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On September 19th, as market expectations for a Bank of Japan (BoJ) interest rate hike grew, prices for two-year government bonds, sensitive to monetary policy expectations, fell, pushing the yield up 0.5 basis points to 0.885%, the highest level since 2008. The BoJ will announce its interest rate decision later today, with the market generally expecting it to remain unchanged. Investors are closely watching for any clues regarding a September or December rate hike. Uncertainty over tariff policy and the political risks posed by Prime Minister Shigeru Ishibas announced resignation plan complicate the BoJs decision-making environment. However, according to sources familiar with the matter, BoJ officials believe that despite political uncertainty, another benchmark rate hike is still possible this year given that economic development is in line with expectations. According to an institutional survey, most BoJ observers expect a rate hike before January, while the proportion favoring a hike next month has slightly decreased following Ishibas resignation. Overnight index swaps indicate that the market is pricing in a roughly 65% probability of a BoJ rate hike before the end of the year.The yield on 40-year Japanese government bonds fell 1.5 basis points to 3.420%.On September 19th, Jinfang Pharmaceutical-B (2595.HK) officially listed on the Main Board of the Hong Kong Stock Exchange. The stock opened sharply higher in early trading at HK$44, a 115.79% surge from its IPO price of HK$20.4. Based on a 200-share board lot, excluding commissions, the book profit per board lot reached HK$4,722. This strong IPO performance was foreshadowed. In the previous trading days grey market, Jinfang Pharmaceutical-B closed up 110.10% at HK$42.84, with a book profit of HK$4,490 per board lot.The Hang Seng Index in Hong Kong opened at 26,583.03 points, up 38.18 points, or 0.14%, on Friday, September 19; the Hang Seng Tech Index in Hong Kong opened at 6,298.91 points, up 27.69 points, or 0.44%, on Friday, September 19; the CSI 300 Index opened at 9,472.31 points, up 15.79 points, or 0.17%, on Friday, September 19; and the H-share Index opened at 4,230.88 points, down 26.77 points, or 0.63%, on Friday, September 19.At the Hong Kong stock market opening, the Hang Seng Index rose 0.14%, and the S&P 500 Index rose 0.44%. Jinfang Pharmaceutical-B (2595.HK) opened with a 115.79% surge. Auto stocks rose, with NIO (09866.HK) gaining 3.65%.

Forex Trading Tips for Beginners

Drake Hampton

Mar 23, 2022 17:34

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Before you embark on a new endeavor, review the fundamentals. Let's have a look at some trading pointers that every trader should keep in mind prior to trading currency pairs.

1.Awareness of Markets

We cannot emphasize enough how critical it is to educate oneself about the currency market. Take the time to research currency pairings and the factors that impact them before risking your own money; it's a time investment that might end up saving you a lot of money.

2.Construct a plan and adhere to it

Developing a trading strategy is crucial to successful trading. It should contain information about your profit objectives, risk tolerance, approach, and evaluation criteria. Once you've established a strategy, ensure that each deal you evaluate fits inside the limitations of your strategy. Bear in mind that you are most reasonable before to making a transaction and most irrational following the trade.

3.Practice

With a risk-free Top1 Markets practice account, you can put your trading strategy to the test in actual market circumstances. You'll experience what it's like to trade currency pairs while putting your trading strategy through its paces without jeopardizing any of your own money.

4.Predict the market's "Weather Conditions"

Fundamental traders like to trade in response to news and other financial and political inputs; technical traders forecast market movements using technical analysis techniques such as Fibonacci retracements and other indicators. The majority of traders employ a combination of the two. Regardless of your trading style, it is critical that you utilize the tools available to you in order to identify prospective trading opportunities in shifting markets.

5.Be Aware of Your Limits

This is a straightforward yet crucial aspect of future success: recognize your limitations. This involves determining your risk tolerance for each transaction, adjusting your leverage ratio to meet your needs, and never risking more than you can afford to lose.

6.Understand When and Where to Stop

You do not have time to sit and monitor the markets 24 hours a day. Through stop and limit orders, you may better control your risk and safeguard possible winnings by exiting the market at the price you choose. Trailing stops are particularly advantageous; they trail your position at a certain distance as the market moves, so assisting in the protection of profits in the event of a market reversal. Placing contingent orders may not always eliminate your risk of loss.

7.Kiss Your Emotions Goodbye

You now have an open position and the market is not moving in your favor. Perhaps you could compensate with one or two trades that do not suit your trading plan...just a few couldn't hurt, right?

 

"Revenge trading" is rarely successful. Allow no emotion to get in the way of your trading strategy. When you have a losing trade, avoid going all-in and attempting to recoup the loss in one shot; it is better to adhere to your plan and recoup the loss gradually rather than suddenly finding yourself with two catastrophic losses.

8.Proceed Slowly and Consistently

Consistency is a necessary component in trading. While all traders lose money, those that maintain a positive edge have a higher chance of winning. While educating yourself and developing a trading strategy is beneficial, the true challenge is adhering to that strategy with patience and dedication. 

9.Do Not Be Afraid to Investigate

While consistency is critical, don't be hesitant to reassess your trading strategy if things aren't going as planned. Your demands may alter as your experience increases; your strategy should constantly reflect your objectives. If your objectives or financial condition change, your strategy should adapt accordingly.

10.Select the Appropriate Trading Partner

It is vital to select the appropriate trading partner while entering the forex market. Pricing, execution, and the level of customer service all contribute to the quality of your trading experience.

 

Top1 Markets is a global leader in currency trading and offers competitive pricing, superior customer service, and educational guides and tutorials to help you get started trading forex.