Friday, November 6, 2020

๐Ÿ—“️ Here’s What Happened to AUD, JPY, and NZD This Past Week | “How Do You Deal with Bad Trading Days?”

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
November 6, 2020
What is a trading plan?
If we've not said it enough, we'll say it again: Don’t follow someone else’s trading advice blindly! Here's why you need to have your own personalized trading plan.
The Australian dollar takes the top spot this week
AUD's great week was due in part to a rise in positive risk sentiment, a weak U.S. dollar, and positive economic updates from Australia. Here's Pip Diddy with a recap!
Here's what happened to the Kiwi this week
Kiwi bulls have a net positive week, and with no major bullish catalysts from New Zealand, it’s likely the positive vibes came from positive broad risk sentiment and counter currency flows. 
Which major pair took the top spot this week?
Looking at MarketMilk's price change comparison table for the major pairs' price performance this week, it looks like EUR/USD took the top spot! Check it:

The yen took a steady beating this week

All thanks to a bounce back in positive risk sentiment, mainly driven by uncertainty fading away over the U.S. elections. Here's Pip Diddy with a list of events that moved JPY this week.

"How do you deal with bad trading days?"
Forum member DonHemlock asks, "Do you have days when the market just won’t follow your trading strategy and it just seems to be out to get you no matter how careful you plan your trades?"
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