Discover and read the best of Twitter Threads about #forextrading

Most recents (24)

"Lending someone money to get double the money after 3 years.
Sounds interesting.
🤔"

I posted this on my Whatsapp status and some people actually said that doubling your money in 3 years isn't a good Idea?

Someone even said anything that doesn't double his money in 1 year - ❌
I laughed...😅😂😂

Before I start explaining, I want to make some points.

1. If you networth is less than $1m, you are prolly a gambler. Yh, we are basically looking for things to multiply small money fast. That's gambling, and not what Real Investors do with all their money
2. There's a difference between making money (via a job or some'n) and investing money to make money.

3. There are many things that can double your money overnight, even scams. We know! the question is the sustainability.

You can find a Crypto, Stock, Startup that can 10x but..
Read 9 tweets
Hi!

I just finished a workout & it's time for a quick recap of the NY session & chart run through

WORD: The price action went quiet today 📉📈📊

Let's begin 👇

#forextrading #forextrader #pati
@uk2asia @priceactionkim
• EU: ranging; price broke up (I missed it) & immediately went sideways, closing back in the range. Fresh break gave +15 before chopping

• EJ: CDM long, entry 30 mins bf our planning & a good trade +25. I took it & punched out for +2 missing the meat of the move ---duhhh!
• AU: CDM long. I took a YL trade before the planning session to be stopped out -10, pair went into a range

• AJ: CDM long. I took a YL trade before the planning & punched out -5, pair went into a range
Read 7 tweets
Hi! I'm back from a great workout---what'd I miss? 🤣🤣

I'm going to do a quick recap/run through on our charts & our trades

#forextrading #forextrader #pati
@uk2asia @priceactionkim
EU: the RBO that hit during our trade planning hit the target down @ 20 --you either booked on the pullback or held I booked -3 and +16 for +13

EJ: ranging price action --the pair tried to break to the upside. I took the break & closed for -6
AU: the CDM held during the planning session and took off almost to the ultimate target @ "00" I booked +29

AJ: CDM held but the pair never really moved - it went into the dreaded drift. I booked +14
Read 5 tweets
Forex trading over the internet is picking up fast pace in today's world. The world-wide web has created a global village where people from all parts of the world can come together and meet in one place. Traders can discuss new ideas with each other.
#forex
Prospective buyers and sellers can easily get connected to the trading indexes scattered all across the world. This allows them to get first-hand knowledge of the prices of commodities as well as the values of the currencies that are being traded.
independentinvestor.com/forex/
Special online forex forums provide helpful markers, such as graphical plotting and charts, which can prove to be quite useful for foreign-currency traders. However, not all forex forums present on the world-wide web can provide their customers with reasonable and services.
Read 10 tweets
Let's explore the methods how a new forex trader can trade currencies like a professional and prevent potential losses. Here are 3 important tips from experts that'll help you make money from forex trading.
#forex #forextrader
independentinvestor.com/forex/tips/ Image
#1 Do some research on the market before investing a penny. If you're good at buying and selling currencies and know the right time, you'll make profit from the trading. Do some research and prepare yourself for a competitive market of currency trading.
#2 Follow the market leaders and social signals carefully. You should learn about the market trends. Following the market leaders and expert traders will help you understand the trend more comprehensively. You should also follow the social signals.
Read 9 tweets
Trading strategy 1/n
1. Shortlist stocks above 100 DMA
2. Spot the ones that take support at 10 DMA
#nifty50 #NIFTYFUTURE #Nifty #daytrading #Sensex #NSE #tradingtips #banknifty #StockMarket #StocksToWatch #investing #NSE #stocks #StocksToBuy #forextrading #forex #ICICI #buyback
Trading strategy 2/n:
3. Limit Buy 2% below the 10 DMA support
4. SL at 1.5 ATR or exit after 5 trading days or when 3 day RSI above 50 #nifty50 #NIFTYFUTURE #Nifty #daytrading #Sensex #NSE #tradingtips #banknifty #StockMarket #StocksToWatch #investing #NSE #stocks #StocksToBuy
Read 5 tweets
Many of the reasons some people use to avoid giving the forex market a try may have some merit, but most of them are excuses. I know the forex market is a good alternative. Lets take a look to some of the main excuses.
#forex #forextrader #forextrading
independentinvestor.com/forex/advantag… Image
1. I don't have money to save and invest.
You don't need to be rich to trade the Forex Market. One of the main advantages of currency trading is the minimal capital needed to open and fund your account. You might be able to start trading with only $10 dollars.
2. Trading is too risky.
There is the same amount of risk involved in trading the forex market as there is on anything else in life. As long as you are prepared you can keep your risks under control.
independentinvestor.com/forex/disadvan…
Read 6 tweets
Danske Bank 1/4: #EURUSD finished last week slightly below 1.19, having rallied since Easter. This week, focus will likely turn to US inflation, which is set to accelerate towards 2.5% as well as a number of #Fed speeches.
#forex #forextrade #forextrading #fxstreet #trading
Danske Bank 2/4: Naturally, market will also focus if dollar weakness can be sustained further. With inflation set to rise and the theme of repricing yields having stalled, there may be scope for Fed to push the dollar lower here.
Danske Bank 3/4: In our base case, though, we see levels above 1.19 as good for selling #EURUSD.
#EURGBP continues to trade below 0.87 amid AstraZeneca issues, lower vaccine deliveries, Northern Ireland riots and the upcoming Scottish Parliament election on 6 May.
Read 4 tweets
IF YOU ARE LOOKING FOR A WAY TO MAKE 10 MILLION NAIRA WITHOUT LIFTING A FINGER, THEN THIS MESSAGE IS NOT FOR YOU. DON'T BOTHER READING ANY FURTHER.

A THREAD!

#forex #forextrading #WagwanXFallForMe #Laycon #FreePamilerin Paystack Flutterwavve
FOR ADULTS READY TO DO THE WORK: "HOW TO SET UP YOUR OWN 50 MILLION NAIRA CURRENCY TRADING BUSINESS IN FOREX TRADING." AND I’M NOT GOING TO INSULT YOUR INTELLIGENCE BY TELLING YOU CAN MAKE THAT KIND Of MONEY EVERY YEAR WITHOUT LIFTING A FINGER
AS WE ALL KNOW, FOREX TRADING IS ONE OF THE BIGGEST ONLINE TRADING IN THE WORLD. AROUND $6.5 TRILLION TRADES EACH DAY ON THE FOREX MARKET ACCORDING TO THE 2019 TRIENNIAL CENTRAL BANK SURVEY.
Read 4 tweets
1/TrackRecord's Market Musings😎: Fed Puts Ball Firmly In Congress’ Court

22nd Sep, POWELL: “Many of our programs rely on emergency lending powers that require the support of the Treasury Department and are available only in unusual circumstances.”
2/23rd Sep, POWELL: “Have done basically all of the things that we can think of”
3/24th Sep, POWELL: “While households are spending now, perhaps using what's left of money from the $2.3 trillion package passed by Congress in Mar, the risk is they will go through that money, ultimately, and hv to cut back on spending and maybe lose their home or their lease...
Read 8 tweets
The Swiss National Bank will have its meeting today, and with Switzerland having fallen back into deflation, markets are pricing in a 30% chance for a small rate cut.
That said, the SNB already boasts the lowest rates worldwide, so it is unlikely to cut any deeper as running out of policy ammunition would risk generating a negative expectations loop. Instead, it will probably stick to huge FX interventions.
The CHF may tick higher if the SNB does not indicate any interest in rate cuts or even a thought to it, but any rally might not be sustained for long.

FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list

#MakingSenseofHeadlines #MacroEconomics #TrackRecordDaily #ForexTrading #GlobalMacro #SNB
Read 3 tweets
TrackRecord's Market Musings😎: 5 Risk Factors We See Affecting Markets Leading Up To Nov 3rd Elections.

Thread Below ⬇️
1⃣: China Blacklists: China is threatening to blacklist US companies in retaliation for Huawei, Tiktok and Wechat bans. For now, China seems to be waiting till the next President is confirmed...
... Chinese consumer and manufacturing base is still key for some Big Tech U.S. companies. And Big Tech makes up a sizable portion of U.S. market capitalization.
Read 10 tweets
DAY AHEAD: EUROPEAN PMIs

Any disappointment from the PMI data could temper the EUR rally. The single currency has been moving sideways during September as investors scale back some of their more optimistic forecasts for the Eurozone economy.
If the data fail to provide clear signals, the EUR is likely to extend its consolidation. However, strong surprises, whether positive or negative, have the potential to break this trading range as a clearer picture would emerge about where growth is headed in Q4.
Read 3 tweets
1/TrackRecord's Observation of the Day 💭: Winter Is Coming

We are on the precipice of a perfect confluence of forces that will result in unprecedented volatility in the coming months.
2/As winter is literally coming, there is a good chance Covid-19 will come back with a vengeance, can governments afford the economic brunt of another lockdown?
3/One of the reasons for yesterday’s selloff was this fear and main street is well aware of the economic impact (Jobs gets decimated).
Read 7 tweets
1/The death of Justice Ruth Bader Ginsburg less than two months before the presidential election tosses one more lit match into the tinderbox of national politics in 2020:
2/It will surely inflame a deeply polarised country already riven by a deadly pandemic, a steep economic downturn, and civil unrest in its major cities.

In Washington, the vacancy fight could ratchet up tensions to a level unseen even in the tumultuous Trump era.
3/He could also become the first president since Richard Nixon to install three justices on the high court in a single four-year term.

A successful GOP effort to replace Ginsburg with a conservative before or immediately after a Democratic victory will almost certainly lead to..
Read 5 tweets
1/TrackRecord's Market Observation of the Day 💭: Quad Witching Friday

Quadruple witching occurs on the third Friday of the month of every quarter (highest volatility occurs in the last hour of trading between 3:00pm - 4:00pm EST) , in March, June, September, and December. Image
2/It refers to the simultaneous expiration of single-stock options, single-stock futures, and stock-index options and stock-index futures which are settled at 4:00 p.m. Eastern Time.
3/Options volumes tend to be particularly elevated during quad-witching periods, which may also account for some of the choppiness anecdotally associated with September as the worst-performing month (for stock markets).
Read 4 tweets
1/It’s an action-packed week, with three major central bank meetings, the election over who will become Japan’s next leader, and an overload of key economic data. The Fed decision will be crucial (Thu). Image
2/Will the central bank reinforce its new inflation regime by signalling imminent stimulus, or will it sit back until the US election has passed? Neither the Bank of England (Thu) nor the Bank of Japan (Thu) is likely to act.
3/Instead, those currencies may be driven mostly by how the Brexit saga and global risk sentiment evolve.

FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list

#GlobalMacroAtaGlance #MacroEconomics #TR2min #ForexTrading #GlobalMacroAnalysis #BoJ #BoE
Read 3 tweets
1/#GreenInitiative will be the narrative that underpins the need for unlimited fiscal spending to aid manufacturing and growth. The continent that is leading the charge in this theme is Europe.
2/They have been strongest advocates for carbon emissions, carbon tax, carbon credits (& Greta Thunberg). It’s a narrative that sticks and one that makes unlimited fiscal spending justifiable (for the good of humanity), this will be an emerging and huge theme going forward.
3/Assets that will benefit from this “Green Narrative” are #Uranium, and Uranium rich countries like Australia ($AUD) and Canada ($CAD).

FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list #GlobalMacroAtaGlance

#MacroEconomics #TR2min #ForexTrading #GlobalMacroAnalysis
Read 3 tweets
For now, the sell-off seems pretty much limited to leveraged players from ST speculators & in particular e retail sector. The HNW sector which typically would be killed in such a sell-off has reportedly been running v low leveraged since bloodbath in Mar. medium.com/global-macro-a…
However, increasing vol is nv a good thing especially when it’s accelerating down moves in stock markets. With the Nov election looming, Trump can ill-afford an end to the bullish stock market which he has consistently brandished as the barometer of the success of his policies.
Read 3 tweets
1/The virus rages on and it seems that countries are putting their economies first. A vaccine is paramount to a safe economic recovery.
2/The key to note here is that pharmaceuticals are considering how to price their vaccines and this is a highly positive nuance as a potent vaccine will have far reaching positive effects due to its “affordability”.
3/Any success in Phase III trials will be massively bullish for risk-assets, especially cyclical stocks (airlines, hospitality and construction).

FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list

#GlobalMacroAtaGlance #MacroEconomics #TR2min #ForexTrading #GlobalMacroAnalysis
Read 3 tweets
EVENTS TO WATCH TODAY: 4 Sept 2020

1) U.S. Nonfarm Payrolls:

The consensus is for the US economy to have added another 1.4 million jobs in August, which would push the unemployment rate down to 9.8%, from 10.2% previously. Image
That would still leave the unemployment rate just beneath its peak from the 2008 financial crisis, so even though this is a step in the right direction, there are still miles to go before the labour market truly recovers.
More importantly, this report will capture the mid-July to mid-August period, when infections were on the rise and several states rolled back their reopening plans, causing high-frequency indicators to lose steam.
Read 6 tweets
1/TrackRecord's Market Observation of the Day 💭: Does Fundamentals or Positioning Drive Prices?

There’s hardly been any significant headlines in the last few days, but markets have been moving quite actively. Image
2/This is the best time to try to figure out what the speculators and investors are positioned in the market.

Every sell-off in the Nasdaq has been brief, and the recovery, swift. This implies a market that is not fully invested and that dip-buyers are still strongly in control
3/The USD has strengthened from the lows despite a strong equity market (which usually leads to a weaker USD due to a strong risk sentiment), and US yields retracing from recent highs.
Read 7 tweets
TrackRecord's Market Observation of the Day 💭: Getting “Trumped”

1/Trump is a media and situational extraordinaire, turning compromising situations into winning propositions for himself. Image
2/He did it in the last election and Nov 3, 2020 is setting up to be another tight showdown should the riots and civil unrest in America continues. There is a gradual shift in the electorate sentiment, with Trump cutting into the lead of Democratic rival, Joe Biden.
3/The cause for Trump’s resurgence could be the huge riots incited by the Left - turning into an unofficial Civil War. This bucked the Biden trend and changed the narrative as it now paints Trump supporters and himself as the lesser evil.
Read 4 tweets
1/This is a key and strategic move by the U.S., using Taiwan to set up a geopolitical and political tripwire to further antagonize and stifle Chinese ambitions In East Asia.
2/The fact that Washington is bound by law to rise to Taiwan’s defence is hugely unsettling for China and this will lead to more widespread repercussions. We are deeply entrenched in the Sino-American Thucydides Trap.
3/Understanding how to live and invest in a multi-polar world is increasingly important as new economic factions will emerge from this.

FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list

#GlobalMacroAtaGlance #MacroEconomics #TR2min #ForexTrading #GlobalMacroAnalysis
Read 3 tweets

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