Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

As we move into the second week of September, investors are preparing for a potentially volatile period, with a series of key economic data releases, corporate updates, and central bank developments on the horizon.

With inflation and interest rate concerns continuing to dominate market sentiment, this week’s events will play a critical role in shaping the market’s trajectory as we head into the final quarter of the year.

KEY ECONOMIC INDICATORS

U.S inflation data in focus:

• The main event of the week will be the U.S. Consumer Price Index (CPI) report for August, set to be released on Wednesday. Investors will closely monitor this data to gauge whether inflationary pressures are easing or persisting.
• Any surprises could have a significant impact on expectations for future Federal Reserve interest rate decisions, particularly with the Fed’s September meeting approaching.

Core CPI (MoM/YoY):

• The June 2024 Consumer Price Index (CPI) fell by 0.1% month-over-month (MoM) and rose by 3.0% year-over-year (YoY).
• The softer inflation data, coupled with June’s employment report, which underscores a balanced labour market with signs of easing, are welcomed developments for the Fed that should increase their confidence inflation is on its way back to the 2% target.

ECB Interest Rate Decision (September):

• The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It will keep policy rates sufficiently restrictive for as long as necessary to achieve this aim.
• The ECB will hold its policy meeting on Thursday, with expectations that it will hold the main refinancing rate, the interest rate on the marginal lending facility, and the deposit facility at 4.25%, 4.50%, and 3.75%, respectively.

ECB (European Central Bank) interest rate decision:

The annual inflation rate in the US slowed for a fourth consecutive month to 2.9% in July 2024, the lowest since March 2021, compared to 3% in June and below forecasts of 3%.

The CPI increased 0.2%, rebounding from a 0.1% drop in June, and matching forecasts. Meanwhile, annual core inflation also slowed for a fourth consecutive month to 3.2%, the lowest reading since April 2021.

CURRENCIES

EUR/USD:

S1-S3 – Means potential Support points. If the market declines further, these are the potential levels it can reach.

R1-R3 – Means potential Resistance points. If the market starts to increase again, these are the potential levels it can reach.

German CPI (MoM)

The Consumer Price Index (CPI), released by the German statistics office Destatis on a monthly basis, measures the average price change for all goods and services purchased by households for consumption purposes.

The CPI is the main indicator to measure inflation and changes in purchasing trends. The MoM figure compares the prices of goods in the reference month to the previous month.

A high reading is bullish for the Euro (EUR), while a low reading is bearish.

EUR/GBP

XAU/USD

Gold pulls away from near-record highs and holds above $2,500

• Gold came within a touching distance of a new all-time high near $2,530 as US Treasury bond yields turned south on disappointing US jobs data.
• Gold’s rise this year has surpassed other commodities, such as oil and copper, distinguishing it in global markets.

Market instruments to look out for this week:

• EUR/USD
• EUR/GBP
• Nasdaq100
• XAU/USD
• S&P 500

MARKET NEWS

Citi, Bank of America see oil prices potentially going to $60

• Strategists at Citi Research said oil prices could decline to around $60 per barrel by 2025, citing a significant market surplus as the primary driver.
• OPEC+ has delayed the start of its planned production cut unwind from October 2024 to December 2024, with the process now set to conclude by the end of 2025.
• Separately, Bank of America’s Commodities Research team has revised down its Brent oil price forecast to $75 per barrel for the second half of 2024, down from nearly $90, and for 2025, reduced from $80.

August payrolls grew by a less-than-expected 142,000, but the unemployment rate ticked down to 4.2%

• Nonfarm payrolls expanded by 142,000 during August, down from 89,000 in July and below the 161,000 consensus forecast.
• The unemployment rate ticked down to 4.2%, as expected. However, the “real” unemployment rate increased to 7.9%, its highest reading since October 2021.
• The previous two months saw substantial downward revisions. The BLS cut July’s total by 25,000, while June fell to 118,000, a downward revision of 61,000.
• Average hourly earnings increased by 0.4% on the month and 3.8% from a year ago, both higher than the respective estimates of 0.3% and 3.7%.

EUR/USD surrenders gains and declines below 1.1100 after US NFP data

• EUR/USD falls back below 1.1100 as the US Dollar bounces back strong despite signs of a slowdown in US labour demand.
• Traders remain split over the Fed’s likely interest rate cut size.
• The ECB is expected to cut interest rates two more times this year.

Click here to open account and start trading.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

Picture this: Mike, a 29-year-old software engineer, decides to try trading. Armed with his savings and dreams of financial independence, he dives in headfirst, only to lose half of his initial investment within a month.

Mike’s experience is all too common. In fact, the US Securities and Exchange Commission reports that 70% of forex traders lose money every quarter.

The allure of substantial profits and being your own boss draws many young professionals to trading each year. However, for newcomers like Mike, it often feels more like high-stakes poker than a calculated route to wealth. This is often due to common mistakes made by new traders.

In this article, we will explore the top five pitfalls for beginners and provide practical strategies to avoid them. Whether you are looking to boost your income or change careers, understanding these mistakes will help you navigate the trading world more effectively.

Let’s turn those potential losses into wins and guide you towards becoming part of the successful minority in trading.

Mistake 1. Lack of proper education and research

One of the most common pitfalls for new traders is jumping into the market without sufficient knowledge. It’s akin to attempting to fly a plane after watching a few YouTube tutorials—highly risky and likely to lead to failure.

For many young people, financial literacy is often below the level needed for successful trading. This gap in understanding becomes even more pronounced in the intricate world of investing, where a solid grasp of market dynamics and strategy is crucial for managing risk and making informed decisions.

How to avoid:

• _{Commit to continuous learning. Use resources like VT Markets’ trading courses to stay updated and enhance your skills, no matter your experience level.}
• _{Invest in reliable resources. Books like “Trading for a Living” by Dr Alexander Elder, along with reputable online courses can expand your knowledge.}
• _{Practise with a demo account. VT Markets’ demo account offers a risk-free way to test strategies and build confidence before trading with real money.}

Mistake 2. Poor risk management

Many new traders bet big, hoping for a home run. But in trading, preservation of capital is key. Without proper risk management, you are gambling, not trading.

Warren Buffett’s advice is clear: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.” This highlights the importance of risk management to safeguard your investments and avoid unnecessary losses.

How to avoid:

• _{Always use stop-loss orders. These automatically close your position when a certain loss threshold is reached, protecting you from catastrophic losses.}
• _{Follow the 1% rule. Never risk more than 1% of your trading capital on a single trade.}
• _{Diversify your trades. Don’t put all your eggs in one basket. Spread your risk across different assets and strategies.}

Mistake 3. Emotional trading

The market doesn’t care about your feelings, but your feelings can certainly impact your trading decisions. Fear and greed are two emotions that can lead to impulsive decisions and significant losses.

Behavioural finance reveals a stark reality: traders who allow emotions to dictate their decisions frequently suffer from markedly poorer performance compared to their peers.

How to avoid:

• _{Develop and stick to a trading plan. This should outline your profit goals, risk tolerance level, and criteria for entering and exiting trades.}
• _{Practise mindfulness techniques. Simple breathing exercises or meditation can help you stay calm and focused during trading sessions.}
• _{Use technology to your advantage. Set up alerts and automated trades to remove some of the emotional decision-making from your trading.}

Mistake 4. Overtrading

More trades don’t necessarily mean more profit. In fact, overtrading often leads to higher transaction costs and lower overall returns.

Research consistently shows that the most active traders typically achieve the lowest returns, while those who trade less frequently often see the highest returns.

How to avoid:

• _{Focus on quality over quantity. Wait for high-probability setups that meet all your criteria rather than jumping at every minor market movement.}
• _{Implement a “cooling off” period. After a losing trade, step away from your trading platform for a set amount of time to avoid revenge trading.}
• _{Keep a detailed trading journal. This will help you identify patterns in your trading behaviour and refine your strategy over time.}

Mistake 5. Neglecting to adapt to market conditions

The market is not static; it’s a dynamic environment that is constantly changing. What works in a bull market might fail spectacularly in a bear market.

This highlights the need to stay adaptable and be ready for sudden market shifts, as crucial returns often come from brief but significant moments.

How to avoid:

• _{Stay informed about market news and economic indicators. Use reputable financial news sources and tools like VT Markets’ daily market analysis to stay updated on key trends and major economic announcements.}
• _{Learn different strategies for various market conditions. For example, understand when to use momentum trading versus value investing.}
• _{Regularly review and adjust your trading plan. Set aside time each month to analyse your performance and make necessary adjustments to your strategies.}

In conclusion, avoiding these five common mistakes won’t guarantee trading success, but it will certainly tilt the odds in your favour. Remember, successful trading is not about eliminating losses entirely – it’s about managing risk and maximising opportunities over time.

As you embark on your trading journey, keep these lessons in mind. Be patient, stay disciplined, and never stop learning. The path to trading success may be challenging, but with the right approach, it’s within your reach. Now, armed with this knowledge, you’re better equipped to navigate the trading waters and avoid the fate of traders like Mike.

Ready to take the next step? Open a live account with VT Markets today and start applying these strategies to real market conditions. Your journey to becoming a successful trader starts now.

Join us for an transformative webinar on Wednesday, 25 September, 6 pm (GMT-6)!

The Rankia Markets Experience unites financial experts, investors, traders, and enthusiasts for high-value educational conferences. It offers up-to-date knowledge on financial markets, technical analysis, investment strategies, financial products, and finance technologies. Suitable for both experienced investors and beginners, the event promotes financial education with practical tools and strategies, providing a unique opportunity to learn from top experts and network with peers.

In the upcoming webinar titled “The Art of Trend Following: How the ‘Turtles’ Achieved Consistent Profitability with Long-Term Trading Strategies”.” presented by Eduardo Ramos Romero, the Financial Market Analyst for VT Markets LATAM. You will discover:
– Key strategy used by the “Turtles” under Richard Dennis
– Enduring trends in different markets
– Rules the Turtles followed to maximise success
– How to apply technical analysis and Risk management
– Practical examples of following trend in CFD markets

Speaker Background: Eduardo Ramos Romero
– Financial Market Analyst for the LATAM region.
– 7 years of experience in the financial market.
– Held significant roles as the Director of Market Analysis and Senior Market Strategist at two prominent CFD brands.
– A respected speaker and educator, sharing his expertise through courses and media outlets such as El Economista, El Financiero, Bloomberg Middle East, Forbes Colombia, and Expansión.

Join us for an informative webinar on Wednesday, 18 September, 6 pm (GMT-6)!

The Rankia Markets Experience unites financial experts, investors, traders, and enthusiasts for high-value educational conferences. It offers up-to-date knowledge on financial markets, technical analysis, investment strategies, financial products, and finance technologies. Suitable for both experienced investors and beginners, the event promotes financial education with practical tools and strategies, providing a unique opportunity to learn from top experts and network with peers.

In the upcoming webinar titled “Scalping in Volatile Markets: Advanced Techniques to Maximize Profits” presented by Eduardo Ramos Romero, the Financial Market Analyst for VT Markets LATAM. You will discover:
– Advance scalping strategies to use for high volatility markets
– Best techniques for: Executing quick trades, managing risk and correctly reading marketing flunctuations
– How to take advantage of small price movements

Speaker Background: Eduardo Ramos Romero
– Financial Market Analyst for the LATAM region
– 7 years of experience in the financial market
– Held significant roles as the Director of Market Analysis and Senior Market Strategist at two prominent CFD brands
– A respected speaker and educator, sharing his expertise through courses and media outlets such as El Economista, El Financiero, Bloomberg Middle East, Forbes Colombia, and Expansión

Join us for our talk at the BrokersView Expo – happening on 12 October!

Since its inception in 2016, BrokersView has rapidly become a trusted and essential resource for traders worldwide. As a premier forex media and broker review platform, BrokersView is dedicated to helping traders quickly and easily find the best forex brokers. With a community of over 1,200,000 registered users and over 60,000 reviews on regulated and fraudulent brokers alike, BrokersView has earned its stellar reputation in the forex industry.

We are proud to be participating in this event, where we will continue to assist traders in navigating the complex world of forex trading. Our speaker, Katie Basiuni, Business Development Manager at VT Markets, will present on the topic “Trading Success Made Simple: Reach Your Goal with VT Markets.” Join us to gain valuable insights, share your experiences, and stay updated with the latest industry development.

Venue: Conrad Abu Dhabi
Date: 12 October
Speaking slot: 15:00 – 15:20 (GMT+4)

Join us at Booth 153 at the 7th edition of The Forex Expo Dubai on 7 – 8 October!

Step into the heart of the trading and investing world, where Forex traders, Introducing Brokers, Investors, Financial Institutions, and Brokers from across the globe come together to forge the most impactful connections. This event provides an extravagant platform for networking, skill enhancement, and staying up-to-date with the latest market trends and financial insights.

Whether you’re a seasoned professional or new to trading, The Forex Expo Dubai is the perfect opportunity to meet VT Markets’ representatives and gain valuable knowledge that can transform your investing landscape. Explore the latest tools, strategies, and trends that are shaping the future of trading and investing.

Key Highlights of The Forex Expo Dubai:

– Networking opportunities with top industry leaders and service providers
– Insights into the latest market trends and financial strategies
– Educational sessions to improve your trading and investing skills
– A collaborative environment designed to enhance your professional growth

Venue: Hall 2, World Trade Centre, Dubai

Don’t miss out on this chance to elevate your trading experience and expand your professional network. Join us at Booth 153 to connect with VT Markets’ experts, discover new opportunities, and take your trading journey to the next level!

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.

Dear Client,

Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”.

Please refer to the table below for more details:

The above data is for reference only, please refer to the MT4/MT5 software for specific data.

If you’d like more information, please don’t hesitate to contact info@vtmarkets.com.