Sunday, August 2, 2020

🗓️ Weekly Review: GBP Took the Top Spot, Rough Week for USD | 5 Basic Ways You Can Use Heiken Ashi Charts in Your Trading

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 2, 2020
Here's what happened to the U.S. dollar last week
Another rough week for USD as the FOMC event, uncertainty with the next U.S. government stimulus, and increasing coronavirus fears continued to weigh on the Greenback.
5 basic ways you can use Heiken Ashi charts in your trading
Heikin Ashi allows traders to look for the emergence of new trends or for the reversal of already existing trends. In this forex lesson, we give you five ways of using this chart type!
Trading Term of the Day: LIBOR

LIBOR, or the London Interbank Offered Rate, is a benchmark that dictates daily interest rates on loans and financial instruments around the world.

Here's how the British pound took the top spot last week

The British pound easily takes the top spot this week among the major currencies, riding higher on counter currency weakness and improving U.K. economic updates.

"Has anyone seen success with switching from shorter (5 min) to longer (1 day) trading time frames?"

Forum member jjlindemanj writes, "Who here went from trading low time frames (5 min, 15 min, and 1 hr) to longer time frames and saw greater success with less trading?"

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