Friday, September 25, 2020

💬 “Why People Think Trading is Gambling” | Are You Addicted to Forex Trading? 8 Questions to Ask Yourself.

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 25, 2020
Trading opportunities on CAD/JPY and GBP/CHF
Get your last-minute pips in by checking out these triangle continuation and breakout plays on CAD/JPY and GBP/CHF!
FX Lesson: Ever heard of the Bloomberg Dollar Spot Index?
The Bloomberg Dollar Spot Index (BBDXY) tracks the performance of a basket of 10 global currencies against the U.S. dollar. Learn more about this index in this forex lesson.
Trading term of the day: Inflation
Inflation is the rise of the overall prices of goods and services over a certain period in time. As the general level of prices climbs, the purchasing power for each unit of currency declines.
Which among the major pairs are ending the week bearish/bullish?

According to MarketMilk's short-term trend strength data, it looks like only two pairs are in the bullish territory: USD/CHF and USD/CAD! Take a closer look:

Are you addicted to forex trading?
How do you know if you’re already addicted to trading and not just passionate about it? Here are a few questions you should consider asking yourself.
"Why people think trading is gambling"

Forum member mario.forex writes about what people told him when he started trading: “Are you serious? It is gambling man.” and “I would rather to go to the casino and enjoy it if I’m gonna lose my money." Read more about his experience. 👇

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