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What’s good E.T Fam? Happy Hump Day! Well Fam, today is the day that we’ve been waiting on. The FOMC meeting has concluded and good ol J Powell has delivered the Fed’s decision. It seems that they’ve chosen to take a bit of a dovish and hawkish approach with things leaning more towards hawkish. Now, I won’t lie to you all, this isn’t the outcome that we hoped for. However, it is indeed an outcome that we knew was possible.
It isn’t particularly bullish, but it’s not particularly a bearish nuke either. Right now, we’re still waiting to see exactly how the markets will react. I’m not taking any drastic actions at the moment. Patience will be the key moving forward. We aren’t expected to see the first rate hike until March.
So, there may be more relief bounces in the near future. There’s also a possibility of the markets stabilizing for the time being, but it’s still a shaky situation. Don’t fret. The plan is to keep bringing you all useful content and to continue building. This is the moment where the cream will rise to the top, and the weak will fade away.
Those who stay engaged in this space will be rewarded. Stay engaged Fam! Take care!
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DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
Some Disciplines For Successful Forex Trading
To become a successful Forex trader, you’re going to need the following 7 trails. You’ll never be perfect, but keep a keen mind to develop these characteristics.
Learning To Do Forex Trading Using Forex Demo AccountThe Forex market is considered as biggest money making option and is the largest financial market with daily turn over worth more than 3 trillion dollars. If you think about commencing your own Forex trading business, and you are not aware about the rules and strategies involved with Forex trading, you can think about opening a free Forex Demo account which you can use for practicing Forex trading.
A Good Trader Has Rules – Here Is My Short ListTraders need to have a set of rules that they follow without any exception, this will make them more disciplined and successful. Here I present a list of some of those rule which I think are important.
Moving Your Stop In A Forex TradeMoving your stop loss in a forex trade is extremely important to understand. This is a part of trade management, and can be the defining difference on whether or not you’re a successful currency trader!
Forex Vs StockForex or Foreign Exchange has gained a large popularity over the traders in the market, and many investors are shifting from the Stock to Forex. There are considerable reasons that neither affect nor influence these vast shifts in the market. For once there is a big difference between Forex and the Stock market, and these collected differences sums up to a larger probability and chances of increasing ones profit in the shortest period of time.
