Sunday, October 11, 2020

💬 Why These Traders Don’t Recommend Copy Trading | Here’s What Happened to USD, JPY, and AUD This Past Week

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 11, 2020
Why the U.S. dollar ended the week as a big loser
USD had rising positive risk sentiment to thank for its terrible performance this past week. Here's Pip Diddy with a list of factors that likely contributed to that.
Trading term of the day: Risk appetite
Risk appetite is a gauge of how "risk hungry" traders are. If risk sentiment is up and times are good, risk appetite grows and traders are more willing to buy potentially more volatile assets.
If USD had a bad week, JPY had it much worse

JPY came in as the biggest loser as risk sentiment swung positive, likely due to traders pricing in high hopes of more stimulus coming to help the global recovery. 

Here's what happened to the Canadian dollar

CAD was the top major this week, benefitting from a broadly risk-on vibe and rising oil prices, while ignoring mostly disappointing economic updates from Canada.

"What's wrong with copy trading?"

Forum member danforex333 writes, "Isn’t copy trading the best choice when you want a high income/hour?" Read through what other traders have written in response to his question. 👇

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