Saturday, September 5, 2020

🧠 Trading Term of the Day: Exponential Moving Average (EMA) | Here’s What Happened to NZD and AUD This Week

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 4, 2020
Here's what happened to the Kiwi this week
Positive risk sentiment and counter currency flows helped the Kiwi overcome falling commodity prices and net negative economic updates. Here's a quick recap.
Trading term of the day: Exponential Moving Average (EMA)
EMA is a type of moving average (MA) that places more weight and significance on the most recent prices. Here's how to use EMA for trading.
Why the Aussie was this week's worst performer
After a positive start to the week, the Aussie dollar was hit with a steady stream of disappointing economic updates from Australia. Here's Pip Diddy with a quick list of all that.
A look at the major pairs' price performance this week

Looks like USD/CHF took the lead this week with USD/CAD taking the bottom spot. Take a closer look at the data using MarketMilk™:

3 biggest life lessons you can learn from forex trading
Trading isn't just all about the money. It also comes with a lot of non-monetary benefits that are just as valuable (if not more) as potential capital gains. Here are three of its biggest benefits.
"How do experienced traders set stop losses for 1H and 4H time frames?"

Forum member tjaffer writes, "A FX pair at support or resistance can move 1D worth of pips even though looking at 1H or 4H. How do experienced traders set their stop losses?"

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