Forex traders at family gatherings: ‘Yeah, I trade currencies for a living.’ Family: blinks in confusion 😂 Explaining Forex to non-traders is an art form.

Hit or Run

Pro tip: If a trade looks‘too good to be true,’it probably is. Don't get greedy. Stick to the plan and manage risk carefully.

Trading is more than just analyzing charts. It’s about learning from your mistakes and not letting them define you. Every loss teaches you something—if you’re willing to learn.

The 2024 US presidential election is expected to significantly impact the forex, crypto, and stock markets. Historically, elections have led to increased volatility and currency fluctuations due to changes in economic policies, interest rates, and market sentiment ¹. *Forex Market Impact* A Trump victory could strengthen the US dollar due to expected fiscal expansion, higher spending, lower taxes, and rising debt ². On the other hand, a Democratic victory might lead to mild US dollar weakness, less fiscal expansion, and lower interest rates ². Key factors influencing the forex market during elections include: - _Economic Policies_: Proposed policies by presidential candidates impact currency values ¹. - _Market Sentiment and Uncertainty_: Elections introduce uncertainty, leading to increased volatility ¹. - _Interest Rates and Monetary Policy_: The US Federal Reserve's decisions on interest rates affect the value of the US dollar ¹. *Crypto Market Impact* Cryptocurrencies like Bitcoin and Ethereum may experience increased volatility due to the election's outcome. A Trump victory could lead to stricter regulations, potentially negatively impacting crypto prices ². *Stock Market Impact* The stock market may react to the election outcome based on expected policy changes. A Democratic victory could lead to increased regulations, potentially impacting certain sectors ². To navigate the election's impact on these markets, consider the following strategies: - _Stay Informed_: Monitor polls, debates, and market analysis ¹. - _Diversify_: Spread exposure across different asset classes ¹. - _Use Stop-Loss Orders_: Protect positions from unexpected market moves ¹. - _Focus on Long-Term Trends_: Understand the broader economic and political landscape ¹. Remember, past performance is not indicative of future results, and market reactions can be unpredictable.

The Pound Sterling (GBP) plummets to near 1.2850 against the US Dollar (USD) in North American trading hours on Wednesday. The GBP/USD pair faces an intense sell-off as investors rush to the so-called ‘Trump trades’, with Republican candidate Donald Trump winning the United States (US) presidential election over Democratic rival Kamala Harris. According to the Associated Press, Trump has been elected as the 47th President of the US after he cleared the 270 seats hurdle after winning in the key battleground state of Wisconsin. The impact of Trump's victory is clearly visible in risk-sensitive currencies, which are significantly down against the US Dollar. Meanwhile, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, posts a fresh four-month high at around 105.30. Risk-perceived currencies have been hit hard as investors expect higher import tariffs in Trump’s administration, which will significantly impact exports of United States (US) close trading partners. Trump also promised lower corporate taxes if he wins, which would allow the Federal Reserve (Fed) to maintain a hawkish interest rate guidance. Apart from the US presidential election, investors will also focus on the Fed’s monetary policy meeting, scheduled on Thursday. The Fed is widely anticipated to cut interest rates by 25 basis points (bps) to 4.50%-4.75%. Therefore, investors will pay close attention to the Fed’s commentary on interest rate guidance.

Paul Grewal, Coinbase's Chief Legal Officer, has asked the US Securities & Exchange Commission (SEC) to reconsider how it regulates cryptocurrencies now that Donald Trump has been elected to a second term as president. Ethereum Price Forecast: ETH could see new all-time high as Donald Trump wins US presidential election Ethereum (ETH) is up over 8% on Wednesday, as several decentralized finance (DeFi) tokens have been rising upon news of Republican candidate Donald Trump winning the US presidential elections. The top altcoin could aim for a new all-time high in the coming weeks if the President-elect follows through on his campaign promises to end the government's crypto crackdown.

Hitting it hard 🥶

What if I take this swing Over the Week?