❓Will EUR/USD be able to make new highs this week❓

❓Is GBP/USD targeting new highs currently❓

❓Will Bitcoin be able to reach its ATH ❓

?Read more in our weekly technical review

?Key Events to Follow (September 23 - 27)

The US Core PCE Price Index is among the most important data releases this week. It is also worth paying attention to the RBA meeting and the US final GDP data.

⭐️⭐️⭐️US Core PCE CPI Index m/m. Economists expect consumer inflation to stay at 0.2%.

⭐️⭐️⭐️The RBA meeting. The Reserve Bank of Australia is likely to leave the rate unchanged at 4.35%.

⭐️⭐️⭐️The US final GDP q/q data. The quarterly economic growth report is likely to lose 0.1% as compared to the previous quarter.

⚡️The Fed is going to make its decision on interest rates on Wednesday, September 18. According to forecasts, the Federal Reserve is going to cut rates by 25 bps. The BoE meeting will take place on Thursday, September 19.

?Find out how markets will react to these events by reading our weekly fundamental review. Check which currencies will be affected by the Fed's decisions.

?Trade Timing: How to perfect your entry and exit points

?In trading, mastering timing is crucial to maximizing profits and minimizing losses. The ability to precisely determine when to enter or exit a trade can significantly impact your overall success in digital options and Forex trading. While it might seem like an elusive skill, trade timing is grounded in a combination of technical analysis, market psychology, and disciplined execution.

⚡️Perfecting entry points requires a deep understanding of technical indicators, chart patterns, and market trends. Traders often use tools like moving averages, support and resistance levels, and momentum indicators to identify optimal entry opportunities. The goal is to enter trades at a point where the potential for profit outweighs the risk, often aligning with the beginning of a new trend or a key reversal.

?Similarly, determining the ideal exit point for FX traders (digital options traders have an advantage of expiration) is just as critical and can be even more challenging. To perfect exit timing, traders often rely on a combination of trailing stops, profit targets, and indicators like the Fibonacci retracement levels.

?Digital options and Forex strategies for beginners allow traders with little to no previous trading experience to engage in trading and improve their chances of making money. By using such systems, you can find entry and exit points as well as plan your trading sessions in advance.

?Find out more about the Top 9 trading strategies that beginner traders can use in the first moments of their careers. Discover the most popular methods and their description in our article.

❓Will EUR/USD and GBP/USD manage to move higher❓

❓What are the key factors affecting currencies currently❓

❓What technical indicators suggest for future market movements❓

?Learn more from our weekly technical review

?Key Events to Follow (September 9-13)

The US yearly inflation data will be the main event to focus on this week. Additionally, it is worth looking at the results of the ECB meeting and the UK monthly GDP data.

⭐️⭐️⭐️The US CPI y/y. The US yearly inflation is expected to slow down from 2.9% to 2.6% in August.

⭐️⭐️⭐️The UK GDP m/m. The UK economy is expected to show a 0.2% monthly growth.

⭐️⭐️⭐️The ECB meeting. The European Central Bank is expected to cut rates by 60 bps on Thursday.

?The Importance of Setting Realistic Trading Goals

Being realistic about your trading goals is one of the most important things you can do to improve your trading results. While trading may be potentially profitable, not being able to understand how much you can earn in perspective may bring you down. A lot of newcomers come to financial markets without understanding their goals and dreaming about millions of dollars in a matter of days. Here are some recommendations about how to set realistic goals properly.

⚡️With well-defined goals you can better plan your trades and maintain discipline. Unrealistic goals, in turn, lead to frustration. If you know how much you can earn over time, you will be able to focus on this and stick to your strategy. Moreover, this approach will allow you to stay objective about your trading routines.

?Those who have realistic goals can be better at risk management. You will be able to allocate your funds the way to avoid excessive risks and move towards your goal consistently. Along with protecting your investments, you will be able to develop a sustainable trading practice. In general, setting realistic goals is not only about outlining the amount you want to receive over time but also about building a foundation for future success.

?Adding an indicator to the Binolla Chart

The Binolla platform allows traders to use more than 20 indicators of different types. The trading platform offers a great interface allowing traders to easily find all its features. By watching this video, you will find out how to add, adjust, and remove technical indicators on the Binolla platform. Briefly, you can do it the following way:

?Go to the tools section;

?Choose from Trend or Oscillator categories;

?Click on the indicator you want to add;

?Adjust its setting.

Watch this and other useful videos in our YouTube Channel