Monday, November 9, 2020

💬 “Is It True That Only Big Banks and Corporations Make Money in Forex?” | Here’s What Happened to USD, GBP, and EUR This Past Week

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
November 8, 2020
Here's what happened to USD last week
The U.S. elections seems to have had a positive effect of risk sentiment, driving traders away big time from the U.S. dollar.
What is a Japanese candlestick?
In this School of Pipsology lesson, we show you the what Japanese candlesticks are and who Steve Nison is.
Here's what drove EUR and CHF's price action last week
EUR gained against the safe havens while the CHF was broadly lower on the week, suggesting that price action was mainly driven by this week’s risk-on lean in the financial markets.
Gain and loss percentage calculator
Not sure how well (or poorly) your trade went? Our gain and loss percentage calculator quickly tells you what percentage of your account balance that you have won or lost.
How the British pound ended up a net loser last week

GBP was driven by a mix of drivers including a renewed U.K. lockdown, expectations of more stimulus, and as always….Brexit headlines. Here's Pip Diddy with a recap.

"Do you agree that small retail traders lose money and only brokers profit?"
Forum member oxygencanbreath writes, "I found on Google that majority of retail traders (97%) lose... And that only the hedge fund managers, big banks and corporations make money in FX."
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