Weekly FX Drive-Thru

Thoughts to help you trade forex consistently

Weekly FX Premium

THE FUNDAMENTALS ARE STARTING TO INTENSIFY

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I have said this a few times in a few different places, I am not a fan of the current market. We are rangebound to a large extent and volatility has been a little muted. Largely, we are witnessing false breakouts such as the EUR/USD, well, at least I am interpreting the moves as such, and the moves lower whilst being mainly corrective, they could also be interpreted as consolidatory.

I have always said PATIENCE and CONVICTION are critical success factors for trading Forex, and these have a greater relevancy for longer-term traders such as myself. I treat the current market as nothing more than noise and I am simply waiting and adding to existing positions tactically at levels that I see as meaningful for my trading style.

Moving on...

As a FUNDAMENTAL trader things are happening. The markets are jittery as there are huge chunks of uncertainty filtering through at all levels. In this weeks “DRIVE THRU”, I am looking at these FUNDAMENTALS.

Enjoy.

THE WEEKLY FX DRIVE THRU ZOOM (YouTube):

 

THE WEEKLY FX PREMIUM PERFORMANCE:
MAY SO FAR:

WKLY TOTS 120523

Full supporting data regarding the WEEKLY FX PREMIUM is on my website under the heading “HISTORY / PERFORMANCE” – The Weekly FX Premium this year’s performance, use the following link: -  https://www.weeklyfxdrivethru.com

For more information on me and how I trade via THE WEEKLY FX PREMIUM...

If you visit my website, you will find lots of additional supporting information about the way I trade. The link below should be helpful.

https://weeklyfxdrivethru.com/what-is-the-weekly-fx-premium/

THE CLOSE:

Finally, always remember longevity in Forex trading can only be achieved through trading with a good MINDSET, RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.

Be grateful for your wins and count them. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.

Scott Pickering
The Pip Accumulator

Twitter: @weeklyfxpremium - (Restricted feed)
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BLOG VERSION: #500 FREE NEWSLETTER VERSION
DATE: 14th May 2023

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THE WEEKLY FX DRIVE-THRU & WEEKLY FX PREMIUM

FLASH, MOMENTUM, SWING, RADAR, FUNDAMENTAL, BREXIT, INVESTOR and (CORE) POSITION  trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

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