There are main significant reasons why the U.S. dollar plays a central role in the forex market

There are main significant reasons why the U.S. dollar plays a central role in the forex market: 1. The Dollar is King in the Forex Market. 2. The United States has a stable political system. 3. The U.S. dollar is the reserve currency of the world. 4. The United States is the world’s sole military superpower. 5. The United States economy is the LARGEST economy in the world. 6. The euro’s share is second at 39.1%, while that of the yen is third at 19.0%. 7. The U.S. dollar is the most traded currency, making up 84.9% of all transactions! 8. The United States has the largest and most liquid financial markets in the world. 9. The U.S. dollar is the medium of exchange for many cross-border transactions. For example, oil is priced in U.S. dollars. Also called “petrodollars.” So if Mexico wants to buy oil from Saudi Arabia, it can only be bought with the U.S. dollar. If Mexico doesn’t have any dollars, it has to sell its pesos first and buy U.S. dollars.

Forex Popular phrases /TRADING WORDS OF WISDOM

Forex Popular phrases /TRADING WORDS OF WISDOM💞💞 🍬 Don’t bet your house. 🍬 Don’t marry a position. 🍬 Always be with the big fish. 🍬 Buy the rumors, sell the facts. 🍬 Buy from low, sell from high. 🍬 Don’t Stand in Front of a Train. 🍬 Don’t double up on losing position. 🍬 Understanding market correlations. 🍬 Plan your trade and trade your plan. 🍬 No one ever went broke taking a profit. 🍬 It’s never too low to sell or too high to buy. 🍬 Sit on your hands when you don’t have a clue. 🍬 Going Long – Opening a Bullish (buying) trade. 🍬 Buy from the demand zone, sell from the supply zone. 🍬 Let your profits run, but cut your losses short. 🍬 Cutting Short – To close a losing position early. 🍬 Going Short – Opening a Bearish (selling) trade. 🍬 In this business, if you’re good, you’re right seven times out of ten. You’re never going to be right nine times out of ten. 🍬 Markets go up the stairs and down the elevator. 🍬 Don’t let a winning position turn into a losing one. 🍬 Understanding how and why your chosen FX market moves. 🍬 Bulls Make Money, Bears Make Money, but Pigs Get Slaughtered. 🍬 Plunging – A price that’s sinking or falling from its previous value. 🍬 Don’t focus on making money, focus on protecting what you have. 🍬 Currency rallying – A price that recovers after a period of its decline. 🍬 The goal of a successful trader is to make the best trades. Money is secondary. 🍬 In this business, if you’re good, you’re right seven times out of ten. You’re never going to be right nine times out of ten.