Brandon Wendell, CMT
Brandon Wendell
Brandon will be discussing how he identifies entry and exit points on multiple timeframes when trading the forex markets. He will examine how to locate and judge the quality of the zones before taking a trade.
Neither Freedom Management Partners nor any of its personnel are registered broker-dealers or investment advisers. I will mention that I consider certain securities or positions to be good candidates for the types of strategies we are discussing or illustrating. Because I consider the securities or positions appropriate to the discussion or for illustration purposes does not mean that I am telling you to trade the strategies or securities. Keep in mind that we are not providing you with recommendations or personalized advice about your trading activities. The information we are providing is not tailored to any individual. Any mention of a particular security is not a recommendation to buy, sell, or hold that or any other security or a suggestion that it is suitable for any specific person. Keep in mind that all trading involves a risk of loss, and this will always be the situation, regardless of whether we are discussing strategies that are intended to limit risk. Also, Freedom Management Partners’ personnel are not subject to trading restrictions. I and others at Freedom Management Partners could have a position in a security or initiate a position in a security at any time.
Editors’ Picks
EUR/USD resumes slide and approaches 1.0900
EUR/USD failed to extend gains and is back under selling pressure in the American session. United States inflation and employment-related figures kept the Fed on the 25 bps rate cut path.
GBP/USD loses momentum and drops to 1.3050
The British pound seems to be running out of steam on Thursday, prompting GBP/USD to face some selling pressueer and slip back to the 1.3050 area, down modestly for the day.
Japanese Yen bounces off multi-week low, upside seems limited as traders await US CPI report
The Japanese Yen dropped to a two-month low against the USD amid the BoJ rate-hike uncertainty. Some repositioning trade ahead of the US CPI report prompts profit-taking around the USD/JPY pair. Rising bets for a 25 bps Fed rate cut move in November to limit losses for the USD and spot prices.
Editors’ Picks
EUR/USD resumes slide and approaches 1.0900
EUR/USD failed to extend gains and is back under selling pressure in the American session. United States inflation and employment-related figures kept the Fed on the 25 bps rate cut path.
GBP/USD loses momentum and drops to 1.3050
The British pound seems to be running out of steam on Thursday, prompting GBP/USD to face some selling pressueer and slip back to the 1.3050 area, down modestly for the day.
Gold grinds north above $2,620
Gold price bounced sharply after nearing the $2,600 mark, now trading around the $2,620 level. The US Dollar saw a short-lived spike following the release of US data, which came opposite to the Fed needs.
Bitcoin vulnerable despite surge in stablecoin market capitalization
Bitcoin price closed below the $62,000 support on Wednesday, showing signs of weakness. CryptoQuant report shows how rising stablecoin market capitalization could be a positive sign for Bitcoin and other cryptocurrencies.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
Discover how to make money in forex is easy if you know how the bankers trade!
5 Forex News Events You Need To Know
In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news...
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...
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.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.