During this week the Expert Advisor made 9 trades, 8 of which were profitable. The profit of the EA is 2.85%, which is excellent for the Prop Firm’s account for the trading week. When you trade on Prop Firm accounts, you should not forget about controlling drawdowns in order not to lose your account, with…
© 2024 Myfxbook Ltd. All Rights Reserved. HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some…
Comprehensive Review of the Ichimoku SynergyWave Indicator The Ichimoku SynergyWave Indicator is a powerful tool designed to automate the application of Ichimoku Wave Theory, Time Theory, and Target Price Theory on the MT4 platform. Developed with the principles laid out by Sensei Goichi Hosoda, this indicator aims to simplify and enhance the trading experience for…
The AUDJPY price rises above the resistance trend levels.Buyers remain dominant in the market at present. USDJPY Weekly Price Analysis – May 26Presently, the AUDJPY price which rises above the resistance trend levels is due to the high bullish impact on the currency pair. The Yen price will keep rising based on the outlook. In…
Bank of Japan Governor Ueda and Japan finance minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy. Suzuki said he hadn’t had a one-on-one meeting with US Treasury Secretary Yellen. Which seems to indicate no discussion on co-ordinated yen intervention took place. Prior to the weekend Suzuki’s offsider, Vice…
The foreign exchange market, also known as forex, is a dynamic and ever-evolving landscape. Success in this arena hinges on making informed decisions based on a confluence of factors. While technical analysis plays a crucial role, having the right tools to effectively dissect market data is equally important. This is where…
The foreign exchange market, also known as forex, is a dynamic and ever-evolving landscape. Success in this arena hinges on making informed decisions based on a confluence of factors. While technical analysis plays a crucial role, having the right tools to effectively dissect market data is equally important. This is where…
What is the global impact of forex trading? Introduction Forex trading is a global phenomenon that has a significant impact on various aspects of the global economy. With… Read More.. What is the role of continuous learning in Forex Station trading? Introduction Forex Station is a powerful platform used by traders to analyze market trends,…
 How to Trade Divergences  Knowing what divergences are and knowing how to trade them profitably are two different things. You should put forth your best effort to trade divergences in a way that will be fruitful and profitable for yourself whenever possible.   How to Trade Regular Divergences  As you can see…
Farmers’ protests have once again erupted in India, posing a significant challenge to Modi’s reelection campaign. These protests, driven by demands for minimum support prices (MSP) and other crucial issues, highlight the grievances of India’s vast agriculture workforce. The government’s response to these protests will likely play a crucial role in the upcoming national elections….