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Scalping is a trading strategy geared towards profiting from minor price changes in a stock's price. Traders who implement this strategy place anywhere from 10 to a few hundred trades in a single day with the belief that small moves in stock prices are easier to catch than large ones. Many small profits can easily compound into large gains if a strict exit strategy is used to prevent large losses. Your partner to #success 👉 www.fxgrow.com #Learning #Forex #Trading #Finance #Economics #Investment #Forextrading #ForexTradersTypes

Major Economic News Events for this week 📅 🕒 Keep an eye on the upcoming market events which may impact your trading. ✅09/09 - 5:00pm - USD - Final Wholesale Inventories m/m ✅10/09 - 3:10pm - CAD - BOC Gov Macklem Speaks ✅11/09 - 3:30pm - USD- Core CPI m/m ✅12/09 - 3:30pm - USD - Unemployment Claims ✅13/09 - 5:00pm - USD - Prelim UoM Consumer Sentiment Follow us on Telegram for for daily update news and tips: https://lnkd.in/dRgXzpS2 _________________ #FxGrow #MarketNews #Trading #Finance #Economics #Investment #Forextrading #CPI #FED

The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5th, 2024, during which the eight member countries emphasized their collective resolve to ensure full compliance with the voluntary production adjustments. The group includes Iraq and Kazakhstan, who have overproduced since January 2024, but have strongly reaffirmed their commitment to the agreement and to their compensation schedules submitted to the OPEC Secretariat as agreed under the 53rd meeting of the JMMC on April 3rd 2024. NFP report expectations: +164K jobs, +0.3% m/m earnings, unemployment at 4.2%. The leading indicators point to an as expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 130K-200K range. Moreover, the US Dollar Index (DXY) remains under pressure, despite last week’s bounce. The Japanese Yen continues to strengthen against the U.S. dollar, supported by recent positive data from Japan. In July, Japan’s Labor Cash Earnings increased by 3.6% year-on-year, a slowdown from June’s 4.5% rise where it was the highest since January 1997, but still exceeding market expectations of 3.1%. This robust performance has fueled speculation that the Bank of Japan (BoJ) might raise interest rates again before the end of 2024. Additionally, Jibun Bank’s Services PMI for August was revised to 53.7 from an initial estimate of 54.0, marking the seventh straight month of expansion in the service sector, although the figure remains steady from July. Follow us on Telegram for for daily update news and tips: https://lnkd.in/dRgXzpS2 _________________ #FxGrow #MarketNews #Trading #Finance #Economics #Investment #Forextrading

Momentum trading involves entering a stock position as its price begins to ascend and exiting as soon as it starts to decline. This strategy is based on the observation that stock prices often do not reflect their true value for prolonged periods, and they tend to move in a single direction for extended durations. Your partner to #success 👉 www.fxgrow.com #Learning #Forex #Trading #Finance #Economics #Investment #Forextrading #ForexTradersTypes

Bull market is the term used to describe a financial market in which prices are rising or are expected to rise. It is most often used to refer to the stock market but can be applied to anything that is traded, such as bonds, real estate, currencies, and commodities. Prices of securities rise and fall continuously during trading. But a bull market occurs over extended periods of time during which a large portion of security prices rise overall. Bull markets tend to last for numerous months or even years. Follow us on Telegram for for daily update news and tips: https://lnkd.in/dRgXzpS2 _________________ #FxGrow #MarketNews #Trading #Finance #Economics #Investment #Forextrading

We asked Mohamad Mazeh, Head of Brokerage and Platform Administration at FxGrow about infrastructure migration pains This is what he had to say ➡️

EUR/USD came into the week overbought and the US Dollar showed its first oversold RSI reading on the weekly chart since January of 2018. Both markets have shown mean-reversion so far this week but it’s tomorrow’s data that looms large on the matter. It was all about Nvidia's earnings, and how the market would react to them, and... well, it left a bit to be desired. After initially spiking as high as $128 on blowout Q2 earnings, NVDA then dumped instantly as the market was disappointed with the company's Q3 guidance, before staging a modest rebound into the Thursday premarket, only to see the gains then fade, and slide more than 6%, and wiping out $200 billion in market cap. USCrude: oil trades, opened at the short-term downtrend's key resistance 76.79 - 76.30, have reached the first bearish target. If the asset breaks through the 74.07 level, the decline will continue. Follow us on Telegram for for daily update news and tips: https://lnkd.in/dRgXzpS2 _________________ #FxGrow #MarketNews #Trading #Finance #Economics #Investment #Forextrading

Swing trading is a type of trading in which positions are held for a few days or weeks in order to capture short- to medium-term profits in financial securities. Swing traders use technical analysis to make trading decisions. Most fundamentalists are swing traders since changes in corporate fundamentals generally require a short amount of time to cause sufficient price movement to render a reasonable profit. The style of swing trading lies somewhere between day trading and trend trading. Your partner to #success 👉 www.fxgrow.com #Learning #Forex #Trading #Finance #Economics #Investment #Forextrading #ForexTradersTypes

Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Follow us on Telegram for for daily update news and tips: https://lnkd.in/dRgXzpS2 _________________ #FxGrow #MarketNews #Trading #Finance #Economics #Investment #Forextrading

Start your trading journey with the support of our top-notch trading conditions. 📈💰 Don’t have an account? You are minutes away, register now 👇 https://lnkd.in/em-8d2bW #FxGrow #Finance #Economics #Investment #Forextrading