In the foreign exchange market, the vast majority of traders have experienced a process of making profits and losses, and only a few can make stable profits. So, how can we make continuous profits from the foreign exchange market? Following the trend Following the trend is one of the core of foreig
1. Macro discipline After three consecutive losses, take a forced break to adjust your mentality and analyze the reasons. When you have made a continuous profit of more than 50%, you should also suspend trading to avoid greed. Avoid trading too frequently and keep a calm and clear mind. 2. Consider
In foreign exchange trading, many investors often worry about not being able to grasp the correct entry time. Today, I will share three tricks to effectively find the best entry point and improve the success rate of trading. Understand relative highs and lows First of all, investors need to unders
Dry goods sharing, no more nonsense······ Strategy 1: Opening game strategy The strategy idea is simple: predict the trend of the day based on the rise and fall within a certain period of time after the opening. Applicable to 1-minute, 3-minute, and 5-minute charts, with few parameters and ...
Dry goods sharing, no more nonsense······ Strategy 1: Opening game strategy The strategy idea is simple: predict the trend of the day based on the rise and fall within a certain period of time after the opening. Applicable to 1-minute, 3-minute, and 5-minute charts, with few parameters and ...
When an investor first enters the forex market, due to unfamiliarity with the market, each investor chooses a different angle of entry. They may be influenced by different schools of thought, such as value investing, fundamental analysis, day trading or technical analysis. After communicating wit...
When an investor first enters the forex market, due to unfamiliarity with the market, each investor chooses a different angle of entry. They may be influenced by different schools of thought, such as value investing, fundamental analysis, day trading or technical analysis. After communicating wit...
US dollar index: Due to the recent strong US economic data, the US dollar index hit a four-week high, reaching a high of 105.46. Gold: Maintained volatility and finally closed up 0.24% at $2,316.20/ounce. Silver: Finally closed down 1.61% at $29.26/ounce. US stock index: The Dow Jones Industrial
With the fluctuations in the foreign exchange market, many traders want to master the trading skills of various market conditions. Below I will share the trading tips revealed by a foreign exchange trader, who grasped the key to successful trading through the following six market conditions. 01 Da
Forex beginners often start with intraday short-term trading. Here are ten key points to help you build an effective forex short-term trading system. 1. Trading Philosophy A trading system is the quantified representation of your trading philosophy. Short-term traders should establish the philosoph
The essence of Forex trading lies in following the currency's movement to place trades, also known as trend trading. However, many beginners in the Forex market often have a lingering question: "I understand the importance of trading with the trend, but how do I even know what the current tr...
Financial Morning Post (31/05/2024) Foreign exchange USDX: The GDP data boosted interest rate cut expectations, and the dollar index retreated 0.433% to 104.68. The 10-year yield closed at 4.556 percent and the 2-year yield at 4.933 percent. EUR/USD: The euro held the 1.0800 level, refreshing the
The US dollar index rebounded, and the rise in US bond yields triggered a decline in global markets EUR/USD: The euro closed slightly lower. Pay attention to the pressure of 1.0950, and the support below is 1.0750. GBP/USD: The pound closed slightly lower. Pay attention to the pressure of 1.2850,
The advantages of day trading: short time, small risk, quick profit, more suitable for Forex beginners. Let's take a look at the detailed day trading strategy. 01 Choose the currency pair Not all currency pairs are suitable for day trading. Currency pairs with high volatility and high liquidity
Gold and silver Affected by geopolitical tensions and a weaker dollar, spot gold extended its rebound, reaching as high as $2,358.52, up more than 1% on the day. Spot gold rose for a third straight session, recovering from the $2,360 mark. Spot silver also extended its rebound, hovering near the ...
Today, we're sharing four high-profit trading strategies summarized by a trader with 15 years of experience. These strategies have helped him move from losses to profits. Let's see which one suits you best! 1. Moving Average Crossover Trading Strategy Features: - Simple and easy-to-use trend-follo
Forex trading is a popular form of investment, there are many brokers around the world. This article will help investors choose the right forex broker from three aspects: regulations, costs and service quality. 1. Regulatory status and country stability Choosing a regulated broker is extremely imp
Nial Fuller is a popular financial market trader, columnist and trading instructor with nearly 20 years of market trading experience. In 2016, he won the Million Dollar Trader Competition, achieving a 369% trading return in 3 months. Today, I would like to introduce to you what Nial Fuller calls ...
Gold: - Turning point: 2412 - May rise to 2440.00 - 2460.00 during the day - Above 2412.00, bullish, target 2440.00, then 2460.00. - Under 2412.00, short, target price is set at 2395.00, then 2385.00. - Subsequent resistance levels are 2440.00 and then 2460.00. EUR/USD: - Turning point: 1.0850 - Ma
In foreign exchange trading, finding a trading strategy with a high winning rate is the goal pursued by many traders. One of the strategies favored by analysts and traders is the golden cross strategy. The Golden Cross originates from the world of stock trading and is considered a bullish signal. S