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The risk is of course, that you will get false breakouts or a sudden reversal. Fibonacci retracements are another popular tool to trade retracements – particularly the 38.2 %, 61.8 %, and 78.6 % levels. Furthermore, you can approach news trading either with a bias or no bias at all. It means that you have an idea of where you think the market might move depending on how the event unfolds. On the other hand, news trading without bias means that you will try to capture the big move regardless of its direction. So now that you are aware of the risks, let’s look at how you could trade the news.
- The most important point of my list for the best Forex trading blogs is the usability of the blog and the response rate of the owner.
- This may involve staying informed about economic and political events, testing new trading strategies, and seeking feedback from more experienced traders.
- Becoming a successful trader is far from easy, but as the old saying goes “Nothing worth having comes easy”.
- AI has enabled traders to process vast amounts of data quickly and efficiently, which has led to better decision-making and increased profitability.
- He is a knowledgeable and smart guy having studied Neuroscience and Eastern Philosophy.
Both approaches can provide valuable information, and many traders use a combination of both to inform their trades. Forex trading pairs consist of two currencies, such as the US dollar and the euro. Traders buy one currency and sell another, hoping to profit from the exchange rate change between the two currencies. Forex market participants include central banks, commercial banks, institutional investors, retail investors, and currency speculators.
News Move Markets Forex
This type of trading often involves holding positions for several weeks or months, and it requires patience and a deep understanding of market trends and economic factors. Plus500 is a leading online forex and CFD trading platform that offers a user-friendly interface, competitive spreads, and a wide range of trading instruments. It also provides a range of educational resources and trading tools to help traders succeed. TradingView is a social platform for traders and investors to share ideas and strategies. It offers advanced charting and market analysis tools, as well as real-time data and news feeds.
The most important point of my list for the best Forex trading blogs is the usability of the blog and the response rate of the owner. Grid trading involves placing multiple orders above and below a certain price. The idea behind it is to profit from volatility by placing both buy and sell orders at regular intervals above and below the set price level (for example, forex traders blogs every 10 pips above and below). A trader would go buy a currency with a high-interest rate and sell a currency with a low-interest rate. A popular example is going long AUD/JPY (due to Australia´s historically high and Japan´s historically low-interest rates). By doing so, the trader will receive an interest rate payment based on the size of their position.
Top Forex Trading Platforms
Forex trading blog provides the most helpful and relevant information about online forex trading. You will always find the most up-to-date analytics and forecasts, topical articles and detailed educational guides, written by advanced traders and expert analysts. The authors of trading blog inform the readers on the latest changes in the forex market and provide up-to-date technical analysis with a detailed study of price charts. Our authors publish their original profitable forex trading strategies and selections of graphic price patterns. We want trader, looking for valuable information, to visit us again and again to discover.
EToro is a social trading platform that allows users to trade and invest in a variety of financial markets, including forex, stocks, and cryptocurrencies. It offers user-friendly trading tools, copy trading capabilities, and access to a large community of traders. CTrader is a cutting-edge forex trading platform designed for professional traders.
