Kathy Lien
BK Asset Management
Dear
New Video! Top NY Session Forex Trading Secrets
The New York session is where the biggest forex moves happen - but without knowing these timing secrets, you're trading blind.
In this video, I reveal five powerful strategies I've learned over two decades that will transform how you approach the US trading hours.
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: Upside remains capped by 1.1600
EUR/USD trades in an unconvincing fashion around the 1.1560 region despite the better tone in the broader risk complex and amid the equally vacillating price action around the US Dollar. Investors, in the meantime, should pay close attention to developments from the US political arena, particularly anything related to the potential end of the US government shutdown.
GBP/USD holding just below 1.32 as UK labor data rounds the corner
GBP/USD kept its foot on the gas pedal on Monday, extending into a four-day win streak as Cable traders gear up for the latest round of UK employment figures. Veterans Day will see a moderation of market flows in the US on Tuesday, but hopes that the US could be close to wrapping up the longest government funding closure in its history should keep risk appetite well bid and put a hard cap on bullish US Dollar flows.
USD/JPY gathers strength above 154.00 amid hopes for end to US shutdown
The USD/JPY pair attracts some buyers to near 154.10 during the early Asian session on Tuesday. The US Dollar strengthens against the Japanese Yen as hopes grow for a potential deal to end the 41-day US federal government shutdown in the coming days. The US ADP Employment Change Weekly is due later on Tuesday.
Editors’ Picks
When are the RBNZ Inflation Expectations, and how could they impact NZD/USD?
Quarterly business managers’ survey results, collected and released by the Reserve Bank of New Zealand, give a rough aggregate overview of where New Zealand operators expect inflation rates to land within the next two years. The inflation expectations measure can sometimes be volatile and experience brief deviations from the actual trajectory of inflation.
AUD/USD holds steady near one-week high, remains below mid-0.6500s
AUD/USD is seen consolidating below mid-0.6500s, or a one-week top, during the Asian session. Hopes for the end of a prolonged US government shutdown boost investors' confidence, which, along with diminishing odds of more RBA rate cuts, acts as a tailwind for the Aussie amid subdued US Dollar demand.
Gold holds positive ground above $4,100 as Fed rate cut expectations rise
Gold price holds positive ground near $4,120 during the early Asian session on Tuesday. The precious metal edges higher after reaching a two-week high in the previous session, amid prospects for rate cuts by the US Federal Reserve in December and a softer US Dollar. The US ADP Employment Change Weekly will be in the spotlight later on Tuesday.
Coinbase rolls out public token sale platform, Monad to kick off launch
Coinbase announced that it will roll out a new platform for crypto offerings. The platform will enable individual investors to purchase digital tokens before they are listed on the exchange. Following its launch, Layer-1 network Monad will offer its token for sale on the platform on November 17.
AI shares an intrusive thought
If you’ve been following financial media over the past few weeks, you’ve probably seen the debate about whether the current AI-fuelled rally is a bubble. I’ve said many times that I believe it is—but the bubble question is almost secondary to a more immediate issue: what AI is about to do to jobs.
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.