⁣Forex brokers fall into different categories based on how they operate and execute trades. Here are the main types: Dealing Desk Brokers (DD): These brokers act as intermediaries between traders and the market. They set their own prices and may even take the opposite side of your trade (market maker). This can create potential conflicts of interest but may offer lower spreads in return. No Dealing Desk Brokers (NDD): NDD brokers provide direct market access to liquidity providers (such as banks). There are two types of NDD brokers: 🔹ECN (Electronic Communication Network): Offers direct access to interbank markets with minimal markup on spreads. Best for scalpers and high-frequency traders. 🔹STP (Straight Through Processing): Orders are passed directly to the liquidity providers, with minimal intervention from the broker. Hybrid Brokers: Some brokers offer a mix of both dealing desk and no dealing desk services. They may route some orders to liquidity providers while handling others themselves. Key Point: Choose a broker type based on your trading style—ECN for more transparent pricing and NDD for a direct link to the market.

⁣Forex brokers fall into different categories based on how they operate and execute trades. Here are the main types: Dealing Desk Brokers (DD): These brokers act as intermediaries between traders and the market. They set their own prices and may even take the opposite side of your trade (market maker). This can create potential conflicts of interest but may offer lower spreads in return. No Dealing Desk Brokers (NDD): NDD brokers provide direct market access to liquidity providers (such as banks). There are two types of NDD brokers: 🔹ECN (Electronic Communication Network): Offers direct access to interbank markets with minimal markup on spreads. Best for scalpers and high-frequency traders. 🔹STP (Straight Through Processing): Orders are passed directly to the liquidity providers, with minimal intervention from the broker. Hybrid Brokers: Some brokers offer a mix of both dealing desk and no dealing desk services. They may route some orders to liquidity providers while handling others themselves. Key Point: Choose a broker type based on your trading style—ECN for more transparent pricing and NDD for a direct link to the market.

The World's Largest Financial Market The Forex market is a global, decentralized marketplace where individuals, businesses, and institutions trade currencies. With a daily trading volume of over $6 trillion, it's the largest and most liquid financial market in the world. Key characteristics: - Global accessibility - High liquidity - 24/5 market hours - Leverage and margin trading - Opportunities for speculation and hedging Participate in the Forex market to diversify your investments, hedge against currency risks, or speculate on currency fluctuations.

The World's Largest Financial Market The Forex market is a global, decentralized marketplace where individuals, businesses, and institutions trade currencies. With a daily trading volume of over $6 trillion, it's the largest and most liquid financial market in the world. Key characteristics: - Global accessibility - High liquidity - 24/5 market hours - Leverage and margin trading - Opportunities for speculation and hedging Participate in the Forex market to diversify your investments, hedge against currency risks, or speculate on currency fluctuations.

U.S. President-elect Donald Trump says the deficit needs to be cut. The governor of the Bank of Canada reiterated the central bank's expectation that monetary policy will be adjusted more gradually in the future. Argentina is considering a managed floating exchange rate after deregulation. Goldman Sachs economists said the Fed's meeting this week could signal a slower pace of easing ahead, with January expected to "skip" rate cuts.

U.S. President-elect Donald Trump says the deficit needs to be cut. The governor of the Bank of Canada reiterated the central bank's expectation that monetary policy will be adjusted more gradually in the future. Argentina is considering a managed floating exchange rate after deregulation. Goldman Sachs economists said the Fed's meeting this week could signal a slower pace of easing ahead, with January expected to "skip" rate cuts.

EUR/USD falls sharply to near 1.1100 on weak Eurozone preliminary Purchasing Managers’ Index data of September. ECB policymakers appear to be increasingly concerned about inflation remaining persistent. Markets expect the Fed to deliver a second consecutive 50 bps interest-rate cut in November.

EUR/USD falls sharply to near 1.1100 on weak Eurozone preliminary Purchasing Managers’ Index data of September. ECB policymakers appear to be increasingly concerned about inflation remaining persistent. Markets expect the Fed to deliver a second consecutive 50 bps interest-rate cut in November.

Strengths Provides insight into trader psychology. Useful for identifying extreme conditions (overbought/oversold). Complements technical and fundamental analysis. Limitations Sentiment can change quickly, leading to volatility. Retail sentiment is not always indicative of market direction. Requires confirmation through other analysis methods.

Strengths Provides insight into trader psychology. Useful for identifying extreme conditions (overbought/oversold). Complements technical and fundamental analysis. Limitations Sentiment can change quickly, leading to volatility. Retail sentiment is not always indicative of market direction. Requires confirmation through other analysis methods.

1. Sentiment + Technical Use sentiment to gauge market mood and technical analysis to find precise entry points. Example: Sentiment is bullish on USD/CHF. Enter long after a bullish flag breakout. 2. Sentiment + Fundamental Combine sentiment with economic indicators to confirm trade setups. Example: Positive sentiment on AUD aligns with strong Australian employment data. 3. All Three Sentiment: COT shows bullish EUR sentiment. Fundamental: ECB hints at raising rates. Technical: EUR/USD breaks key resistance. Trade: Enter long on EUR/USD.

1. Sentiment + Technical Use sentiment to gauge market mood and technical analysis to find precise entry points. Example: Sentiment is bullish on USD/CHF. Enter long after a bullish flag breakout. 2. Sentiment + Fundamental Combine sentiment with economic indicators to confirm trade setups. Example: Positive sentiment on AUD aligns with strong Australian employment data. 3. All Three Sentiment: COT shows bullish EUR sentiment. Fundamental: ECB hints at raising rates. Technical: EUR/USD breaks key resistance. Trade: Enter long on EUR/USD.

1. Extreme Retail Sentiment Scenario: 85% of retail traders are short on EUR/USD. Analysis: Retail traders are often wrong during extreme sentiment. Trade: Go long after price breaks key resistance levels. 2. COT Report Divergence Scenario: Non-commercial traders significantly increase long positions on GBP. Analysis: Indicates bullish sentiment among institutional traders. Trade: Look for buying opportunities in GBP/USD. 3. Geopolitical Events Scenario: Rising tensions in Europe lead to demand for safe-haven currencies like JPY. Analysis: Bearish sentiment on EUR/JPY. Trade: Short EUR/JPY after confirmation of the downtrend.

1. Extreme Retail Sentiment Scenario: 85% of retail traders are short on EUR/USD. Analysis: Retail traders are often wrong during extreme sentiment. Trade: Go long after price breaks key resistance levels. 2. COT Report Divergence Scenario: Non-commercial traders significantly increase long positions on GBP. Analysis: Indicates bullish sentiment among institutional traders. Trade: Look for buying opportunities in GBP/USD. 3. Geopolitical Events Scenario: Rising tensions in Europe lead to demand for safe-haven currencies like JPY. Analysis: Bearish sentiment on EUR/JPY. Trade: Short EUR/JPY after confirmation of the downtrend.

1. Contrarian Trading Trade against extreme sentiment, anticipating a reversal. Example: If 90% of retail traders are long on GBP/USD, consider shorting after technical confirmation. 2. Momentum Trading Trade in the direction of sentiment during strong trends. Example: If sentiment is bullish on USD/JPY and price breaks resistance, enter long. 3. News Trading Analyze market reaction to news events to gauge sentiment. Example: A dovish Fed statement might trigger bearish sentiment for USD.

1. Contrarian Trading Trade against extreme sentiment, anticipating a reversal. Example: If 90% of retail traders are long on GBP/USD, consider shorting after technical confirmation. 2. Momentum Trading Trade in the direction of sentiment during strong trends. Example: If sentiment is bullish on USD/JPY and price breaks resistance, enter long. 3. News Trading Analyze market reaction to news events to gauge sentiment. Example: A dovish Fed statement might trigger bearish sentiment for USD.

Gold did make a break above 2604 (despite Wednesday's negative candle) & if you bought back in to longs we hit my target 2620/22 perfectly and make a new all time high just above, at 2,631. New targets for this week: 2633/35, 2642/44 & 2648/50. If we continue higher look for 2655.

Gold did make a break above 2604 (despite Wednesday's negative candle) & if you bought back in to longs we hit my target 2620/22 perfectly and make a new all time high just above, at 2,631. New targets for this week: 2633/35, 2642/44 & 2648/50. If we continue higher look for 2655.

Gold shows strong bullish momentum, driven by a weakening U.S. dollar and expectations of further Federal Reserve rate cuts. Escalating geopolitical tensions in the Middle East have increased the demand for gold. The technical outlook for gold is bullish, supported by the inverted head and shoulders pattern and a price breakout above the channel.

Gold shows strong bullish momentum, driven by a weakening U.S. dollar and expectations of further Federal Reserve rate cuts. Escalating geopolitical tensions in the Middle East have increased the demand for gold. The technical outlook for gold is bullish, supported by the inverted head and shoulders pattern and a price breakout above the channel.

1. Commitment of Traders (COT) Report Published weekly by the CFTC (Commodity Futures Trading Commission). Shows the positioning of large traders (commercial, non-commercial, and retail). Example: A rise in long positions for EUR/USD by non-commercial traders indicates bullish sentiment. 2. Sentiment Indicators Retail Sentiment: Provided by brokers, shows the percentage of traders long vs. short. Volatility Index (VIX): Measures market fear and uncertainty. 3. News and Social Media Monitoring news headlines or social media chatter can provide clues about prevailing sentiment. Example: Positive economic data may lead to bullish sentiment for a currency.

1. Commitment of Traders (COT) Report Published weekly by the CFTC (Commodity Futures Trading Commission). Shows the positioning of large traders (commercial, non-commercial, and retail). Example: A rise in long positions for EUR/USD by non-commercial traders indicates bullish sentiment. 2. Sentiment Indicators Retail Sentiment: Provided by brokers, shows the percentage of traders long vs. short. Volatility Index (VIX): Measures market fear and uncertainty. 3. News and Social Media Monitoring news headlines or social media chatter can provide clues about prevailing sentiment. Example: Positive economic data may lead to bullish sentiment for a currency.

USD: Fed speakers, including Powell, Williams and the dissenter Bowman on tap. JPY: Sell on rallies likely as both safe-haven trade and policy divergence theme on the backfoot. AUD: RBA’s relative hawkishness, soft-landing and China stimulus could paint a bullish picture.

USD: Fed speakers, including Powell, Williams and the dissenter Bowman on tap. JPY: Sell on rallies likely as both safe-haven trade and policy divergence theme on the backfoot. AUD: RBA’s relative hawkishness, soft-landing and China stimulus could paint a bullish picture.

1. Trend Formation Strong sentiment often drives trends. Example: If most traders are optimistic about the USD, USD pairs may trend higher. 2. Market Reversals Extreme sentiment often signals a potential reversal. Example: Overly bullish sentiment may indicate an overbought market. 3. Volatility Sentiment shifts can lead to sharp price movements, especially during high-impact news events.

1. Trend Formation Strong sentiment often drives trends. Example: If most traders are optimistic about the USD, USD pairs may trend higher. 2. Market Reversals Extreme sentiment often signals a potential reversal. Example: Overly bullish sentiment may indicate an overbought market. 3. Volatility Sentiment shifts can lead to sharp price movements, especially during high-impact news events.

The single European currency is trading near 1,1150 level at the opening of the new week in an extremely tight trading range as investors continue to avoid taking big bets. The dust from the Fed's aggressive move to cut interest rates by 50 basis points last week appears to have settled with the European currency currently struggling to benefit from the narrowing interest rate gap between the euro and the dollar.

The single European currency is trading near 1,1150 level at the opening of the new week in an extremely tight trading range as investors continue to avoid taking big bets. The dust from the Fed's aggressive move to cut interest rates by 50 basis points last week appears to have settled with the European currency currently struggling to benefit from the narrowing interest rate gap between the euro and the dollar.

ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED - WTC. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher.

ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED - WTC. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher.

Market sentiment is the overall mood or tone of the forex market regarding a specific currency pair. It can be: Bullish: Traders are optimistic, expecting prices to rise. Bearish: Traders are pessimistic, expecting prices to fall.

Market sentiment is the overall mood or tone of the forex market regarding a specific currency pair. It can be: Bullish: Traders are optimistic, expecting prices to rise. Bearish: Traders are pessimistic, expecting prices to fall.

Market sentiment reflects the collective emotions and attitudes of traders toward a currency pair. Understanding sentiment can help traders anticipate price movements and identify potential reversals or continuations.

Market sentiment reflects the collective emotions and attitudes of traders toward a currency pair. Understanding sentiment can help traders anticipate price movements and identify potential reversals or continuations.

Last week marked the end of my myopia and the beginning of the end of the Federal Reserve’s (Fed) tightening cycle. The Fed started lowering its rates by 50bp – a bold decision that raised many questions across investment communities regarding the necessity of a jumbo size cut while the US economy, though slowing, hasn’t necessarily given signs of plunging toward recession.

Last week marked the end of my myopia and the beginning of the end of the Federal Reserve’s (Fed) tightening cycle. The Fed started lowering its rates by 50bp – a bold decision that raised many questions across investment communities regarding the necessity of a jumbo size cut while the US economy, though slowing, hasn’t necessarily given signs of plunging toward recession.

In focus today Today, focus is on the euro area PMIs for September. The service PMIs got a 'golden boost' from the Olympics in France in August, which likely reversed in September. While we expect overall momentum in services activity remained broadly unchanged compared to August, we expect the PMIs to decline due to the French data. In the manufacturing sector, activity likely remained subdued as also indicated by the German ZEW.

In focus today Today, focus is on the euro area PMIs for September. The service PMIs got a 'golden boost' from the Olympics in France in August, which likely reversed in September. While we expect overall momentum in services activity remained broadly unchanged compared to August, we expect the PMIs to decline due to the French data. In the manufacturing sector, activity likely remained subdued as also indicated by the German ZEW.

1. Track Economic Calendars Focus on high-impact events like NFP, GDP, and interest rate decisions. 2. Pre-Event Preparation Analyze market expectations and potential deviations from forecasts. 3. Post-Event Execution Trade the breakout or fade the initial move depending on the volatility and trend.

1. Track Economic Calendars Focus on high-impact events like NFP, GDP, and interest rate decisions. 2. Pre-Event Preparation Analyze market expectations and potential deviations from forecasts. 3. Post-Event Execution Trade the breakout or fade the initial move depending on the volatility and trend.