Successful Forex traders know that timing their trades is one of the keys to success. As it turns out, there exist optimal trading days. Tuesdays, Wednesdays, and Thursdays are prime trading days. The greatest time to make trades is first thing in the morning on Fridays, which is a half day. Fewer and fewer people […]
What are the Best Days and Hours for Trading Forex Successfully? Read More »
Gold prices fell throughout the Asian trading session, reaching a low of approximately $1806.50 before the start of the European Open. Since then, there has been a negligible increase of approximately $6, and the current price of gold is 1812. Gold is still in an extremely vulnerable position, with the fundamentals pointing to further losses
Forecast of Gold Price: Short-term Bounce at $1800 Psychological Level Read More »
Asian Indices UK and Europe US Futures Kazuo Ueda, the next governor of the Bank of Japan (BOJ), disappointed hawks at his confirmation hearing. He did not challenge the status quo’s ultra-easy stance but instead joined the chorus of those who agreed. This is still the case, even though inflation in Japan reached a 41-year
Another Inflation Fix After US CPI and Core PCE Read More »
As the NA session starts, NZD is the best currency, and AUD is the worst. The Dollar is all over the place, but the markets are making small changes to keep it steady. As worries about inflation grew yesterday, US markets and rates went down. In this case, S&P Global PMI data went above and
Market Roundup: RBNZ Hikes Rates Read More »
Technical analysis is used in the financial markets to look at market data. You can look into price changes and the number of trades to make investment decisions and find trading opportunities. For valuing a business, technical analysis looks at price and volume. And fundamental analysis looks at things like sales and profits. What is
What are the Advantages of Technical Analysis in Trading? Read More »
Since more and more people expect interest rates to increase, gold is seen as a risky investment and is losing its appeal. At the beginning of the month, bond markets thought the Fed funds rate would end up somewhere around 4.8%. The rate has increased by over 50 basis points and is now stable at
Gold Price Latest Update towards Higher Future Interest Rates Read More »
Trading can be challenging if you are mentally worn out and must keep your mind on the markets. You can bring back the excitement of trading by thinking more positively about it. This article will explain important tips for developing a successful trading mindset. Don’t let your feelings and hopes get the best of you
Tips to Improve your Trading Mindset for a Successful Journey Read More »
As the global crisis worsened, central banks and the world’s money reserves took steps to deal with it. Credit got harder to get, the job market went downhill, and who could forget the layoffs? Traders were looking for ways to make money different from the usual methods, and Forex was there to help. The Forex
First Steps of a Newbie Trader: How to Start a Forex Journey? Read More »
Even though forex is easy to get into, you should still do your research. A trader’s success depends on how much they know about forex. A trader should learn everything there is to know about the forex markets, including the political and economic factors that affect the trader’s favorite currencies. Getting to know the foreign
Tips to Follow to Cope with Failure in a Forex Market Read More »
Since throwbacks and their opposites, pullbacks, cause panic and early exits, novice traders hate them the most. You can, however, learn to protect your position effectively and even use these patterns to accumulate profit because they tend to occur relatively often, around 20% of the time. Within a continuing uptrend, a pullback occurs when an
Throwbacks and Pullbacks in Forex Trading Read More »
