Forex traders aim to profit by buying currencies at low prices and selling them at higher prices. This type of trading has become popular, especially with the widespread availability of online forex brokers. Many investors in the forex market achieve high profit margins in their individual trades. However, this does not negate the reality of losses. …
OPEC, an acronym for the Organization of the Petroleum Exporting Countries, is an international governmental organization comprising 13 member countries. It was established in Baghdad on September 14, 1960, by the initial five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela). Despite its main headquarters being in Vienna, Austria, since 1965, Austria itself is not …
What is the difference between OPEC and OPEC plus? Read More »
What is social trading?
Social trading first emerged in 2010. It allows investors to access a social trading platform and automatically replicate the trades executed by available professionals on the platform
ForexExpo-Dubai2023 Another successful milestone concluded with our presence at one of the world’s largest Forex exhibitions held in Dubai, ‘ForexExpo-Dubai2023’. It was a remarkable and splendid day. The company was present with its team of experts, addressing visitors’ inquiries. We look forward to meeting you again at upcoming milestones, and we are eager to see …
“A station of success has been completed on TNFX‘s journey of continuous achievements!” The first and second day of “ForexExpo-India 2023” concluded, We were pleased to meet everyone who visited us, where the company was present with the team of experts to respond the visitors’ inquiries about financial markets, trading and investment opportunities in general, …
The Dollar extended its advance on Tuesday as traders await the upcoming inflation figures from the U.S., in the meantime, stocks retreated after Moody’s downgraded several U.S. banks and placed many others under review. The rating agency said that banks will face many challenges to be profitable in a rising interest rates environment. Moreover, some …
The U.S. Dollar was little changed on Monday due to the lack of economic releases while the three major indexes started the week on a positive note. The S&P500 and the Nasdaq managed to rebound snapping a four-day losing streak. The U.S. stock market’s bullish momentum was supported by better-than-expected corporate earnings as 80% of …
Major U.S. stock indexes ended last week on a negative note following less-than-expected Nonfarm payrolls. The U.S. economy added 187,000 new jobs in July against expectations of 200,000, in the meantime, the average hourly earnings came out higher than forecasts at 0.4% while the unemployment rate fell to 3.5% down from 3.6%. Moreover, both the …
Fears have increased significantly with the escalation of expectations by economic experts and analysts of a possible economic recession in 2023, the global economy in 2022 witnessed a difficult period in which it was severely affected by the repercussions resulting from the outbreak of the Covid-19 pandemic and the global lockdown measures associated with it, …
U.S. stocks retreated on Thursday as the recent U.S. downgrade continue to weigh on market sentiment. The rise in the 10-year bond yields is putting more pressure on the market in the near term after yields approached their highest level since November 2022. All major U.S. stock indexes closed in the negative territory with the …