Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Analysis of Trades and Tips for Trading the Japanese Yen:
The test of the 143.50 price level occurred when the MACD indicator was just beginning its upward movement from the zero mark, which confirmed the correct entry point for buying the dollar. Consequently, we observed growth towards the target level of 143.87, securing around 40 points in profit. Later today, we anticipate significant statistics that could provide additional support to the dollar. If the data on U.S. new home sales for August surpass economists' forecasts, we might see a new surge in the pair's growth. Otherwise, USD/JPY may face renewed pressure. For my intraday strategy, I will follow the implementation of scenarios #1 and #2.
Buy Signal:
Sell Signal:
What's on the Chart:
Important Tips for Beginner Forex Traders: It's vital to exercise extreme caution when entering the market. Before the release of significant fundamental reports, it is best to remain out of the market to avoid exposure to sudden price fluctuations. If you decide to trade during news releases, always set stop-loss orders to minimize losses. Without stop-loss orders, your entire deposit could be quickly depleted, especially if you trade large volumes without employing proper money management strategies.
Remember, successful trading requires a clear trading plan, like the one presented above. Spontaneous trading decisions, based solely on current market conditions, are fundamentally flawed strategies for an intraday trader.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.