Categories
Blog

Top tips for keeping your cool while trading

Picture these scenarios. The stock market has just crashed. A crypto meltdown erases $1 trillion in market value (a true recent story). A power cut happens just as you try to close a trade. Trading involves a lot of drama, and there are moments when you think that the end of the (trading) world has come. 

 

Can you keep your cool during times of trading panic and survive in extreme volatility? And why does it matter to stay calm and rational in moments like this?

 

As much as we like to consider ourselves as logical and composed, our emotional state is a significant driver in our behaviour.

 

Even when the situation is less dramatic, the vast majority of traders may feel out of control emotionally and end up trading either under the pressure of trading or with over-confidence.

 

No matter how much trading expertise a trader has or how hard we are working to win, we usually neglect the impact of emotions. Even experienced traders can get under anxiety’s influence at times.

 

The ideal is to trade with confidence without letting negative emotions (or wishful thinking) get in your way. But, of course, easier said than done, right?

 

Here are some tips to help you stay cold-hearted in the heart of the moment.

Top tips for keeping your cool while trading (& why it matters)

Develop emotional intelligence

Being aware of your emotions and what triggers them is the first step in building emotional intelligence. When you know how you’re feeling and understand how those feelings influence how you view risk, you will realise that you can control them. 

 

Your ability to find inner balance will help you make sound decisions and manage your mind during market turbulence. All in all, sensible trading can happen only if you can control your feelings.

Reach for the “off switch”

When you get caught up in a trading storm, one approach is to escape the situation. Take some time away from the market, grab some coffee, walk your dog, cook a quick meal. Get off the emotional rollercoaster and come back with a clear mind and fresh perspective. A clear mind is always a more rational mind. 

The two dont’s - and three do’s - to prevent mental stress

All the above tips are to be followed in the middle of a trading crisis. But, what about precaution? Instead of finding ways to keep your head cool in times of stress, you can just take the situation in stride by doing or avoiding some things.

 

Don’t force trades: Forcing trades is a way to act emotionally because it usually involves making up for previous losses. Unfortunately, experience has shown that if you start to make trade forcing a habit, you’ll definitely end up with losses. Do not just trade for the sake of trading: Be patient, do your research, prepare your strategy, and evaluate your trading priorities. 

 

Don’t get overconfident: Overconfidence may lead to problems. Being in a euphoric state clouds judgment and may sabotage performance. Trading with overconfidence usually contributes to higher trading frequency. The more trading an investor does, the less likely they are to succeed.

 

Keep a trading journal: It is helpful to revisit your past gains and losses and evaluate them without having negative emotions. Keeping records of your trades, the reasons for entering into them, and knowing how they performed can help you learn from trading. In addition, reviewing your past strategies can help you not lose composure when you have a hot run. 

 

Being organised and systematic: Creating a trading environment and building trading habits will allow your mind to curb emotions when they seem to be out of control. 

 

Considering altering your trading style: Finding your trading style is not easy to achieve, and once you find it, you must be consistent. But, in volatile markets or during times of trading stress, you must be flexible. Narrowing or changing your trading basket or tightening up holding periods of your trades may benefit you in the long run.

 

Did talking about trading get your mouth watering? Clear your mind, explore your emotions and trade CFDs with Eurotrader. Open an account and get your trade on!  

Categories
Blog

Three questions and answers about the SPAC boom

ICYMI, Tiger Woods is raising $150 million by launching a sports-focused ‘SPAC’ in the wellness sector. “What is a SPAC?” you may ask.

 

SPAC is short for ‘special purpose acquisition company’. These companies are backed by high-profile investors or are affiliated with celebs to help attract attention. Jay-Z Carter, Shaquille O’Neal, Leonardo DiCaprio, Donald Trump, Serena Williams are a few to name. Regardless of their minimal investing experience, celebrities have helped popularise such once-obscure investments.

 

This preferred method of taking companies public means faster execution, lower costs, and narrower regulatory oversight for the investors. For the rich and recognised, it’s a new way to flex their status and wealth and monetise their reputation. 

 

SPACs have been around in their current form since the 1990s, but they were previously associated with frauds and scams. Now, SPACs are considered to be really quite cool, especially after having taken off during the pandemic.

Three questions and answers about the SPAC boom

How does a SPAC work?

Rather than go public through its own IPO, a private company opts to debut on stock exchanges via a SPAC. A SPAC raises capital through an Initial Public Offering (IPO) to acquire an existing operating company. 

 

A SPAC, also known as a “blank check company”, is an entity with no commercial operations, existing specifically to complete an IPO to take an acquired company public. 

 

Before the SPAC has bought a company, its funds are typically invested in government bonds.

 

Investors who support a SPAC in its pre-IPO stage are called sponsors. The sponsors typically have two years to identify acquisitions or return their investors’ money. 

 

Investors who want to gain exposure to startups in red-hot sectors love SPACs. The key to benefitting from such an acquisition as an investor is putting money into the shell company while still searching for a deal. 

Are SPACs successful investments?

In the States, 59 SPACs were formed in 2019. In 2020, that number rose to 248, while 2021 saw 613 SPAC listings.

 

In 2021, 21 out of 33 celebrity-tied SPACs have posted negative returns. Many SPACs lose money after finding a company to acquire, especially in the year following a merger.

 

The regulatory authorities caution investors about putting money into special purpose acquisition companies associated with celebrities. 

 

However, a handful of SPACs performed really well over the last two years. Several notable companies went public through SPACs, including Virgin Galactic, DraftKings Inc, Iridium Communications Inc and MP Materials Corp.

 

SPACs tend to be risky investments, so they’re generally inappropriate for conservative investors.

Why do so many companies choose SPACs over IPOs?

SPAC is a popular way to go public because of its efficiency, fast execution and far lower cost. 

 

A blank-check company has no operations, no debt, no liabilities and almost no assets. Thus it takes less time – 3 to 6 months – to complete the regulatory steps involved with an IPO process – 12-18 months. Also, the advisory fees and the legal costs are significantly lower than those charged for traditional IPOs. 

 

However, the main challenge of going public with a SPAC merger over an IPO is that the SPAC process does not require the rigorous due diligence of a traditional IPO. This could lead to incorrectly valued businesses resulting from well-hidden weaknesses of a company.

 

Are you interested in adding SPACs to your trading portfolio? If the answer is yes, discover SPAC stocks to trade as CFDs among Eurotrader’s products

Categories
Blog

Hot trading trends to watch in 2022

Once again, we have waved goodbye to another year in which our lives were on hold. However, when one year ends, another one begins, and we now get to welcome another annum to get it right… hopefully.

 

The past couple of years have been defined by COVID-19, lockdowns, vaccine rollouts, more vaccine rollouts, new variants with Greek names, more lockdowns, reopenings and mixed signals.

 

Once it started to feel as though the worst was behind us, the Delta and Omicron variants reared their ugly heads and brought more uncertainty. The pandemic’s continued effect on the economy is so significant that both returning to normality and full economic recovery is still beyond our reach.

 

Having said that, one constant is that the pandemic is still driving markets. So, what does that mean for 2022?

Hot trading trends to watch in 2022

What does the future hold for stocks?

It seems that the post-COVID market rally has already ended before it began. All three major US indices performed strongly throughout 2021 – however, stock markets may have already priced the gains of reopened economies, even if the latter is in an on-off mode.

 

FAANG and consumer stocks may struggle as the uncertainty created by inflation and their 2020 rally may have taken the wind out of them. Moreover, the supply chain challenges and the global semiconductor shortage will probably not be overcome soon. As a result, chip shortages will continue to impact sales and thus markets. 

 

Investors will probably look elsewhere for returns and new opportunities. Smaller to mid-size caps and non-US stocks could potentially be among the 2022 surprises.  

 

Furthermore, the 2021 trend of internet-driven companies will possibly continue this new year. In fact, a whole bunch of new businesses are ready to get listed in the next 12 to 18 months.

 

ESG (ethical, social and governance) seems to be a key economic determinant. Global warming and clean energy are among the trends poised to surge in 2022. 

 

In tech, cloud computing, data analytics and artificial intelligence have great potential to grow enormously within the next few years. 

 

Then, there are always the hot ones that people are always talking about: the Metaverse, NFTs and decentralised finance (Defi). 

 

Are you ready to dive into a new year of CFD trading? If the answer is yes, then open an account with Eurotrader and kick off your 2022.

Categories
Blog

Five tips to get you in the right trading mindset

Charts, strategies, orders, trades, entry and exit points, technical analysis, fundamental analysis – let’s be honest: trading might make your brain explode.

 

Indeed, trading is demanding, as you’re always having to focus on different things and multitasking. But, at the same time, trading is exciting and mind-blowing (in a good way this time!). 

 

So, if you feel that you’ve lost all your mental energy and have to bring this excitement back, you need to work it out. Getting in the right trading mindset is not easy, but luckily there are several ways to fuel the flame. 

 

The most important trading tool is YOUR mind. So recognising when you are right and wrong can help you pave your trading path. Trading psychology allows you to understand why you are making the same mistakes repeatedly. It also helps you to find patterns and solutions so that you can make better trading decisions. 

 

Before we start counting the five things to get you in the right mindset, you need to acknowledge two facts: firstly, you’re a human being, so you can’t avoid making mistakes. Secondly, markets are not human beings, so there is no way to ‘understand’ their attitude. What you do need to understand and may want to change is your attitude towards them.      

Five tips to get you in the right trading mindset

Come on… Give me five!

Is there a right trading mindset? Let’s be clear on this: the right mindset for you is the one that makes you feel better about yourself as a trader.

 

However, you can find some tips that help most traders avoid trading burnout. 

 

Practice patience: Patience is a virtue. Winning traders are patient. In that way, they improve their performance. On the contrary, impatient traders deal with unnecessary losses, additional stress, and wasted emotional energy.

 

Never stop learning: One way to improve your trading is to review your trading strategies regularly and look for things you can do differently for better results. Even when you lose on a trade, you must try to learn from that losing position. Learning is an essential aspect of trading, and trading is dynamic. So, don’t stop the quest to learn even if you become a successful trader, because things in trading change all the time. 

 

Control your emotions: When your trading is profitable, you feel like you are on top of the world. But when things are as you expected them to be, you’d better find a way to control your emotions. Emotional trading has several pitfalls, and doing so can result in further and more significant losses. A way to manage your emotions is to take a break, breathe and think logically. Then, accept the uncertainties of the markets. 

 

Fear, which is the scariest demon in trading, can have a strong negative impact on you, so your top priority should be to control fear before you end up making mistakes until you quit.

 

Risk management: Practice with a risk-free demo account, set stop-loss and take-profit orders, consider the one-percent rule, and plan your strategy. In other words, do whatever it takes to cut down losses and prevent unpleasant surprises. Although the temptation of grabbing every opportunity is there, we must identify the risks of trading in advance to ensure we can endure if things go sour.

 

Get organised: Trading is a business, and any successful trader will tell you the same thing. Professional success lies in organisation, and here’s how you can achieve it: 

 

  • Keep a trading log to track your progress. 
  • Prepare a trading plan and review it from time to time. 
  • Stay in the loop with the latest trading trends. 
  • Set goals and define your trading style.

Has this blog got you in the right trading mindset? If the answer is yes, then open an account with Eurotrader to dive into the excitement of trading. 

Categories
Blog

Reddit files for IPO, cashing on 2021’s meme stock frenzy

Last week, Reddit Inc. – the catalyst for this year’s meme stock frenzy – announced that it has confidentially filed for an initial public offering (IPO). 

 

The San Francisco-based social media platform has started the process of taking the company public by filing an S-1 with the Securities and Exchange Commission. 

 

Reddit is yet to provide further details, including the number of shares to be offered or the price range. This is due to regulatory reasons. 

 

The company raised $700m in a funding round in August and announced $100m in advertising revenue for Q2 2021. Reddit aims for a valuation of $15 billion when its IPO comes to market.

 

In growth terms, the company announced plans to double its staff headcount to 1,400 and expand its presence in the UK, Australia and Canada.

 

Although Reddit was founded in 2005, at the same time as Facebook and Twitter, it has taken a unique road toward going public. Reddit has a lower valuation and significantly fewer active users than its peers.

Although Reddit was founded in 2005, at the same time as Facebook and Twitter, it has taken a unique road toward going public

In March, in an early step toward a public listing, Reddit hired Drew Vollero as its first chief financial officer. Vollero previously led Snapchat owner Snap through its own IPO.

 

Reddit’s Chief Executive Steve Huffman said that with an IPO, he would want to make Reddit’s share offering more accessible to individual investors.

Reddit files for IPO, cashing on 2021’s meme stock frenzy

What exactly is Reddit?

According to the company itself, “Reddit is home to thousands of communities, endless conversation, and authentic human connection. Whether you’re into breaking news, sports, TV fan theories, or a never-ending stream of the internet’s cutest animals, there’s a community on Reddit for you.”

 

Reddit looks more like a forum with message boards and subreddits (online communities/forums dedicated to specific issues). 

 

Message boards on Reddit, most notably WallStreetBets, have played a significant role in popularising so-called meme stocks. 

 

The r/wallstreetbets community pushed stocks in retailers to unprecedented heights. In particular, the forum became a hotspot for individual advice-seeking investors who rallied around GameStop Corp. 

 

The 16-year-old content aggregator has since been looking to build on its gained attention. 

 

However, the Reddit investing community isn’t sure if they like the idea of the social media company becoming a stock itself.

 

Social media fan? How about speculating on the future movements of social media stocks or meme stocks by trading them as CFDs? Check out our product page to find all the mentioned companies and more!

Categories
Blog

Tips for reflecting on your trading year

It’s the most wonderful time of the year – for many things, but also for reflection. However, traders are often so accustomed to the need for speed that often they don’t take the time to sit back and reflect.

 

Instead, traders should be taking advantage of the festivities and quieter markets to think about their trading year and consider how they feel about trading. In particular, looking back at our trades, activities, and decisions can help us confront our mistakes and focus on our personal growth as traders. 

 

Traders have a tendency to ignore all the bad and focus only on the wins and happier moments. This is called ‘emotional avoidance’, and it happens because it often hurts to think about what went wrong and why we lost.

 

But frankly, you need to not do that. Taking the time to reflect on your experiences and emotions, both positive and negative, enhances faster growth. 

 

Let’s see how 2022 can make way for a better version of 2021, your trading and you. 

Tips for reflecting on your trading year.

“Year’s end is neither an end nor a beginning, but a going on.”

As Hal Borland, American author, journalist and naturalist, once said: “Year’s end is neither an end nor a beginning but a going on, with all the wisdom that experience can instil in us.”

 

So, after reflecting on the trading year, you’d better design the ‘going on’. Below, you might find some inspo about how you can change or enhance your trading routine, considering your experience until now.

 

Find some time to reflect on your trading every single day: Journaling is a great way to reflect, build positive behaviours to avoid repeating past mistakes, make better future decisions, and increase self-awareness.  

 

Recording your everyday trading routine can help you think about the areas you need to improve in. But you can also track the areas in which you are outstanding. Focusing on good aspects too is very much needed and can be great for your motivation. So, cheers to both losses and successes!

 

Set goals rather than resolutions: Targeting is an integral part of everyday life, whether that’s to do with micro or macro goals. Every day, we make decisions based on goals we have already set, whether by design or unconsciously. But if you decide to set trading goals, your goals must be both achievable and measurable. They must also be realistic. Last but not least, you’d better focus on your goals and not only on the results.

 

Slow down and ask questions:  Your trading plan must be based on what you can control. Make your decisions based on what is happening, not what you think or want to happen. This means you need to ask questions, provide answers, and reevaluate from time to time. Don’t hesitate to ask for an expert’s opinion or that of a more experienced trader!

 

Want to prepare ahead of next year? Don’t forget to make use of Eurotrader’s economic calendar and crypto calendar to help you plan accordingly!

Categories
Blog

Space travel stocks to watch as billionaires fly to the moon

Unless you’ve been living on another planet, you may have heard the latest trend among billionaires: flying out to space.

Following in the footsteps of Elon Musk, Jeff Bezos and Richard Branson, Yusaku Maezawa, the Japanese online fashion tycoon, was sent to the International space station (ISS) last Wednesday for 12 days. 

Maezawa blasted off from the Russian cosmodrome in Kazakhstan with a Russian-built Soyuz spacecraft, kicking off the first self-funded tourism mission to the ISS in 10 years.

On Saturday, Jeff Bezos’ Blue Origin launched its New Shepard rocket for the sixth time this year, marking its first launch of six passengers at once.

While investors poured more than $25 billion into space-related programs in 2020, 2021 was a turning point for private space travel. 

A possible reason for commercialising space is the development of reusable rockets by companies like SpaceX. The company has stepped in to provide additional transportation to the space station for US astronauts, freeing up space for tourists. 

In addition, massive investments from billionaires brought down the cost of a satellite launch from $200 to around $60 million.

Space stocks to watch as billionaires fly to the moon

Think twice before promising someone the moon.

Before you make a grand gesture of flying someone to the moon, you should be aware that such a trip will set you back $50-60 million for a spaceflight mission.

 

Otherwise, the long-term growth potential of space travel remains to be seen. The industry is still niche, unknown and speculative. 

 

However, Amazon founder Bezos and Tesla CEO Musk continue to fuel the trend with their plans. What’s more, the space sector is bracing for record IPOs in the coming years.

 

As the broader space tourism sector booms, space travel stocks appear to be taking flight, and space-enthusiastic traders and investors can use these stocks to boost their portfolios alongside the momentum. Among others, you might want to watch the following: 

 

Virgin Galactic Holdings Inc. (NYSE: SPCE.N) is an aerospace spaceflight company that pioneered human spaceflights for individuals. Virgin Galactic made history last summer by completing its first fully crewed commercial spaceflight, with its founder Sir Richard Branson being among the crew.

 

Boeing Co (NYSE: BA.N) is a multinational corporation leading the aviation and aerospace industries. Its products and services include commercial and military aircraft, satellites, launch systems, and communication systems. 

 

Lockheed Martin Corp. (NYSE: LMT.N) is an aerospace company developing advanced technology systems. The company made approximately $11.9 billion in 2020 sales for its space segment. NASA works with Lockheed Martin and other space companies to send astronauts to the moon and Mars.

 

A new age of commercial spaceflight has arrived. Space stocks might rocket, but they also might nose-dive. One way to tap into both directions is to trade CFDs.

 

Want to speculate on skywards and downwards market movements? Why not check out which stocks Eurotrader has to offer over on our products page?

Categories
Blog

Do you still believe in the Santa Claus rally?

Many people think that Santa Claus does not exist because no one has ever spotted him. However, a seasonal rally that has been observed during the festivities has got some traders and investors believing in the Christmas magic.

The so-called Santa Claus rally is a historical pattern related to a year-end stock rally. The term was invented in the early 1970s by a market analyst who noticed the pattern.

While it’s not guaranteed, stocks tend to rally during the final five trading sessions of the year. The same occurs in the first two trading days of the new year as well. 

Historically, this market phenomenon has frequently delivered positive returns and a rise in stock prices. But, as with all seasonal effects, there is no guarantee that investors will see gains in any particular year. Past results cannot prove future performance, although data suggest that Santa rallies happen more often than not.

Eurotrader blog post | Do you still believe in Santa Claus rally

“Forget Christmas socks. What about stocks?”

What drives the Secret Santa rally? (No, it’s not reindeers.)

 

Many analysts believe that the Santa Claus rally results from people buying stocks in anticipation of the January rise in stock prices.

 

Other factors that may trigger the Santa rally are new year’s optimism or even the profiteering from holiday bonuses. 

 

Investors might also look at the consumer goods sector, which often gets a boost from holiday shopping. (Historically, strong stock markets have correlated with increased spending on goods.)

 

This year, the sentiment could be positive among traders based on optimism that the new year may be the last for the pandemic. However, the latest variant, Omicron, has also brought with it some concern and pessimism.

 

So there we have it. Stocks might go up, but they also might go down (as with any other time of year!). One way to tap into both directions is to trade CFDs, which allows you to speculate on upwards and downwards market movements.

 

Santa Claus visited Eurotrader early this year and dropped off a bunch of new assets! How about giving a boost to your trading portfolio by speculating the prices of our new commodities and indices

Categories
Blog

How to choose the right trading bonus for you

‘Hooray’! This is the word used to express traders’ joy when they find out that their favourite broker is offering a new bonus. 

 

A trading bonus is an opportunity for traders to receive extra funds to trade, and/or some other rewards too. 

 

As you may have already seen, there are several types of bonuses: deposit bonuses, no-deposit bonuses, welcome bonuses, and others with fancier and more imaginative names. 

Before you decide which bonus you’d like to claim, you’d better get an idea of how each one works and what you can achieve. 

 

Although there are various differences between trading bonuses and promotions, there is one common truth behind them: if you use them wisely and responsibly, they can benefit you. You should also bear in mind that there are specific requirements (minimum deposit, minimum trading volume etc.) that you might need to meet to get/use your bonus.

 

The advantage of bonuses, especially for new traders, is that even when your trading budget is minimal, you have the potential to receive some extra money to boost your trading activity. The same applies to experienced traders in that bonuses will give them the opportunity to trade larger amounts of capital.

Different traders, different needs, different types of bonuses

Let’s recap on the three main types of bonuses: 

 

Deposit bonus: You can claim this bonus either with your first deposit or with every deposit you make, depending on the offers. Deposit bonuses are beneficial for traders since once the bonus is unlocked, they can trade bigger sizes and more assets. In general, brokers offer 100% or less for deposit bonuses, but some (such as Eurotrader) might more-than-double your deposit

 

No-deposit bonus: The no-deposit bonus doesn’t require the trader to deposit any funds. As there is no risk of losing your own money, the worst-case scenario is losing your bonus. But the best case is that you can successfully trade your bonus and make profits out of it (though it’s worth noting that you usually have to trade a specified total volume before you can withdraw such profits). A no-deposit bonus is great if you want to try different trading strategies or even the broker of your choice and their trading conditions. 

 

Welcome bonus: Usually, the welcome bonus is what its name suggests: a complimentary welcome treat, like a fruit basket waiting for you at a Mediterranean coast hotel. This kind of bonus is usually transferred to the trader’s account following the registration and verification process. Sometimes you can get it automatically (like a no-deposit bonus), or you should first make a minimum first deposit (deposit bonus). The welcome bonus is usually a one-off, fixed sum equal for all new clients.

 

An important note is that you should always check the terms and conditions of each bonus to be sure that the one you chose is right for you, your trading experience level and your strategy.  

 

Speaking of bonuses, why not check out Eurotrader’s 111% deposit bonus? Just deposit between $50 to $20k to trade forex and metals, and we’ll match it by 111%. Promotion T&Cs apply.

Categories
Blog

How does Black Friday affect stock markets?

Black Friday is hailed as the kickoff to the holiday shopping season, and it’s one of the busiest, if not manic, shopping days of the year.

 

But where does the term ‘Black Friday’ come from? Well, once upon a time, Black Friday used to refer to stock market crashes in the 1800s. Since then, and thanks to the madness around the day’s special deals, stocks (mainly retail and consumer) usually get a boost from the prominent retail event. 

 

The market movement around Black Friday is closely linked to a sharp rise in Black Friday retail sales. This is because consumers often follow up Thanksgiving by shopping for Black Friday sales. 

 

Therefore, this period is often seen as a consumer ‘sentiment indicator’. If retailers show strong numbers, investors might believe that this is the start of a robust shopping season. Therefore, they push stock prices up. 

 

Respectively, if retailers cannot satisfy consumers on Black Friday, investor confidence could plunge, possibly causing stock prices to drop.

 

As supply chain ‘disasters’ worsen, it’s expected to be a very strong holiday season. Some experts are even predicting a record-high shopping period. Thus, considering the limited availability, consumers will likely spend as much as they can now to get what they need before any rise in prices. 

 

Further shifts in the market may be seen due to the ‘holiday effect’, i.e., seasonal investor optimism.

How does Black Friday affect stock markets?

‘Happy Black Friday! May your lines be short and your tempers too :).’

The stock market sees movement around this time of year mainly due to the aforementioned holiday effect. Markets tend to see boosted trading volume and more significant returns the day before a holiday or long weekend.

 

Apart from the holiday spirit, which boosts investors’ optimism, there is another reason for the holiday effect. Investors get in their last trades before the stock market closes for the week. As a result, US stock markets are closed for half the day on Black Friday.

 

However, the Black Friday effects are usually short-lived. 

 

Investors sometimes turn to Black Friday sales numbers as an indication of a specific retailer’s health or even the overall state of the retail sector. 

 

However, there is no empirical data or scientific evidence to support this theory. Data hints that there is no connection between a stock’s Q4 performance and the company’s Black Friday sales.

 

So, the best practice is to consider a company’s overall health when deciding which stocks you will trade.

 

How about speculating on the future movements of retail stocks by trading them as CFDs before or after your Black Friday shopping? Check out our product page to find all our stocks, commodities, indices, cryptos and forex pairs!