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xtreamforex26

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  1. xtreamforex26

    Technical Overview of EUR/USD and USD/JPY and Currency Pair EUR USD EUR traded higher against USD and closed at: 1.1094 · Touch softer - closed up 0.05% after recording a fresh 1.1076 Jan low · UK to set out goals for EU trade talks - PM Johnson's spokesman · Charts show momentum studies, 5, 10 & 21 DMAs edging lower - negative setup · 1.1080/85, 61.8% of the Nov-Dec bounce and Jan double bottom held on close · Sustained 1.1075 break a bearish signal, next stop 1.1042 76.4% Nov-Dec rise · 1.1113, 38.2% of the January dip and 5 DMA is initial resistance · 1.1100 350M, 1.1125 230M, and 1.1140-50 1.5BLN strikes cap According to the Analysis, pair is expected to find support at 1.1082 and a fall through could take it to the next support level of 1.1076. The pair is expected to find its first resistance at 1.1102 and a rise through could take it to the next resistance level of 1.1108 USD JPY USD traded lower against JPY and closed at 110.18. USD/JPY extends losses while taking rounds to 110.00 during early Tuesday. The pair shrugged off the BOJ’s widely anticipated monetary policy decision as risk aversion seems to be in the play. · USD/JPY extends the recent losses despite BOJ holding its monetary policy intact while keeping forward guidance on interest rates intact. · News of corona virus outbreak recently triggered risk-off; trade-positive news from the Chinese Commerce Ministry failed to please buyers. · Geopolitical plays in the Middle East, trade headlines will welcome the US traders returning from the extended weekend. According to the Analysis, pair is expected to find support at 110.13 and a fall through could take it to the next support level of 110.10. The pair is expected to find its first resistance at 110.21 and a rise through could take it to the next resistance level of 110.24 Economic Events of the Day · JPY BoJ Interest Rate Decision · JPY BoJ Press Conference · GBP Claimant Count Change · EUR ZEW Economic Sentiment Indicator For More information about the release time of news and its impact visit Economic Calendar Page!
  2. xtreamforex26

    XtreamForex Live trading Contest 2020!! The biggest offer of the year is here!! XtreamForex has launched Live Trading Contest 2020 for real traders. Both new and existing traders can take part in the Trading Contest. Join this contest and grab the opportunity to race head to head with renowned and experienced forex traders all over the world. How to Apply: 1. Open a Live Account with XtreamForex. 2. Verify your account. 3. Deposit $500. 4. Trade and win up to 31,000 USD in cash Contest prizes: >> 1st - $13,000 >> 2nd - $10,000 >> 3rd - $7,000 * The place from 4-13th is rewarded with $100 each* Joining Link: https://my.xtreamforex.com/LiveTradingContest2020 Registration Dates: Start - 20th January 2020 End - 29th February 2020 Trading Period Start - 1st March 2020 End - 31st March 2020 Result Announcement - 3RD APRIL 2020 Contest Availability: WorldWide Note: Traders, who already joined XtreamForex, can directly participate in this contest from their member area!
  3. xtreamforex26

    Technical Overview of GBP/USD and EUR/USD Currency Pair GBP USD GBP traded higher against USD and closed at 1.3017. GBP/USD looks to extend the bounce towards 1.3050 ahead of the UK CPI report, as broad-based US dollar weakness and bullish technical set up underpin the sentiment around the spot. • Flat - closed up 0.2%, as expectations of a Jan BoE cut cooled • Inflation data on today and retail sales Friday will be key for sterling • Despite bounce daily charts are negative, though at low end of recent ranges • Momentum studies, 5, 10 & 21 DMAs head lower and 21 day Bolli bands slip • 1.2900, December low then 1.2887 lower 21 day Bolli band are major support According to the Analysis, pair is expected to find support at 1.2973 and a fall through could take it to the next support level of 1.2954. The pair is expected to find its first resistance at 1.3033, and a rise through could take it to the next resistance level of 1.3052. EUR USD EUR traded higher against USD and closed at 1.1127. • EUR/USD barely moved in Asia trading in a 1.1126/31 range • Most of the action in regionals as USD moved up on Mnuchin comments\ • Resistance at 10-day MA at 1.1140 with option selling ahead of 1.1150 • Large option maturities 1.1100/50 defining recent range • Break above 1.1150 targets 61.8 fibo of 1.1240/1.1085 at 1.1181 • EZ IP later today, but US-China trade deal likely to be main event According to the Analysis, pair is expected to find support at 1.1111 and a fall through could take it to the next support level of 1.1101. The pair is expected to find its first resistance at 1.1141 and a rise through could take it to the next resistance level of 1.1151. Economic Events of the Day USD EIA Crude Oil Stocks Change USD EIA Cushing Crude Oil Stocks Change USD FOMC Member Harker Speech For More information about the release time of news and its impact visit Economic Calendar Page!
  4. xtreamforex26

    Avoid these Common mistakes while trading! Trading has become more accessible than eternally for beginners. First thing, if the risks are coming don’t scare you away from trading, you need to become familiar with some common mistakes that lead up to from failure position. Avoid these mistakes in your trading, your business runs better. Here are some mistakes to avoid: Trading without a strategy: It is crucial that you approach trading as a business and create a strategic plan that includes short- and long-term goals, the amount of capital you have available and a plan of action. You need to establish what you will be trading. A good trading plan needs to be concise, objective, researched and continually evaluated at standard intervals. Not Following Stop-Loss Orders: Setting and following a stop-loss is very vital for success in day trading. Stringent stop loss is to put a limit on the losses before they grow big. Losses below the security gap do not blight the trader. One of the common mistakes is when any client crosses a stop order after losing. This mistake commonly happens in the anticipation of a reverse course. Risking More Than You Can Afford to Lose: The key part of your risk management strategy is to establish how much of your assets you are willing to risk on each trade. Day traders superlatively should risk less than 1% of their capital on any single trade. That means that a stop-loss order closes out a trade if it results in no more than a 1% loss of trading assets. Not waiting for the right trade: A new day trader must reveal the patience required in waiting for the right trade to match what the technical analysis indicates. Experienced traders wait for the right timing instead of forcing a trade, entering at the erroneous price, and over trading their account. Trying to Anticipate the News: Many pairs rise or downfall sharply in the wake of scheduled economic news releases. Anticipating the direction the pair will move, and taking a position before the news comes out, seems like an easy way to make a premium profit. It isn't. Often the price will move in both directions, sharply and quickly, before picking a continual direction. Forex Market is one of the Largest International Financial Market entire the world. To make large profit Open an account with Best Forex Broker.
  5. xtreamforex26

    Technical Overview of EUR/USD and GBP / USD Currency Pair EUR /USD EUR traded lower against USD and closed at 1.1193 The market is well placed to retest resistance at 1.1197- 1.1240 – namely the 55-week ma, the 2019-2020 down channel and the recent high. This guards the 200-week ma at 1.1360 which continues to represent a critical breakpoint medium term.” “Dips lower are well supported by the 55 and 20-day ma at 1.1095/1.1065 and the 3-month uptrend at 1.1045.” “Failure at the uptrend would target the 1.0981 29th November low.” According to the Analysis, pair is expected to find support at 1.1167 and a fall through could take it to the next support level of 1.1156 The pair is expected to find its first resistance at 1.1205 and a rise through could take it to the next the resistance level of 1.1216. GBP / USD · GBP traded higher against USD and closed at 1.3167 “We look for dips lower to remain well supported by the 55-day ma at 1.2987. The low on the 23rd December was 1.2908 and while above here we will assume an upside bias to retest the December high at 1.3515.” “The December high at 1.3515 guards the September 2017 high and 38.2% retracement (of the move down from 2014) at 1.3658/68. This guards the more important 1.3918 2007 -2020 downtrend.” According to the Analysis, pair is expected to find support at 1.2841 and a fall through could take it to the next support level of 1.2604. The pair is expected to find its first resistance at 1.3461, and a rise through could take it to the next resistance level of 1.3607. Important Economic Events of the Day EUR Retail Sales m/m. EUR Retail Sales y/y. GBP 10-Year Treasury Gilt Auction. USD Trade Balance. More information about the release time of news and its impact visit Economic Calendar Page!
  6. xtreamforex26

    Technical Overview of EUR/USD and GBP / USD Currency Pair EUR /USD EUR traded Higher against USD and closed at 1.1175. EUR/USD is attempting a convincing break above 1.12 amid broad-based US dollar weakness. The currency pair is currently trading at 1.1196, representing a 0.20% gain on the day, having hit a high of 1.1210 in Asia. Dollar's bearish trend continued in Asia and looks to have legs, as gold, a hard currency, is reporting a 3% gain on a month-to-date basis in dollar terms and is expected to put on a good show next year. The trend in the gold market is widely used as an indicator to confirm the bullish/bearish price action in the US dollar. EUR/USD's bullish case looks stronger with the weekly chart reporting an upside break of the trendline connecting September 2018 and June 2019 highs. According to the Analysis, pair is expected to find support at 1.1196 and a fall through could take it to the next support level of 1.1195. The pair is expected to find its first resistance at 1.1200 and a rise through could take it to the next resistance level of 1.1201. GBP / USD GBP traded higher against USD and closed at 1.3076 · GBP/USD remains on the front foot for the fifth consecutive day to the highest since December 19. · The Brexit party leader Nigel Farage’s former adviser Trixy Sanderson signaled the EU’s preparations for a no-deal departure. · The market lost interest in the greenback as phase-one calls rise but US-China political divide remains. According to the Analysis, pair is expected to find support at 1.3075 and a fall through could take it to the next support level of 1.3068. The pair is expected to find its first resistance at 1.3097, and a rise through could take it to the next resistance level of 1.3104. Important Economic Events of the Day · USD: Pending Home Sales m/m · USD: Pending Home Sales y/y · USD: Goods Trade Balance For More information about the release time of news and its impact visit Economic Calendar Page!
  7. xtreamforex26

    Technical Overview of EUR/USD and USD/CAD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1096. • EUR/USD is gaining ground on broad-based dollar selling. • The pair is closing on a crucial trendline hurdle at 1.1140. • With gold rising amid trade optimism, a breakout looks likely. The easing of trade tensions is good news for Germany. The 18-month US-China trade war had pushed the Eurozone's manufacturing powerhouse and biggest economy to the brink of recession. As a result, the dollar could continue to lose ground in Friday's European session – more so, as the equity market buoyancy is expected to continue with Amazon, the e-commerce giant, reporting record holiday season. According to the Analysis, pair is expected to find support at 1.1087 and a fall through could take it to the next support level of 1.1080. The pair is expected to find its first resistance at 1.1107 and a rise through could take it to the next resistance level of 1.1114. USD CAD USD traded lower against CAD and closed at 1.3121. • USD/CAD on track for a test below 1.31 the figure on firm commodity complex. • Phase-one trade deal between the US and China is in the making, supporting commodity currencies. Funds is under pressure as the commodity complex catches a bid on the so-called 'phase-one' trade deal that is scheduled to be signed in January between the US and China. The trade, ownership and technology practices of Chinese companies for the past two decades will not vanish overnight, nor will optimism of US and Canadian executives return with two signatures. According to the Analysis, pair is expected to find support at 1.3100 and a fall through could take it to the next support level of 1.3087. The pair is expected to find its first resistance at 1.3144, and a rise through could take it to the next resistance level of 1.3157. Important Economic Events of the Day • JPY: Retail Sales m/m • USD: EIA Crude Oil Stocks Change • USD: Baker Hughes US Oil Rig Count • GBP: Nationwide HPI m/m For More information about the release time of news and its impact visit Economic Calendar Page!
  8. xtreamforex26

    Christmas Special Offer! $30 No Deposit Bonus from XtreamForex Don’t miss out! Go and Grab this Opportunity. Start your live trading with a $30 no deposit bonus offer from world best Forex Broker in the market. Enjoy Live Forex trading without any Deposit as well as any risk. With XtreamForex it is easy to make money trading Forex. We make every effort to provide the best customer experience and give the widest opportunities to our trader! Best Opportunity for beginners. Offer Applicable: All new Traders. Offer Availability: Limited Time Only. Bonus Amount: 30USD Joining link: https://my.xtreamforex.com/no_deposit_bonus How to Apply: • Open a New Live Trading Account • Pass the personal data verification procedure. • And, Get $30 no deposit bonus. Note: $30 No Deposit Bonus trading account will only be approved after call verification.
  9. xtreamforex26

    Technical Overview of EUR/USD and GBP/USD Currency Pair EUR USD EUR traded higher against USD and closed at 1.1128. · EUR/USD stalls its strong intraday rally near 1.1200 round-figure mark. · Acceptance above 200-DMA support prospects for additional gains. The EUR/USD pair maintained its strong bid tone through the early European session on Friday, albeit has retreated around 20-25 pips from the 1.1200 handle, or four-month tops. Extremely overbought conditions on hourly charts seemed to be the only factor that kept a lid on any strong follow-through, rather prompted some profit-taking at higher levels. According to the Analysis, pair is expected to find support at 1.1125 and a fall through could take it to the next support level of 1.1102. The pair is expected to find its first resistance at 1.1199 and a rise through could take it to the next resistance level of 1.1222 GBP USD GBP traded higher against USD and closed at 1.3162. · Trades close to the top of a 1.3162/1.3516 range, after a hectic session · EUR/GBP is at the base of a 0.8278/0.8426 with huge flow for Asia · Bids at 1.3450 provided a base after initial jump - 1.3450 1BLN strikes · Early results support the exit poll prediction of an 86 Boris landslide · EU welcomes a strong UK mandate into upcoming trade talks · Charts show GBP trending higher, but over stretched short term · Stunning Conservative victory will totally change UK politics According to the Analysis, pair is expected to find support at 1.3170 and a fall through could take it to the next support level of 1.3061. The pair is expected to find its first resistance at 1.3524, and a rise through could take it to the next resistance level of 1.3633. Important Economic Events of the day · EUR: EU Leaders Summit · JPY: BoJ Tankan Large Manufacturing Index · USD: Retail Sales m/m · USD: Retail Inventories m/m For More information about the release time of news and its impact visit Economic Calendar Page!
  10. xtreamforex26

    Most Interesting Facts about Forex Market Forex Market is world’s biggest Financial Market. Still many people see Forex as a boring industry, one that demands the constant task of heavy analysis, stress and risk. But if you look deeper into the market, then you will see dynamics and the profit generation opportunities turn it in a lucrative option for making more money or even starting a business. Here you can read some most interesting facts about Forex Market if you are start trading in Forex Market. 1) Forex Market is considered to be the Largest Financial Market in the World where you can buy, sell and speculate on currencies. Approximately 5.3 Trillion Dollars traded daily in Forex Market which is more than future and equity market combined. 2) 85% of all Forex Trades occur on only major 7 currency pairs: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD, and USD/CHF. 3) 66% of US Currency is held overseas by private individuals, foreign governments and institutions. 4) 90% of all foreign exchange transaction includes US Dollar. 5) 41% of all Forex transactions are conducted in United Kingdom, whereas only 19% happen in US and rest 40% transaction accounts in other part of the world. 6) 5% of total volume in forex is attributed to retail traders. Approximate 99% of the retail traders can’t turn in a year’s worth of profit. 7) GBP/USD is also known as cable. Back before fiber optics and satellites, stock exchanges in London and New York communicated by a long steel cable under the Atlantic. Because of this, GBP/USD is still called the ‘cable’ today. 8) 44% of Forex Traders are between the ages of 25 and 34. 9) 11% Female Traders represent Forex Market. 10) 180 Currencies are used in 195 countries across the world. 11) Kuwaiti Dinar is the world's strongest currency and has the highest currency value. 12) Germany has the largest global Forex Players. 13) Forex Traders are referred to as Bull and Bear. The Bulls are optimistic ones who believe that Forex Market will go up at a particular time while bear traders believes that price will fall. 14) 4X Volume of trading in Forex compared to the Global Gross Domestic Product. 15) 53X Foreign Exchange Trading Volume compared to NYSE. Forex Market is one of the Largest International Financial Market in the world. To make large profit Open an account with Best Forex Broker.
  11. xtreamforex26

    Technical Overview of GBP/USD and USD/JPY Currency Pair GBP USD GBP traded higher against USD and closed at 1.3155. · Flat in a 1.3153/1.3161 range, but decent interest once Asia fully opened · EUR/GBP saw modest volumes with a very tight 0.8438/0.8341 range · Conservative election victory expectations attracted fresh demand this week · Initial significant resistance at 1.3168/90, 50% 2018/19 fall and May high · 1.3168 capped in NY, but is under pressure - strong resistance into 1.3200 · Close above 1.3200 would be a strong positive into the election next week · Sustained 1.3200 break would open the door to the 1.3380 2019 high in March · Close below the prior 1.3000 range high needed to undermine topside bias According to the Analysis, pair is expected to find support at 1.3120 and a fall through could take it to the next support level of 1.3105. The pair is expected to find its first resistance at 1.3166 and a rise through could take it to the next resistance level of 1.3181. USD JPY USD traded lower against JPY and closed at 108.75. USD/JPY's CTA positioning and notes that it's mainly close to neutral and sidelined around current levels. "CTAs having held back on going long in the USD/JPY market (buying USD and selling yen) during the recent risk-on phase, they have managed to avoid simultaneous stock selling and yen buying. CTAs' USD/JPY positions are close to neutral at present, and they are not currently moving either to buy or to sell. "With the latent risk of yen appreciation being suppressed, if fundamentals-oriented investors begin tentatively dip-buying below 23,000, this downward move by the Nikkei 225 could be brought to a close relatively soon. According to the Analysis, pair is expected to find support at 108.66 and a fall through could take it to the next support level of 108.58. The pair is expected to find its first resistance at 108.92, and a rise through could take it to the next resistance level of 109.00. Important Economic Events of the day · JPY: Household Spending y/y · USD: Nonfarm Payrolls · USD: Baker Hughes US Oil Rig Count · CAD: Employment Change For More information about the release time of news and its impact visit Economic Calendar Page!
  12. xtreamforex26

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    Technical Overview of AUD/USD and NZD/USD Currency Pair AUD USD AUD traded higher against USD and closed at 0.6777. FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa. The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors. Reserve Bank of Australia (RBA) Governor Speech may contain information about the expected change in the bank's interest rates or in the monetary policy. The Aussie dollar, a G-7 proxy for China, is not impressed by reports of US-China trade talks gaining momentum. AUD/USD failed to take out key average hurdle despite renewed trade optimism. RBA's Debelle said slower wage growth is a new norm in Australia. According to the Analysis, pair is expected to find support at 0.6769 and a fall through could take it to the next support level of 0.6761. The pair is expected to find its first resistance at 0.6793 and a rise through could take it to the next resistance level of 0.6801. NZD USD NZD traded higher against USD and closed at 0.6416. Retail Sales m/m reflects a change in New Zealand's retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes. Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending. • NZD/USD is facing pullback risks after multiple failures at the 100-day MA hurdle. • A close above the key average will likely invite stronger buying pressures. According to the Analysis, pair is expected to find support at 0.6400 and a fall through could take it to the next support level of 0.6392. The pair is expected to find its first resistance at 0.6426, and a rise through could take it to the next resistance level of 0.6434. For More information about the release time of news and its impact visit Economic Calendar Page!
  15. xtreamforex26

    Technical Overview of AUD/USD and GBP/USD Currency Pair AUD USD AUD traded higher against USD and closed at 0.6784 · Flat in a quiet tight 0.6785/0.6795 range as options contain · 0.6785-95 1.1BLN and 0.6900 500M strikes dominated in Asia · Risk bounce in Asia after a soft week, Nikkei +0.6%, AsiaxJP +0.3% · Charts - momentum studies, 5, 10 & 21 DMAs head south - bearish setup · Dip recently stalled at 0.6769, which remains pivotal and vulnerable · NY 0.6783 low and earlier 0.6795 high initial support and resistance According to the Analysis, pair is expected to find support at 0.6786 and a fall through could take it to the next support level of 0.6785. The pair is expected to find its first resistance at 0.6788 and a rise through could take it to the next resistance level of 0.6789. GBP USD GBP traded higher against USD and closed at 1.2913. · Cable saw steady interest and trades +0.1% in a 1.2903/1.2921 range · Conservatives to raise property purchase tax for non-UK residents · A revenue raiser that will be popular with UK voters · FT's poll tracker, Conservatives hot favorites, +13pts from +11 over Labour · Charts - 5, 10 & 21 DMAs gently edge higher - modest topside bias · Six week 1.2770/1.3012 range looks set to extend unless the USD trends According to the Analysis, pair is expected to find support at 1.2917 and a fall through could take it to the next support level of 1.2916. The pair is expected to find its first resistance at 1.2923, and a rise through could take it to the next resistance level of 1.2924. Important Economic Events of the Week (18 Nov, 19 to 24 Nov, 19) · CAD: Core Retail Sales m/m · EUR: ECB President Lagarde Speech · EUR: GDP q/q · SGD: GDP q/q · USD: EIA Crude Oil Stocks Change For More information about the release time of news and its impact visit Economic Calendar Page!
  16. xtreamforex26

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    Technical Overview of EUR/USD and USD/JPY Currency Pair EUR USD EUR traded higher against USD and closed at 1.1021 · Early bounce on US data gives some relief to longs · Pair heavy on safe haven flows but holds above 61.8 Fib of 1.0879-1.1180 · Daily RSI diverges & bull hammer forms, daily techs warn shorts · Monthly RSI still falling, says downside momentum could resume · Global growth concerns, soured risk could sink EUR/USD According to the Analysis, pair is expected to find support at 1.1010 and a fall through could take it to the next support level of 1.0972. The pair is expected to find its first resistance at 1.1132 and a rise through could take it to the next resistance level of 1.1170. USD JPY USD traded higher against JPY and closed at 108.39. · USD/JPY's breaks key props at 108.50 , close is key · IMM USD/JPY specs long largely above 108 are at risk on 107.89/99 break · Treasury yields sliding faster than JGBs, '20 Fed cuts pricing back in · USD/JPY's topping formation reinforced by AUD/JPY's reversal · Risk flows could change on a dime if trade deal gets completed, signed According to the Analysis, pair is expected to find support at 108.57 and a fall through could take it to the next support level of 108.56. The pair is expected to find its first resistance at 108.59, and a rise through could take it to the next resistance level of 108.60. Important Economic Events of the Week (11 Nov, 19 to 15 Nov, 19) · USD: Retail Sales m/m · GBP: Retail Sales m/m · NZD: Electronic Card Retail Sales m/m For More information about the release time of news and its impact visit Economic Calendar Page!
  18. xtreamforex26

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    $25 No Deposit Trading Bonus Do you want to start forex trading without any initial investment? XtreamForex offers No Deposit Bonus of $25 – the easiest way to start in Forex. Trade without depositing and grow your portfolio. If you are a beginner, this bonus is a great opportunity for you to try out your skills and find out more about trading. Free No Deposit Trading Bonus Joining Link: https://my.xtreamforex.com/no_deposit_bonus Bonus size: $25 Maximum amount of bonus: $25 Ending Date: Available for Limited Time only. Offer is Applicable: Only for Sri Lanka Clients. How to Apply: · Register an account · Make your account verified with documents. · Get $25 bonus Bonus Cash Out: Bonus is withdrawn able with under the terms and conditions. Each Client receives this bonus only once.
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    What to do when you are ready to quit Forex Trading Every Forex trader has had a time of bad losses, big stress or any numbers of reasons which have made him decide it is time to quit trading. It is normal usual and common and people get really tired with handling all that Forex hands them and decide it’s time to give up. But that is the time when you should step back relax and re think the whole picture. Through those losses and hard times you can learn the most important lessons. It is a chance for you to re study your trading approach with a less emotional and more realistic mind set. Reset your goals and make a better version of your plan. Taking a break after having tried trading is the perfect time to gather your thoughts and become more logical and goal oriented. There are many ways to approach the situation. If you are a beginner then you can think of your first losses as the fee for learning the most important lessons in Forex. If you quit when you face difficulties then the money you lost was lost for nothing. This isn’t a gambling approach where losses have to be made up with profits, but a very simple and realistic fact that you can only learn Forex trading by trading, and you are bound to make mistakes and suffer losses at the start. Just like being a new driver, you always start off with on old car that you can afford to lose. You do the same with the money will invest when you first start trading. If you relax and ask yourself why you lost all that money then you will retrace your moves and see where you’ve gone wrong. You could have been over trading, you could have been not paying attention to the right opportunities, you could have not been cutting your losses quick enough, and maybe your strategy was flawed. This is very normal and only by trying can you progress.
  21. xtreamforex26

    Technical Overview of USD/CAD and EUR/USD Currency Pair USD CAD USD traded lower against CAD and closed at 1.3048. USD/CAD is trimming gains on reports calling a victory for Canada's PM Trudeau. The pair may come under pressure if Trudeau forms a minority government with NDP's support. Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country. The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes. Canada Core Retail Sales m/m reflects the change in retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics from retail stores of different types and sizes. The index calculation does not include sales of autos and spare parts. Retails Sales are an indicator of consumer activity in Canada, and an important component of national GDP. The indicator growth can have a positive effect on CAD quotes. According to the Analysis, pair is expected to find support at 1.3077 and a fall through could take it to the next support level of 1.3063. The pair is expected to find its first resistance at 1.3123 and a rise through could take it to the next resistance level of 1.3137. EUR USD EUR traded higher against USD and closed at 1.1148. · Positive risk extends in Asia, E-mini S&P +0.1% and AsiaxJP stocks +0.3% · Flat in a low key 1.1147/1.1156 range - fundamentals unchanged look to techs · Charts - daily momentum studies, 5, 10 & 21 MAs head higher - bullish setup · Sustained cloud break, 1st since July - 1.1104 horizontal cloud top supports According to the Analysis, pair is expected to find support at 1.1142 and a fall through could take it to the next support level of 1.1132. The pair is expected to find its first resistance at 1.1172, and a rise through could take it to the next resistance level of 1.1182. Important Economic Events of the Day · CAD: Retail Sales m/m · CAD: Core Retail Sales m/m · USD: Existing Home Sales For More information about the release time of news and its impact visit Economic Calendar Page!
  22. xtreamforex26

    Technical Overview of EUR/USD, AUD/USD and USD/JPY Currency Pair EUR USD EUR traded lower against USD and closed at 1.1169. EUR/USD's may have a hard time extending preceding three week's rally, courtesy of warning Brexit optimism. The common currency may face selling pressure if the European Union announces retaliatory tariffs on imports from the US. According to the Analysis, pair is expected to find support at 1.1150 and a fall through could take it to the next support level of 1.1146. The pair is expected to find its first resistance at 1.1164 and a rise through could take it to the next resistance level of 1.1168. AUD USD AUD traded higher against USD and closed at 0.6855 • AUD/USD remains buoyant in Asia as hopes recede of an early RBA rate cut • Bolstered by last week's upbeat AU jobs data, increasingly gloomy US data • Australia home prices keep rising as auctions heat up in boost for economy • Chance of Nov rate cut pared back to just 17% compared to 34% a week ago According to the Analysis, pair is expected to find support at 0.6842 and a fall through could take it to the next support level of 0.6839. The pair is expected to find its first resistance at 0.6854, and a rise through could take it to the next resistance level of 0.6857. USD JPY USD traded higher against JPY and closed at 108.42 Although 200-day SMA becomes the key upside for USD/JPY, the quote refrains from further declines while taking rounds to 108.50 during early Monday. The pair is seesaws around four day low. According to the Analysis, pair is expected to find support at 108.32 and a fall through could take it to the next support level of 108.27. The pair is expected to find its first resistance at 108.50, and a rise through could take it to the next resistance level of 108.55. For more information: https://xtreamforex.com/
  23. xtreamforex26

    Forex Scalping Traders use many different forms of trading which they feel the most comfortable at, and help them make the best profits they can. Each trader depending on their strong points can find themselves working better and earning more when using a the method which suits them best. Scalping is a well-known and commonly used form of trading which suits trader who wants to make large numbers of trades earning small profits each time. This happens by opening a trade, buying a currency pair, and closing it as soon as the smallest profit is made – usually between 3 to five minutes - completely evading risk even if the profit is too small to make a difference. The main base of scalping is to make a lot of trades daily – can be up to over a hundred a day – and aim on never losing any money through those trades, but steadily keeps making small profit among small profit slowly building up a larger account. The downside of scalping is that it requires large amounts of deposit, to be able to handle the amount of leverage which must be taken to make the short and small trades worthy. It also demands a lot more attention, as none of the positions can be losses, otherwise the other small trades will be imbalanced by losses and therefore become entirely useless. It takes clear and attentive concentration skills to achieve that. Of course needless to say, Scalping is time consuming, and would take a trader who can commit to trading for hours on a daily basis in order to keep building up from the small profits made with each trade, therefore it would be very hard to keep up as a scalper if one is not already a full time trader. Based on all these facts it makes sense to say that scalping is not for everybody. It is mainly popular due to the fact that it is technically risk free, because even when a loss is made it is small, and over time it depends on no losses being made, but no big profits either. A constant scalper would choose a safely earned small amount over the risk of a great profit opportunity. An important aspect of scalping is to always keep consistency in trade sizes, if a trader uses erratic trade sizes while scalping; they are bound to lose a lot of money. If random sizes are chosen it is most likely that an oversized, leveraged loss will erase all the profits of a day’s work, defeating the whole principle of scalping. All trade sizes must be the same, making the amount of losses and gains equal, therefore keeping the trading strategy balanced. It is also important to mention that scalping is a popular method to be applied on automated trading programs, due to the fact that it is time consuming and needs very specific and accurate decisions which can be very easily effected by emotions like excitement or greed. The way programs work is by trades being placed through the trading day and the system is based on a set of signals derived from technical analysis charting tools that create a buy or sell decision, at the points which the trader has programmed to indicate the right buy or sell conditions. Many people find scalping through programs effective and doable, because it does not require their immediate presence, or their constant attention. Over all, to become a good scalper, attention, concentration and time are needed, with a lot of practice, and having the intuition to pull out at the right time, even when the profits are too small to seem worthy. Read more: https://www.xtreamforex.com/
  24. xtreamforex26

    Technical Overview of AUD/USD and GBP/USD Currency Pair AUD USD AUD traded lower against USD and closed at 0.6752. · AUD/USD -0.25% as China reacts to US House taking hard line over Hong Kong · China says US House should stop interfering in HKG · Undermined by weak AXJ currencies as PBOC Yuan fix on high side of forecasts The "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods. According to the Analysis, pair is expected to find support at 0.6744 and a fall through could take it to the next support level of 0.6733. The pair is expected to find its first resistance at 0.6780 and a rise through could take it to the next resistance level of 0.6791. GBP USD GBP traded lower against USD and closed at 1.2786. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or Bearish). According to the Analysis, pair is expected to find support at 1.2646 and a fall through could take it to the next support level of 1.2600. The pair is expected to find its first resistance at 1.2796, and a rise through could take it to the next resistance level of 1.2842. Important Economic Events of the Day · GBP: Consumer Price Index (YoY) (Sep) · GBP: BoEs Governor Carney Speech · USD: Retail Sales Control Group (Sep) · CAD: BoCs Consumer Price Index Core (YoY) (Sep) For More information about the release time of news and its impact visit Economic Calendar Page!
  25. xtreamforex26

    Forex Hedging When trading, all traders are trying to find the best way to minimize risk and increase profits, one way of doing that is through hedging. Hedging is when the same trader opens two positions in the opposing directions. So the same trader will open one position going long on a currency pair, and another position going short on a currency pair. While both positions are open the profit is at zero, but once traders decide the right time to close one or the other then they are ready to go either way (selling or buying) to make the profit. Hedging is done mainly in foreign exchange trading, because it is flexible and allows the trader the right but not the obligation to buy or sell the currency pair at a particular exchange rate when the time feels right. When traders choose to hedge they need to analyse the risk of their hedge, and the types of risk they are taking in the position they are opening, and if it is high or low. Then they need to decide how much they are willing to risk, decide on the most effective strategy and then implement and monitor the position. There are different types of hedging, some much more complex than just direct hedging, and traders can take other approaches when necessary. Some brokers do not allow direct hedging. About XtreamForex XtreamForex is one of the most reputable Forex and commodity Broker Company. XtreamForex Is provides superior forex trading services to all clients. Our company's vision is to grow to be a leading and reliable broker that takes pride in offering the most professional pricing and services to Forex Traders. We are building towards a successful, bright and secure future for our company and are committed to build long-term relationships with our clients.
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