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AUD/USD falls to the lowest since January 2017

AUD/USD breaks the August low The Australian dollar broke the August low to the worst levels since the first days of 2017. The 20-month low comes on the heels of Westpac raising mortgage rates because of higher global yields. In turn, that makes an RBA hike next year less likely and raises the possibility of…

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Have you heard of the four week rule?

Something to add to your trading arsenal The internet is awash with Forex trading theories, strategies and magic incantations to achieve consistent results on the markets. Although it is likely that some of these have validity and can help traders, many of them cannot prove their efficacy or viability in the long term.

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Top five trader’s mistakes

Article provided by FxPro, an industry-leading online broker regulated by the FCA The best moments for enter and exit the trade looks obviously…оn the retrospective charts. However, reality is much more complicated. What seems like a good moment for reversal at first glance, very often turns out to be a small stop in the midst…

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Technical indicators: Friends or foes?

What can technical analysis do for you Whether to use technical indicators or not is a question that creates great controversy among forex traders. Many traders who relied on technical indicators felt betrayed at some point – by a wrong entry signal or a late exit from the market. indicator allows foreseeing spikes in volatility…

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Forex trading advice – by Reddit

Can Reddit offer anything to traders? What could possibly be the value of advice from an online forum like Reddit? The specific , not only features success stories but horror stories of forex traders “blowing” their accounts in a myriad of ways. It’s like being privy to an extensive trial and error process (most traders…

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Economic data coming up in the European session

Light day on the calendar as UK traders are away Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo  to take into account of services data too as of…