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Eurozone inflation is reported to have increased in excess of economists' expectations. As a result, the market expects the debate of policymakers in the ECB about the future of the stimulus program to rise again. The EU Bureau of Statistics reported that Euro Zone CPI rose to a 1.5 percent level in August, from 1.3 percent level in July. That figure is higher than the Bloomberg economists estimate in the range of 1.4 percent. Acceleration of consumer inflation is still contributed most to the increase in energy prices. Previously, German and Spanish inflation also reportedly exceeded estimates. As for Core Inflation, which does not take into account the price of food and fuel, it remains stable at around 1.2 percent. In addition to inflation, the Euro Zone this afternoon also reported that the Unemployment Rate was stable at 9.1 percent in July, the same as in June. Thus, the ECB needs to re-discuss the future of their QE plan, which will soon expire by the end of this year. In response to the report, EURUSD shows the rise to 1.1890. EUR / GBP even show a fairly sharp spike, towards 0.9227.

Oil prices fell again in the morning trading session Thursday due to the prolonged Harvey Storm caused the largest refinery factories of the United States closed since the beginning of the week. On the other hand, the decline in petroleum stocks in the US Energy Information Agency (EIA) data, failed to push up prices. The closure of the refineries resulted in the price of US Gasoline futures contract (RBc1) rising above the two-year high at $ 1,935 per gallon. However, the price of crude oil actually fell with West Texas Intermediate (WTI) trading down 0.3% to $ 45.84 per barrel from the previous closing price, and Brent slipped 0.4% to $ 50.67 per barrel. The problem is that closing refinery factories are the biggest consumers of petroleum in the US, so the closure is expected to result in a decrease in demand for crude oil. Meanwhile, data from the US EIA published last night showed that commercial petroleum stockpiles fell by 5.39 million barrels last week, to a total of 457.77 million barrels.

Not necessarily but that would be good if you have journal trading, overall that is good as the backup you know. What backup here is not in sense of financial backup, but more like experience backup. It will be a good way to revisit our past trading experience to know what's going wrong especially after suffering some losses.

The small loss is pretty important? Are you drunk, my friend? I think no matter how big or how small the loss is that still bad for us. Hampering our chance to grab the profit more or even our advance to gain more profit in order to reach 100 percents ROI. As for small profit that is fine as long as that is continuous profit or the part of it.

Try 8 months first and keep trading every business days, and while you trade during that business days record all of your trading, make sure that already into your trading journal. Every weekend does a review for all of your business day's trading. Sum up what is your weakness and strength and use that to improve yourself.

If only we can do that, but if we fail to analyze the market? well lose is the only thing we will experience. So far, you can lower the risk by a proper risk management, but once again it is not some kind of art. Forex is basically a business even without art it can survive without any single problem.

You can but not all, I mean compounding is to increase our capital. If you withdraw all the profit, the capital would stay just like that. People prefer compounding because it is instant, you don't have to make another deposit anymore which usually takes few days and more time to spend.

Huge chance to make proper income from foreign exchange will disappear. Suddenly our life will turn into a misery, it is also hard to recover if you reach margin call unless you already put a backup for it. Moreover, from most of my experience, most gambler i mean fx gamblers got margin call more than once.

Unpopular pairs and what you said above doesn't even have any correlation and how can it be like that? Even with popular pairs still, there are a lot of manipulative brokers out there. Unpopular pairs lack of liquidity and the reason why it has big spread compared to popular pairs and this is why people seem to think twice about it.

Sure but we have our own trading's currency preference, right? If you love Major pairs i am sure that you will love New York session and also its overlapping session with London session which brings more liquidity and also more volatile especially when there is big impact news such as US CPI or NFP or US interest rate change.

Gold prices remained under intense gains despite easing from near 11-month highs on Tuesday as the dollar eased some of its weakness but geopolitical uncertainties limited the momentum of the downturn. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $ 3.98, or 0.30%, to $ 1,319.31 a troy ounce. Gold prices rose more than 1% to an almost 11-month high of $ 1,331.18 after North Korea fired a missile that flew over Japan on Monday, sparking flight safety among investors, lifting demand for safe-haven assets such as gold. But the rally did not last long as traders appeared to take profits on this precious metals surge to multi-month highs, following a rebound in the dollar on better-than-expected consumer confidence data.

Oil prices fell to as low as $ 46.17 on Wednesday as the closure of the refinery caused by Harvey storms has reduced US demand for crude oil, the most important raw material for the petroleum industry. ANZ Bank said that severe flooding caused by tropical storm Harvey has affected the capacity of the refinery, due to the demand for crude oil, with the largest refinery in the US currently operating only about 60% of its capacity. The largest oil refinery in the United States, operated by Motiva Enterprises, was shut down on Tuesday night due to floods caused by Harvey in the Port Arthur plant in Texas that produced 603,000 barrels per day. Hurricane Harvey had attacked the US Gulf last Friday. Although its storm has gone downhill, yet the ongoing heavy rains have flooded refineries in Texas and Louisiana, the heart of the American oil industry. At least a capacity of 3.6 million barrels per day has stopped in Texas and Louisiana, or nearly 20% of US total capacity based on company reports and Reuters estimates.

US dollar rebounded against six other global currencies since the US session on Tuesday. Strengthening position of Greenback continued in Asian session trading on Wednesday, especially since the market anticipates second quarter GDP data revised today. Currently, US dollar index is trading at 92.47 growing up 0.24%. The greenback turned stronger since US session overnight as geopolitical sentiments linked North Korea missile launches across the sky over Japan's Hokkaido Island have subsided. The market is re-focused on global economic conditions, no longer a factor outside the economy. Market participants are looking at second-quarter US GDP revised data due later in the day. In addition, private-sector ADP employment data will be a determinant of the US dollar movement today. Analysts predict second-quarter US GDP was revised higher to 2.7 percent from the preliminary estimate of GDP at 2.6 percent. Meanwhile, the ADP employment uptake data is predicted to add 185 thousand working positions.

EURUSD pair bounced back early in Asia on Wednesday after yesterday declined sharply close to 1.195. The focus of the market shifts to the economic releases that will come out of the two continents today, among them German Prelim CPI in August and ADP labor data and revised US GDP. Currently, it seems EURUSD is trading at 1.1980, bounce about 10 pips from the overnight closing. On Tuesday's trading, this pair had broken the psychological level of 1.1200 as an escalation of geopolitical tensions on the Korean peninsula led investors to release the US dollar. If the German inflation data estimation is above the 0.1 percent, EURUSD is likely to hold strong at 1.1206 given last week economic data in the euro zone's largest economy showed figures above estimates such as Ifo business climate and manufacturing PMI near 60.

The Australian dollar jumped against US dollar in Wednesday's trading session today, after Australia's Building Approval and Construction data reported much better than forecast. The data did not show any improvement. Building Approval Australia for new home construction, decreased 1.7 percent in July. However, a relief is, because the figure is much better than the estimated 5 percent decline calculated earlier by analysts. Better economic data than such expectations, lifted the Australian Dollar exchange rate, with AUD / USD up to 0.7993, way above from 0.7968. Still, investors are keeping a close watch on the Australian Dollar move as it believes that this will be the RBA's consideration in setting up its monetary policy next week.

Sure not a wise move and i think that as people who treat forex as gambling, it wouldn't be ending well. Gamble, as far as i know, don't have risk management, it is very different when we treat this business as the business, we put risk management and its allocation to prevent further losses and to optimize the profit.

But in demo account, you can test how good you are under pressure. The key is pressure, not similar to real account but in demo account contest you will get some of those feeling which makes you think twice about making a reckless decision in order to make bigger profit and to seize the 1st if not 2nd or 3rd position of this contest.

This conflict of interest which makes me think twice before starting to invest my money in dealing desk broker even actually i must admit dealing desk offers a really good offer like near zero spread or low spread or even fixed spread which you cannot get in non-dealing desk. But realistically, a broker mostly earn from commission or spread or even the combination of both.

Not easy nor hard, i mean too for both. I hope you get what I mean. Also, if forex is too hard nobody will make profit or just small percentage of people will make it but what I find out there are a lot of retail traders that still earn comfortably and feel good with it, but not so easy so that we can just easily make profit that we want because I still see there are many of us(traders) who suffer losses in this uncertain business.

Couldn't agree more with you. Preferable way for a newbie to learn faster and in the better way, I mean they don't have to spend more time just to search for the material. Also if they make a mistake their teacher/mentor can correct that wrong way and even guide a trader to their very first profit. Still, choosing a good and reliable mentor still hard nowadays LOL

I agree that is not an art but more like a serious business as for math, well i don't really get what do you want to say here. For me, Forex is a job, side-job, or business. It is the core part of the modern economy and really affect the way we interact economically with the other traders or other institutions.

Actually, that is not just ECN but STP and DMA. Most of the brokers who claim they are STP and DMA and really mean it, mostly NDD. Dealing Desk is for somebody who well known that there will be a broker which act as market maker. Knowing that the manipulation could happen. It is not good for the newbie, really destructive.

US dollar was circulating at a four-month low against Yen in the trading session Tuesday after North Korea actually fired a missile across northern Japan. The action is a provocation made by Pyongyang, thus again triggering a global geopolitical tension between East Asia countries and also US. The dollar fell around 0.4 percent towards 108.81 yen. USD / JPY even briefly hit a low of 108.33 early in the Asian session this morning. USD / JPY is moving steadily at the 108.795 low. The Japanese yen tends to strengthen in times of political turmoil or financial distress, as Japan is the largest creditor country and has a surplus current account. Based on past patterns, where Yen always gets acquired from events like this, speculators immediately react to North Korean missiles and drag USD / JPY to low-low intraday. Also, it seems that US, Japan, and South Korea is asking for PBB to talk about this issue makes the currency become uncertain but still in favor of JPY strengthening.

The Consumer Confidence Index published by The Conference Board on Tuesday rose during the August period, continuing its rise in July. Although the US Consumer Confidence level continues to improve, the movement of Dollar seems to have been detached from selling pressure due to a geopolitical situation that heats up. Consumer confidence obtained based on a random survey of 5,000 respondents by The Conference Board showed an increase in the Index this month to 122.9 (expectations 120.9) and the previous period 120.9 The appeal of August Consumer Confidence data in August that night's release prompted the Greenback to slightly strengthen versus various major currencies. But unfortunately, the Greenback has not been able to escape from selling interest due to geopolitical conditions that heat up so that Investors switched to the assets of Safe Heaven and the impact of Harvey Storm that will potentially continue Uncle Sam's economy. On this day, EUR / USD is trading at 1.2018 or still perched at the highest level since January 2015. Similar conditions also occur on the GBP / USD is at the level of 1.2937 occurred a slight correction after briefly touching the daily high at 1.2978 in Europe this afternoon.

Gold prices soared to a nine and a half month high this morning, responding to geopolitical tensions caused by the North Korean missile launch (North Korea). North Korea missile release this time across the territory of Japan, causing unrest for the Japanese people. PM Shinzo Abe even said if he agrees with US President, Donald Trump, to increase pressure on Kim Jong Un's country. The geopolitical turmoil sparked demand for safe-haven assets such as gold and Japanese Yen. The US dollar and equities were weakened as a result. Spot gold prices rose 0.5 percent to $ 1,316.66 an ounce this morning. Previously, spot gold prices have reached the figure of $ 1,322.33. The precious metal has gained 1.4 percent in the previous session. Meanwhile, the price of gold futures on the NYMEX for December delivery rose 0.5 percent to $ 1,322.20. South Korea and Japan confirmed that the North Korean missile launched earlier this morning had landed in the east of Hokkaido waters. The missile also briefly hovered over the northern islands of Japan. This certainly makes the missile crossed the country even though North Korea's goal is actually US territory in Guam.