US Dollar Inflows Ahead of November 3rd?
Despite the importance of the November 3rd US Presidential Election, the US dollar had been under pressure since the end of September, mainly influenced by the prospects of the new…
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How Should You Treat FX Trading Bonuses?
For years brokers had been trying to attract more customers by offering no deposit or deposit bonuses, but despite increased interest from retail traders, it is important to take note…
Pressure Mounts on the Dollar due to Stimulus Prospects
Even though the US election is now closer and uncertainty is expected to rise near the event, the currency market had been mainly driven by US stimulus talks. Faced with…
Japanese Yen Continues to Strengthen – More Room for Growth?
The Japanese Yet is again of the favorite currencies among FX traders, considering several supporting factors that had gradually unwind over the past few weeks. Trading the Yen had proven…
Why US Dollar Bears Could Take a Hit During Q4 2020?
The Federal Reserve interventions this year had managed to calm the funding stress that emerged in March and since then, the US dollar weakened against most of its competitors. With…
Top Reasons Supporting Further Pound Weakness
The past several days had been very bearish for the Pound as the risk sentiment deteriorated abruptly once the Brexit saga took another bad turn. Since the impulsiveness of the…
Risk Currencies Retreat – Market Caution?
The month of August had been very mild in terms of the currency market activity, but once September kicked in, major currencies had started to retreat from the highs. As…
Should You Use Expert Advisors to trade FX?
Forex traders using trading software from MetaQuotes (MT4 or MT5) can benefit from Expert Advisors or automated trading software that can handle placing market orders. However, even though EAs can…
How Much FX Traders Should Risk per Trade?
Given the title of the current material represents one of the most common questions among retail forex traders, we at 24ForexSecrets would like to dedicate this article on the matter,…
Forex Trading Guide for August 2020
The 2020 summer resembles some of the past years, even though the world is hit by a pandemic. If we talk about the FX market, risks had diminished and as…
Cable (GBPUSD) Slows Around 1.30 – Correction Ahead?
Cable, one of the popular FX pairs, had quite an impressive run since the end of March when it bottomed around 1.14. Since then, the pair had managed to gradually…
Why FX Conditions Can Deteriorate in the Months Ahead?
The market sentiment is now “risk-on”, which pretty obvious considering the US dollar continues to lose ground, while currencies like Euro or the Pound continue to gain. However, this market…
Pros and Cons of Trading Exotic FX Pairs in 2020
There are a lot of FX traders focusing on exotic pairs during the summer, mainly because the daily ranges of the majors are dropping and thus the potential to find…
Things about FX Trading Execution When Volatility Rises
The FX market had been more active this year, as most of the other asset classes, mainly due to the COVID-19 pandemic, but since we’ve had several years of calm…
How FX Traders Should Manage Losses?
One of the things traders have to learn how to deal is losing trades. Although in theory, this looks like an easy process, once our emotional reactions kick in, we…