One of the reasons newbie traders don’t do as well as they should is because they’re usually trading the wrong time frame for their personality. New forex traders will want to get rich quickly so they’ll start trading small time frames like the 1-minute or 5-minute charts. Then they end up getting frustrated when they trade […]
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The impact of monetary policies on forex As we mentioned earlier, national governments and their corresponding central banking authorities formulate monetary policy to achieve certain economic mandates or goals. Central banks and monetary policy go hand-in-hand, so you can’t talk about one without talking about the other. While some of these mandates and goals are
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Reversals VS Retracements How Identify How to properly Identify Properly distinguishing between retracements and reversals can reduce the number of losing trades and even set you up with some winning trades. Reversals vs Retracements Classifying a price movement as a retracement or a reversal is very important. It’s up there with paying taxes. *cough* There are several key differences
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Published 04/26/2024, 12:42 AM Updated 04/26/2024, 12:42 AM Most Asian currencies weakened on Friday, while the dollar steadied in anticipation of key inflation data that is expected to factor into the Federal Reserve’s stance on interest rate cuts. While an overnight drop in the dollar- following weaker-than-expected U.S. gross domestic product data- offered some relief to Asian
America inflation weaken Asian Currencies ; yen getting down due bank of japan Read More »
Bank of America (BofA) forecasted that the USD/CNY exchange rate is expected to increase, projecting a rise to 7.35 by the second quarter of 2024 and reaching a peak of 7.45 by the third quarter of the same year. The bank’s outlook is based on persistent rate differentials and unbalanced policy measures. In addition to
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