UK Market Focus 🇬🇧🇬🇧 - Cable Trade Update
Long live our noble Queen!
God save the Queen!
Send her victorious,
Happy and glorious,
Long to reign over us,
God save the Queen.
🇬🇧
Forex Markets
Sticking with the UK economic theme that we’ve been following recently, we saw another miss of expectations in UK retail sales.
BoE Governor Mark Carney was also quoted as saying that rates are likely to continue to rise alongside the US, but wasn’t hawkish about May. With retail sales missing like they did, the market took this as gospel and GBP got smashed as a result.
Now remember on yesterday’s blog, we were trading Cable? Here’s a refresher if you weren’t around:
GBP/USD Hourly
This of course means we look for short term retests to short so we’re on the right side of the higher time frame chart and maximising our risk reward with smarter entries.
GBP/USD Hourly Updated
Mark your levels on all time frames and just trade them. This one couldn’t have gone any better.
🤑.
@forexbrokr | Steemit Blog
Market Analyst and Forex Broker.
Twitter: @forexbrokr
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Very nice post
Is it though? Why?
Is there an explanation for friends who have suffered from (Forex Markets) ?.
Is the cause of the suffering that they do not have enough experience.
What do you mean by ‘suffered from forex markets’? Elaborate on your friends’ situation?
LEARN before you EARN is the most simple way to explain success in the forex market, impatience greed and fear kills every armature traders. BULLS make money BEARS makes money and PIG's without investment plan and discipline will surely get hunted and roasted by the market.
get an investment plan
master a strategy
trade your demo account till you can kill fear
the day you trade with a $20 demo account and build it up to $20, 000 then you are good to go in to the market.
if you cant then the market will be ready to re-roast you. for every time you think you are smart, the market will humble you.
lastly to cut down the long story. get a mentor and this will cut your long term anticipated success and bring it closer to you.
cheers
Long live the Queen
Is this what most Nigerians think? 😶
Not really
Thought not haha.