Eight OPEC+ members are expected on Sunday to approve an oil output increase of as much as 548,000 barrels per day (bpd) in September. Another person said discussions on the size of the increase were ongoing and the final hike could be smaller.#SharingTradingMistakesAndGrowth

Eight OPEC+ members are expected on Sunday to approve an oil output increase of as much as 548,000 barrels per day (bpd) in September. Another person said discussions on the size of the increase were ongoing and the final hike could be smaller.#SharingTradingMistakesAndGrowth

Oil prices tumbled about $2 on Friday as investors worried that OPEC+ might increase oil production and a weaker-than-expected U.S. jobs report heightened demand concerns.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Oil prices tumbled about $2 on Friday as investors worried that OPEC+ might increase oil production and a weaker-than-expected U.S. jobs report heightened demand concerns.#SharingTradingMistakesAndGrowth#BrokerEvaluation

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Market participants currently expect the Fed to cut interest rates twice before the end of the year, with the first cut in September. Earlier this week, the Fed kept its benchmark interest rate target range unchanged at 4.25% to 4.50%, with Fed Chairman Powell stating that "we haven't made any decisions about September yet."#SharingTradingMistakesAndGrowth#BrokerEvaluation

Market participants currently expect the Fed to cut interest rates twice before the end of the year, with the first cut in September. Earlier this week, the Fed kept its benchmark interest rate target range unchanged at 4.25% to 4.50%, with Fed Chairman Powell stating that "we haven't made any decisions about September yet."#SharingTradingMistakesAndGrowth#BrokerEvaluation

This increases the likelihood that the Federal Reserve will cut interest rates later this year. Gold is a non-yielding asset that tends to perform well in a low-interest rate environment. The U.S. Bureau of Labor Statistics said U.S. job growth slowed more than expected in July, with nonfarm payrolls increasing by 73,000 jobs after a downwardly revised 14,000 increase in June.#SharingTradingMistakesAndGrowth

This increases the likelihood that the Federal Reserve will cut interest rates later this year. Gold is a non-yielding asset that tends to perform well in a low-interest rate environment. The U.S. Bureau of Labor Statistics said U.S. job growth slowed more than expected in July, with nonfarm payrolls increasing by 73,000 jobs after a downwardly revised 14,000 increase in June.#SharingTradingMistakesAndGrowth

Amazon เป็นตัวฉุดดัชนีอุตสาหกรรมดาวโจนส์ S&P 500 และ Nasdaq มากที่สุด และทำให้กลุ่มสินค้าฟุ่มเฟือยลดลงเกือบ 3.6% ซึ่งถือเป็นผลงานที่แย่ที่สุดในบรรดา 11 กลุ่มสินค้าหลัก#SharingTradingMistakesAndGrowth#BrokerEvaluation

Amazon เป็นตัวฉุดดัชนีอุตสาหกรรมดาวโจนส์ S&P 500 และ Nasdaq มากที่สุด และทำให้กลุ่มสินค้าฟุ่มเฟือยลดลงเกือบ 3.6% ซึ่งถือเป็นผลงานที่แย่ที่สุดในบรรดา 11 กลุ่มสินค้าหลัก#SharingTradingMistakesAndGrowth#BrokerEvaluation

The Dow Jones Industrial Average fell 1.23% to 43,588.58, the S&P 500 dropped 1.60% to 6,238.01, and the Nasdaq dropped 2.24% to 20,650.13.

The Dow Jones Industrial Average fell 1.23% to 43,588.58, the S&P 500 dropped 1.60% to 6,238.01, and the Nasdaq dropped 2.24% to 20,650.13.

Market expectations for a 86.5% chance the Fed will cut interest rates by at least a quarter point at its September meeting were up from 37.7% the previous session, according to CME's FedWatch tool.

Market expectations for a 86.5% chance the Fed will cut interest rates by at least a quarter point at its September meeting were up from 37.7% the previous session, according to CME's FedWatch tool.

U.S. crude oil traded around $66.92 per barrel. OPEC+ reached a consensus on Sunday and decided to complete the original one-year production recovery plan ahead of schedule in September this year, significantly increasing crude oil production by 548,000 barrels per day.#SharingTradingMistakesAndGrowth#BrokerEvaluation

U.S. crude oil traded around $66.92 per barrel. OPEC+ reached a consensus on Sunday and decided to complete the original one-year production recovery plan ahead of schedule in September this year, significantly increasing crude oil production by 548,000 barrels per day.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Spot gold was trading around $3,357.60 an ounce. Gold prices rose nearly 2% on Friday, hitting a one-week high, as weaker-than-expected U.S. non-farm payroll data boosted expectations of a Federal Reserve rate cut, while new tariff announcements stimulated safe-haven demand.#BrokerEvaluation

Spot gold was trading around $3,357.60 an ounce. Gold prices rose nearly 2% on Friday, hitting a one-week high, as weaker-than-expected U.S. non-farm payroll data boosted expectations of a Federal Reserve rate cut, while new tariff announcements stimulated safe-haven demand.#BrokerEvaluation

Malaysia's palm oil exports to the United States surged 51.8% year-on-year to 93,000 tons in the first five months of this year.#BrokerEvaluation

Malaysia's palm oil exports to the United States surged 51.8% year-on-year to 93,000 tons in the first five months of this year.#BrokerEvaluation

#GoldAnalysis@WikiFX News

#GoldAnalysis@WikiFX News

I am any account manage，Keep a good grasp of foreign exchange trends#SharingTradingMistakesAndGrowth

I am any account manage，Keep a good grasp of foreign exchange trends#SharingTradingMistakesAndGrowth

The robust UK forex market is attributable to the increasingly fair trade practices between brokers and investors. These practices are largely due to the investor protection measures introduced by the Financial Conduct Authority (FCA). These include a compensation worth £85,000 from the Financial Services Compensation Scheme (FSCS) should the broker become insolvent. The FCA further mandates the broker to maintain client records separately from their own, allowing increased transparency and investor trust. In no situation can the investors’ account balance become negative. At the same time, the brokers have been mandated to issue standardized risk warnings associated with forex trading to investors.

The robust UK forex market is attributable to the increasingly fair trade practices between brokers and investors. These practices are largely due to the investor protection measures introduced by the Financial Conduct Authority (FCA). These include a compensation worth £85,000 from the Financial Services Compensation Scheme (FSCS) should the broker become insolvent. The FCA further mandates the broker to maintain client records separately from their own, allowing increased transparency and investor trust. In no situation can the investors’ account balance become negative. At the same time, the brokers have been mandated to issue standardized risk warnings associated with forex trading to investors.

Forex trading is not for the faint-hearted but for the visionary. There will be losses in trade. However, losing your focus and getting negative will only compound your cause. See losses as your teacher, who usually gives you constructive feedback. Analyze your loss, where you went wrong, what better you could have done, prepare, execute, and enjoy the success. Secondly, implement the price action strategy because it not only tells about the market movement but also signifies the psychological state of traders in the market. Pick out points where you can maximize in the given situation. Also, as in life, we learn one thing at a time. In forex trading, you don’t need to master everything at once. You can begin by spotting key market levels and then go on to learn about the trend strength.

Forex trading is not for the faint-hearted but for the visionary. There will be losses in trade. However, losing your focus and getting negative will only compound your cause. See losses as your teacher, who usually gives you constructive feedback. Analyze your loss, where you went wrong, what better you could have done, prepare, execute, and enjoy the success. Secondly, implement the price action strategy because it not only tells about the market movement but also signifies the psychological state of traders in the market. Pick out points where you can maximize in the given situation. Also, as in life, we learn one thing at a time. In forex trading, you don’t need to master everything at once. You can begin by spotting key market levels and then go on to learn about the trend strength.

The rupee jumped 12 paise against the USD to close at 87.53 on August 1, 2025, amid lower crude prices and suspected RBI interventions on the back of rising concerns over a wider global trade disruption following new tariffs announced by the US administration. According to forex traders, the imposition of a 25% tariff on Indian exports caused risk-off sentiment and raised concerns of further depreciation of the rupee. The day began with the rupee opening at 87.60 against the greenback at the interbank foreign exchange. It touched an intra-day high of 87.20 before settling at 87.53, rising 12 paise over the previous closing price.

The rupee jumped 12 paise against the USD to close at 87.53 on August 1, 2025, amid lower crude prices and suspected RBI interventions on the back of rising concerns over a wider global trade disruption following new tariffs announced by the US administration. According to forex traders, the imposition of a 25% tariff on Indian exports caused risk-off sentiment and raised concerns of further depreciation of the rupee. The day began with the rupee opening at 87.60 against the greenback at the interbank foreign exchange. It touched an intra-day high of 87.20 before settling at 87.53, rising 12 paise over the previous closing price.

Gold prices witnessed a decline across India’s spot markets on August 1, 2025. Both 24K and 22K gold categories saw price declines today. The price of one gram of gold in the 24K category dipped by INR 21 to INR 9,982, slipping below the 10,000 level. Meanwhile, the 10-gram price dropped by INR 210 to INR 99,820 from INR 1,00,030. In the 22K category, the one-gram price slumped to INR 9,150 from INR 9,170. Similarly, the price of ten grams of gold slipped to INR 91,500, witnessing a decline of INR 200.

Gold prices witnessed a decline across India’s spot markets on August 1, 2025. Both 24K and 22K gold categories saw price declines today. The price of one gram of gold in the 24K category dipped by INR 21 to INR 9,982, slipping below the 10,000 level. Meanwhile, the 10-gram price dropped by INR 210 to INR 99,820 from INR 1,00,030. In the 22K category, the one-gram price slumped to INR 9,150 from INR 9,170. Similarly, the price of ten grams of gold slipped to INR 91,500, witnessing a decline of INR 200.

Traders are generally concerned about the potential impact of tariffs on August 1st, and bearish sentiment on the Canadian dollar continues to intensify. Based on volume and price performance, US dollar bulls continue to increase their positions, while the Canadian dollar lacks substantial positive support. The RSI is at a mid-to-high level but not yet extreme, indicating that while bullish sentiment prevails, the market remains cautious about breaking through key resistance levels. Analysts believe that if there is no substantial progress in trade negotiations, bearish sentiment on the Canadian dollar is likely to persist, making the exchange rate more likely to rise than fall.#SharingTradingMistakesAndGrowth

Traders are generally concerned about the potential impact of tariffs on August 1st, and bearish sentiment on the Canadian dollar continues to intensify. Based on volume and price performance, US dollar bulls continue to increase their positions, while the Canadian dollar lacks substantial positive support. The RSI is at a mid-to-high level but not yet extreme, indicating that while bullish sentiment prevails, the market remains cautious about breaking through key resistance levels. Analysts believe that if there is no substantial progress in trade negotiations, bearish sentiment on the Canadian dollar is likely to persist, making the exchange rate more likely to rise than fall.#SharingTradingMistakesAndGrowth

Practical Strategy: Identify key price levels: Use the DOM (depth chart) to monitor pending order volume at levels like 1.0000 and 1.0100. A volume ratio greater than 3:1 is considered valid. Ambush Point: Place a short order 5 pips above the price (e.g., EUR/USD 1.0005), with a stop-loss of 15 pips and a take-profit of 30 pips. Confirm the trigger signal: Enter the market immediately when the 1-minute candlestick body breaks through the integer level and the trading volume exceeds 200% of the average.#SharingTradingMistakesAndGrowth

Practical Strategy: Identify key price levels: Use the DOM (depth chart) to monitor pending order volume at levels like 1.0000 and 1.0100. A volume ratio greater than 3:1 is considered valid. Ambush Point: Place a short order 5 pips above the price (e.g., EUR/USD 1.0005), with a stop-loss of 15 pips and a take-profit of 30 pips. Confirm the trigger signal: Enter the market immediately when the 1-minute candlestick body breaks through the integer level and the trading volume exceeds 200% of the average.#SharingTradingMistakesAndGrowth

Stop-loss Discipline and Emotional Combat The night the non-farm payroll data was released, the EUR/USD pair plummeted 80 points. My heavily invested long positions, hoping to "wait for a rebound," resulted in no stop-loss, and my account was wiped out. This lesson taught me a profound lesson: stop-loss isn't a technique; it's a survival criterion. Restructured Stop-loss System: Dynamic Anchoring: Instead of a fixed 30-point stop-loss, set a stop-loss at 1.5 times the ATR (Average True Range). For example, if gold's recent ATR is $25, set a stop-loss at $38 to avoid being swept by noise. Time-based Stop-loss Mechanism: If no profit is triggered within two hours of entering the market, the position will be forced to close (suitable for volatile markets). Split Stop-loss Strategy: Set a stop-loss at 1x ATR for 1/3 of the position, 2x ATR for 1/3, and no stop-loss for the remaining 1/3, but hedge against risk. Effectiveness: Backtesting in Q3 2023 showed that the new rules reduced the maximum single loss from -12% to -3.8%, increasing the win rate to 61%. What really saved me was not the technology, but the courage to surrender to fear.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Stop-loss Discipline and Emotional Combat The night the non-farm payroll data was released, the EUR/USD pair plummeted 80 points. My heavily invested long positions, hoping to "wait for a rebound," resulted in no stop-loss, and my account was wiped out. This lesson taught me a profound lesson: stop-loss isn't a technique; it's a survival criterion. Restructured Stop-loss System: Dynamic Anchoring: Instead of a fixed 30-point stop-loss, set a stop-loss at 1.5 times the ATR (Average True Range). For example, if gold's recent ATR is $25, set a stop-loss at $38 to avoid being swept by noise. Time-based Stop-loss Mechanism: If no profit is triggered within two hours of entering the market, the position will be forced to close (suitable for volatile markets). Split Stop-loss Strategy: Set a stop-loss at 1x ATR for 1/3 of the position, 2x ATR for 1/3, and no stop-loss for the remaining 1/3, but hedge against risk. Effectiveness: Backtesting in Q3 2023 showed that the new rules reduced the maximum single loss from -12% to -3.8%, increasing the win rate to 61%. What really saved me was not the technology, but the courage to surrender to fear.#SharingTradingMistakesAndGrowth#BrokerEvaluation