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

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.

 

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.

 

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.

  

NZDUSD (06/07/2023)

Entry: NY Open

Risk-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.

 

  

USDJPY (07/07/2023)

Entry: London Open

Risk-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.

Khadija A

Overall Pips: 295 

Trades: 32 

Overall Rs: 27.51

Naelah S

Overall Pips: 455.8

Trades: 32 

Overall Rs: 35.29

Naomi

Overall Pips: 257 

Trades: 14 

Overall Rs: 26.6

AbdulQadir M

Overall Pips: 368.9 

Trades: 13 

Overall Rs: 31.16

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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