Investors have long become used to the non-stop mighty flow of news, flooding the market. This week is no exception; however, the list of the planned news at the moment looks pretty neutral.
The beginning of October was turbulent, so this week investors must be happy if there will be fewer reasons to increase the volatility. However, there are enough reasons for movements in the macroeconomic calendar, as well as in the list of foreign policy events.
There is no successful Forex player that has achieved a good and stable result without an efficient money management system. Wise and weighted up capital management allows for playing on the high-risk market thanks to marginal trading. In this article we are going to have a look a the main rules and principles of money management on Forex.
The end of September and the beginning of October are not going to be too stressful in terms of the news: planned events able to influence the key assets are rather few, while the macroeconomic statistics are abundant.
The one but last week of September is going to be rather calm for capital and currency markets; everything we were waiting for has already happened. The time has come for consolidation and forecasts of the nearest future.
At the beginning of the new week, capital markets are focused on oil as well as on the approaching session of the Federal Reserve System. Investors are not going to get bored.
In the second week of September, there are going to be lots of interesting events able to move the global markets. Ready! Steady! Go!
The Bank of Canada is not yet ready to change the rate, but the USD plans to strengthen. The price of Bitcoin Cash and Stellar can grow this week.
The world is turbulent, contemplating new stages in the trade war between the USA and China.
This structure of price movement is, in fact, a Wedge pattern. According to the author of the method, a trader should have their unique features and use rare trading instruments in order to be different from the rest of the market players. The Wolfe Waves pattern is able to provide a beginner trader with the keys to a new understanding of market behavior. However, as with any other trading strategy or technical instrument, no matter how successful its trading history may be, much depends on the hands the instrument gets in.