Japan’s household spending fell at a much slower pace in June than in the previous month as the economy re-opened from lockdown measures to contain the coronavirus pandemic, offering some hope of a moderate recovery later this year.But the recovery was driven largely by the government’s blanket cash payouts to households, which were spent on big ticket items like television sets, personal computers and sofas.That cast some doubt on the sustainability of the rebound, particuarly as rising COVID-19 infections nationwide have forced the government to request citizens hold off on unnecessary travel and work from home as much as possible.
In California, 57% seeking unemployment benefits lost their jobs for a second timehttps://www.cnbc.com/2020/08/06/in-california-57percent-filing-for-unemployment-lost-their-jobs-again.html
I been selling this pair during past 3 weeks and adjusting the model to the highest levels ever due to superior short term variability. This is my weekly limit order. Any comments are welcome.
I was trading CHFJPY last night when out of nowhere the pair shot up 200 pips then dropped just as fast. I made some nice change on the move, but when I woke up this morning the trades were removed from my account, both online and on MT4. Their support says the trades were removed because they were "non-market prices". What does that mean? And can brokers do that?
The brokers I tried made me lose some trades because they dont close when the price hits TP, i use mt4 so maybe it has something to do (?).Is it normal for every broker or is just the ones i tried?I also did some researchs but webs that recommend brokers dont write about it.Is there any broker who closes trades accurately when price hit TP?The brokers I tried made me lose some trades because they dont close when the price hits TP, i use mt4 so maybe it has something to do (?).Is it normal for every broker or is just the ones i tried?I also did some researchs but webs that recommend brokers dont write about it.
Hey guys,I put in $1k into my trading account and I want to buy gasoil and its hovering at around $359. I was wondering if I enter the trade with $1k, how do I calculate at what price the gasoil will need to hit for me to be kicked out of the trade? Is it even possible to calculate this?Thanks in advance for your help.
babypips.com courseread 2-3 books(mainly at night for 30 mins to 1 hour)while reading books create trading plan & strategybacktest the trading plan & strategydemo trade ittake into a live (1,000-10,000 account). trading very small with no leverage to ease into the psychological rape i will probably experience from thethe marketswhile live, create trading journal
I'm back testing charts everyday for 4 hours And it's such a great way to gain experience. But I don't want to be limited I want to be better. Especially while I have nothing else to do in quarantine.
Hey people !Stumbles on a guy on YouTube saying that most of the indicators where made for stock trading a long time ago and so a portion of them shouldn't be used for Forex.Ofc the guy don't tell you which one. He's a bit Guruish but I think he makes a good point.So, while starting to create a strategy, I want to try indicators that where actually made for forex to see if there's actually a difference.Do you have any that you would share ?On a more personal note, I'm trying to find: A good way to find an entry and exit point for trend trading all help welcome :)
Are you someone who sees high volatility as a warning that you should temporarily reduce your trading activity until the market becomes less volatile, or do you use it as an opportunity to make extra gains?
CHF/JPY Reach Support Area?CHF/JPY Reach Support Area?Maybe I need some help
I'm very into long term investment and FIRE. The people from those communities usually see trading as a sure way to lose money. Also, there are many self-proclaimed gurus that try to sell the idea that trading is easy and that you can quit your 9-5 job and live off trading in no time. In my eyes this sounds delusional and scammy. I'm very sceptical about making money with trading. I'd be fighting against investment banks whose budgets are counted in the millions; they can buy software and hardware and hire the best candidates to trade.Do I really have a chance to make money consistently? If so, what's a realistic expected return? How much do you guys make per year, and how many years of experience do you have?
13. Always think in terms of probabilities. Trading is all about thinking in probabilities NOT certainties. You can make all the “right” decisions and the trade still goes against you. This does not make it a “wrong” trade, just one of the many trades you will take which, through probability, are on the “loosing” side of your trading plan. Don’t expect not to have negative trades - they are a necessary part of the plan and cannot be a14. Ensure that the candle is fully formed on the timeframe you are trading BEFORE you enter your trade. Trade what you see, not what you would like to see.
11. Learn about FIBONACCI levels and how to apply them to your charts.12. Keep your trading system simple. Do not have too much information on your trading screen. It is unnecessary and will only cause you to be confused and delay you making your trading decisions.
9. Ensure you fully understand how to generate and use pivot points and camarilla points on your trading platform. These are crucial decision points for daily trading and you will struggle without them.10. DO NOT overtrade your account. Read up on money management in trading to make sure you fully understand why this is important and develop a strategy which fits with your personal trading capital. NEVER risk wiping out your account because believe me, it can happen. I’ve done it twice myself11. Learn about FIBONACCI levels and how to apply them to your charts.and delay you making your trading decisions.
Hello everyone, this is part 2. I hope this will help you. 6. Don’t set yourself false targets and expectations. Trading is not an EXACT science and if you do you will only become frustrated by your failure to meet them. Take what the market gives and be satisfied. Greed will kill you as a trader, both mentally and monetarily.7. The market is rarely your friend in a trade that goes against you. Cut your losses quickly and accept them as an inherent part of trading. You will not be able to trade without some loosing positions. Manage them well!8. Try hard not to get out of profitable trades too early. Try operating a trailing stoploss of say 15 to 20 pips behind the trade (on 5 minute timeframe) and maximise your good trades by letting them run. Be patient!
Hello everyone. Here are some tips. I hope can help someone. 1. Read both the books by Mark Douglas which cover trading psychology BEFORE you read or do anything else. If you don’t, I’ll say I told you so when you hit a failure barrier and don’t know w2. Stop loss policy - you MUST have one and practice, more practice and even more practice at sticking to it. It will not be easy but it is an essential discipline to profitable trading.3. Trading plan / system. Again, you MUST have one! Then you must practice sticking to it. Do not try and second guess or trade against your indicators - wait until they give you a concise signal before acting on it.4. TRADE WITH THE TREND. DO NOT trade against the hourly trend of the market unless you are VERY certain the market has turned. Check this by watching a long term moving average (say 80 SMA on 15 minute chart)Have a good day ～
Please ask yourself the following two questions before making any futher investment:1.When your investment is profiting, you tend to:A.Stick to it for even larger profits.B.Cash it and move on to the next investment.2.When your investment is losing money, you tend to:A.Continue to hold the asset until it starts to break-even or making profit.B.Stop loss and accept it. Then plan for next step.Answer:If you choose:1A2A: Patient Investor1A2B: Value investor1B2A: immature investor1B2B: Short-term investorAnd Just one step to know the best investment strategy for you:Click ‘Open in App’ & Click the image below to see the corresponding investment strategy;To win up to $40 Cash:Click ‘Open in App’ & leave a comment below the post that includes "Your comment about the influence of FOMC Meeting on forex” + “Your email address ". Date：2020/06/12 06:00:00~2020/06/22 06:00:00 (GMT-5) Click image below for more details.
I work in finance.The vast majority of currency work is the following:repatriation of profits by a company. Let's say coca cola needs to repatriate their profits from Thailand to America. If the exchange rate is bad it could wipe out their profits, so their corporate treasury people will trade the currency at a price point which ！accounts for market fluctuations, tax liabilities which might arise out of changing their currency, inflation etc. This is known as currency risk.if a company needs materials or needs to buy commodities but the supplier only accepts a particular currency, then they need to acquire that cash. They usually arrange this with their financial institution.
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