Make your weekend valuable with this book. Happy weekend.🥂 Stay at home. Stay safe!

Morning Monday Daily Profit Goals 😉

Price Of Gold 1915-2020

Back to Basics ( candle stick/Chart strong patterns )

Good morning trader 😉

⚠️ LEVERAGE ⚠️


📕Did you know leverage is actually your account killer? The higher the leverage, the more risk you take. Don't be fooled by traders who know Forex and likewise to take high leverage to maximize profits. That is wrong!!!

📕Leverage is a loan, stock market leverage is called purchasing power. Brokers for loans to traders to increase the value of your money. For example, your deposit value is $ 1000, and you choose a leverage of 1: 500, meaning $ 1000 x 500 = $ 500,000 is the value of your virtual deposit. With a value of $ 500,000 you can trade say max 1.0 lots which is worth $ 100,000. Without leverage, you cannot trade $100,000 because your bankroll is $1000 and you can only trade $1000 and below, but the minimum offered is $10,000 (except cent accounts, but this account is not a real market deal)

📕Imagine you buy USD with a value of $ 100,000 while your actual money is only $ 1000, here you can see your risk has increased to $ 100,000 / $ 1000 x 100% = 100% risk. If the market drops within 100 pips, you have lost 100% of your money. 100 pips is equal to 1 cent in the real market.

📕So the risk you have taken to trade 1.0 lots is 100% risk. If you trade 2.0 lots, you are already at risk of 200%. So where are the profit opportunities? It's just a risk.

📕So be wise in choosing leverage because it's wrong, it will bring consequences. There is no denying the opportunities for profit exist, but without proper risk control the risks will outweigh the rewards. Be safe and smart.

#COPYPASTE#

The US dollar has fallen far ahead of the interest rate decision.

Treasury yields also moved sharply lower which tells us that investors are positioning for dovishness. How the greenback trades tomorrow will depend on Powell's tone. Back in June, he said a second-half recovery was likely but with virus cases increasing rapidly, the outlook was bound to change. Given that markets are expecting some caution, we may not see any big dollar moves post the FOMC – unless the central bank mentions that negative rates are back on the table which could unleash a fresh round of dollar selling.

Good Morning Rekan Trader, Keep Spirit and Always Be Positive 😉