Kathy Lien
BKTraders and Prop Traders Edge
In this video, I reveal four powerful trading strategies used by bank traders, drawn from my first-hand experience as JP Morgan's youngest-ever forex trader.
Learn how to apply professional bank trading techniques from the comfort of your home.
Special focus on practical applications for retail traders, including specific entry/exit rules and optimal trading hours. I share real chart examples and explain exactly how to identify high-probability setups.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.
Editors’ Picks
EUR/USD keeps the rangebound trade near 1.1850
EUR/USD is still under pressure, drifting back towards the 1.1850 area as Monday’s session draws to a close. The modest decline in spot comes as the US Dollar picks up a bit of support, while thin liquidity and muted volatility, thanks to the US market holiday, are exaggerating price swings and keeping trading conditions choppy.
GBP/USD trades with negative bias, eyes 1.3600 ahead of UK jobs data
The GBP/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and holds above the 1.3600 mark through the Asian session on Tuesday. Traders now look forward to the release of the UK monthly jobs report, which will influence the British Pound and provide some impetus to the currency pair.
USD/JPY struggles to capitalize on strength beyond 153.75 hurdle
The USD/JPY faces resistance near the 153.75 zone during the Asian session on Tuesday, stalling the previous day's positive move as divergent BoJ-Fed policy expectations offer some support to the Japanese Yen. That said, Japan's weak Q4 GDP print, released on Monday, tempered bets for an immediate BoJ rate hike. This, along with the underlying bullish sentiment, warrants caution for the JPY bulls and could act as a tailwind for the currency pair.
Editors’ Picks
AUD/USD remains confined in a range below 0.7100 after RBA minutes
AUD/USD extends the sideways consolidative price move and reacts little to the RBA February minutes, which reinforced a tightening bias. The hawkish outlook, however, fails to provide any impetus to the Australian Dollar as the risk of another rate hike is already priced in. In contrast, bets for more rate cuts by the Fed keep the US Dollar bulls on the defensive and act as a tailwind for the Aussie amid the underlying bullish sentiment.
USD/JPY struggles to capitalize on strength beyond 153.75 hurdle
The USD/JPY faces resistance near the 153.75 zone during the Asian session on Tuesday, stalling the previous day's positive move as divergent BoJ-Fed policy expectations offer some support to the Japanese Yen. That said, Japan's weak Q4 GDP print, released on Monday, tempered bets for an immediate BoJ rate hike. This, along with the underlying bullish sentiment, warrants caution for the JPY bulls and could act as a tailwind for the currency pair.
Gold sticks to a negative bias below $5,000; lacks bearish conviction
Gold remains depressed for the second consecutive day and trades below the $5,000 psychological mark during the Asian session on Tuesday, as a positive risk tone is seen undermining safe-haven assets. Meanwhile, bets for more interest rate cuts by the Fed keep a lid on the recent US Dollar bounce and act as a tailwind for the non-yielding bullion, warranting caution for bearish traders ahead of FOMC minutes on Wednesday.
AI Crypto Update: Bittensor eyes breakout as AI tokens falter
The artificial intelligence (AI) cryptocurrency segment is witnessing heightened volatility, with top tokens such as Near Protocol (NEAR) struggling to gain traction amid the persistent decline in January and February.
US CPI is cooling but what about inflation?
The January CPI data give the impression that the Federal Reserve is finally winning the war against inflation. Not only was the data cooler than expected, but it’s also beginning to edge close to the mystical 2 percent target. CBS News called it “the best inflation news we've had in months.”
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
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Top 10 Chart Patterns Every Trader Should Know
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7 Ways to Avoid Forex Scams
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What Are the 10 Fatal Mistakes Traders Make
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The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.