Kathy Lien
BKTraders and Prop Traders Edge
In this video, we dive deep into the world of forex trading, specifically focusing on mastering currency crosses in under 10 minutes.
Key points covered include:
- Understanding what currency crosses are
- Key strategies for trading forex crosses
- Common pitfalls to avoid when trading crosses
- Recommended tools and resources for forex traders
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD eases modestly following the release of US data
EUR/USD is showing little reaction to the latest US releases. The pair is still stuck to familiar levels around 1.1650 following the release of upbeat US Retail Sales, up 0.6% in November. Inflation at wholesale levels in the country rose in November, according to the latest Producer Price Index release.
GBP/USD eases from tops, back to 1.3440
GBP/USD trades on a positive note on Wednesday, receding from earlier highs around 1.3460, now hovering in the 1.3440 region. US data failed to make an impression with the Greenback barely advancing following upbeat Retail Sales figures, hotter Producer Price Index.
USD/JPY eases below 159.00 as focus shifts to US Retail Sales, PPI data
USD/JPY retreats from two-year highs at 159.45 amid a moderately softer US Dollar. News of a snap election in Japan has boosted the Takaichi Trade this week. US PPI and Retail Sales data, Fed speakers, and the US Supreme Court's rulings will grab the focus during the US session.
Editors’ Picks
EUR/USD eases modestly following the release of US data
EUR/USD is showing little reaction to the latest US releases. The pair is still stuck to familiar levels around 1.1650 following the release of upbeat US Retail Sales, up 0.6% in November. Inflation at wholesale levels in the country rose in November, according to the latest Producer Price Index release.
GBP/USD eases from tops, back to 1.3440
GBP/USD trades on a positive note on Wednesday, receding from earlier highs around 1.3460, now hovering in the 1.3440 region. US data failed to make an impression with the Greenback barely advancing following upbeat Retail Sales figures, hotter Producer Price Index.
Gold defies gravity near fresh record highs
Gold prices rapidly left behind Tuesday’s pullback and reached record highs near $4,640 on Wednesday, trading nearby in the American session. The yellow metal’s uptrend remains propped up by Fed rate cut bets, lower US Treasury yields across the curve, and absent speculative interest around the buck.
US Retail Sales expected to arrive moderately higher on Wednesday
The United States Census Bureau will publish November Retail Sales on Wednesday. The delayed data is expected to show that sales rose a modest 0.4% in the month, following no change in October. The figure is relevant as it corresponds most closely with the consumer spending component of Gross Domestic Product.
US economic outlook: January 2026
Jerome Powell's eight-year tenure as Chair of the Federal Reserve is coming to a close during a period of intense pressure on the US central bank and divided views among policymakers about the appropriate stance of monetary policy.
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What Are the 10 Fatal Mistakes Traders Make
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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.