April 2019

4/04/2019 03:55:00 pm
Credits to Skynews
MPs have narrowly approved a bill which compels Theresa May to seek a further extension of Article 50 to prevent a no-deal Brexit on 12 April.

The bill, laid by Labour's Yvette Cooper, requires the government to bring a legally binding vote to the Commons, seeking an extension to Article 50, where MPs will be able to determine the length of the extension.

313 MPs voted for the bill, and 312 voted against - a majority of one.

However, this does not bind the European Union to the decision, who could reject the outcome of the vote and not offer an extension.

The bill raced through parliament in under six hours, as backbench MPs took control of the parliamentary agenda from the government.

The bill now progresses to the House of Lords, where peers will have opportunities to amend the bill.

Meanwhile, Theresa May and Jeremy Corbyn have held the first round of talks on a possible compromise Brexit deal, with both sides describing the meeting as "constructive".

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4/02/2019 03:46:00 pm
Credits to Babypips
As a trader, it is crucial that you understand both the benefits AND the pitfalls of trading with leverage.

Using a ratio of 100:1 as an example, means that it is possible to enter into a trade for up to $100 for every $1 in your account.

With as little as $1,000 of margin available in your account, you can trade up to $100,000 at 100:1 leverage.
This gives you the potential to earn profits on the equivalent of a $100,000 trade!

It’s like a super scrawny dude who has a super long forearm entering an arm wrestling match.

If he knows what he’s doing, it doesn’t matter if his opponent is Arnold Schwarzenegger, due to the leverage that his forearm can generate, he’ll usually come out on top.

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4/02/2019 02:05:00 pm
Credits to DailyFx
The British Pound remains battered after days of strenuous negotiations as Prime Minister Theresa May fails to secure a Brexit deal, and the GBP/USD exchange rate may exhibit a more bearish behavior over the coming days as both price and the Relative Strength Index (RSI) threaten the upwards trends from late last year.

Fundamental Forecast for British Pound: Bearish

The Brexit saga continues as the third defeat for Prime Minister May forces Parliament to lodge alternative options ahead of the April 12 deadline, with the region facing a growing risk of leaving the European Union (EU) without a deal as U.K. lawmakers struggle to meet on common ground.

The British Pound is like to face a bearish fate from a no-deal Brexit as the Bank of England (BoE) warns that ‘the economic outlook will continue to depend significantly on the nature and timing of EU withdrawal,’ but it remains to be seen if an extension will be requested as European Council President Donald Tusk plans to hold an emergency meeting on April 10. With that said, headlines surrounding Brexit may continue to influence the British Pound as the economic docket for the U.K. remains fairly light throughout the first full week of April, but the recent pickup in British Pound volatility appears to be shaking up market participation amid a shift in retail interest.

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4/02/2019 01:55:00 pm
Credits to DailyFx
TRADING THE NEWS: RESERVE BANK OF AUSTRALIA (RBA) INTEREST RATE DECISION

The Reserve Bank of Australia (RBA) interest rate decision may drag on the AUD/USD exchange rate as the central bank is widely anticipated to keep the official cash rate (OCR) at the record-low of 1.50% in April.

It seems as though the RBA will continue to endorse a wait-and-see approach monetary policy as the central bank sees ‘scenarios where an increase in the cash rate would be appropriate at some point and other scenarios where a decrease in the cash rate would be appropriate.’ Mixed language coming out of the RBA is likely to weigh on the Australian dollar as the central bank looks to further support the economy, and Governor Philip Lowe & Co. may continue to tame bets for higher interest rates as officials note ‘that there was not a strong case for a near-term adjustment in monetary policy.’

However, an unexpected batch of hawkish rhetoric may trigger a bullish reaction in AUD/USD as it spurs bets for an RBA rate-hike, and an upcoming change in regime may heighten the appeal of the Australian dollar as market participants prepare for higher interest rates.

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4/02/2019 09:06:00 am
Credits to Traders Asset
On Friday, the Great Britain pound had a zigzag movement in the Asian session but started declining in the late European session after the UK Prime Minister Theresa May failed once again to persuade the Parliament to vote in favor of her Brexit plans. There were also numerous economic reports published on Friday. However, the market was fixated on the Brexit vote. After opening at 1.3045, the GBP/USD pair hit a low of 1.3002, before reversing to hit a high of 1.3135. However, the currency pair was unable to consolidate and shifted again to touch a low of 1.2978 before ending the day at 1.3030.

May’s Brexit deal voted down for the third time

May tabled in Parliament a toned-down version of the Brexit Withdrawal Agreement on Friday, but the exit plan was again voted down by MPs. While the final date for Brexit has been delayed until April 12th, it implies that British lawmakers only have a fortnight left to engineer a strategy to prevent a no-deal scenario, which exists as the default. Shortly following the vote, Donald Tusk, President of the European Council, appealed for an EU emergency conference on April 10th to evaluate the exit of Britain from the EU.

May’s exit plans were voted down three times in a deeply polarized Parliament, even though the magnitude of each rout has been declining. Friday denoted the recent defeat, with a 58-vote margin, as the Brexit fiasco is rumbling amid an increasing political impasse.

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4/02/2019 09:03:00 am
Credits to Traders Asset
Yesterday, for the third successive session, the euro declined against the greenback, mainly due to the weak business confidence data released by the European Commission. The EUR/USD currency pair’s decline was fueled by the weak German inflation data. But for the weak US home sales data, the euro would have seen huge losses against the US dollar. From a high of 1.1260, the EUR/USD pair has declined to a low of 1.1210. At the time of writing the article, the pair was trading near 1.1230.

Economic data dominates the euro movement

Yesterday, the EUR/USD pair remained range bound due to an uncertain trading environment in the Asian session. However, the currency pair suddenly drifted lower at the beginning of the European session due to heavy selling pressure, before reversing sharply to regain its lost ground. However, the rally had no follow through, as the pair dropped after the announcement of the eurozone business climate indicator data that missed economists’ anticipation as did the index of economic sentiment. The final consumer confidence data was consistent with analysts’ anticipations but was still below February’s print.

The announcement of the US GDP info by the Bureau of Economic Analysis had a subdued effect on the tumbling pair, even though the figures missed economists’ forecast.

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4/01/2019 11:34:00 pm 1
Do you want to profit from my trading mistakes and experience?

Then this section is for you.

Because I’ve condensed my trading lessons over the last 10 years into bite-sized trading tips — so you can implement it and get results, fast.


How to Trade Breakouts Like a Pro

How to Trade Pullbacks Like a Pro

How to Use Multiple Timeframes and Improve Your Trading Entries

This is Your Most Important Trading Tool

The Truth about Support and Resistance That the Pros Don’t Want You to Know

Trend Trading Secrets the Pros Hope You Never Find Out

Trend Reversal: 3 Powerful Strategies to Detect Trend Change

How to Avoid False Breakout (My Secret Technique)

Support and Resistance Secrets: Powerful Strategies to Profit in Bull & Bear Markets

Source: TradingwithRayner
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4/01/2019 11:18:00 pm
Do you want to learn new trading strategies to profit in different market conditions?

Then you’re in the right place!

Because in this section, you’ll discover practical trading strategies you can use to profit in the financial markets.

So click the training below to get started.


A pinbar trading strategy that works

 
A Moving Average Trading Strategy (That Actually Works)

 
A Forex Trading Strategy That Works In Any Markets or Timeframes

 
An Inside Bar Trading Strategy

 
Trendline Trading Strategy

3 Proven Swing Trading Strategies That Work

3 Powerful Doji Candlestick patterns for Profitable Trading


Source: TradingwithRayner
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4/01/2019 10:59:00 pm
Here’s the thing:

There are hundreds of trading indicators and most of them are useless.

However, there are a few that can make a difference to your trading.

So in this section, you’ll discover a few useful trading indicators that can boost your trading results.

Cool?

Then click the training below to get started.


Average True Range Indicator Strategies & Techniques

Bollinger Bands Trading Strategy

How to use Stochastic Indicator like a Pro

MACD Indicator Secrets

Golden Cross Explained: Why Most Traders Get it Wrong (and How it Really Works)

Source: TradingwithRayner
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4/01/2019 10:52:00 pm
Here’s the deal:

Not all chart patterns are created equal.

It depends on which patterns you trade and HOW you trade it.

That’s why in this section, you’ll discover some of my favorite chart patterns and so you can find low risk and high reward trading opportunities.

Sounds good?

Then click the training below to get started.

Ascending Triangle Chart Pattern

Flag Pattern Trading Strategy: A Simple But Powerful Chart Pattern That Works

My 3 Favorite Forex Chart Patterns

Double Top Chart Pattern

Head and Shoulders Chart Pattern

Source: TradingwithRayner
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4/01/2019 10:42:00 pm
If you’re clueless about candlestick patterns, then this section is for you.

You’ll discover how to read candlestick patterns, understand the meaning behind different candlestick patterns, and how to trade them like a professional trader.

So click on lesson #1 to get started immediately.

1: Introduction to Candlestick Patterns

2: The Limitations of Candlestick Patterns

3: What is a Bullish Engulfing Pattern

4: What is a Bearish Engulfing Pattern

5: What is a Piercing Pattern

6: What is a Dark Cloud Cover

7: What is a Hammer

8: What is a Shooting Star

9: What is a Doji

10: What is a Harami

11: What is a Morning Star

12: What is an Evening Star

13: How to Combine Candlestick Patterns
 
14: How to Read Candlestick Patterns like a Pro

15: The Wrong Way to Trade Candlestick Patterns

16: Market Structure

17: Volatility Contraction

Source: TradingwithRayner
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4/01/2019 08:55:00 pm
Are you new to Forex Trading?

Then you’re in the right place!

Because in this section, you’ll learn the basics of Forex Trading in 12 short lessons.

And by the end of it, you'll have a strong foundation to kick-start your Forex Trading career.

So, click on lesson #1 and get started immediately.

1: What is Forex trading and How Does it Work

2: What are the Major Currency Pairs

3: When is the Best Time to Trade Forex

4: Common Forex Trading Terminologies

5: What is a Forex Lot Size

6: The Different Types of Forex Orders

7: How to Read a Forex Chart

8: The Different Types of Forex Charts

9: The Different Types of Forex Analysis

10: The Different Types of Forex Trading Strategies

11: The Different Types of Forex Brokers

12: How to Choose a Forex Broker

Source: TradingwithRayner
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