And watch the most common trading mistakes pt. 2
| |  | | Especially for you this week: | | 1. Limit and Stop orders | | 2. Common trading mistakes: Part 2 | | 3. Weekly economic calendar | | 4. US dollar: still the king? | | 5. Weekly outlook | | | |  | | ARTICLE | | Using Limit and Stop orders wisely | | Today’s article is dedicated to orders that help traders avoid the bad consequences of drastic price swings. Limit Order and Stop Order may seem the same — both are executed at a specified price. However, there’s a fair difference, and our analysts will cast light on when it’s more appropriate to use each of the orders. | | Click the button below and get a weekly portion of insightful analytics! | | | | | |  | | VIDEO LESSON | | Mistakes that ruin your trading: Part 2 | | Two weeks ago, FBS analyst Eduard Melkostupov highlighted five common mistakes traders make. We hope the video was of assistance, but that was just the first part. | | Our today’s video will complete the top 10 mistakes series. After you hit the «Watch now» button, Eduard will guide you through another five things that are likely to hinder you from making a profit. | | | | |  | | | | September 1, 17:00 MT time | | US ISM Manufacturing PMI | | If the indicator is greater than the forecasts, the USD will strengthen. | | Trade EURUSD, XAUUSD, USDJPY | | | | | | * MetaTrader time (MT time) is the server time of the trading platform — MetaTrader. It's the same as GMT+3. | | Check MT time at the top of the 'Market Watch' window or on the time axis of the price chart with the 1-minute timeframe. |  | | | To see MT time in the mobile app, go to the 'Quotes' screen. For MetaTrader 5, it's placed under a currency pair. For MetaTrader 4, in the 'Advanced' section, above a currency pair. | | |  | | US dollar: still the king? | | The US dollar index, which tracks the dynamics of the greenback versus the currencies of America's key trading partners, rose to 2-decade highs in the 109.00 area. From this zone, the USD reversed down at the beginning of July. | | Even though the US currency may experience short-term fluctuations, it should remain in demand as traders wait for further rate hikes from the Federal Reserve. Even though many central banks are to raise rates in September and thus help their national currencies, the United States may be in better shape than other major economies. | | Looking forward, we can expect the US dollar to remain strong versus the Japanese yen as the Bank of Japan is falling behind other central banks in raising interest rates. EURUSD may stay within the overall downtrend because the Eurozone is exposed to multiple political and economic risks. Resistance for the pair lies at 1,0250/1.0300. | | | | | | Weekly outlook | | New video is out now! | | August 30 — September 2 | | Forex news coverage & trading tips | | |  | Go to FBS website and learn how to start trading on Forex | |  | | We love analytics. Do you? |  | Oil's support: Saudi Arabia's minister said that OPEC+ might need to tighten oil output to stabilize the market. XBRUSD was above 100.00. | |  | Bad news for JPY: The Bank of Japan Governor plans to maintain the ultra-soft monetary policy in the upcoming months even if inflation rises to 3%. | |  | Bears in control: Right after the main crypto declined to $21.0K, Bitcoin Fear & Greed index moved below 30, which is a sign of fear in the market. | | | Want more insights into the trading world? FBS analysts share them on our Telegram channel. Hurry up to subscribe and start trading like a pro! | | Get ready to trade your best | | | | | | Help Center | Personal Area | | You received this email because you registered at fbs.com. If you have any questions, please contact us via email at support@fbs.com. | | | | Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. | | | | Web Version | Unsubscribe | About FBS | | FBS is always by your side since 2009 | | | |
Comments
Post a Comment