2021.06.07 17:52 GMT
MetaTrader4 developed by MetaQuotes Ltd is known as the most widely used and popular trading platform for Forex trading. MetaTrader5 is the successor with multiple improvements and additional features added to the platform. Despite the new version, the transition to MetaTrader5 has actually been very slow. There are still many brokers offering MetaTrader4 while MetaTrader5 gains ground slowly. So what is the best trading platform for Forex traders in the market right now?
2021.06.07 10:08 GMT
Have you ever heard of BIS? BIS stands for Bank of International Settlement. The BIS is based in Basel, Switzerland and acts as a custodian for the world’s central banks. Once every three years, the BIS conducts a survey of its central bank clients regarding currency trading activity in their country. The first survey was conducted in 1986, with four countries taking part. Now the number of participating central banks is over 50. The report has plenty of useful and interesting data for forex traders. Let's dive deep into the details of the report.
2021.01.09 10:52 GMT
Financial markets are unpredictable and stochastic by nature. They depend on many random events and many unknown unknowns. Nevertheless, we have an illusion that markets are predictable when we look retrospectively at historical charts, and suddenly everything makes sense. This is known as hindsight bias or I-knew-it-all-along phenomenon. Events like COVID-19 completely change the status quo and prove that we cannot time markets. This brings us down to Earth and we realize that we, as humankind, have a little control of what can happen tomorrow. But even without black swan events, our perception of randomness is distorted, and this is related to non-ergodicity of financial markets. Nassim Taleb wrote: “There is no probability without ergodicity.” Let's have a look at ergodicity and why financial markets are non-ergodic.