I found out about the forex market about a year ago after rediscovering its name 2 years after taking economics in high school. It was late summer 2020 peak first wave covid in the U.S. I had no clue how vast the markets were and the money I could have made with the understanding I have now. I am honestly not profitable just yet, but I'm determined to never have...
Fundamentals:
1. With Russia invading Ukraine the euro has taken a moth long nose dive without a retracement I think this is the time that the retracement will happen.
2. With Gold being a safe haven the AUD which is backed and correlated with gold seems to be gaining value for now.
In unison, this pair being traded with less volume takes more severe trends than...
Years ago I was watching a Geico insurance commercial titled, " Did you know playing cards with Kenny Rogers gets old pretty fast? (2014)" I didn't understand the reference that Kenny Roggers had in that short clip. But it was a reference to his song from 1978 that only older people would know as he annoyed the other poker players at the table in his star...
How who you share a time zone with can help your trading. My friend on discord just started learning and wanted to know how does the time zone of Bein helps his trading since it is shared with Germany.
FOREXCOM:GBPUSD
This past Tuesday the COT reports show the pound being shorted even especially on the non-commercial side which is large hedge funds and big banks like Chase, Bank of America, Citi bank, etc
banks sell when prices tend to rise because of the nature that they must enter the trade. banks start to sell to start to lower the price but it takes time...
I feel that the bulls will take over for the time being without going higher the Lower low and with the fib rewritten as the bulls step in it will make it to the 61.8/ 50 % then slaming down later this week with the USA fundamentals as the USA recovers the gbp/jpy has 86% correlation to GBP/USD
