<p style=““ class=“text-align-justify“>The slight dip earlier came from the Eurozone inflation data <a target=“_blank“ href=“https://www.forexlive.com/news/eurozone-march-preliminary-cpi-69-vs-71-yy-expected-20230331/“ target=“_blank“ rel=“follow“>here</a> but we are seeing yields turn around, similar to yesterday, to climb higher again. 2-year yields in the US are now up over 7 bps to 4.17% while 2-year yields in Germany have also pared the drop to be up 5 bps at 2.79% currently. The latter hit a low of 2.72% after the record drop in euro area headline inflation.</p><p style=““ class=“text-align-justify“>But as mentioned since yesterday, core inflation remains a big problem and the report earlier highlighted another record high reading in the euro area. That won’t give the ECB much comfort and reaffirms the likelihood that more rate hikes are still to come – something which markets are slowly wrapping their heads around as mentioned earlier <a target=“_blank“ href=“https://www.forexlive.com/news/markets-are-coming-around-to-the-idea-that-there-will-be-more-rate-hikes-to-come-20230331/“ target=“_blank“ rel=“follow“>here</a>.</p>

This article was written by Justin Low at www.forexlive.com.

<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/spain-march-preliminary-cpi-33-vs-38-yy-expected-20230330/“>Spain March preliminary CPI +3.3% vs +3.8% y/y expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/north-rhine-westphalia-march-cpi-69-vs-85-yy-prior-20230330/“>North Rhine Westphalia March CPI +6.9% vs +8.5% y/y prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/bavaria-march-cpi-72-vs-88-yy-prior-20230330/“>Bavaria March CPI +7.2% vs +8.8% y/y prior</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/saxony-march-cpi-83-vs-92-yy-prior-20230330/“>Saxony March CPI +8.3% vs +9.2% y/y prior</a></li></ul><p>Initial reaction:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/bond-yields-fall-after-lower-spanish-inflation-numbers-20230330/“>Bond yields fall after lower Spanish inflation numbers</a></li></ul><p>Aftermath:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/bond-yields-nudge-back-a-little-higher-as-traders-push-and-pull-20230330/“>Bond yields nudge back a little higher as traders push and pull</a></li></ul><p>Markets:</p><ul><li>CHF leads, USD lags on the day</li><li>European equities higher; S&amp;P 500 futures up 0.6%</li><li>US 10-year yields down 0.8 bps to 3.558%</li><li>Gold up 0.2% to $1,968.92</li><li>WTI crude up 0.8% to $73.58</li><li>Bitcoin up 0.9% to $28,637</li></ul><p style=““ class=“text-align-justify“>There weren’t many headlines in European morning trade today, with the focus staying on inflation numbers from German states and Spain. The early reports led to a fall in bond yields, as headline annual inflation came in softer than February and in the case of Spain, it even came in well below estimates.</p><p style=““ class=“text-align-justify“>That said, the figures do have a very important caveat to them. The spike in oil prices last year due to the Russia-Ukraine conflict is a big reason for the base effects adjustment to the readings we are seeing in March this year. As such, headline annual inflation may be lower but the core reading remains high.</p><p style=““ class=“text-align-justify“>In the case of Spain, core annual inflation is still sitting at 7.5%, down marginally from the 7.6% reading in February. Meanwhile, the monthly figures all still reflect positive price increases for all German states and in Spain as well.</p><p style=““ class=“text-align-justify“>The initial market reaction was a decline in yields, with USD/JPY also falling from 132.50 to 132.20 before recovering that drop thereafter as yields rebounded.</p><p style=““ class=“text-align-justify“>The dollar was slightly softer throughout, as equities gradually gained after a flattish handover from Asia. European indices opened higher but are now working their way up, gaining over 1% mostly across the board.</p><p style=““ class=“text-align-justify“>EUR/USD moved up from 1.0850 to 1.0880 and is sitting just below that while GBP/USD pushed from 1.2320 to 1.2363 before seeing gains ease a little after briefly hitting fresh eight-week highs.</p><p style=““ class=“text-align-justify“>The antipodeans are unable to capitalise too much, being stuck in a bit of a bind in recent weeks, with AUD/USD seen up 0.2% to 0.6695 and NZD/USD up by just 0.1% to 0.6230 on the day currently.</p><p style=““ class=“text-align-justify“>Going back to the inflation debate, this is the first month in which we will start to see the base effects adjustment come into play. I would argue that the monthly figures are going to be more important moving forward but either way, is this going to prove to be a hopeful turn or a false dawn? Only time will tell.</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>European indices are keeping gains near 1% while S&amp;P 500 futures are up 16 points, or 0.4%, and that is helping with the overall mood in markets so far. In turn, the dollar is the laggard but the losses aren’t really too overwhelming. EUR/USD is up 0.2% to 1.0860 levels but is in the hunt of a fourth straight day of gains:</p><p style=““ class=“text-align-justify“>The rebound this week comes after the pair tested its 200-hour moving average on Friday last week but in the bigger picture, this is an extension of its rebound from the 100-day moving average (red line) earlier in the month. Buyers will still need to crack key resistance at 1.1000 to really justify a further upside move though, but at least they are keeping the bullish momentum going for now.</p><p style=““ class=“text-align-justify“>Meanwhile, USD/JPY is down 0.1% to 132.70 but is at least off its earlier low of 132.20 during the session – which came after the Spanish inflation data <a target=“_blank“ href=“https://www.forexlive.com/news/bond-yields-fall-after-lower-spanish-inflation-numbers-20230330/“ target=“_blank“ rel=“follow“>here</a> as bond yields sagged. But as <a target=“_blank“ href=“https://www.forexlive.com/news/bond-yields-nudge-back-a-little-higher-as-traders-push-and-pull-20230330/“ target=“_blank“ rel=“follow“>yields are recovering</a>, the pair is also getting a bit of a lift to near unchanged levels on the day currently.</p><p style=““ class=“text-align-justify“>Then, we have GBP/USD which briefly hit eight-week highs just above 1.2360 though the technical picture remains somewhat confined still as highlighted <a target=“_blank“ href=“https://www.forexlive.com/news/cable-nears-two-month-high-as-pound-holds-firmer-on-the-day-20230330/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>Elsewhere, USD/CAD is slipping further to 1.3530 levels amid higher oil prices with the pair now gyrating towards its 100-day moving average seen at 1.3516 at the moment.</p><p style=““ class=“text-align-justify“>The antipodeans are sitting a little higher but they aren’t really going anywhere as well with AUD/USD stuck just below its 200-day moving average (blue line) near 0.6700 now after bouncing off its November lows:</p><p style=““ class=“text-align-justify“>NZD/USD is finding things even more difficult as it is sandwiched between its 100 (red line) and 200-day (blue line) moving averages:</p><p style=““ class=“text-align-justify“>With month-end trading also a key focus point in the sessions ahead, we are still awaiting firmer moves in the dollar to gather more conviction on the next big trending move.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal“>One of
the most well-known Chinese companies, Alibaba, is about to become six
well-known Chinese companies. The e-commerce giant announced that it is going
to split into six independent units soon – and its stock celebrated this fact
with 14% growth. But when shares show this kind of moonshot, this poses the
question – is it too late to buy them?</p><p class=“MsoNormal“>Alibaba
enriched its market value by about $33 bln after investors got the news that
the company would split into six separate firms with their own CEOs and boards.
All the units will be responsible for different lines of business. So, meet the
newbies – Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services
Group, Cainiao Smart Logistics Group, Global Digital Commerce Group, and
Digital Media and Entertainment Group. Each one of these future companies is
quite capable of becoming public at some time.</p><p class=“MsoNormal“>If you
have Alibaba stock in your portfolio, you can probably look at the chart below
till the crack of doom. Although, news and releases from companies are not the
only things that influence the market. They can also be affected by various
economic events planned well in advance. In order to stay on top of these
events and make changes to your portfolio accordingly, you can utilize
different trading tools, such as the <a target=“_blank“ href=“https://www.tradingview.com/economic-calendar/“ target=“_blank“ rel=“follow“>economic
calendar</a> – it shows all the significant events that investors and
traders need to know.</p><p class=“MsoNormal“>Not all
details about <a target=“_blank“ href=“https://www.investopedia.com/ask/answers/what-stock-split-why-do-stocks-split/“ target=“_blank“ rel=“follow“>the future split</a> have been made clear so far,
but many analysts believe that Alibaba papers hold promise. There are two key
factors. Firstly, experts believe that shares may be undervalued now, and the
reorganization will help to re-evaluate every company separately, in a
meaningful way.</p><p class=“MsoNormal“>Moreover,
comparatively small companies are likely to be more flexible and will be able
to react more quickly to the market, economic, and regulatory changes. </p><p class=“MsoNormal“>Another
factor is China’s regulatory policy. In the past few years, large Chinese
companies have been under pressure. Large-scale and long-term inspections have
severely besieged the shares of Alibaba, as well as the rest of the Chinese
stock market. But there is hope that this period is coming to an end, taking
with it the Covid-19 restrictions.</p><p class=“MsoNormal“>Even
after an explosive 14% increase, analysts have outlined an impressive target
price for <a target=“_blank“ href=“https://www.tradingview.com/symbols/NYSE-BABA/“ target=“_blank“ rel=“follow“>Alibaba stock</a>. The consensus forecast is +45%
over the next 12 months. </p><p class=“MsoNormal“>But
don’t forget that markets change every week, day, and hour. That’s why you need
to do your own research before every trade. That’s the key to success.</p>

This article was written by ForexLive at www.forexlive.com.

<ul><li>Prior -19.1</li><li>Economic confidence 99.3 vs 99.8 expected</li><li>Prior 99.7; revised to 99.6</li><li>Industrial confidence -0.2 vs 0.2 expected</li><li>Prior 0.5</li><li>Services confidence 9.4 vs 10.3 expected</li><li>Prior 9.5; revised to 9.4</li></ul><p style=““ class=“text-align-justify“>The drop in economic sentiment owes to a setback in industrial confidence, owing to a drop decline in managers’ production
expectations and to a slight deterioration in their
assessments of the current level of overall order books. Meanwhile, the recovery in consumer confidence also comes to a halt after five months of improvement.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal“>On the daily chart below, we can
see that the market got stuck in a range as soon as it bounced from the 1731 <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a>. The uncertainty is high. On one
hand the market is more optimistic as the banking crisis is fading, on the
other hand, it is pessimistic that the recent events will cause a bigger
slowdown in the economy than expected. </p><p class=“MsoNormal“>After bouncing yet again from the
support, the price is now approaching the top of the range where there is also
the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-confluence-20220318/“>confluence</a> with the 38.2% <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-using-fibonacci-retracements-20220421/“>Fibonacci
retracement</a> level and the red long period <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
average</a>. It’s very likely that the sellers will lean on this level with defined
risk and target again the support. </p><p class=“MsoNormal“>On the 4
hour chart below, we can see more closely the range between the 1731 support
and the 1800 <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>resistance</a>. The buyers will need to break
above the resistance supported by a fundamental catalyst to confirm the
breakout and start a rally towards the 1900 level. The sellers will most likely
use the resistance to pile in again and target a break below the 1731 support. </p><p class=“MsoNormal“>On the 1 hour chart, we can see
that the market is trading in a channel and that is <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>diverging</a> with the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a> right when it approaches the
resistance. This is a signal of a loss of the buying momentum and it’s another
good signal for the sellers. A possible catalyst may be today’s <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>US Jobless Claims</a> report where a beat should make
the market to price out some of the extreme dovishness in rates and send the
Russell 2000 lower, and a miss (although it should be bearish too) may give the
breakout the buyers are looking for as the market will look at rate cuts
earlier than expected. </p>

This article was written by ForexLive at www.forexlive.com.

<p class=“MsoNormal“>Hype is
quickly building for the Finance Magnates Africa Summit (FMAS:23), which is
coming in a matter of weeks. The biggest event of the year on the continent will
be held May 8-10, 2023 at the luxurious Sandton Convention Centre in
Johannesburg, South Africa.</p><p class=“MsoNormal“>While the event
has something for all attendees, FMAS:23 will be of particular interest for
retail traders. This includes the showcasing of new trading technologies and
retail trading strategies that you won’t be able to see anywhere else.</p><p class=“MsoNormal“>FMAS:23 will
feature the industry’s biggest brokers and brands, as well as A-list traders,
specialists, and experts. Network, learn, and engage with the best in the business
at what will be an unforgettable event this May.</p><p class=“MsoNormal“>New
Technology, Trading Strategies in Focus at FMAS:23</p><p class=“MsoNormal“>The doors of
FMAS:23 will swing open in less than two months. Nowhere else do attendees have
the opportunity to speak directly with so many trading experts and leading
brands at one time in Africa. FMAS:23 will feature a total of 2.5 days of sessions,
workshops, panels, discussions, and more, touching on every corner of the
retail trading industry. </p><p class=“MsoNormal“>As a
reminder, registration for the event is now live and available for <a target=“_blank“ href=“https://events.financemagnates.com/fmas2023/register/“ target=“_blank“ rel=“follow“>signup today</a>!
With over 3000+ Attendees, 70+ Exhibitors, 100+ Brokers, and 50+ Speakers,
FMAS:23 will function as your gateway into Africa.</p><p class=“MsoNormal“>Join
thousands of like-minded individuals who all have the same thing on their minds.
The event will serve as a celebration and coming out of the African retail
trading industry, which for years has been building in momentum and attraction.</p><p class=“MsoNormal“>With so much
potential, the decision to host FMAS:23 in South Africa was an easy one to
make. Explore the <a target=“_blank“ href=“https://www.financemagnates.com/fm-events/fmas23-explore-the-live-agenda/“ target=“_blank“ rel=“follow“>live
agenda</a> today and see what sessions, panels and workshops resonate with your
interests the most.</p><p class=“MsoNormal“>
Start Off FMAS:23 the Right Way</p><p class=“MsoNormal“>The event kicks off with
a bang at the Blitz Party, which looms as the most prestigious opening party of
the year. Get ready to mingle with fellow attendees, traders, and more, while
networking with the best in the business. This is your chance to live the life
of luxury, meet the most influential people in the retail trading industry and
start the expo off the right way.</p><p class=“MsoNormal“>Get ready to rub
shoulders with some of the biggest names in the finance industry. The Finance
Magnates Africa Summit attracts top-level leaders, brands, and more from across
the globe, providing an unparalleled opportunity to network with and learn from
the best. Whether you’re looking to make new connections or simply see what’s
out there ahead of the event itself, this is the place to be.</p>

This article was written by ForexLive at www.forexlive.com.

<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/as-the-banking-turmoil-ebbs-what-is-the-fed-pricing-looking-like-20230329/“>As the banking turmoil ebbs, what is the Fed pricing looking like?</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/ecbs-lane-rates-must-rise-if-banking-tension-has-no-or-fairly-limited-impact-20230329/“>ECB’s Lane: Rates must rise if banking tension has no or ‚fairly limited‘ impact</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/ecbs-kazimir-we-agreed-not-to-give-guidance-about-may-policy-meeting-20230329/“>ECB’s Kazimir: We agreed not to give guidance about May policy meeting</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/centralbank/bojs-kuroda-japan-is-closer-than-before-to-sustainably-hit-2-inflation-target-20230329/“>BOJ’s Kuroda: Japan is closer than before to sustainably hit 2% inflation target</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/germany-april-gfk-consumer-confidence-295-vs-292-expected-20230329/“>Germany April GfK consumer confidence -29.5 vs -29.2 expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/france-march-consumer-confidence-81-vs-81-expected-20230329/“>France March consumer confidence 81 vs 81 expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/uk-february-mortgage-approvals-4354k-vs-4050k-expected-20230329/“>UK February mortgage approvals 43.54k vs 40.50k expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/us-mba-mortgage-applications-we-24-march-29-vs-30-prior-20230329/“>US MBA mortgage applications w.e. 24 March +2.9% vs +3.0% prior</a></li></ul><p>Markets:</p><ul><li>EUR leads, JPY lags on the day</li><li>European equities higher; S&amp;P 500 futures up 0.9%</li><li>US 10-year yields down 1 bps to 3.558%</li><li>Gold down 0.5% to $1,963.49</li><li>WTI crude up 1.0% to $73.96</li><li>Bitcoin up 3.6% to $28,319</li></ul><p style=““ class=“text-align-justify“>It was a light session in terms of headlines as markets are still coming to terms with the aftermath of the banking turmoil.</p><p style=““ class=“text-align-justify“>Equities nudged higher after a bit of a hiccup in Wall Street yesterday while bond yields initially moved up before coming down mid-way through European morning trade. In FX, the dollar sits a bit more mixed after having held slight gains at the start of the session.</p><p style=““ class=“text-align-justify“>European stocks are enjoying a good start to the day, pulling higher after a positive open, with gains also observed in US futures with tech sentiment rebounding.</p><p style=““ class=“text-align-justify“>Meanwhile, European and US bond yields were initially higher but erased that advance to fall lower, hinting at a push and pull as traders are still sorting out their feet ahead of month-end and quarter-end trading. There are also bigger factors to consider, as outlined <a target=“_blank“ href=“https://www.forexlive.com/news/bond-yields-trip-lower-as-traders-continue-to-reassess-the-outlook-20230329/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>Looking over to major currencies, the yen is the laggard as it builds on losses from Asia trading. I mentioned <a target=“_blank“ href=“https://www.forexlive.com/news/dollar-holds-slightly-higher-so-far-on-the-day-20230329/“ target=“_blank“ rel=“follow“>here</a> how it looks to be a catch up play to yields after USD/JPY did drop yesterday, with the pair rising from 131.70 to 132.20 in European trading – now up nearly 1% on the day.</p><p style=““ class=“text-align-justify“>Elsewhere, EUR/USD was choppy as it fell slightly to 1.0820 before climbing back up to sit 0.2% higher at 1.0865 at the moment. GBP/USD also saw a similar swing from 1.2305 to 1.2350 levels at the moment, up 0.1% on the day.</p><p style=““ class=“text-align-justify“>The antipodeans are among the laggards, with AUD/USD down 0.4% to 0.6680 and NZD/USD down 0.2% to 0.6240 as both currencies erase their advance from yesterday despite the better risk mood.</p><p style=““ class=“text-align-justify“>As much as market players would like to latch on to a theme to build something with, it looks like the potential mess involving month-end and quarter-end is preventing any real convictions for the time being.</p>

This article was written by Justin Low at www.forexlive.com.

<p class=“MsoNormal“>Traders today
have become more savvy and smarter. This may be attributed to educational
trading websites that abound, offering valuable and useful insights into
trading.</p><p class=“MsoNormal“>A large number
of beginner traders may come into forex with certain preconceived ideas and
misconceptions. However, it’s never too late to expand your learning and
develop a clearer and more insightful view of the industry. </p><p class=“MsoNormal“>Here we offer some
useful trading tips to get you started and help you build a strong trading
process. Finding your trading strength and discovering fresh trading ideas is
part of the trading process of becoming the trader you aspire to.</p><p class=“MsoNormal“>Choosing a
trading style</p><p class=“MsoNormal“>Based on the
length of time that trades are held, we have four main trading styles:
scalping, day trading, swing trading and position trading. </p><p class=“MsoNormal“>Scalping trades
are very quick, and are held for just a few seconds or a few minutes. Day
trades can be held from a few seconds to a few hours. Swing trades can be held
for a few days while position trades can be held for a few days up to several
years.</p><p class=“MsoNormal“>If you are just
starting, you may find it difficult to decide which style suits you best. But
there are certain personality traits that go with each trading style. Here are
a few pointers. </p><p class=“MsoNormal“>Scalping suits traders who can make fast decisions. Day trading
is for those who want to complete a task on the same day. More patient traders
who may leave trades open overnight are best suited for swing trading.
For the most patient and those traders who are not after quick trades, position
trading is more suitable as it is a long-term trading style.</p><p class=“MsoNormal“>Trading as a
business</p><p class=“MsoNormal“>You need to
treat trading as a business, cultivate consistency and follow a specific
program. Like a business, which promotes its products consistently, a trader
needs to remain focused and follow a specific plan, pattern and setup. It’s all
about commitment. </p><p class=“MsoNormal“>Choose the best broker you can find</p><p class=“MsoNormal“>With so much choice nowadays, traders
can find a broker who provides what they want. There are brokers with the best
education, the best platforms and the best trading conditions. Choose wisely
and leverage as many benefits and tools as you can to streamline your trades. First
and foremost, make sure that you have the right tools for the trade. </p><p class=“MsoNormal“>Once you
have access to the right platforms and the best trading conditions, you can
test different trading strategies so you can work towards a successful trading process
for the long term. <a target=“_blank“ href=“https://www.t4trade.com/en/?utm_source=media&amp;utm_medium=fl&amp;utm_campaign=publication&amp;utm_id=orm&amp;utm_term=Top-Trading-Tips-for-2023&amp;utm_content=homepage“ target=“_blank“ rel=“follow“>T4Trade</a> provides access to 300 trading instruments
across 6 asset classes with superb trading conditions. Traders can open one of
the different account types and trade with zero commission on any of <a target=“_blank“ href=“https://www.t4trade.com/en/platforms/?utm_source=media&amp;utm_medium=fl&amp;utm_campaign=publication&amp;utm_id=orm&amp;utm_term=Top-Trading-Tips-for-2023&amp;utm_content=trading-platforms“ target=“_blank“ rel=“follow“>T4Trade’s trading platforms</a>. Additionally, T4Trade supports its traders
with exclusive trading education including <a target=“_blank“ href=“https://www.t4trade.com/en/academy/webinars/?utm_source=media&amp;utm_medium=fl&amp;utm_campaign=publication&amp;utm_id=orm&amp;utm_term=Top-Trading-Tips-for-2023&amp;utm_content=webinars#/upcoming“ target=“_blank“ rel=“follow“>webinars</a>, <a target=“_blank“ href=“https://www.t4trade.com/en/academy/podcasts/?utm_source=media&amp;utm_medium=fl&amp;utm_campaign=publication&amp;utm_id=orm&amp;utm_term=Top-Trading-Tips-for-2023&amp;utm_content=podcasts“ target=“_blank“ rel=“follow“>podcasts</a> and <a target=“_blank“ href=“https://www.t4trade.com/en/academy/video-on-demand/?utm_source=media&amp;utm_medium=fl&amp;utm_campaign=publication&amp;utm_id=orm&amp;utm_term=Top-Trading-Tips-for-2023&amp;utm_content=video-on-demand“ target=“_blank“ rel=“follow“>video on demand.</a></p><p class=“MsoNormal“>Look at the
bigger picture</p><p class=“MsoNormal“>Check the
bigger timeframes to look for long-term trends and avoid just looking at weekly
and daily charts. Forming trading ideas
and understanding the bigger picture will allow you to have an overall
understanding of the market. Once you do that, you can begin looking at smaller
timeframes and explore short-term opportunities.</p><p class=“MsoNormal“>Understand
Asset Correlations</p><p class=“MsoNormal“>By
understanding the positive or negative correlation between two assets you can
grasp better opportunities. A positive correlation means that the two assets
will move in a similar direction, while a negative correlation means that the
two assets will move in oppositie directions. </p><p class=“MsoNormal“>The US dollar and gold have a
negative correlation, whereas commodity currencies such as the Australian and
New Zealand Dollars have a positive correlation due to the proximity of the two
countries as well as their trading relationship. Australia is New Zealand’s biggest trading
partner.</p><p class=“MsoNormal“>Understanding
about these dynamics will enable you to speculate on the movement of currencies
more confidently and create a strong trading process.</p><p class=“MsoNormal“>Manage your
risk</p><p class=“MsoNormal“>No one wants to
lose money, but trading is unpredictable and even the best traders incur
losses. To better manage your risk and limit your losses, you need to calculate
your risk on each trade and know when to enter or close a trade. Ensure you always use stop losses to protect
yourself from unexpected moves.</p><p class=“MsoNormal“>Check your
emotion</p><p class=“MsoNormal“>One of the
biggest risks to traders is their own psychology. Fear and greed can lead to
increased losses as traders may make rushed and irrational decisions. Emotional
trading is risky and in order to develop a successful trading process, you have
to reduce emotion to the minimum. </p><p class=“MsoNormal“>Too many traders trade on emotions instead of
following cold hard facts. Having a trading plan and keeping a trading journal can help you keep your
emotions in check so you can trade with your mind and not your emotions.</p><p class=“MsoNormal“>Trading is a
process</p><p class=“MsoNormal“>Developing a strong trading process and having clear trading ideas will not happen
overnight. Trading is a process of learning, testing strategies, making
mistakes and learning from them. </p><p class=“MsoNormal“>While traders need to act fast to grasp
opportunities, this doesn’t mean that it’s easy. Very often, it takes years of
knowledge, patience and practice to get to a point where you can trade with
some confidence. Impatience has no room in trading, as this can lead to
mistakes. Those who study, practice and remain focused will be rewarded in the
long term. </p><p class=“MsoNormal“>Stay in the
loop</p><p class=“MsoNormal“>The forex
market is changing and along with it there are new trends in trading and
software. Being aware of new trends and new technologies will help you stay
ahead of the game. With new indicators, advances in AI technology and
back-testing software, understanding the tools of the market and how to use
them to your benefit will keep you informed and ready to face new exciting
challenges.</p><p class=“MsoNormal“>Trading is a
long process. However, if you know what you’re doing, you will eventually build
your trading strength and develop a successful trading process. It won’t happen
in a few months, but it may take a few years of consistent work. As Bill
Lipschutz said, “If most traders would learn to sit on their hands 50 percent
of the time, they would make a lot more money.” Keep trying and if you need to,
take the necessary risks. </p><p class=“MsoNormal“>Trading is a balancing act of doing too much and too
little. As many have said, trading is an art rather than a science, with its
own rules and patterns. Learning how to navigate this challenging landscape is
part of becoming a better trader. </p><p class=“MsoNormal“>DISCLAIMER:
This information is not considered as investment advice or an investment
recommendation, but is instead a marketing communication.</p>

This article was written by ForexLive at www.forexlive.com.

<ul><li>Prior +3.0%</li><li>Market index 227.3 vs 221.0 prior</li><li>Purchase index 172.7 vs 169.3 prior</li><li>Refinance index 504.4 vs 481.3 prior</li><li>30-year mortgage rate 6.45% vs 6.48% prior</li></ul><p style=““ class=“text-align-justify“>As rates fall lower, the refinance index hits a 6-month high as overall activity continues to pick up in the mortgage market. A third straight week of a drop in borrowing costs is certainly helping with mortgage applications rising for a fourth consecutive week. That said, overall levels of activity are still rather depressed and that is evident by the chart below (which just shows a slight bounce in refinance activity after having touched the lowest since 2000 in the final week of last year):</p><p style=““ class=“text-align-justify“>/<a target=“_blank“ href=“https://www.forexlive.com/terms/u/us-dollar/“ class=“terms__main-term“ id=“fddda8f4-d5f8-4ee4-8e34-3760ed062f3c“>US Dollar</a></p>

This article was written by Justin Low at www.forexlive.com.