forex markets trade?

Since most Samsamra do not charge for opening new positions, and the market is open around the clock, traders open multiple positions throughout the day. According to recent studies, the average position opened by the trader daily is between the twenty-twenty status.

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What are the hours of the Forex market?

What are the hours of the Forex market?

The Forex market is characterized by 24 hours of operation. The "Forex Day" begins in Sydney, Australia, and travels around the world through Tokyo, London, and New York, according to the 

time it operates.

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How long will Forex positions be maintained?

This depends mainly on the trader's desire, but statistics show that 80% of Forex trading lasts for 7 days or less, 40% of which ends in less than two days. In general, traders in the Forex markets close their positions when they make profits from these deals. While a stop loss occurs when the loss reaches a certain limit or when another position becomes available and the trader decides to transfer the money to it.