#EUR/USD# #currencie...from Martin.phan

08 Dec 2022, 10:04 · Views 2,427

#EUR/USD# #currencies: Biggest U.S banks giving recession warnings dampened risk appetite and sent the #dollar back to its strong position after a five month low this week. The dollar index was up to 105.60, beating against #yen to trade at 136.97. #sterling lost ground 0.4% to settle down at $1.2128, followed by a 0.13% decrease in #euro to $1.0460. The #aussie remained buoyed by RBA’s hawkish stance though it was last 0.16% higher at $0.6699. Kiwi edged 0.02% lower to $0.6317. Offshore yuan trade higher at $6.9845, supported by relaxing COVID-19 restrictions.

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Martin.phan

156 Posted · 212 Followers

I am here to talk about my definition, my points of view about Forex market.I am happy to be a part of your profit when my signals can help you!

EUR/USD

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EUR/AUD

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NZDUSD now is in price channel which is not really wide.The price now should wait to absorb money then creates its trend.But the trend short-term now is uptrend.So you guys should consider Buy positions.Our strategy today is just scalping.This moment the market is really hard to predict. +Sell: 0.6391,T/P:0.6375,S/L:0.6400 +Buy:0.6373,T/P:0.6419,S/L:0.63650

Martin.phan

Welcome back to another section discussing the fastest ways to burn your account. Do you know which is the #1 that fresh traders would encounter? IGNORING LEVERAGE. Less experienced traders are often too excited to bet a large amount of money on their standard account while this could be a double-edged sword. If they win the trade, this means they do a good job of making use of leverage. On the other hand, if they fail to make earnings, losing the account is just a matter of time. What we recommend to you is that, DO NOT open a “standard account” when you don’t fully comprehend the market volatility and the principles of leverage. Don't become a loser, or even a debtor, when you don't have enough trading knowledge.

Martin.phan

Don’t confuse margin and leverage. Though their relationship is interdependent, each functions distinctively. Leverage is the ability to control a large amount of money using none or very little of your own money and borrowing the rest. For example, to control a $100,000 position, your broker will set aside $1,000 from your account. Your leverage in ratios is now 100:1 and you have control over $100,000 with only $1,000. Meanwhile, margin is the initial amount of money that you have to deposit into your account in order to start transactions, including leverage uses, with your broker. Margin is usually expressed as a percentage of the full amount of the position. If your broker requires a 2% margin, you have a leverage of 50:1.

Martin.phan

#EUR/USD# #currencies: #dollar appeared to have little support from the jobs reading as traders booked profits while hopes of China reopening boosted risk sentiment. It was at a five-month low, sending its index down 0.18% to 104.28. The #euro and #sterling surpassed almost 0.1% to trade at $1.0547 and $1.2298 respectively. #antipodean currencies also moved in the similar pattern: Aussie was up 0.54% to $0.683 and kiwi added 0.12% to $0.642. Only the #yen weakened 0.11% at 134.46 per dollar.

Martin.phan

#XAU/USD# #commodities: #oilprices gained on Friday in anticipation of 20% lower Russian crude exports from the Baltic region in December, offsetting worries of lower fuel demand due to the looming Arctic storm across the U.S this holiday season. Brent crude and U.S WTI crude traded more than 1% higher at $81.86 and $78.41 per barrel. Amid further demand concerns, China is still the market’s biggest wildcard to reverse the course.

Martin.phan