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USOIL, LongPrice has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers picked the price from the $75.73 all the way up to $80.3 by the end of last week's market closing. What do i expect this week?? I expect the USOIL price to retest the support and liquidity zone at $78.24 and with this holding, price could drive up to $81.95 that is if the support holds. My Support is $78.240 and target is $81.95
FX:USOILSPOTLong
by AbeikuGlobal_FX
2
The 9 Rules of Successful Investors The world of investing can be a daunting place, especially for beginners . With so many factors to consider and the potential for significant losses, it can be difficult to know where to start. However, there are a few basic rules that all successful investors follow. By following these rules, you can increase your chances of success and avoid costly mistakes. 1. Be prepared to lose money. This is the first and most important rule of investing. No matter how much research you do or how experienced you are, there is always the possibility of losing money. This is why it is important to only invest money that you can afford to lose. 2. Calculate your risk before opening a trade, not during. Before you open any trade, you should always calculate your risk. This means determining how much money you are willing to lose on the trade. You should also set a stop-loss order to automatically close the trade if it reaches a certain price level. 3. Be in a cold state of mind (without the influence of emotions). Emotions can be a major enemy of successful investing. When you are trading, it is important to stay calm and rational. Do not let your emotions get the best of you, as this can lead to making bad decisions. 4. Open positions only in the direction of the trend. One of the best ways to increase your chances of success in trading is to trade in the direction of the trend. This means identifying the overall trend of the market and then trading in line with that trend. 5. Keep a trading journal with a detailed description of each trade. A trading journal is a great way to track your progress and identify areas where you can improve. In your trading journal, you should record details of each trade, such as the date, time, entry price, exit price, and profit or loss. 6. Regularly analyze your trades. Once you have a few trades under your belt, it is important to take some time to analyze them. This will help you identify what you are doing right and what you need to improve on. 7. Constantly improve yourself. The world of trading is constantly evolving, so it is important to keep up with the latest trends and strategies. There are many resources available to help you learn more about trading, such as books, websites, and courses. 8. Give yourself time to rest from trading. Trading can be a stressful activity, so it is important to give yourself time to rest and recharge. Taking breaks from trading will help you stay focused and avoid making emotional decisions. 9. Profit is only what you have taken and have in your pocket (conditionally), not what the open P&L in the position shows, because it is floating and not fixed profit. This is a reminder that profit is not real until you have taken it out of the market. Do not get too attached to your profits, as they can quickly disappear if the market moves against you. Additional Tips for Successful Investing In addition to the 9 rules listed above, there are a few other things you can do to increase your chances of success as an investor: Do your research. Before you invest in any asset, it is important to do your research and understand the risks involved. This includes understanding the asset's fundamentals, as well as the overall market conditions. Diversify your portfolio. Don't put all your eggs in one basket. By diversifying your portfolio, you can reduce your risk and increase your chances of success. Invest for the long term. The stock market is volatile in the short term, but it has historically trended upwards over the long term. By investing for the long term, you can ride out the short-term fluctuations and maximize your returns. Don't panic sell. When the market takes a downturn, it is important to stay calm and avoid panic selling. Selling when the market is down will only lock in your losses. Instead, focus on the long term and ride out the storm. By following these tips, you can increase your chances of success as an investor. However, it is important to remember that there is no guarantee of success. Even the best investors in the world lose money sometimes. The key is to learn from your mistakes and keep moving forward.
Education
by Yaroslav_Krasko
XAUUSD⚡️FOMC Minutes eyed⚡️❤️MY FOREX TEAM❤️ INFORMATION Gold price (XAU/USD) holds above $2,000 during the early Asian session on Monday. US economic data suggests inflation is stickier than expected and prompted financial markets to dial back expectations that the Federal Reserve (Fed) would start cutting interest rates in June. At press time, the gold price is trading at $2,014, gaining 0.12% on the day. 💲BUY GOLD 1980-1985 💲 SL @ 1977 TP 1 @ 1990 TP 2 @ 1998 TP 3 @ 2009 💲SELL GOLD 2027-2030 💲 SL @ 2035 TP 1 @ 2020 TP 2 @ 2010 TP 3 @ 2000 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
2
AUDJPY BEARISH❤️Forex Besties❤️ INFORMATION The strong short-term decline in AUD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 97.47 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 97.04 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 96.80 JPY as an objective. Crossing it would then enable sellers to target 96.41 JPY. Be careful, a return to above 97.47 JPY could jeopardize the reversal. 🔥SELL AUDJPY 97.800 - 98.900 SL @188.127 ✅TP 1 @ 97.600 ✅TP 2 @ 97.300 ✅TP 3 @ 97.100 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Short
by My_Forex_Team