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…
Trading Tips & Advice
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…
Should We Expect a FX Flight to Safety in July 2020?
Now that COVID-19 cases seem to be accelerated, there’s a wide debate on the US dollar and its ability to rise again as things can get worse. Some argue that…
How to Use Online Information to Trade FX Better
Retail traders are often looking for information online, believe their expertise is not good enough to find trading opportunities constantly. Although that might be the case sometimes, the online world…
US Dollar Jumps As Second-Wave Fears Emerge
The rhetoric around the first wave of coronavirus infections is not done yet and already cases are rising again in the United States. Florida, California, and Texas are just some…
EURUSD Keeps Pushing Higher – Sustainable?
Things changed completely over the past two months for the most popular FX pair. After almost reaching the 1.06 area in March, the price had rebounded impulsively, currently sitting around…
The Importance of Timing for FX Traders
Timing our trades is one of the most important aspects, but not all retail traders seem to understand why it’s important. They’ve struggled so much to generate profits that their…