As the European Union (EU) threatened to pursue legal action against the U.K. if it doesn’t drop a bill that aims to undermine the Brexit divorce agreement, the pound has experienced significant loss especially this week as it is on track for its biggest slump in nearly six months. GBP/USD fell 1.56% to $1.27, and
What is Price Action Trading? This is a method or a strategy that is used by traders. This relies on historical prices (open, high, low, and close) to help traders make better trading decisions. Price action tells you what the market is doing without the need or help of too many indicators or algorithms that
After reports that Britain may undercut its divorce treaty with the European Union, the British acknowledged in Tuesday that it could break international law but only in a “limited way”. The government’s legal department head quit in disagreement with a plan to overwrite parts of the Withdrawal Agreement treaty signed in January as pound fell
Being a profitable trader is very rewarding. The question is, how do traders’ profit from the market, aside from learning different strategies such as the 180 Phaser, Trend Wave, and Pip Runner? Here we will discuss the three types of analysis that traders incorporate with the strategies that help them spot a high probability trade and bag
On Friday last week, the pound fell in its first weekly loss in a month, with experts warning any potential recovery will be held down by the growing threat of a no-deal Brexit. GBP/USD fell 0.11% to $1.3262 and is set for its first weekly slump since the week commencing August 02, 2020. The
In forex trading, failure is very high, estimating in more than 95% of the new traders giving up from their first few years of trading and getting back on their 9-5 jobs. Most forex traders become too complacent after a few months of trading and gaining in their demo accounts. This can lead aspiring traders
Being a forex trader seems easy enough for most people as long as you have the right tools and knowledge to use. However, to be a successful trader, you have to learn more than just tools, strategies, and indicators. A large part of successful trading comes from mastering your mind and your thoughts. Here we will talk about
After the Bank of England policymakers warned that Britain’s economy could suffer more than it anticipated, the pound has drifted lower after hitting its eight-month high against the U.S. Dollar on Tuesday of over $1.34. A Reuters poll on Friday showed that Sterling will lose some of its recent gains against the Dollar due to the uncertainty in
Ever wonder why lots of people are transitioning from traditional jobs to being a forex trader, especially during this pandemic? 24 hours/5 days a week open market – A trader doesn’t have to wake up at 6:00 am to go to work. You can trade any time of the day set your own
As the COVID-19 outbreak continues to spread across the globe and countries are facing the realities of trying to contain the virus and protect their people, it’s unsurprising that this is also having a direct impact on the global foreign exchange market. In today’s post, we’ll be taking a closer look at how the
