FBS.com - Daily/Weekly Analysis / Market News

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Forex Analytics

 

GBP/JPY completed minor ABC correction 4

28 April 2016

By: Dmitriy Chernovolov

 

-GBP/JPY completed minor ABC correction 4

-Next sell target - 155.00

 

GBP/JPY recently reversed down sharply from the resistance zone located between resistance level 162.30 (which also previously reversed the price at the end of March, as can be seen from the daily GBP/JPY chart below), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp minor impulse wave 3 from the start of February. The downward reversal from this resistance zone stopped the previous minor ABC correction 4.

 

With the daily Stochastic still moving in the overbought area - GBP/JPY can be expected to fall down further toward the next sell target at the support level 155.00. Strong resistance now stands at 162.30.

 

 

More:

https://fxbazooka.com/en/analitycs/show/8780

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Forex Analytics

 

FTSE 100 reversed from resistance zone

28 April 2016

By: Dmitriy Chernovolov

 

-FTSE 100 reversed from resistance zone

-Next sell target - 6160.00

 

FTSE 100 continues to fall inside the minor corrective wave 2 – which started earlier – when the index reversed down from the strong resistance zone surrounding the major resistance level 6400.00 (which has been reversing the index from September of 2015, as can be seen from the daily FTSE 100 chart below). The aforementioned resistance zone was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the previous downward impulse from last May.

 

FTSE 100 is likely to fall further toward the next sell target at the support level 6160.00 (former strong resistance level, which has been reversing the index in March).

 

 

More:

https://fxbazooka.com/en/analitycs/show/8781

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Forex Analytics

 

EUR/USD: bulls has broken the "Wedge"

29 April 2016

Sergey Logachev

 

 

The price has broken the upper side of the last “Wadge” pattern, which led to the current rise. Despite of a resistance at 1.1397, the market is likely going to move on towards a resistance at 1.1412 – 1.1431. If bulls be stopped here, there’ll be a chance to see a downward correction.

 

 

As we can see on the one-hour chart, the last downtrend line has been broken. We’ve got a resistance at 1.1398, but it likely brings just a local correction. So, bulls are probably going to reach a resistance at 1.1412 – 1.1431. If a pullback from this area happens, we should keep an eye on a support at 1.1387 – 1.1367 as the next bearish target.

 

More:

https://fxbazooka.com/en/analitycs/show/8797

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Forex Analytics

 

GBP/USD: bears were hit like a ton of bricks

29 April 2016

Sergey Logachev

 

 

The pair has been rising dramatically since a “Double Bottom” was formed at the last low. Moreover, the downtrend line was broken yesterday, so bears were hit like a ton of bricks. The market is likely going to get a resistance at 1.4692. If we see any kind of bearish pattern on this level, it’ll be a sign for a downward correction.

 

 

There’s a “Thorn” at the last low, which led to the current upward movement. We haven’t got any reversal pattern so far that is why we’ll likely can see the pair higher in the short term. The main target is a resistance at 1.4692, which can bring a local correction into the market.

 

More:

https://fxbazooka.com/en/analitycs/show/8798

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Forex Analytics

 

EUR/USD broke daily down channel

29 April 2016

By: Dmitriy Chernovolov 

 

-EUR/USD broke daily down channel

-Next buytarget - 1.1460

 

EUR/USD continues to rise inside the minor impulse wave (iii) – which started earlier, when the pair reversed up from the support zone lying between the support level 1.1220, lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of March. The active impulse wave (iii) belongs to the impulse wave 3 of the intermediate ©-wave from the start of December.

 

Having recently broke the daily down channel (which has enclosed the previous ABC correction (ii)) - EUR/USD is likely to rise further to the next buy target at the resistance level 1.1460 (which stopped pervious impulse wave (i)).

 

 

More:

[url=https://fxbazooka.com/en/analitycs/show/8799]https://fxbazooka.com/en/analitycs/show/8799[/uR:]

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Forex Analytics

 

USD/JPY broke support levels 109.00 and 107.70

29 April 2016

By: Dmitriy Chernovolov

 

-USD/JPY broke support levels 109.00 and 107.70

-Next sell target - 106.00

 

USD/JPY recently broke through the support level 109.00, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level accelerated the active minor impulse wave 5 (which belongs to the intermediate ©-wave from last November) – which today broke through the next strong support level 107.70 (which stopped the previous minor impulse wave (i) at the start of April, as can be seen below).

 

USD/JPY is expected to fall further in the accelerated impulse waves 5 and © toward the next sell target at the support level 106.00. Sell stop-loss can be placed above the recently broke price level 107.70.

 

 

More:

https://fxbazooka.com/en/analitycs/show/8800

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Forex Analytics

 

EUR/USD: "Star" discriminate in favour of bears

29 April 2016

Galina Svetlova

 

 

We’ve got the fourth  “Three Methods” pattern in a row, which led to the new high yesterday. The price reached the upper resistance and formed a “Harami” on this level, which points to a possible beginning of a downward correction. As we can see on the Daily chart, there’re a “Piercing Line” and a “Belt Hold”, so the market was rising until yesterday, when the price met with a resistance. 

 

 

There’re a “Harami” and a “Shooting Star” at the last high. Also, the price formed a pullback from the two upper resistance levels. So, it’s likely to see a bearish correction towards the 34 & 55  Moving Average lines.

 

More:

https://fxbazooka.com/en/analitycs/show/8801

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Forex Analytics

 

USD/JPY: bears broken all "Windows"

29 April 2016

Galina Svetlova

 

 

The price has broken two “Window” in a row, but bears were stopped by the lower “Window”. So, we’ve got a “High Wave” pattern, but it hasn’t confirmed yet. The market is likely going to a local bullish correction and start to falling down afterwards. As we can see on the Daily chart, we haven’t got any reversal pattern, so there’s an open door for an achievement of the nearest support. At the same time, if the price finds a lodgement under the current “Window”, it can act as a resistance subsequently.

 

 

We've got a “Harami” at the local high, which has been confirmed. There’re two “Three Methods” patterns in a row, so the market is likely going to continue the current decline.

 

More:

https://fxbazooka.com/en/analitycs/show/8802

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Forex Analytics

 

US Dollar: Fed on hold; wait for NFP

29 April 2016

Kira Iukhtenko

 

As we expected, the Fed decided to leave interest rates unchanged at the April 27 meeting. The Fed’s statement didn’t change significantly and leaves the prospects of the June 15 rate hike pretty uncertain. Of course, the economic releases will matter, but what should we expect from the US central bank? In my opinion, interest rates will likely remain on hold at least until December. The regulator will likely stand pat as additional volatility on the global markets is unwished ahead of the US November election.

 

Hesitant Fed is limiting the upside of the US dollar these days. What’s more, the Bank of Japan also hit the greenback by leaving policy unchanged last week and kicking USD/JPY below 108 yen. As a result, we’ve seen the USD Index falling below 94 points by the end of the week – this is the lowest level since August 2015. Support for the index is seen at 93.15 (May 2015 low). Some pullback could happen here, but the medium US Dollar trend remains bearish for now.

 

On the new week we’ll be watching the April PMI indices in the United States. Strong figure could render some temporarily support to the greenback, but are unlikely to change the whole picture. On Friday, May 6, markets will focus on the April labor market report. The US economy added 215 new jobs in May. 

 

 

More:

https://fxbazooka.com/en/analitycs/show/8804

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Forex Analytics

 

GBP/USD: more growth ahead?

29 April 2016

Kira Iukhtenko

 

British pound pushed higher on the new week, breaking above the neckline of an inverse “head-and-shoulders” formation. The pair reached the next strong resistance at 1.4670 by Friday (this is the February 2016 high). A short-term bearish correction is likely from here, but in the medium term the pair is expected to extend the upside towards the 1.5000 mark. We maintain a buy-on-rallies strategy.

 

The fundamental picture creates space for more rallies in GBP/USD. The Fed remains dovish and, as a result, the US Dollar growth is limited. Brexit fears are not influencing the market these days as politicians all over the world are trying to persuade the British people to stay in the EU. Be careful, though: pressure on the pound is expected to return at the end of May. The Brexit referendum will take place on June 23.

 

On the new week UK is scheduled to release a bag of April Purchasing Managers' Indices. You should watch the Manufacturing PMI on Tuesday, Construction PMI on Wednesday and Services PMI on Thursday. Note that banks in Great Britain will be closed for a holiday on Monday. 

 

 

More:

https://fxbazooka.com/en/analitycs/show/8805

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Forex Analytics

 

EUR/USD: "Wedge" has worked fine

2 May 2016

Sergey Logachev

 

 

The market has been rising since the “Wedge’s” upper side was broken. The price faced a resistance at 1.1464, so there’s a chance to see a local downward correction. Anyway, bulls are still have enough power to deliver new highs, so the rally is likely going to be continued towards a resistance at 1.1494 – 1.1533.

 

 

As we can see on the one-hour chart, the price was rising dramatically during last week. We’ve got a local “V-Top” pattern, which brought a local correction into the market. It’s likely that the pair is going to get a support at 1.1437 – 1.1431. If so, there’ll be an opportunity to see more bullish pressure.

 

More:

https://fxbazooka.com/en/analitycs/show/8819

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Forex Analytics

 

GBP/USD: bulls has stopped by the "Double Top"

2 May 2016

Sergey Logachev

 

 

The market has been moving in a range of a flat since the downtrend line was broken. It's likely to see a local correction during the day. If the price gets a support at 1.4576 – 1.4513, there'll be a chance for bulls to resume their rally.

 

 

We’ve got a flat in progress, so the price is likely going to reach a support between the 55 Moving Average and the level at 1.4538 If we see a pullback from this area, buyers will probably feel free to start a new stage of the current upward trend.

 

More:

https://fxbazooka.com/en/analitycs/show/8820

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Forex Analytics

 

AUD/NZD falling inside impulse waves 3 and (3)

2 May 2016

By: Dmitriy Chernovolov 

 

-AUD/NZD falling inside impulse waves 3 and (3)

-Next selltarget - 1.0800

 

AUD/NZD has been falling sharply in the last few trading sessions – breaking through the two consecutive support levels 1.1030 and 1.0960, which were set previously as the sell targets for this currency pair. The breakout of these support levels greatly accelerated the active minor impulse wave 3, which belongs to the intermediate downward impulse (3) from March. Waves 3 and (3) both started earlier - when the price reversed down from the strong resistance zone lying between resistance levels 1.1250 and 1.1340.

 

AUD/NZD is likely to fall further to the next sell target at the support level 1.0800 (target price calculated for the completion of the active impulse wave 3).

 

 

More:

https://fxbazooka.com/en/analitycs/show/8821

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Forex Analytics

 

NZD/USD rising inside impulse waves (v) and ©

2 May 2016

By: Dmitriy Chernovolov

 

-NZD/USD rising inside impulse waves (v) and ©

-Next buy target - 0.7050

 

NZD/USD has been rising sharply in the last few trading sessions inside the minor impulse wave (v), which belongs to the strong intermediate impulse wave © from January. The active impulse wave (v) started earlier – when the price reversed up from the support zone lying between the pivotal support level 0.6860 (former strong resistance level from December and March) and the 38.2% Fibonacci correction of the previous upward impulse from March.

 

NZD/USD is likely to rise further to the next buy target at the resistance level 0.7050 (which stopped the previous minor impulse wave (iii) in April).

 

 

More:

https://fxbazooka.com/en/analitycs/show/8822

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Forex Analytics

 

EUR/USD: "Window" restrained bearish correction

2 May 2016

Galian Svetlova

 

 

As much as four “Three Methods” patterns were formed last week, which led to the current bullish price movement. Considering that a “Harami” at the local high hasn’t been confirmed, the market is probably going to reach the nearest resistance. We should keep in mind that it’s likely posible to see any kind of reversal pattern on this level. As we can see on the Daily chart, all last candles are bullish, but if buyers be stopped on the nearest resistance line, there’ll be time for bearish revenge.

 

 

We’ve got a new “Window”, which already acted as a support, so Friday’s high was broken. It’s interesting that this “Window” wasn’t closed, because the last candles couldn’t close under its lower side. Despite of this very bullish situation, the chance to see any bearish pattern on the nearest resistance is still an extremely high.

 

More:

https://fxbazooka.com/en/analitycs/show/8823

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Forex Analytics

 

USD/JPY: "Three Methods" have ruined bulls at all

2 May 2016

Galina Svetlova

 

 

There're two “Three Methods” patterns, so the price found a lodgement under the last “Window”. Despite of the last “Three Methods” is unideal, the market is likely going to reach the nearest support line. As well as we haven’t got any reversal patterns on the Daily chart, today’s candle is probably going to be a bearish one.

 

 

The price has been falling down since a “Shooting Star” arrived at the last high. We’ve got serious of “Three Methods” patterns, but currently the market is moving in a range of a flat. Anyway, bears are likely going to reach the nearest support, so we should be prepared for a possible bullish correction afterwards.

 

More:

https://fxbazooka.com/en/analitycs/show/8824

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Forex Analytics

 

Key option levels: May 2-8

2 May 2016

Grigory Zverev

 

EUR/USD

 

o the closest resistance levels: 1.1472; 1.1560; 1.1637; 1.1706

 

o the closest support levels: 1.1305; 1.1240; 1.1164/25; 1.1053

 

o the range of upside risks: 1.1472-1.1871

 

o the range of downside risks: 1.1305-1.0880

 

Considering EUR/USD, the bulls has managed to turn the tide in their favor. However for growth continuation they need to overcome the number of strong resistances. Medium-term risks belong to bears so far. 1.1472 level excess will predetermine the new wave of growth to the 1.1560 and 1.1637 levels. The currency pair selling should be considered lower than 1.1305 level, with the target points at 1.1240 and 1.1164.

 

 

GBP/USD

 

o the closest resistance levels: 1.4699; 1.4792; 1.4830; 1.4928; 1.5045

 

o the closest support levels: 1.4452; 1.4321; 1.4237; 1.4174

 

o the range of upside risks: 1.4699-1.5130

 

o the range of downside risks: 1.4452-1.3969

 

GBP/USD has turned out to be under control of buyers again. 1.4699 level breakout will create a background for the currency pair growth this week. 1.4792 and 1.4830 levels can be used as the buy signals. There is also an alternative scenario – 1.4452 level downside breakout will open a way to 1.4321 and 1.4237.

 

 

USD/JPY

 

o the closest resistance levels: 106.63; 107.02; 107.94; 108.68

 

o the closest support levels: 105.94; 105.25; 104.24;

 

o the range of upside risks: 108.68-113.97

 

o the range of downside risks: 107.94-95.24

 

USD/JPY has got under the bear pressure. The main objective of the marketmakers is still located on 105.00 level. However 100.00 and 95.00 strikes development suggests the possibility of a deeper decrease. The decrease lower than 105.94 level can be considered as a signal for the currecny pair sale, with the target points at 105.25 and 104.24. Interests of buyers are located higher than 108.68 level.

 

 

USD/CAD

 

o the closest resistance levels: 1.2637; 1.2757/83; 1.2830; 1.2989/99

 

o the closest support levels: 1.2503 (?); 1.2444; 1.2355; 1.2261

 

o the range of upside risks: 1.2503-1.2261

 

o the range of downside risks: 1.2637-1.2999

 

USD/CAD has closed another week in a "red zone". However, Call-range strengthening can encourage the development of the ascending correction. 1.2637 level excess will become a good moment for buying; the objectives are 1.2757 and 1.2830 levels. In case of decrease lower than 1.2503 level it is possible to open short positions with the target points at 1.2444 and 1.2355.

 

 

More:

https://fxbazooka.com/en/analitycs/show/8826

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Forex Analytics

 

EUR/USD: bulls are inside the "Wedge"

3 May 2016

Sergey Logachev

 

 

The market has been rising since the upper side of the last “Wedge” was broken. The price faced a resistance at 1.1533, which led to the current local correction. Anyway, it’s likely possible to see an upward movement afterwards, so we should keep an eye on the nearest resistance at 1.1599.

 

 

There’s a “Wedge” in progress, which is a sign for an intraday correction. At the same time, the main trend remains a bullish one, so the market is likely going to reach a resistance at 1.1599 subsequently.

 

More:

https://fxbazooka.com/en/analitycs/show/8827

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Forex Analytics

 

GBP/USD: "Pennant" strongly supports buyers

3 May 2016

Sergey Logachev

 

 

The pair entered into a consolidation phase since the downtrend line was broken. The price found a resistance at 1.4692, but it’s likely that the market is going to reach the next resistance at 1.4797 in the short term.

 

 

There’s a flat in progress, which brought a possible “Pennant” pattern. So, the price is likely going to the next resistance at 1.4692 – 1.4738. If we see a pullback from this area, there’ll be a chance for a downward correction to happen. 

 

More:

https://fxbazooka.com/en/analitycs/show/8828

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Forex Analytics

 

GBP/USD broke resistance zone

3 May 2016

By: Dmitriy Chernovolov 

 

-GBP/USD broke resistance zone

-Next buytarget - 1.4800

 

GBP/USD continues to rise following the earlier breakout of the resistance zone lying between the resistance level 1.4650 (which stopped the previous intermediate ABC correction (4) at the start of February, as you can see below) and the 50% Fibonacci correction of the previous downward impulse wave from last November. The breakout of this resistance zone accelerated the active impulse wave 3 – which belongs to the intermediate impulse wave © from the start of April.

 

GBP/USD is likely to rise further to the next buy target at the resistance level 1.4800 (target price calculated for the termination of the active impulse wave 3).

 

 

More:

https://fxbazooka.com/en/analitycs/show/8831

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Forex Analytics

 

EUR/AUD broke pivotal resistance level 1.5200

3 May 2016

By: Dmitriy Chernovolov

 

-EUR/AUD broke pivotal resistance level 1.5200

-Next buy target - 1.5430

 

EUR/AUD today broke through the resistance area lying between the pivotal resistance level 1.5200 (top of the previous minor B-wave from the start of April) and the 38.2% Fibonacci correction of the previous intermediate ABC correction (2) from February. The breakout of this resistance area continues the active intermediate impulse wave (3) – which started earlier – when the pair reversed up from the major long-term support level 1.4500, which has been reversing the price from December, as can be seen below.

 

EUR/AUD is likely to rise further in the active impulse wave (3) toward the next buy target at the resistance level 1.5430. Strong support now stands at the recently broken price level 1.5200.

 

 

More:

https://fxbazooka.com/en/analitycs/show/8832

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Forex Analytics

 

EUR/USD: "Doji" points to a bearish correction

3 May 2016

Galina Svetlova

 

 

The last bearish “Harami” hasn’t been confirmed, so we’ve got a “Three Methods” at the local high. There’s a huge possibility to see any kind on bearish pattern on the already achieved resistance line. However, the coming downward movement will be just a correction, so bulls still have enough power to deliver new highs afterwards. As we can see on the Daily chart, the last candles are bullish, so the today’s one likely won’t be an exception too.

 

 

There's a bullish rally in progress, but we've got a “Doji” at the last high, which points to a possible local correction. The main target is the middle of the last upward movement as well as the upper side of the previously formed “Three Methods” pattern. 

 

More:

https://fxbazooka.com/en/analitycs/show/8833

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Forex Analytics

 

NZD/USD reached buy target 0.7050

4 May 2016

By: Dmitriy Chernovolov 

 

-NZD/USD reached buy target 0.7050

-Next sell target - 0.6850

 

NZD/USD continues to fall inside the 3rd intermediate impulse wave (3) – which started earlier when the pair reversed down from pivotal resistance level 0.7050 (which was set as the buy target in our previous forecast for this currency pair). The resistance level 0.7050 also previously reversed the price sharply in the middle of April – starting the active primary impulse wave ③. Both of the last downward reversals from resistance level 0.7050 created the daily Japanese candlesticks reversal patterns Bearish Engulfing.

 

NZD/USD is likely to fall further to the next sell target at the support level 0.6850 (standing close to the 38.2% Fibonacci correction of the previous upward price impulse from the middle of March).

 

 

More:

https://fxbazooka.com/en/analitycs/show/8844

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Forex Analytics

 

Forex trading plan for May 5

 

 

US dollar recovered on more hawkish comments from the Federal Reserve’s members. San Francisco Fed President John Williams claimed he could vote for an interest rate hike in June if the economy keeps improving. In addition, according to Atlanta Fed President Dennis Lockhart, two rate hikes this year were certainly possible. However, ADP employment report showed that the number of employed people in the United States rose by only 156K in April vs. 205K expected.

 

Risk assets also suffered as crude oil was under pressure. the American Petroleum Institute reported on Tuesday that US inventories increased last week by 1.3 million barrels.

 

EUR/USD is holding above support at 1.1460 after it formed spike up to 1.1614 on Tuesday, but failed to stay at these maximums. Euro area’s retail sales contracted by 0.5% in March, while an increase by 0.1% was expected. On Thursday German and French banks will be on holiday. Next support is at 1.1415 and 1.1350. The pair has to rise above 1.1550 in order for the bulls to feel powerful again. Note that there’s declining 100-week MA at 1.1638, and it should create significant resistance.  

 

GBP/USD returned down to 1.4500. British manufacturing unexpectedly fell in April for the first time in 3 years. The nation’s construction PMI also came lower than expected (52.0 vs. 54.1). In addition, ICM poll, which was weighted to take into account the likelihood of respondents taking part in the vote, showed that 45% of voters were in favor of Brexit, while 44% were against it. The pound may suffer more if services PMI due at 08:30 GMT on Thursday disappoints. Below 1.4500 we’ll focus on the next big figure at 1.4400/1.4388 (100-day MA) and 1.4330. Resistance is at 1.4550 and 1.4630.

 

USD/JPY tried to recover after falling as low as to 105.55 on Tuesday. The lack of monetary stimulus from the Bank of Japan last week is the biggest bearish factor the pair. Japanese Finance Minister Taro Aso said on Tuesday that the government is monitoring speculative foreign-exchange trades and will act if it’s necessary. On Thursday liquidity will be lower because of a bank holiday in Japan, so we may see some volatile moves.  The pair will likely remain under bearish pressure. Support is at 105.00 (200-day MA) ahead of 103.70 (may 2013 high). Resistance is at 107.50 and 108.25 ahead of 110.50.

 

AUD/USD was little changed in the 0.7480 area where it fell from levels above 0.7700 on Tuesday. The Reserve Bank of Australia cut interest rate from 2.00% to 1.75%. There wasn’t much of the forward guidance in the central bank’s accompanying statement – we may get more insight about that from the RBA’s quarterly monetary policy statement, which is due on Friday. The RBA’s decision to act is probably connected with the slowdown in Australian inflation. Resistance lies at 0.7560 and 0.7600. Decline below 0.7450 will open the way down to 0.7410. Australia is due to release retail sales and trade balance figures at 01:30 GMT on Thursday, an improvement in data is expected.

 

More:

https://fxbazooka.com/en/analitycs/show/8851

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Forex Analytics

 

Can I make a living with Forex trading?

5 May 2016

 

In life we face daily challenges that allow us to grow as people, but all this depends on the way how we face them, because if we do not have enough wisdom, these challenges would affect us in a negative way.

 

Fortunately, with the advancement of technology and mass diffusion of knowledge through the internet, we were able to meet with such an extremely profitable business, as Forex trading. However, like any business, it takes a lot of study to learn to master Forex trading, and even more if you want this to become your full-time business and make a living of it.

 

When we were kids, we went to school with the purpose of learning to read, write, do maths and many other basic functions that allow us to acquire more knowledge for the future, so we can deal with the life’s challenges successfully.

 

The example above is similar to learning Forex trading as a business, because we have to go through a series of processes that allow us to understand the complex, but profitable world of Foreign Exchange.

 

A common mistake that many beginners in Forex trading make is that they want to make money quickly, which makes them lose all their money quickly, because they do not have enough patience to learn, and what’s especially the beginners, don’t learn to master stress while trading in the Forex market.

 

Therefore, we will need to devote a lot of time to learning this business, but above all, we would have to know how to manage our investor’s psychology and believe that the Forex market is not a matter of luck, such as gambling. If you think that Forex trading is like gambling, then it is highly likely you’ll fail in this business and eventually lose all the money you've invested in a trading account.

 

There is no excuse to say that there is not enough information about how to master the techniques that allow us to generate profits with Forex trading, because thanks to the progressive democratization of information through the Internet we can find valuable sources of information about the Forex market.

 

At FX BAZOOKA, for example, you can find daily market analysis and news, which represent the necessary tools for growing in this profitable business.

 

Another important aspect to consider when trying to make money in Forex trading is managing a proper risk in each trade. If you believe that in this business you can quickly earn thousands of dollar with small investment, you're quite wrong and those expectations are what lead many people to failure in this business, because traders of that kind tend to overleverage their accounts.

 

Therefore, it is essential that you create a good risk management plan for your money, in order not to risk much on each trade. This will allow to you to protect your trading account from any unexpected event in the Forex market.

 

After all, you’re probably still asking yourself: can I make a living with Forex trading? The answer is: of course you can! But it is not as easy as many can make you believe.

 

More:

https://fxbazooka.com/en/analitycs/show/8858