Albert Einstein Secret Made Easy.
This is what we have shared in one of the 12 trading workshops (covering Trading Psychology, Financial Astrology, WD Gann Square, Moon Trading Cycle, Mathematics Trading, High Reward Low Risk Opportunities, Dark Energy, Stock Energy Block) we had held in Hong Kong, Enjoy.
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Editors’ Picks
EUR/USD under pressure as yield climb weighs and Fed risk dominates
EUR/USD slides 0.05% as the week begins, courtesy of broad US Dollar strength, amid choppy trading as traders brace for the Federal Reserve monetary policy decision. At the time of writing, the pair trades at 1.1637 after hitting a daily high of 1.1672.
GBP/USD shuffles its feet as investors await key central bank moves
GBP/USD found little momentum on either side of the line on Monday, with the Cable pair churning chart paper just north of the 1.3300 handle to kick off a fresh trading week. Broad-market sentiment is largely hinging on an upcoming interest rate decision from the Federal Reserve due during the midweek, and investors are shunning stepping too far into either the bullish or bearish side in the runup to one of the biggest rate calls of the year.
USD/JPY gathers strength to near 156.00 as Japan earthquake weighs on Japanese Yen
The USD/JPY pair attracts some buyers to near 155.95 during the early Asian session on Tuesday. The Japanese Yen weakens against the US Dollar as traders assess the potential impact of a strong earthquake in Japan. The Bank of Japan Governor Kazuo Ueda's speech will be in the spotlight later on Tuesday ahead of the Federal Reserve interest rate decision.
Editors’ Picks
AUD/USD holds steady above 0.6600 ahead of RBA rate decision
AUD/USD edges higher during the Asian session on Tuesday, stalling the overnight pullback from its highest level since September 18. The divergent RBA-Fed policy expectations act as a tailwind for the Aussie. The uptick, however, lacks bullish conviction amid a modest US Dollar uptick and ahead of the RBA rate decision. Nevertheless, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the upside.
USD/JPY gathers strength to near 156.00 as Japan earthquake weighs on Japanese Yen
The USD/JPY pair attracts some buyers to near 155.95 during the early Asian session on Tuesday. The Japanese Yen weakens against the US Dollar as traders assess the potential impact of a strong earthquake in Japan. The Bank of Japan Governor Kazuo Ueda's speech will be in the spotlight later on Tuesday ahead of the Federal Reserve interest rate decision.
Gold edges lower below $4,200 amid worries about hawkish Fed rate cut
Gold price trades in negative territory around $4,195 during the early Asian session on Tuesday. The precious metal edges lower amid concerns that the US Federal Reserve will adopt a hawkish tone in its rhetoric, despite delivering a rate cut on Wednesday.
RBA expected to hold interest rate amid rising inflation, steady economic growth
The Reserve Bank of Australia is on track to leave the Official Cash Rate unadjusted at 3.6%, following the conclusion of its December monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT, accompanied by the Monetary Policy Statement. RBA Governor Michele Bullock’s press conference will follow at 04:30 GMT.
Big week ahead: Fed poised to cut as Canada, Australia and Switzerland hold steady
This week we get a lot of data releases but the biggie is all those central bank decisions. Canada, Australia and Switzerland are expected to stay on hold, but the Fed is expected to cut.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market.
5 Forex News Events You Need To Know
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. Indeed, quickly getting a handle on which data to look out for, what it means, and how to trade it can see new traders quickly become far more profitable and sets up the road to long term success.
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets.
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.