Learn Essential Strategies for Investing
August 21, 2023 ⚊ 1 Min read ⚊ Views 39 ⚊ BUSINESS
Supply and demand are foundational concepts that drive price fluctuations across various markets. In the intricate realm of foreign exchange trading, these principles remain equally paramount. Mastering the nuances of supply and demand can offer traders valuable insights into potential shifts in currency prices.
In this article, we will explore what exactly is supply and demand in forex, how to identify these zones and some prominent supply and demand forex trading strategies.
What is supply and demand in forex?
The Forex market, like any other market, operates on the principles of supply and demand. These principles dictate how currencies move concerning one another, generating significant price patterns on market charts.
The basics of supply and demand:
Demand: Represented by buyers, demand signifies how much of a particular financial instrument people want. An increase in demand typically pushes the price of the instrument higher.
Supply: Represented by sellers, supply indicate
