Week Ahead: What Are the Financial Markets Watching This Week
- Daily Analysis, Fundamental Analysis, Recent Posts, Trending Now
- October 6, 2024
US Dollar Index: The US dollar index, or ‘DXY’, a measure of the value of the USD relative to a basket of foreign currencies, climbed nine out of ten days. After retesting the 200-day SMA (97.76) and a supply-turned demand zone at 97.35/97.85, the index retained a strong underlying bid, toppling a familiar supply area
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READ MOREA quality among all consistently successful traders is eliminating mistakes. Mistakes can be expensive and emotionally damaging. No matter how long you’ve been trading in the financial markets, you’re bound to experience lapses in discipline. To help lessen the impact, here are seven common trading mistakes beginner traders, and sometimes experienced traders, make and solutions to avoid them: Lack of a Trading
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The Japanese have been using candlestick charts many years before the western world created bar charts of any sort. Today, these candlestick patterns have become a crucial tool for traders to predict potential price movements of various assets. In fact, the most popular advanced trading platforms include these charts in their list of essential technical analysis tools.
READ MOREEverything about One-Click Trading and How to Activate It in MT4 The built-in one-click trading function in MT4 simplifies the trading process and significantly reduces the amount of time it takes to fulfill trades. You can use it to open and close orders, set stop-loss and take-profit levels, and place pending orders all with the
READ MOREGoing into today’s election there is a slight ‘uneasiness’ about the whole thing and that there is a sense of déjà vu. Déjà vu about what you might ask, the Scottish Independence Vote and Brexit. Both were unpredictable, both saw large swings in the currency but then diverged one played out as expected regarding the
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