Public serve the currency first, there is no gold, keep it aside 😆‌‌

GbpJpy Sell : (203.065 - 202.935)

Sl : 203.306
Tp : 202.490 / 201.935

Gold sell now: 2311-2314

sl:2318.5

tp:2303.00
tp:open

These are the mostly traded currencies, it is abbreviated as follows and usually be in pairs

EUR..... EURO



USD.... US DOLLARS



GBP.... GREAT BRITISH POUNDS



CHF...... SWISS FRANC



NZD.... NEW ZEALAND DOLLARS




AUD..... AUSTRALIAN DOLLARS



CAD.... CANADIAN DOLLARS


JPY.... JAPANESE YEN



CNY..... CHINESE YUAN

XAU ....Gold

etc

Some Terminologies


TO GO *LONG*....means to BUY🟦


TO GO *SHORT*...... means to SELL🟥



If a Trader tells you that he went *Long* on a Currency pair.


He meant that, He Bought the pair.

While if they tell you that they *Short* a Currency pair, it means that they *Sold* the pair



Soon you would get to see that All what we are doing in Forex is Buying and Selling

Bullish: means going up

When someone tells u that a currency pair or a commodity is Bullish
It's telling you that its going Up


While

*Bearish*

*One that is Bearish is going down*




U all would be needing them as U we progress with the Training

*BULLS*..... The Buyers are referred to as Bulls



*BEARS*..... The Sellers are referred to as Bears

This is bullish.

When market is going up

This is bearish,when market is going down

*RANGING*.....
A Market is said to be Ranging, if it does not have any particular direction.
It's neither moving Upwards not Downwards



*TRENDING*......
A Market that has a direction.
It's either moving Upwards or downwards

So you can hear people say a market is *Trending upwards* or the market is *Trending downwards*



So you may hear people tell you that the Market is just Ranging.



They are indirectly telling you that the the market has not found any direction yet.

The next terminology that we would be looking at is

*HAWKISH*

This term is mostly used when referring to the Central Bank Governor or personell of a Country.

When they are Hawkish, they tend to be liberal on interest rate and are willing to increase it.

This is good news for investors



*DOVISH*

This is the opposite of Hawkish.
Financial personnel who are Dovish are very restrictive... They do not want to tamper with the interest rate.
They even want to reduce it.
This is bad news for investors.


*NFP*

An acronym for NON FARM PAYROLL.

A very important News Event in the US, released once every month

Master risk reduction in trading with these key steps

📊 Strategic Targets: Safeguard your trades by always setting precise Stop Loss (SL) and Take Profit (TP). This is the foundation for accurate risk assessment and informed decision-making.

➕ Take Profit Strategy: Define your success with targeted Take Profits, ranging from 20 PIPS to 100 PIPS. Mine? 15, 30, and 50 PIPS – a winning trifecta.

🛡 Loss Limitation: Mitigate potential losses by incorporating a Stop Loss ranging from 30 PIPS to 50 PIPS. My safety net? A set SL at 50 PIPS.

🚫 Volatility Disclaimer: Acknowledge market unpredictability. Brace for reversals with a prudent SL set at 50 PIPS, ensuring your trades endure and hit those lucrative TPs.

Gold Sell Now

Gold Sell Now @2314-2318

Sl : 2320

TP1 : 2310
TP2 : 2306
TP3 : OPEN

Use proper money management ✅

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Gold sell now