All those, who finished my course knows what news are important and what to do before and after it. I suggest to not trade when the market movement is not clear. This is what happens now.
I only made some fast trades today on my personal and on the investment group’s account.
This happened with the USD:
Do you know what happened with the USD? Why the USD’s value went up and the GOLD’s price went down?
“The dollar surged to a seven-week high, boosted by a rise in U.S bond yields. Bond yields have risen to their highest levels in four years, as inflation has added to expectations of continued rate hikes from the Federal Reserve.
Expectations of higher interest rates tend to boost the dollar by making the currency more attractive to yield-seeking investors.
Higher rates are a negative for gold as the precious metal, which does not pay interest, struggles to compete with yield-bearing assets when rates rise.”
The main problem with trading with USD is the geopoltical issues and the possible ECB news. We don’t even know when the investors will start to buy GOLD again (because of the lower price, or because of any issue). So, we have to be careful now and wait for the market movements.
THIS IS THE STATS OF MY PERSONAL ACCOUNT (account value: $50k, period: 1st of April to 23th of April).
This month, I had many things to do. I have many meetings and last week some of my friends arrived to us for a short vacation. So, sorry about the low results. I am sure that we’ll close the month strong, so if you are an investor, hurry up and join us. If you want to learn about Forex, you will not trade in real account, because this is not a good time for a beginner.