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
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.
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
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
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
*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
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.
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
*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.
📊 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.
Forwarded from Gainy_Fugily
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Forwarded from Biuejj Omos
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CHECK OUT THE US SESSION NEWS UPDATE 🎧
🔑 High-Impact Key Events Tonight :
🔴 Durable Goods Orders (MoM) (May)
🔴 GDP (QoQ) (Q1)
🔴 Initial Jobless Claims
Don't rush into the trades. Wait for Noel's updates as we are about to experience some strong movements in the market today. Manage your trades wisely 🧭
➡️ Here's My Advice To All Of You :
🔻 Be attentive to my updates 💯
🔻 Wait for the news data first 📊
🔻 ...
🔑 High-Impact Key Events Tonight :
🔴 Durable Goods Orders (MoM) (May)
🔴 GDP (QoQ) (Q1)
🔴 Initial Jobless Claims
Don't rush into the trades. Wait for Noel's updates as we are about to experience some strong movements in the market today. Manage your trades wisely 🧭
➡️ Here's My Advice To All Of You :
🔻 Be attentive to my updates 💯
🔻 Wait for the news data first 📊
🔻 ...
1000pips Builder (Free signals)
Gold Sell Now @2320 - 2324 Sl 2327 Tp 2315 Tp 2304 Tp 2292
Yahoooo! Running again +35pips profits 📉
Makesure secure half and set breakeven now ✅👍🏻
Makesure secure half and set breakeven now ✅👍🏻