🔹Market news:

1. New Zealand's annual net migration rose to 128,919 in October.
2. The Bank of Japan is said to not need to end negative interest rates in December.
3. The draft COP28 agreement calls for a rapid reduction in the amount of unprocessed coal.
4. Jen-Hsun Huang: NVIDIA hopes to build Vietnam into the company's "second home".
5. The Russian government announced it will suspend exports of strong gluten wheat until the end of May next year.
6. The Immigration Minister resigns and the UK's “Rwanda Plan” suffers another failure.
7. Super Thursday is coming: Except for Norway, other central banks are expected to continue delaying.
8. President of Guyana: Oil production continues despite threats from Venezuela.
9. New York Fed survey: US one-year inflation expectations fell to 3.4% in November, the lowest level since April last year.

❗️IMPORTANT RULE❗️ 🚨 For any Order you should use 2 % from your account , some traders can't calculate it !!!!!!
Ex : If your account is 1000 $ * 2% = 20 $
so , if SL hitted you will not lose more than 20 $
whatever SL 50 pips or 100 pips , your loss can't be more than 20$

🚨To do that you should adjust position size (Lot size)
use online lot size calculator ,it will help you much
https://www.babypips.com/tools/position-size-calculator

🚨Remember that Money Management and Risk Management are Forex Holly Grail

(1)Like any other market, the Forex market is volatile. It causes emotional swings from joy to sadness for traders. For successful trading, it’s necessary to manage emotions effectively. Traders should remain calm, regardless of the market fluctuations and this allows them to avoid impulsive reactions and stick to their trading plans. With maintained emotional stability, traders make rational decisions based on market analysis.

(2)Emotional intelligence is one of the biggest challenges to overcome for any trader. Why do the majority of novice traders fail? That’s because their decisions were based on emotional connections. Thus, emotional stability is a trading skill that every trader should learn.

(3)A good plan is helpful for many activities, not just trading. Truth be told, many traders succeed without planning their actions. But this is an exception, not a rule. Before starting trading seriously, a trader should know what to do, set goals, find out a proper approach, and master the basics of technical analysis and risk management. Without a detailed trading plan, it will take much more time for a trader to achieve long-term success.

(4)Anyone can come and start trading on the Forex due to its low entry barrier. However, those that are eager to get the most out of it should understand this environment, make their own path to tread it, and succeed. In other words, every successful Forex trader should have a unique perspective and strategy on how they get rich.