Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
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| | | | Here's What Happened in the FX Market This Past Week | | | Improving broad risk sentiment dominated this week, crushing the yen in the process while taking the Kiwi dollar easily to the top spot right from the jump! | | |
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| | | | This Past Week's Strongest and Weakest Currencies | | | Thanks to improving risk sentiment, the Japanese yen sinks to the bottom of the list with the Kiwi dollar taking the top spot as this week's strongest currency. MarketMilk™ settings used: 4H time interval, real time price stream. | | |
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| | | | | This Week's Global Market Recap | | | Global risk assets saw lots of green while gold and bond prices steadily fell as the week, signaling easing global recession and U.S. debt crisis fears through Friday. | | |
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| | | | FX Play of the Day Recaps:
May 15 – 19, 2023 | | | With top tier catalysts from Australia and China, this week's strategies focused mainly on Aussie dollar pairs. We had arguably 3 out of 4 correct calls with direction, but AUD volatility was limited this week as traders balanced weak Australian data against broad risk sentiment. | | |
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| | | | | How Leverage Affects Transaction Costs | | | Not only does leverage amplify your losses, it also amplifies your transaction costs as a percentage of your account. Check out this illustration. | | |
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| | | | | | | With Forum Member | ProfitPotential | The Most Overrated Trading Advice to Newbies According to This 17-Year Forex Trader | In his Q&A, forum member ProfitPotential writes, "This is an interesting question because trading is full of contradictions. What works well for one trader might not work so well for another. However, from my experience, the most overrated trading advice given to newbies is..." | | |
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trade the forex market. | We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey. |
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