EURUSD Market Update 27 Oct 2021

October 30, 2021Posted inMarket Update
Latest Market Update

The next FOMC Meeting and FOMC economic projections will be held on 04 Nov 2021. In the recent FOMC minutes, it had indicated clearly that Bond Tapering might start soon. Hence, bond tapering is already a high probability event and it has most likely already factored in the forex market. The concern that most traders have is about the timeline for a rate hike. There is a tendency to move rate hike earlier from 2023 to the end of 2022 based on the last FOMC minutes.

How to Handle Risky Moment for Martingale EA

October 27, 2021Posted inTrading Knowledge

In all our Martingale EA, we always put the following quote.

This EA is using Martingale based strategy. All Martingale strategy always has a risk of Margin Call ( MC ).

It is undeniable that all Martingale strategy always has a risk of Margin Call and a lot of time, the margin call is always caused by a series of events, which make it really hard to predict. For example, the EURUSD drops due to bad non-farm payroll, and your EA has already opened 15 orders. Then another weak PMI data from the US and your EA opened another 10 orders. In this case, it already has 25 orders. Lastly, FOMC announced the reduction of interest, and EURUSD drop further and it hits the margin call.

Although the risk of Margin call is unavoided, there are still some options that you can use to manage the risk. This article is to share the options that you can do at this risky moment.

Different ways to profit from Forex Trading for Newbie

October 9, 2021Posted inTrading Knowledge

Forex Trading is always high risk and it takes traders years of experience to be able to consistently profit from Forex Market. If you are a newbie for Forex Trading, how can you be able to profit from Forex Trading in a short period of time?

There are quite a number of ways that can allow Newbie to profit from Forex Trading and it does not need to take years of experience to reach that stage. Here we will discuss 3 main ways for Newbies to profit from Forex Trading.