How to Backtest a Trading Strategy
Backtesting a trading strategy is the process of testing its effectiveness based on historical data. This process helps traders evaluate the viability of a trading strategy before implementing it in live trading. Backtesting allows traders to identify flaws and weaknesses...
The Ins and Outs of Carry Trade: Understanding the Strategy, Risks, and Benefits
Carry trade is a popular trading strategy that has gained popularity among traders and investors. The strategy involves borrowing in a low-interest-rate currency and investing in a high-interest-rate currency, aiming to profit from the interest rate differential. In this guide,...
Understanding Closing Market Rates and Closing Prices in Trading
When it comes to trading, there are many terms and concepts to understand. Two of the most important are closing market rates and closing prices. These terms refer to the final prices of a security or commodity at the end...
Exotic Currencies: Understanding and Trading Them
The foreign exchange market, or forex, is a decentralized market where currencies are traded. It is the largest and most liquid financial market in the world, with an average daily trading volume of over $6.6 trillion. While the most commonly...
