This article will give information about how to get success in forex trading. Especially how to get profit easily. It is because fewer traders know about it.
Every forex change will be represented by a graphic. It is like an indicator to read forex patterns about price conditions. So, traders will know about the market condition.
In the Forex world you would always wonder if you can use an ECN account instead of a Standard or Cent account. First, what is an ECN account? A Real ECN account is a pure order-matching execution system that charges a premium commission per trade, rather than causing the raw spread to artificially inflate in the natural order-matching process. With this type of account, you get access to more reliable and cost-effective trades.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
At the beginning of the Asian market on Friday (December 30), the US dollar fluctuated in a narrow range and is currently trading near 104.01. The US dollar index fell 0.5% on Thursday. Investors were nervous at the end of the year. The initial optimism about the reopening of Asian powers gradually faded.
Goals are an important part of achieving success in anything, forex trading included. However, goals can be tricky because people usually set them too high, out of the realm of what’s realistically achievable in an acceptable amount of time.
Therefore, traders should know about some facts in this trading. Traders should have a mindset to know how to run this business. It is needed to make a decision.
The U.S. dollar edged slightly lower on Thursday in reduced European trading, as the U.S. and Italy joined a list of countries to require COVID-19 testing by incoming travelers from China.
BitForex is one of the leading cryptocurrency exchanges in the world. By providing a wide range of trading products, which includes: spot trading, margin trading, and derivatives. BitForex constantly lanuch new features and products by adapting to the user needs.
On Thursday (December 29), the US economic data failed to strengthen the Fed's tightening expectations, and the dollar index fell below the 104 mark again, closing 0.47% lower at 103.97. After the US initial jobless claims data was released, the yield of 10-year US Treasuries increased its decline, falling from 3.89% to 3.82% within the day; The yield of two-year US bonds rose slightly, rising to 4.39% as high as possible. As of the closing of US stocks, the trading volume was around 4.37%.
WCG Markets:2022-12-30
The performance of almost every asset class has been miserable in 2022, except for the United States dollar. Unlike the lackluster returns of stocks, bonds, real estate, and crypto, the USD has fared much better – and the only beneficiaries are international traders – boosting its value. With all the uncertainties investors face today, many new investors and traders have begun to invest in currencies like USD, as it provides both long-term and short-term returns on investment.
Seeking the perfect time to enter stock trading? History says December is the perfect month because of Santa! Learn more
Natural gas futures are inching higher early Thursday after closing lower for the fourth straight session in more than a month due to expectations that warmer weather over the next two weeks would reduce demand for heating.
On Thursday (December 29), in the Asian session, spot gold rose slightly, trading at 1809.21 dollars/ounce. The dollar index weakened slightly, providing support for gold prices. Moreover, the fall of gold prices on Wednesday once again held the key support of the 21 day moving average, and there were some bargain hunting in the gold market. Since this week, the news about the Asian epidemic has had a great impact on the market sentiment, and the market worries have fluctuated.
EUR/USD expected to push higher, while USD/JPY reaction to BoJ action signals the potential for another turn lower.
AUD/USD bulls take a breather around 0.6750 amid doubts on China Covid conditions. The Australian Dollar (AUD) appears to have bottomed around the 0.6680 area since December 19 and advanced toward the 0.6800 region amid an upbeat sentiment. Nevertheless, the choppiness of the last trading week of 2022 keeps traders at bay from opening fresh longs ahead of the month, quarter, and year-end flow, which usually benefits the US Dollar (USD). At the time of writing, the AUD/USD is trading at 0.6785.
A person who joins this forex trading must know about the forex capital gains before trading, it's to make them effective when they use their money.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2022-12-29