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Summary

There are many individuals who come across to my firm's services hoping to just jump into an expensive and advanced course expecting that its a magical service that will transform an individual to a overnight success. As much as I would like to do that for my members, it cannot be done. The reason being is many aspiring traders have learned the very basics of Forex in a very unusual way from all kinds of random sources on the internet. The focus always seems to be "What do I need to know today so I can pull the trigger?". The unnecessary rush to learn to create progress, makes many individuals to simple skim through the most important aspect - the foundation - the key basics required for Forex. You can watch Part I here. Join Telegram

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EUR/USD climbs above 1.0500 as US Dollar weakens

EUR/USD climbs above 1.0500 as US Dollar weakens

EUR/USD preserves its bullish momentum and trades above 1.0500 in the early American session on Wednesday. After the data from the US showed that Unit Labor Costs rose at a slower pace than expected in Q3, the US Dollar came under renewed selling pressure.

EUR/USD News

GBP/USD extends rebound toward 1.2200

GBP/USD extends rebound toward 1.2200

GBP/USD continues to push higher toward 1.2200 in the second half of the day on Wednesday. The renewed US Dollar weakness on weaker-than-expected Unit Labor Costs reading for the third quarter fuels the pair's daily advance.

GBPUSD News

Gold gains traction, closes in on $1,780

Gold gains traction, closes in on $1,780

Following a consolidation phase at around $1,770 during the European trading hours, Gold price gained traction and rose toward $1,780. The 10-year US Treasury bond yield is down nearly 1% on the day and testing 3.5%, helping XAU/USD gather bullish momentum.

Gold News

JP Morgan joins forces with Ripple partner in the UAE, what this means for XRP price

JP Morgan joins forces with Ripple partner in the UAE, what this means for XRP price

JP Morgan will work alongside Al Fardan Exchange LLC in the United Arab Emirates (UAE) to power faster transaction settlement and transfers in fiat currencies.

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S&P 500 (SPX) stocks slide further as market fears Fed

S&P 500 (SPX) stocks slide further as market fears Fed

Equity markets continued to retreat on Tuesday as investors continued to climb the worry wall ahead of the Fed decision next week. Oil fell, and that dragged oil stocks lower with the XLE and XOP both falling nearly 3%.

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