Share 2 best things you learnt from forex

[Rafiqullah11]

As for other currencies, EUR/USD performed well, capped on a number of attempts through 1.2520, closing up 0.82% on the day, having posted a daily high at 1.2523 and low at 1.2385. The single currency was bid in European trade and rallied away from the 10-D SMA at 1.2368 to open the NY session at 1.2425. The EZ currency was supported by flows through EUR/JPY, although bulls were unable to keep up the pace when the optimistic Atlanta Fed's latest Q1 GDP forecast was arriving in at 5.4 vs prior 4.2%, boosting the greenback before a rerun back to 1.25 again vs the euro. Eyes will now turn to the EZ Dec PPI ahead of the US nonfarm payrolls report.

[Rafiqullah11]

The benchmark US 10yr treasury yields rose from 2.72% to 2.79% - another fresh high since April 2014, while 2yr yields ranged between 2.14% and 2.17% - the latter the highest since 2008. The Fed fund futures have priced price the chance of another rate hike in March by 100%.

The Atlanta Fed upgraded its model prediction for Q1 GDP from 4.2% to 5.4% (annualised). Otherwise, data was mixed. Markit manufacturing PMI arrived at 55.5 (vs 54.9) while the ISM manufacturing index reached 59.1 (vs 58.8). Details of the ISM included a decline in the employment index to 54.2 from 57.2 and a slide in the new orders index to 65.4% from 67.4%.

[punjabpolice]

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[Rafiqullah11]

Despite higher yields, the US dollar was mostly lower with the DXY dropping to fresh lows within a day's range of between 88.555 - 89.328 (heavily weighted to the euro, lowest level in more than four years).

The political environment remains a catalyst in the FX space with continued concerns over the deficit spending requirements while otherwise, traders are now focused on the forthcoming nonfarm payrolls data on Friday.

Markets are also concerned about the resurgent inflation picture, coupled with tightness in the labour market which should be compelling in respect to the Fed's path of interest rate hikes going forward. (30-year Treasury bond touched 3% today, its highest level since May).

[khansanoor]

In this business you learn many things I learn 2 thing 1st have patient and 2nd avoid greed and you learn how you earn the money and learn about the money management

[jellybelly2017]

i am learning from the forex my dear bro first is no more greed in the trading and second is my bro i felt it was time to reflect a little and point out things that you can take action on forex

[rehanayaz2]

Yes my dear Forex trader I agree with you mai aap se sehmat hoon Jo aapne submission share Ki Hai Wo bahut hi acchi hai is se Hame bahut hi accha Paida Hota Hai Hum new trailer hai main Forex se wait karna Sikha hai. Sabse Pehle banana padta hai

[Abniali05]

The first thing i have learned here in the forex market is that my dear never goes greedy take even the small earning
as well and accept it and the other is if you sure about the trend that it will goes again you then close your positions.

[kaval]

I have learned many good things in the forex market, but the best two I would appreciate
is the fact that I teach me not to lose hope in hopeless situations, and to work hard
for any thing is probably just that mindset
and a willingness to succeed will do wonders

[mulia]

The two most important things I learned from forex trading business is to have principles
and sufficient discipline in life. This will not only help in the trading process
but will also help the traders in their personal lives
as well as to live a good life in the future.