Mindblown: a blog about philosophy.
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Forex Watchlist: USD Has Room for Pullback Ahead of the U.S. CPI Release
Think you’re ready for tomorrow’s U.S. CPI report? Not before you see where the U.S. dollar index is trading ahead of the release! See, the U.S. dollar has been in an observable uptrend since the start of the year but it wasn’t until early August when price patterns started showing an ascending channel. On a technical basis, the dollar has…
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Commodities Watchlist: Is WTI Crude Oil in for More Losses?
Who do you think is having a worse week? Ye whose brand Yeezy got canceled by its bank JP Morgan Chase? Or OPEC+ members who are looking at today’s U.S. crude oil prices? I’m sure we’ll soon find out how Ye feels about JP Morgan Chase but for now OPEC+ members must NOT be liking the…
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Forex Watchlist: GBP/JPY Is Testing a Key Resistance
GBP is having a good week against JPY! Will the party end at the top of a technical range? Check out Guppy’s 4-hour chart to see what I’m talking about! GBP/JPY: 4-hour GBP/JPY 4-hour Forex Chart In case you missed it, GBP saw a redemption arc mid-week when word got around that the Bank of England…
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Quiz: What Is Your Trading Style? Discretionary? Mechanical? Both?
Some forex traders live and die by technical indicators while others couldn’t care less about them. Some rely heavily on their own fundamental or technical analysis while some like to let robots do the thinking. This test is designed to help you determine whether your personality suits discretionary, hybrid or mechanical (automated) trading. Take the results with a grain of salt. The…
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Quiz: What Is Your Level of Trading Experience?
Are you a noob struggling to make sense of all the seemingly complicated trading concepts? Or are you an expert trader searching for bigger challenges? There’s an overwhelmingly large amount of information out there and we don’t want you to get lost! That’s why we decided to come up with this quiz that will help…
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Quiz: Which Currencies Should You Trade?
Each currency pair is unique. As Dr. Pipslow said about finding your trading niche, each set of currency pairs has its own behavioral tendencies that set it apart from the others. It is important to match your personality with the behaviors of the pairs you trade. We already talked about the majors, the comdolls, and the crosses in…
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Quiz: Which Trading Style Is Best For You?
During Junior Year in the School of Pipsology, we learned that each forex trader is unique and that various trading styles fit different types of personalities. If your personality doesn’t match your style of trading, you could wind up hurting your account AND your ego. This quiz can help you find out whether you are better off…
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How To Protect Yourself From Forex Scams
So what have we learned? Scams ARE real! Yes! Really bad people are out there trying to make a dishonest living. However, unlucky for them, you are smart! You know that the only way to succeed in currency trading is to learn from square one and gain trading experience! Now say this three times out…
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Foreign Regulatory Agencies
UK: The FCA and PRA If you live in the U.K., the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are for you! On April 1, 2013, both of these agencies replaced the Financial Services Authority (FSA) as the financial industry’s regulatory bodies. The Financial Conduct Authority is a non-government agency funded by the firms they regulate, and…
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U.S. Regulatory Agencies
Despite the forex market is the largest financial market in the world, it remains largely unregulated. There is no international organization or global agency that monitors and oversees the currency trading occurring all over the world in the interbank. Due to the unregulated nature of the spot FX market, this opens up the opportunity for…
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