Trading Psychology – 4 Wise Quotes From The Legendary Mark Douglas
In the world of trading, few books have had the impact of Mark Douglas’ big hit Trading in the Zone. Written almost two decades ago, the book has become a must-read for traders looking to elevate their game to legendary status. While there is so much wisdom to be found in the book, we’ve compiled 5 of the best quotes about trading psychology that every trader should read.
EUR/USD Forecast: New lows ahead of the weekend? ECB, covid and technical all point lower.
Optimism has been weighing on the safe-haven dollar – but not against the euro. The common currency's failure to recover is a sign of weakness that could be followed with falls to fresh lows once the mood sours again – and there are reasons to expect that to happen sooner rather than later.
EURJPY WEEKLY FORECAST. Price Likely To Rise Above 131.000.
The price of EURJPY has been on a steady rise ever since it made a low of 128.808. Other currencies collapsed against the Japanese Yen two weeks ago.
AUD Is Weak Under All-rounded Pressure
A rise in the wake of a fall was seen by DXY last week ascribed to the uncertain time of delisting caused by the Federal Reserve (Fed). However, the reason for the rally of DXY last Friday is the vigorous growth of personal consumption expenditures (PCE) released by the U.S. Bureau of Economic Analysis (BEA).
EUR/USD Weekly Forecast: Could the NFP be a game-changer?
● The US Federal Reserve disappointed markets by showing no rush to taper. ● The US economy is expected to have added roughly 1 million jobs in July. ● EUR/USD has recovered nicely, but a course change has not been confirmed.
Is Your Forex Broker a Scam?
If you do an internet search on forex broker scams, the number of results is staggering. While the forex market is slowly becoming more regulated, there are many unscrupulous brokers who should not be in business.
Stock Market Crash in Asia: USD May Become Preferred Safe Heaven Currency
DXY saw the fall following the rise, but gold prices witnessed the rebound in the wake of the meeting convened by the Federal Reserve (Fed).
How is Forex Market Regulated?
The forex market is the largest and most liquid market that remains open 24 hours a day and five days a week. With a daily turnover of over $8 trillion, the forex market requires oversight from regulatory bodies across the world to keep the market functioning in a transparent manner. Regulatory supervision strengthens the trust and confidence of traders in the forex system, allowing more traders to join the forex market and facilitating trade worldwide. In this article, we will discuss how the forex market is regulated at such a large scale.
What is Exotic Currency pairs?
Trading foreign exchange (Forex) online involves a currency pair. The huge number of accessible currency pairs is split into three categories: major, minor, and exotic pairs.
Recurrence of Net Long Positions Marks a New Milestone for USD
Statistics released by Commodity Futures Trading Commission (CFTC) last Friday show that it is the first time that speculators have been fully optimistic about USD since March 2020, according to the report and calculation by Reuters on July 23rd.
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USDJPY WEEKLY FORECAST.
The strength of the US Dollar in the short term and the weakness of the Japanese Yen have made the price of USDJPY extend beyond 111.000 in this year, 2021. USDJPY price traded at 111.500 at the beginning of July, its highest price since March 2020.
Members of Congress May Stand Out Against Powell’s Reappointment
Everyone involved in the financial industry is aware that the main reason for investors continuously buying the American stocks is that they believe that the economic stimulus and infrastructure plan carried out by the Biden’s administration can inject impetus to the economic recovery in the country. Driven by this thought, investors constantly buy financial products benefiting from these policies, causing three major indexes in the U.S. stock market to repeatedly break all-time highs.
How much money should I put in my trading account?
One of the most frequently asked questions among forex newbies is: How much money should I put in my trading account?The short of it is that, you should only trade money that you can afford to lose.
Top 8 Most Useful Day Trading Tips And Tricks
These day trading tips and tricks will give you a leg up when working to succeed in your career as a trader.
Three Trading Strategies Against Weak AUD
Except for the market in Taiwan, the main stock markets in Asia haven’t performed well recently as expected. In the forex market, the AUD was continuously dragged down for its vulnerability of being affected by the Asian stock market due to Australian product export focusing on Asia.
3 BASIC WAYS TO MANAGE YOUR MONEY ON THE MARKETS
At the core of any competent trading strategy is a well thought out and tested money management method. When properly crafted and applied, there is no better indicator for giving each entry the highest probability of successfully resulting in the optimal position size.
EFFECTIVE USE OF LEVERAGE RATIOS
Every trader should be thoroughly educated about the trading margin and the effective use of leverage ratios in relation to their trading activities if they would gain grounds and most times earn a win in the forex market. The idea of a leverage ratio is very much like that of margin which is defined as a kind of debt that is used by traders and investors to control trades.
EUR/USD Weekly Forecast
The American dollar edged higher in the second week of July, with EUR/USD settling at around 1.1800 after bottoming at 1.1771. Financial markets kept taking hints from central banks and growth-related figures for direction.
EUR/USD Weekly Forecast – 19th to 23rd July 2021
Technically, the EUR/USD pair is bearish and could cut through the 1.1700 verge. The US dollar gulped higher in the second week of July, with EUR/USD subsiding at about 1.1800 after declining to 1.1771.
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