The Bangladesh Bank today asked banks to suggest uniform exchange rates of the taka against the US dollar in order to bring back the stability in the country’s foreign exchange market. The central bank will take final decision to this end after assessing the rates recommended by the banks. The decision came from a tripartite… Continue reading Forex market volatility: Banks to suggest uniform exchange rates
OctaFX wins Best Mobile Trading Platform award at Forex Brokers Award 2022
OctaFX’s mobile trading platform was recognised as the best of its kind by public voting held by fxdailyinfo.com as part of its Forex Brokers Awards 2022. KUALA LUMPUR, MALAYSIA – Media OutReach – 26 May 2022 – The global broker OctaFX received the ‘Best Mobile Trading Platform’ award from the international Forex news portal fxdailyinfo.com. The winners… Continue reading OctaFX wins Best Mobile Trading Platform award at Forex Brokers Award 2022
Five Important Facts Retail Traders Should Know About Forex Trading in the UK
Retail Forex trading in the UK is legal. If you are a retail trader it is important that you understand the regulatory framework, the risks involved, to ensure the safety of your funds. The regulatory agency with the responsibility of overseeing forex trading in the UK is the Financial Conduct Authority (FCA). Brokers who wish… Continue reading Five Important Facts Retail Traders Should Know About Forex Trading in the UK
Naira falls to N609/$1 at black market as forex liquidity remains low
Wednesday, 25th May 2022: The exchange rate between the naira and the US dollar closed at N418/$1 at the Investors and Exporters (I&E) window. Naira recorded a 0.24% gain against the US dollar on Wednesday to close at N418/$1 compared to N419/$1 recorded as of the close of trading activities on Tuesday, 24th May 2022. Also,… Continue reading Naira falls to N609/$1 at black market as forex liquidity remains low
Axiata bottom-line hit by forex losses
Axiata Group’s top-line in Q1 benefited from growth across all its operating units except its Nepal unit Ncell, but the company registered a net loss due to significant foreign exchange losses. President and CEO Izzaddin Idris stated in its earnings release the company is cautiously optimistic in its outlook for the rest of 2022. He… Continue reading Axiata bottom-line hit by forex losses
Proven Forex Trading Strategies that Work in 2022
While only a few people can afford to trade Forex full-time, many traders seek part-time chances to open and close trades at night or during lunch. Trading on a regular basis can lead to lost opportunities when it comes to selling or buying assets. In this post, we’ll show you some tried-and-true part-time tactics for… Continue reading Proven Forex Trading Strategies that Work in 2022