Top 10 mistakes beginners make in trading

Plus tips on the MFI indicator, fresh analytics, and weekly outlook ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ [FBS&FCB&LCFC]( [Personal Area]( [Forex news and more]( Especially for you this week: 1. Meet the MFI indicator 2. Common trading mistakes: beginner’s level 3. Weekly economic calendar 4. UK: no longer a leading economy 5. Weekly outlook [What is the MFI indicator and how to use it?]( ARTICLE What is the MFI indicator and how to use it? If you’re familiar with the RSI indicator, it’s high time to meet MFI, the Money Flex Index. This index provides a better outlook on the market sentiment, helps to identify the upcoming pullback or trend change of an asset, and more. In today’s article, you’ll learn how to read MFI, what trading signals you can use, and what is the best strategy for it. Hurry up to read and apply new knowledge in practice with us! [Read now]( [Most common mistakes beginners make]( VIDEO LESSON Most common mistakes beginners make Experience comes with time, and it’s completely fine to make mistakes. However, forewarned is forearmed, so the very first step to overcoming the mistakes is being aware of them. Our FBS analyst compiled a list of the 10 most common mistakes and suggested what you can do to avoid them. Watch and learn! [Watch now]( [Weekly Economic Calendar]( August 16, 15:30 MT time CAD Inflation Rate YoY If the actual reading is bigger than the forecast, the CAD will rise. [Instruments to trade: USDCAD, EURCAD, CADJPY]( August 17, 09:00 MT time GBP Inflation rate YoY The greater the “Actual” compared to the “Forecast”, the better it is for currency. [Instruments to trade: GBPUSD, EURGBP, GBPCAD, GBPJPY.]( August 17, 15:30 MT time US Retail Sales MoM If the indicators are greater than forecasted, the USD will rise [Instruments to trade: XAUUSD, EURUSD, USDCAD, USDCHF.]( [Check calendar]( * MetaTrader time (MT time) is the server time of the trading platform — MetaTrader. It’s the same as GMT+3. Check MT time at the top of the ‘Market Watch’ window or on the time axis of the price chart with the 1-minute timeframe. [tips] To see MT time in the mobile app, go to the ‘Quotes’ screen. For MetaTrader 5, it’s placed under a currency pair. For MetaTrader 4, in the ‘Advanced’ section, above a currency pair. [tips] [FRESH ANALYTICS]( UK: no longer a leading economy The Bank of England warned that the UK economy would enter its most prolonged recession since the global financial crisis in the fourth quarter. The central bank raised rates six times to fight inflation. It expects headline inflation to peak at 13.3% in October but to remain at elevated levels throughout 2023. The combination of recession and inflation promises nothing good for the British pound. GBPUSD remains near the lower border of its range on the monthly timeframe. Watch out for the decline to 1.19 and 1.18. [Learn more]( Weekly outlook [New video]( is out now! August 16-19 Forex news coverage & trading tips [weekly]( [how-to-start] Go to [FBS website]( and learn how to start trading on Forex [We love analytics. And you?]( We love analytics. And you? [icon] What a surprise: US inflation turned out promisingly lower than expected, 0.0% vs. 0.2% month-to-month. However, it doesn’t change the forecast for the Fed’s rate hikes. [icon] Curious coincidence: Elon Musk sold Tesla shares worth $6.9 billion ahead of a trial with Twitter Inc. Is it a coincidence or a strategic action? [icon] Make it double: The Ethereum blockchain will move from the Proof-of-Work to the Proof-of-Stake system on September 15. ETHUSD gained 100% since June. Want more insights into the trading world? FBS analysts share them on our [Telegram channel](. Hurry up to subscribe and start trading like a pro! Get ready to trade your best [Trade. Profit. Repeat]( [Help Center]( | [Personal Area]( You received this email because you registered at [fbs.com](. If you have any questions, please contact us via email at support@fbs.com. [google_play]( [apple_stor]( Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. [instagram]( [facebook]( [twitter]( [telegram]( [youtube]( [Web Version]( | [Unsubscribe]( | [About FBS]( FBS is always by your side since 2009