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Summary
Trend trading in FX is by far the best way to make money in the markets, but trades can also be very slow and infrequent in occurrences. After all, markets trend 30% of the time, but correct 70% of the time. Does that mean we should only be trading 30% of the time? Probably, but most of us don’t have the patience to wait to jump on board the next big trend. Fading, or taking the other side of FX trends, is a way to make quick trades for quick profits, in a very short period of time. Using these 3 tools in a step-by-step process I will show you how to safely counter-trend trade the markets with limited risk.Latest Live Videos
Editors’ Picks
Gold plummets towards $4,900 as market players run into the USD
Gold plunges in the American session on Thursday, down over $150 a troy ounce in little less than an hour. Wall Street's collapse seems to be behind the ongoing US Dollar renewed strength, with the tech and the housing sectors leading the slump.
EUR/USD fades below 1.1900 amid sudden USD demand
EUR/USD has quickly reversed modest intraday gains on Thursday, struggling to retain the 1.1850. The Greenback benefits from both, risk aversion, and market rumours suggesting Russia is analyising returning to the US Dollar system.
GBP/USD change course, nears 1.3600
GBP/USD trimmed most of its intraday gains and approaches the 1.3600 threshold. Tepid United Kingdom data released earlier in the day adds to Sterling Pound retracement, as the flash estimate of the Q4 Gross Domestic Product posted a modest 0.1% advance in the three months to December.
LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement
LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.
A tale of two labour markets: Headline strength masks underlying weakness
Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.
Here is what you need to know on Thursday, February 12:
The US Dollar stays resilient against its rivals in the second half of the week, supported by the upbeat labor market data for January. The US economic calendar will feature weekly Initial Jobless Claims and January Existing Home Sales data on Thursday.