Weekly Forex Trades Recap:
Best Trades of 3rd-7th July
Welcome to this week's blog post, where we toast to the most outstanding forex trades from the past week and shine a spotlight on our star performers from the academy. In this installment, we'll be dissecting five top-tier trades of the week and giving a well-deserved shout-out to our traders who have led the pack. So without further ado, let's dive right in!
Updated: 08
Published: 08
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USDJPY (03/07/2023)
Entry: New York open
Risk-Reward Ratio: 1:7
We kicked off the week with a remarkable trade on USDJPY, offering an impressive risk-to-reward ratio of 1:7 during the London Open.
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EURUSD (04/07/2023)
Entry: NY Open
Risk-Reward Ratio: 1:4
On the second day, the EURUSD trade took the spotlight, presenting a favorable risk-to-reward ratio of 1:4 at the New York Open.
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USDCAD (05/07/2023)
Entry: London Open
Risk-Reward Ratio: 1:3
During the London Open on the third day, the USDCAD trade provided a promising opportunity with a risk-to-reward ratio of 1:3.
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NZDUSD (06/07/2023)Entry: NY OpenRisk-Reward Ratio: 1:5 |
Another exciting trade unfolded on the fourth day, involving NZDUSD. The trade boasted a remarkable risk-to-reward ratio of 1:5 at the New York Open.
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USDJPY (07/07/2023)Entry: London OpenRisk-Reward Ratio: 1:5 |
Wrapping up the week, we had a stellar trade on USDJPY during the London Open, featuring a compelling risk-to-reward ratio of 1:5.
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Khadija A
Overall Pips: 295
Trades: 32
Overall Rs: 27.51
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Naelah S
Overall Pips: 455.8
Trades: 32
Overall Rs: 35.29
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Naomi
Overall Pips: 257
Trades: 14
Overall Rs: 26.6
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AbdulQadir M
Overall Pips: 368.9
Trades: 13
Overall Rs: 31.16
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Raja B
Overall Pips: 217
Trades: 27
Overall Rs: 249
These traders have demonstrated outstanding dedication and achieved significant profits. Each 'R' represents a profitable outcome, equivalent to a 0.25% profit per trade with a 0.25% risk. Thus, earning 10 Rs signifies a 2.5% profit on the account.
Please bear in mind that trading entails risks, and thorough analysis and prudent decision-making are essential. The trades mentioned in this blogspot are illustrative examples and should not be considered as investment advice.
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