FX.co ★ Forex forecast 01/08/2024: EUR/USD, EUR/CHF, GBP/USD and Bitcoin from Sebastian Seliga

We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this trading week.

Video Agenda:

00:00 INTRO

00:13 Totay's key events:German Factory Orders, German Trade Balance, Retail Sales, Unemployment Rate, FOMC Member Bostic Speaks

01:18 EUR/USD

04:11 EUR/CHF

07:32 GBP/USD

09:18 BTC/USD

Useful links:

My other articles are available in this section: https://www.instaforex.com/analytics_authors?author=46

InstaForex course for beginners: https://www.instaforex.com/distance_training_program

Popular Analytics: https://www.instaforex.com/forex_analysis

Open trading account: https://www.instaforex.com/fast_open_new_account

Important:

The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.

Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.

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