Despite the weakening after the BoE meeting, the pound remains resilient, especially in the main cross-pairs, including the New Zealand dollar. Meanwhile, the past week was disappointing for the NZD and its buyers. Data published last Wednesday reflected the deterioration of GDP dynamics: in the 3rd quarter, the New Zealand economy growth slowed by…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! How An Engineer Became Full-Time Trader In episode 486 of the Desire To Trade Podcast, we will be listening to the recording of an interview with James North discussing how he, as an engineer, became a full-time trader. James shares his experiences, including…
The Forex market is one of the largest financial markets in the world, with trillions of dollars traded every day. A critical part of this market are market makers. These entities ensure liquidity by buying and selling currencies at publicly disclosed prices. They help keep the Forex market efficient and active. Without them, currency trading…
The Double Bottom Pattern is a key chart formation that signals a bullish reversal in the market. Traders and investors look for this pattern to predict a shift in market sentiment, particularly after a prolonged downtrend. This pattern forms when the price reaches a low point, bounces back, and then revisits that same low level,…
In the dynamic world of financial markets, effective risk management has become paramount. For guerrilla trading—a high-frequency and high-risk trading strategy—the importance of robust risk mitigation tools is even more pronounced. Industry experts foresee significant changes on the horizon, driven by technological advancements and evolving strategies. This lesson explores the emerging trends in risk management…
Watch this video on YouTube!youtu.be/mlzII2VJIyI Stocks Vulnerable to Further Correction. Trading on Intraday ChartsIdeal Price to Buy is About 6% DownJunk Debt Signaled Pullback Last Weekollar Hits 52-week highsGold Pullback Likely to Continue. Gold Miners Flash Bearish Signs Stocks Covered In Members Only Video:Market Breadth, SPY, DIA, QQQ, IWM, Energy, Oil & Gas Exploration, Materials,…
In the fast-paced world of forex trading, forex charting is one of the most powerful tools at a trader’s disposal. By analyzing currency pairs and tracking price movements, traders can make informed decisions and predict where the market is headed. Forex charting is not just about looking at the historical data; it’s about using that…
When it comes to trading in the fast-paced world of Forex, securing your trading account should be one of your top priorities. Forex account security is crucial because even the smallest security breach can lead to significant financial loss. Protecting your funds requires a combination of strong password safety practices, a solid broker security policy,…
Forex trading, at its core, is about more than just making quick profits. It is about understanding the markets, managing risk, and making calculated decisions based on probability in trading. Unfortunately, many newcomers enter the world of forex trading thinking that it is simply about luck. They imagine that with a bit of good fortune,…
Technical trading – USDJPY USDJPY Daily This is what I wrote on 12.12.2024. : Pattern – Bullish If we get over 152.850 -we might see a run over 154.000 tomorrow Now do not get me wrong – I don’t want to show off or gloat ! I want to prove the point and…