How I recovered my losing Forex Trading Account from Margin Call

How I recovered my losing Forex Trading Account from Margin Call - Forex Trading tutorials for beginners in the Philippines
Sa mga sumusubaybay sa Trading Journey ko, alam nila na 2 months din ako gumawa ng experiment sa aking Trading account from May 1 to June 30, 2020. Naisipan ko kasi na e-Test ang isang Trading account kung ano ang mga possible na mangyari kung sakaling pabayaan mo lang ito sa kabila ng malakas na volatility ng Market.
Bilang isang Trader at matagal ka ng nagtiTrade, malamang kabisado mo na ang galaw ng Market. Alam na alam mo na ang nangyayari ngayon sa panahon ng Covid-19 pandemic ay hindi normal kung saan apektado talaga ang galaw ng mga prices sa lahat ng currency pairs.
In this time of crisis, the market is so unpredictable. And with this experiment, I never thought that my trading account will survive in such a way that at least for the last 2 months of hardship, I could say that we learned a lot from this experience.
I really can't imagine how I recovered my losing Forex Trading Account from a Margin Call in which even I myself cannot believe how it happened and I couldn't even remember everything I did to revive it. Chances are, I am just 99% lucky in this case.
Madalas kung nababasa na mahalaga daw na meron kang Trading Journal para at least alam mo kung ano ang nangyayari sa account mo. Pero dito sa ginawa kong experiment, ang naging Journal ko ay ang libreng Account History na pwede mong ma Access sa Terminal ng iyong Trading platform.
Para malaman mo ang buong kwento ng review ko sa sariling kong account, pwede mong panoorin ang Live-stream video ko na nakaLink sa baba.

Early this morning, Dow Jones Newswires released a report about USD/JPY having a 3-Week High while the U.S. Stock Market Rebound.
USD/JPY having a 3-Week High while the U.S. Stock Market Rebound - Forex Trading beginners guide for Filipinos

👉 Regarding U.S. economic data, the Market News International's Chicago Business Barometer rose to 36.6 in June (45.0 expected), and the Conference Board's Consumer Confidence Index jumped to 98.1 (91.5 expected).

👉 Due later today are the Automatic Data Processing (ADP) Jobs Report (an addition of 2.850 million private jobs in June expected), Markit's U.S. Manufacturing Purchasing Mangers' Index (49.6 for June expected), Construction Spending (+1.0% on month in May expected).

👉 The Federal Open Market Committee (FOMC) would release minutes of its latest meeting.

👉 USD/CAD lost 0.6% to 1.3575. Official data showed that Canada's GDP declined 11.6% on month in April (-12.2% expected).

👉 Other commodity-linked currencies also strengthened against the greenback. AUD/USD advanced 0.6% to 0.6903 and NZD/USD gained 0.5% to 0.6454.







INTRADAY MARKET INSIGHTS


USD/JPY Intraday: 
Toward 108.40 upside. The pair keeps trading on the upside while being supported by the ascending 20-period moving average. In fact, it is crossing above the upper Bollinger band calling for acceleration to the upside. Therefore, the technical configuration still favors a strong bullish bias. Upon reaching the first upside target at 108.20, the pair should target 108.40 on the upside. Key support is located at 107.80.

EUR/USD Intraday:
Turning down. The pair stays on the downside after retreating from an intraday high of 1.1262 seen overnight. Currently it has returned to levels below the 20-period moving average. And the relative strength index has not yet recovered the neutrality level of 50 suggesting a lack of upward momentum for the pair. A break below the first downside target at 1.1220 would open a path toward 1.1200 on the downside. Only a return to the key resistance at 1.1250 would bring about a bullish reversal.

AUD/USD Intraday:
Further advance. Although the pair eased from 0.6910, it is still supported by a rising 50-period moving average. The relative strength index is locating at the buying zone between 50 and 70, indicating a bullish outlook. To conclude, as long as 0.6875 holds on the downside, expect another up leg with targets at 0.6910 and 0.6930 in extension. In an alternative scenario, crossing below 0.6875 would call for a return with 0.6860 and 0.6840 as targets.

NZD/USD intraday: 
Further upside. The pair is holding on the upside after yesterday's upward acceleration. Both rising 20-period and 50-period moving average should push the prices higher. The relative strength index is locating at 60s, suggesting the upside momentum for the prices. Hence, as long as 0.6425 is not broken, look for a further advance to 0.6496 before targeting to 0.6516 in extension. On the other hand, a break below 0.6425 would bring a drop with target at 0.6391.

GBP/USD Intraday: 
Bullish bias above 1.2355. Despite the pair posted a pullback, it is still trading above the key support level at 1.2355, which should limit the downside potential. The relative strength index is above its neutrality level at 50, suggesting the lack of downward momentum for the prices. To conclude, as long as 1.2355 is not broken, intraday bullish bias remains with up targets at 1.2405 and 1.2435 in extension. On the other hand, a break below 1.2355 would bring a return with 1.2325 and 1.2285 as targets.

USD/CHF Intraday: 
Key resistance at 0.9485. Although the pair posted a rebound from 0.9460, the upward potential should be limited by the resistance level at 0.9485. The relative strength index remains below its neutrality level at 50, showing the lack of upward momentum for the prices. To conclude, unless the resistance level at 0.9485 is violated, the pair should return to 0.9460 before dropping to 0.9445 in extension. On the other hand, only a break above 0.9485 would turn the outlook to positive and bring a bounce with 0.9500 and 0.9515 as targets.

USD/CAD Intraday: 
Downside prevails. The pair remains on the downside after breaking its previous trading range. In fact, the 20-period moving average has moved further below the 50-period one, while the relative strength index plunged to the 30s, signal a bearish bias. As long as the key resistance at 1.3615 holds, the pair should proceed to 1.3550 and 1.3530 on the downside. Alternatively, above 1.3615, expect an advance to 1.3640.

EUR/JPY Intraday: 
Further upside. The pair is trading within a bullish flag pattern. Currently, support is provided by both the 20-period and 50-period moving averages, while the relative strength index stays in the 60s, suggesting continued upward momentum. Unless the key support at 120.78 is violated, the pair should target 121.88 and 122.15 on the upside. Alternatively, below 120.78, expect a return to 120.32 on the downside.

EUR/GBP Intraday: 
Under pressure. The pair has accelerated to the downside after breaking below a bullish trend line drawn from June 26. In fact, the 20-period moving average has moved further below the 50-period one, and the relative strength index has dropped to the 30s, indicating a bearish bias. Below the key resistance at 0.9082, expect a decline to 0.9023 and 0.9007. Alternatively, a break above 0.9082 would trigger a rebound to 0.9110.