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We witnessed at the market opening on Monday at the beginning of this week that there was a gap in the USDJPY pair and several other pains that had elements of the JPY currency including EURJPY and CHFJPY. The gap will be very visible from low timeframes such as M5 or M15. The gap can be recognized from the gap between one candlestick and the next candle which are not connected to each other, it is as if no trading is taking place where there is a distance between the close price and the open price of one candle to the next candle. There are 4 types of gaps according to the article on the FXOpen blog, namely Exhaustion, Breakaway, Continuation, and Common. Gaps can occur both in the forex market and the cryptocurrency market, even in the stock market. Even in the stock market, gaps occur more often than in the forex market. Taking advantage of gap opportunities to gain profits in forex trading Some traders may try to take advantage of trading opportunities when a gap occurs. There are several gap trading strategies such as Gap and go trading strategy, Quick reveal gap trading strategy, and Small gap fill trading strategy. In the gap-and-go strategy, traders take advantage of momentum after a sudden market spike occurs. This strategy is used by traders when a gap occurs in the direction of the trend. This quick reversal gap trading strategy takes advantage of the gap that occurs when a spike in the gap occurs against the trend, this gap often reflects a reversal. Small Gap Fill Trading Strategy, this strategy takes advantage of small gaps in the range of less than half of the previous day's trading which are filled in a short time. Profitability of gap trading strategies Understanding gaps can provide trading opportunities with fairly high profits. However, traders need to mitigate risk by placing stop losses and rational profit targets. It may take a long time for trial trading to find accurate settings. A market that moves dynamically is one of the external factors that is sometimes unpredictable and has its own impact on the psychology of traders. Conclusion There are many types of trading strategies in forex trading, including looking for opportunities when there is a gap in the market. This is just one of many trading strategies that may be combined with other strategies. To better understand how to trade with gap, you can read more at FXOpen blog

Each broker may have its advantages and disadvantages, as far as providing what traders need, using a broker's services will still make them comfortable and make money from money in the forex market.

Gold prices surged due to many Central Banks continuing to cut interest rates, geopolitical tensions, and recovering Chinese trade data. Gold price surged over $36.52 yesterday with a rise of 1.58% from $2306 to a high of $2346 by forming a long-body bullish candlestick with no shadow. Sweden, the Riksbank took steps to reduce interest rates by 0.25% to 3.75%. The Bank of England meeting showed an increasing willingness to lower interest rates. The Swiss National Bank (SNB) lowered interest rates at its March meeting, the RBA's dovish policy and the European Central Bank (ECB) has guaranteed it will cut interest rates in June. Geopolitical tensions are another trigger are also a concern for traders, the Israeli attack on Rafah shows the need for a ceasefire so that the war continues. Elsewhere the Ukraine vs Russia war adds further pressure on the risk side. The next Chinese data showed China's exports rose more than forecast at an annualized 1.5% in April, recovering from a 7.5% decline in the previous month is becoming another reason behind gold soar.

USDJPY yesterday drew a bullish candlestick with a long body reflecting a bullish market. The strengthening of the USD seems to be one of the reasons for the weakening of the JPY, the Fed's hawkish attitude in extending high interest rates is still driving the strengthening of the US dollar. The price is now above the middle band, the nearest target is 156,200 if further increases occur. In the H1 timeframe the price moves in the range of 155,360-155,650.

USDJPY has looked bullish since the beginning of this week after falling last weekend due to Japanese intervention in anticipation of the continued weakening of the Japanese yen. NFP data also affects the value of JPY against the USD, the data shows that the actual value is lower than the forecast for a moment, causing the USD to weaken but after a few hours, it will strengthen again. The Fed may still be reluctant to cut interest rates because the inflation target has not been achieved. The Fed is targeting 2% inflation to cut interest rates but it seems that it will still take longer. The price is now near the middle band and if there is a breakout from the downside it is expected that the price will continue to rise to 155.00 or 156,000 shortly.

I usually choose to use a fixed stop loss because it is easier to manage trading risk, apart from paying attention to yesterday's high and low, I also pay attention to risk tolerance in a trading plan.

I more often use a position size of only 0.01 in trading on FXOpen using a standard account, although it is possible to use a larger position size, I prefer to divide transactions with the same lot size of 0.01 with different targets.

Even though the scalping profit target is small pips, when the accumulation transactions are maintained by maintaining a balanced risk-reward ratio, this can become a mainstay weapon for collecting profits with a win rate above 70%.

Scalping trading is very interesting as a trading challenge by utilizing low time frames in high market volatility, potential profits can be achieved more quickly by choosing the best time and an appropriate trading plan.

Traders prefer regulated brokers with low spreads and pure ECNs because they are more transparent. Choosing a broker for each trader may have different reasons, as long as the broker provides services that provide customer satisfaction, traders will usually remain interested and loyal to use their services. I use FXOpen so far it is comfortable in trading.

Forex trading can be a long-term investment, so choosing a broker is very crucial so finding a reliable broker that provides the best service for all clients, in this case, I use FXOpen broker. However, when investing in forex, you must comply with the golden rules of investing in a high-risk business, only spending money that you are prepared to lose, this means that it is not recommended to use money from borrowing for forex trading because it is vulnerable to risk.

Usage Ticktrader and MT4 have different purposes for me, Ticktrader supports multiple markets, forex, crypto, stocks, and indices, I like to trade crypto on Ticktrader, while MT4 often I use for forex trading

I trade using FXOpen broker with MT4 and Ticktrader right now, usually, I use only the indicator that I need to attach to the chart, and still combine analysis-based price action and candlestick pattern, and not forget to read important update news on the calendar economy

The Fed's decision at yesterday's meeting finally held interest rates unchanged at 5.25-5.50% for the fifth time in a row. The Fed also emphasized that it would wait for more supporting data before cutting its benchmark interest rate. As predicted by the market, it seems that the market response has caused financial markets to become more volatile. Gold, which was previously stagnant in the $2150 range, surged yesterday and even formed a new all-time high at $2222.77 before finally rebounding to $2203. In the crypto market, most cryptocurrencies also experienced increases, Bitcoin jumped more than 9%, Ethereum rose 11%, Solana rose 12%. The soaring gold price seems to reflect the market looking for alternative safe haven assets amidst economic uncertainty. While the price of gold itself is influenced by several factors, as reported by the FXOpen blog article, several factors that can influence the value of gold are Inflation Expectations and US Currency: Anticipation of rising inflation and a weakening US dollar, triggered by large fiscal and monetary stimulus, may lift the XAU market.Demand Recovery in China and India: A gradual increase in consumer demand in key markets such as China and India, coupled with new investments, could support a rise in gold prices.Geopolitical Tensions: As global geopolitical conditions remain tense, the appeal of the yellow metal as a hedging instrument may increase, thereby potentially supporting its price.Cost Opportunity: As the opportunity cost of holding gold decreases, the attractiveness of gold among investors will remain, thereby potentially contributing to the growth of the XAUUSD exchange rate. The price of gold is now around $2201, a correction after the price spike occurred. Technically, based on MA 50, it is estimated that bullish sentiment for gold in the long term is possible. In fact, several forecasting sites have predicted that the price of gold could reach levels above $3,000 in the next five years, such as Gov Capital predicting that the price of gold will soar to $3,368. in mid-2025. Gold D1 Ticktrader

The biggest mistakes in trading in my opinion are greedy, overtrading without a proper plan, and fear of missing out.

Each trader may have different choices regarding the broker used, but the trader's goal is of course the same: to gain profits in trading, in this regard low broker spreads, trading conditions without restrictions, trading platform support, and trading server quality can influence trading results, in this case I chose FXOpen UK.

Shocked today Ethereum gains 4.12% Ethereum price broke $3000 and reached $3108.82, compared to Bitcoin's today's gain of only 0.31% at the time of writing. ETHUSD price range for the last 24 hours was Low $2,984.01 and High $3,117.43. It appears that ETHUSD is forming a long-body bullish candlestick with a higher high on Ticktrader FXOpen UK. Crypto Patel reported on a post in Coinmarketcap that over the past 45 hours, someone purchased 57,500 #Ethereum ($174 million) across Binance and DEXs. ETHUSD Technical analysis The summary of the technical analysis by Investing for Ethereum today is strong buy with technical details of indicators RSI(14) Overbought, STOCH(9.6) Buy, STOCHRSI(14) Overbought, MACD(12.26) Buy, ADX(14) Buy, Williams %R Overbought, CCI(14) Buy, ATR(14) high volatility, Highs/Lows(14) Buy, Ultimate Oscillator Overbought, ROC Buy, Bull/Bear Power(13) Buy. Looking at the price chart on Ticktrader FXOpen UK ETHUSD forms a bullish candlestick with a long body below the upper band line. After the price broke $3000 it continued to rise reaching a high of 3116.963 On the daily timeframe, the Bollinger band appears to be forming an upward channel with a wide band distance indicating bullish sentiment with high volatility. The 50 MA below the middle band line also forms an upward channel far below the price, an indication of strong bullish momentum. On the other hand, the RSI indicator which measures overbought and oversolc shows a value of 78, which means the price is in the overbought zone. RSI is a leading indicator that provides signals before a trend is formed. In the H1 timeframe, the price appears to be moving up near the upper band line. Here the Bollinger bands form an upward channel with expanding bands indicating increased volatility. MA 50 is near the lower band forming an upward channel indicating an uptrend market with strong bullish momentum. Meanwhile, the RSI shows level 73, which means the price is in the overbought zone. #ethereum #ethusd #ethereumpricetoday #ticktrader #fxopenuk

Using a demo account is a free way of trading forex without risk and does not burden you mentally, this may be useful for practicing your analytical skills in real market conditions, before you start with a real account, preparing for trading on a demo account can help determine the fate of your trading strategy. However, sometimes good results on a demo account do not reflect the reality on a real account. This may be due to several factors, including when demo trading uses large capital such as $50,000, whereas, in a real account, it is only $100, for example, clearly the difference in capital provides different opportunities when trading. In addition to emotional factors, trading on a real account involves emotions and this can interfere with your trading decisions, possibly beyond the rules of the trading plan. However, it is possible to start trading on a real account, traders will also pay attention to the amount of capital, at FXOpen UK you can start trading with $300.

Forex trading is a profitable business, someone might be able to get rich from forex trading if they understand the method and knowledge. Various trading methods allow traders to profit from market volatility. The most common and widely used strategy is learning how to trade on support and resistance. The support and resistance areas themselves are considered to be areas that prevent prices from moving further, in these areas rejection often occurs so that they are potential areas for gaining profits. However, the different ways to determine support and resistance can make a difference in perspective when looking at support and resistance. Several methods used to determine support and resistance refer to the FXOpen blog such as Trendline, closest swing points, round numbers, Fibonacci retracement, Pivot points, and dynamic lines such as using MA or Bollinger bands. Apart from this strategy, it turns out there is also a unique strategy called Triple Gap or San-Ku. This term may or may not be Japanese. I just discovered this term in an FXOpen blog article. San-ku is a triple gap or three gaps that have the potential to provide a reversal trading signal. This pattern is characterized by three candlesticks with gaps between one candlestick and the next candlestick in a row. However, if for example, encounter a San-Ku or Triple Gap pattern, this may provide a strong reversal signal considering that the trend will have a peak

Capital to start forex trading is increasingly flexible, but different entities may have different minimum deposits, it is best to first understand the minimum deposit at the broker used. Decent capital certainly has advantages over small capital.

Choosing a regulated broker provides comfort in long-term forex trading, choosing a broker with a good reputation and reviews is safer because the company gives a good services

That's right, this is widely used by traders to learn trading without risk, brokers provide free demo account facilities that can be used as well as possible

Position sizing is a fundamental factor in trading to manage risk. This concept is used to determine how much capital is allocated in trading. Proper position sizing can minimize the impact of risk in trading so that in one trading transaction you do not experience a margin call too quickly due to using a position size that is too large. Determining position sizing is closely related to the leverage used. As is known, leverage is like a double-edged sword. On the one hand, you can increase profits, on the other hand, the risk is higher. Ideally, high leverage allows traders to create higher position sizes than low leverage, but the impact can narrow the margin level that measures account strength. Things that need to be considered when making position sizing are risk tolerance and market volatility. To determine risk tolerance, each trader may have a different method. Some determine based on the risk percentage, and some determine based on the value in dollars. In determining the stop loss, the trader has previously calculated the risk tolerance in a trading plan and will adjust the position size to adjust the stop loss to the risk tolerance. For a more comprehensive explanation of position sizing, you can visit the FXOpen blog and find the article with the title Optimal Position Size May Reduce Risks

Today active signal EURCHF This signal is only a personal opinion and does not constitute investment advice or invitation, do so at your own risk

When carrying out trading activities on the forex market, everyday traders will of course pay attention to market trends. This is because it is very important in its efforts to profit from market volatility. The market trend itself can be categorized into three general types, the first is an uptrend also called Bullish, the second is a downtrend or what is called Bearish, and the third is flat or what is called Sideways. An uptrend shows that prices tend to increase and often create higher highs and lows. On the other hand, a downtrend is characterized by prices that tend to form lower lows and higher lows. And finally, the flat is marked by candlesticks in a row as if there is almost no movement. During an uptrend, prices of course do not continue to rise without a downward wave, there are times when a downward wave occurs which is called a retracement or also often called a pullback, where the price moves down from the prevailing trend but rises again to continue the prevailing upward trend. In general, retracement is a temporary trend reversal that allows traders to get the best price according to the prevailing trend. During an uptrend or downtrend, traders usually prefer to wait for the price retracement to open a new order because it is considered lower risk. While Reversal is a fundamental reversal of the prevailing trend, in contrast to retracement, which is a temporary reversal, reversal indicates a significant trend reversal and changes the existing trend structure, and indicates a change in market sentiment. We can learn more about the differences between retracements and reversals on the FXOpen blog where they are explained clearly with examples to make understanding easier. Recognizing this retracement or reversal is very important for traders to support them in achieving profits in high-risk forex trading. So we can trade with the right decision and minimize mistake bias.