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The fastest area of wealth accumulation in the world-the forexAn investment field where one opportunity is enough to change one's destiny! A market that works miracles every day! Entering the new century, foreign exchange, an investment tool with infinite charm, is attracting the attention of more and more people. This market full of opportunities and challenges is changing our destiny all the time, so much so that it is loved by more and more people. Advantages of the foreign exchange market: 1.Low threshold for investment amount; 2.The investment period can be long or short, buy and sell as you go, and the liquidity is extremely high. 3.The highest return on investment, you can get more than several times the amount of investment funds. 4.The transaction procedures are quick and easy. You only need to enter the transaction procedures, which can be completed in a very short time. 5.Trading flexibility is high, and there are many profit opportunities in the dual-track of buying long and selling short. 6.The impact environment is relatively fair, the information channels are smooth, and it will not be operated by large companies. The principles of fairness, impartiality, and openness are guaranteed. There are many factors that affect it, and the relationship between supply and demand has a great impact. 7.The degree of risk is relatively high, but foreign exchange trading operations are flexible, mobile, rapid, and risks can be controlled and prevented. How to quickly accumulate wealth with small funds: 1. Survival first, development second. 2. Only do short-term intraday trading. 3. Operate no more than 5 times a day, and try not to place orders after the daily profit exceeds US 1,000. 4. Only 2-3 varieties are made every day. In the trading process, at the same time, establish that opportunities are available every day, and you need to maintain the concept of waiting patiently for opportunities, and overcome the impatience of eager to win; at the same time, make rational use of stop losses, establish the concept of safety in the bag, and turn floating profits into real profits in a timely manner.After trading, find the time period when you make the most profit every day, try to give full play to your advantages in this time period, and summarize your experience every day to continuously improve your tactics.
OANDA:XAUUSDEducation
by Short-term-king
EURUSD, Weekly analysis, Feb 6 -10, 2023EURUSD bulls tried to go past the 1.10 price mark last week, but it faced strong resistance in the new high at 1.10 , then it closed the week at the price of 1.079 due to the strength gained by the US Dollar because of the FOMC and NFP new reports last week, and if you look at the picture, It was clearly a breakout trade of a rising wedge pattern in a weekly timeframe, This week, During the Initial phase, may the price go down towards the Year opening price of 1.068 and because of the News and data release, EURO USD has a chance to go high towards the supply zone of 1.085 price mark Strengthen Dollar move tries to accumulate strength because of News reports awaiting this week like the Fed chairman speech, FOMC member speech, and the University of Michigan's Consumer sentiment report
Short
by Akfx369
Sell EURGBP SW 060223 13.15📌📌Idea Share Sell EURGBP📌📌 Link : 📍📍Open order 0.89450 Sell lim 1 0.89700 Sell lim 2 0.89900 Sell lim 3 0.90100 Sell lim 4 0.90300 Sell lim 5 0.90500 Tp 0.88500 Sl 0.90750 Warning !!! (Swing trade must be use pending orders) !!!Pending orders should be set up lot size step by step Example (15,000$) Open order 0.1 lot Sell lim 1 0.15 lot Sell lim 2 0.20 lot Sell lim 3 0.25 lot Sell lim 4 0.30 lot Sell lim 5 0. 40 lot Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot Example (3,000$) Open order 0.04 lot Sell lim 1 0.05 lot Sell lim 2 0.06 lot Sell lim 3 0.07 lot Sell lim 4 0.08 lot Sell lim 5 0.10 lot Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot !!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
by Maximus_Provider
2
Forex Update 03.12.2021Hello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose slightly on Friday, ahead of the release of the latest monthly U.S. jobs report, which might solidify a faster pace of tapering and, potentially, early interest rate hikes despite the omicron-induced uncertainties. The Dollar Index, which measures the value of the US dollar against a basket of six other currencies, climbed 0.2 % to 96.305, slightly higher for the week. That would be the sixth weekly gain in a row. The EUR/USD declined 0.1 % to 1.1284. Daily Support & Resistance points : support Resistance 1) 1.1279 1) 1.1334 2) 1.1260 2) 1.1368 3) 1.1225 3) 1.1388 The GBP/USD dipped 0.2 % to 1.3279. Daily Support & Resistance points : support Resistance 1) 1.3273 1) 1.3337 2) 1.3240 2) 1.3368 3) 1.3209 3) 1.3401 The USD/JPY increased 0.2 % to 113.34. Daily Support & Resistance points : support Resistance 1) 112.79 1) 113.43 2) 112.43 2) 113.71 3) 112.15 3) 114.07 The AUD/USD sank 0.4 % to 0.7066, just above its 13-month low of 0.7063. Daily Support & Resistance points : support Resistance 1) 0.7077 1) 0.7114 2) 0.7062 2) 0.7136 3) 0.7040 3) 0.7152 The dollar gained ground this week after Federal Reserve Chair Jerome Powell testified to Congress that inflation would remain high for longer than the central bank had predicted, and that Fed policymakers would consider a faster tapering of the central bank's bond-buying program at their December meeting. This hawkish tone was maintained on Thursday, with San Francisco Fed President Mary Daly stating it may be time to "start building a plan" to raise interest rates to battle inflation, and Richmond Fed President Thomas Barkin discussing "normalizing policy." Money markets are once again predicting that the central bank would raise its benchmark rate by 25 basis points at its June 2022 meeting, as they did before the first news about Omicron. The focus now shifts to the release of the monthly official jobs report in the United States for signs that the labor market is strengthening. The report's generally definitive signals, however, are likely to be muffled by the fact that it predates the advent of the new version. Nonfarm payrolls are predicted to have climbed by 560,000 in November, up from 531,000 in October, while the unemployment rate is expected to fall to 4.5 percent from 4.6 percent in October. However, both the ADP private payrolls on Wednesday and the initial unemployment claims on Thursday were greater than predicted, indicating that a positive surprise is a possible possibility. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
CAPITALCOM:DXY
by GabiDahduh
USDCHF SHORT TERM ENTRY!!!!This pair has been among the trendy pairs for the past weeks. The market has currently broken the resistance line to the upside with a nice impulse. but after an impulse there is always a correction to at least the 0.382 of the Fibonacci retracement. Currently the market is in a resistance zone (purple rectangle) and as soon as the market breaks the low of the previous candle, the market with be retesting the 0.382 of the Fibonacci to fill the previous wicks before a further continuation to the upside.
Short
by joebakwa7
2