The Regular Trader

  This article is devoted to trade balance, its influence on the national currency, and to using it for Forex trading. What is Trade Balance? Trade Balance, or International Trade, is a macroeconomic index that demonstrates the difference between the added up prices of all exported goods and added up prices of all goods imported in the country over a certain period. In other words, this is the difference between export and import volumes in monetary terms. Trade balance is one of the key indicators of competitiveness of goods and services produced in the country. Trade Balance = Export - Import Depending on which index is bigger, Trade Balance can be positive or negative: Trade surplus appears when export exceeds import. Trade deficit means that import exceeds export. Countries present their Trade Balance monthly. It accounts for seasons and has several categories: Consumer goods Food Raw materials and Industrial supplies Autos Capital goods Other merchandise. As a rule, f...

 7 February 2023, 15:48    GBP/USD turns lower for the fourth successive day and drops to a fresh one-month low. Hawkish Fed expectations, a softer risk tone underpins the USD and exerts some pressure. Traders look forward to Fed Chair Jerome Powell’s speech for some meaningful impetus. The GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.2055 area and turns lower for the fourth successive day on Tuesday. Spot prices drop to a fresh one-month low heading into the North American session, with bears now eyeing to challenge a technically significant 200-day SMA near mid-1.1900s. The US Dollar reverses an intraday dip and holds steady near a one-month peak touched on Monday, which, in turn, is seen exerting downward pressure on the GBP/USD pair. The upbeat US monthly jobs data (NFP) released last week fueled speculations that the Federal Reserve (Fed) will stick to its hawkish stance. This, in turn, remains supportive of a modest intraday uptick in th...

 7 February 2023, 15:31    EUR/USD adds to the ongoing bearish move and drops below 1.0700. Extra decline appears in the pipeline below the 1.0770 region. EUR/USD remains well on the defensive and drops to new lows in the sub-1.0700 zone on Tuesday. The pair has recently broken below the 3-month support line near 1.0770, and this now allows for the downtrend to gather extra impulse in the near term. Against that, the next interim support comes at the 55-day SMA at 1.0662, while the breach of this region could open the door to a deeper retracement to the 2023 low at 1.0481 (January 6). In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0319. EUR/USD daily chart  

  Many traders suppose that a profitable strategy will certainly lead them to success. However, they forget that the main part of a trade is a person. Why people who use the same strategy come to different results? Everything depends on their behavior and attitude. We gathered the most useful qualities of successful traders. 1. Be confident. Your strategy can be super profitable. However, if you are not sure in your actions, you will definitely lose. Follow your tactics no matter what. Do not change your targets when it seems that the trade is not profitable. If you are sure in your trading system, nothing can disturb you. Remember that confidence comes from constant practice. 2. Be calm. The movement of the market cannot be predicted with 100% accuracy. You should be prepared for any scenario. Otherwise, panic will lead you to wrong decisions. Every successful trader knows what to do if the market goes against him/her. Be aware of all possible movements of the pri...

  “Only fools learn from their mistakes, the wise man learns from the mistakes of others.” Have you ever heard this saying? We have gathered the most common mistakes that traders make. Avoid your own mistakes, learn from the faults of others! 1. "Fail to plan and you plan to fail" Everyone knows that it is quite difficult to do something without planning. We will tell you even more: it is impossible to trade without a plan. A trading plan is a set of rules that consists of your trading strategy and money management strategy. A plan will help you determine when to enter a trade, how to exit an unsuccessful trade, time to reach your target, the amount of money to risk. Without this knowledge, you will definitely lose. 2. Not having a Stop Loss Even if you are 100% sure of your profit targets, you should better set a Stop Loss. The Forex market is highly volatile, and urgent news can lead to the turn of the trade. In January 2015, the Swiss National Bank suddenly ...

 Candlestick charting is a popular technical analysis tool used in finance to represent the price movement of an asset, such as stocks or currency, over a certain period of time. There are several types of candlesticks that can indicate the balance of power between buyers and sellers in the market. ✔️ Candlesticks with buyers in total control: This type of candlestick shows that buyers have completely dominated the market and pushed prices up. The candlestick is typically green or white and its body is long. ✔️ Candlesticks with buyers in control: This type of candlestick shows that buyers have the upper hand, but not as strongly as in the first type. The body of the candlestick is shorter and there may be some upper shadow. ✔️ Candlesticks with active sellers but stronger buyers: This type of candlestick shows that while sellers are trying to push prices down, buyers are able to keep prices up. The candlestick has a long upper shadow and a short lower shadow.  ✔️ Candlesticks...

 🔥 Every trader follows some rules that help him achieve goals and targets. Here's our list, share your in the comments: ⚠️ Your capital is the only thing keeping you in trading. Set yourself a threshold of capital loss when you stop trading real money and start practicing on demo to prevent liquidation. 🛑 Did you lose 5%-15% of your capital in one day? Stop trading and think about the mistakes made. The market isn’t going anywhere, and you will always find a situation to trade. 💵  Trading is fun, entertaining, and enjoyable. However, it’s not a game, and you are not a gamer. Trading is a serious job that may make you financially free. Treat it like a business, where profit depends only on you.   🧑‍🎓 The financial world is a dynamic and ever-changing place where you will be constantly finding new things and learning on mistakes. Don’t stop learning. ❌ Stop Losses are critical for almost all traders to succeed. Although Take Profits help you take your portion of the m...