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September 15, 2025
We are only two days away from a long-awaited interest rate cut on the Dollar. FedWatch is currently leaning sharply towards a 25-bps cut and any larger cuts appear to be off the table for the time being. Despite the slight uptick in inflation observed over the past few months, the deteriorating labour market has left the Fed with no other option than to slash rates in a bid to stimulate job creation. US stocks were a mixed bag on Friday; the Dow suffered modest losses while the S&P 500 closed flat and the tech-heavy Nasdaq Composite managed yet another record high close. The hype surrounding artificial intelligence is still alive and well and continues to push tech stocks higher, as evidenced by last week’s surprise deal between OpenAI and Oracle (ORCL). The deal is valued at an eye-watering $300 billion and sent the stock flying 36% on Wednesday.
Positive sentiment further enveloped Wall Street last week as no fewer than six companies went public, each one raising over $100 million. Among them was Gemini Space Station (GEMI), the parent company of the Gemini crypto exchange, which raised $425 million in its IPO. Such listings are set to pick up over the next few months, with analysts projecting three to five IPOs per week throughout autumn.
Gold continued to stabilise over $3,600 an ounce this morning as attentions increasingly shift towards silver. The lesser metal has gained a commendable 45% since the start of the year and is now getting comfortable above $42. In crypto meanwhile, Bitcoin closed the week at $115k per coin after a painfully lacklustre weekend session; very little to be said about the alt market either. Currencies have been equally quiet in recent sessions, even in the typically more volatile pairs as the DXY remains stuck below the 98 mark. Everyone is waiting for Wednesday’s decision.
By most accounts, the outcome of the FOMC meeting late on Wednesday is a foregone conclusion. Despite this, the event remains by far the most important of the week and traders would do well to keep an eye on it anyway because however unlikely, a 50-bps cut is still possible. The Federal Reserve is not the only central bank with a decision to make this week. Prior to the Fed’s decision, the Bank of Canada will convene to vote on the Canadian Dollar, which is predicted to undergo a rate cut of its own from 2.75% down to 2.5%. On Thursday, the Bank of England will likely maintain rates on the Pound at 4% while on Friday, the Bank of Japan is expected to keep rates on the Yen at 0.5%. Before all of the above, US retail sales are set to be published late on Tuesday and are expected to show moderate declines in consumer spending.
US consumer inflation largely fell in line with expectations yesterday, with the headline year-over-year figure coming in at 2.9%. The bigger surprise came in the form of producer inflation the day prior, which showed PPI falling into negative territory at -0.1%, meaning that wholesale prices actually dropped in August. The long and the short of it is that the Federal Reserve has a pretty straightforward path to a 25-bps rate cut next week. A sudden spike in inflation figures may have stayed the Fed’s hand, but as it stands the risk of doing nothing outweighs the risk of looser monetary policy. The prospect of a greater reduction in rates appears to be off the table for the time being, although markets are pricing in a total of 75-bps in rate cuts before the end of the year.
Stocks markets are breaking records like it’s going out of fashion. From the US to Asia, indices around the world continued to hit fresh highs yesterday. In the US, the Dow Jones Index smashed through 46,000 for the first time in its history, while the Nasdaq Composite secured an accolade of its own by closing above 22,000 points. No significant milestones for the S&P 500 but the index also closed at record highs on Thursday. This morning in Asia, the major indices in Japan, Hong Kong and Korea are all currently sitting at all-time highs as well.
Momentum has shifted from gold to silver. While the former remains at all-time highs at around $3,650 per ounce, the latter has shifted up a gear and is now sitting comfortably above $42. We haven’t seen such prices in well over a decade and some investors are beginning to ask whether silver will soon break its long-standing record high of $49.95, established all the way back in 1980. Accounting for inflation the precious metal is still obviously way off par but the numerical milestone remains significant nonetheless. Following the rise in gold and silver, attentions are understandably shifting to cryptocurrencies and sure enough, Bitcoin has perked up a little over the past couple of sessions. $115k is the current valuation but once again Bitcoin dominance continues to slide, meaning the broader alt market is faring better. One to watch.
The forex market holds massive potential for those who learn to trade it wisely. But for Forex trading for beginners, understanding what forex is, and what affects your trades is the first step.
Currencies move fast, and strategies can fail without a solid foundation. If you’re new to this world, think of it as learning how to swim: jumping straight into the deep end without knowing how to float rarely ends well.
In this beginner’s guide, you’ll learn how to start trading forex the right way, avoid common pitfalls, and maybe even save yourself from a few unnecessary headaches along the way.
At its core, the foreign exchange (forex or FX) market is where one currency is exchanged for another. Every trade involves buying one currency while selling another, like swapping your local currency notes for another currency notes at the airport, only on a global scale and with trillions of dollars moving daily.
Key features of the forex market:
For beginners, it’s important to know that the forex market isn’t just one single place, it’s made up of different parts where trades happen:
Since forex is a 24-hour market, it’s broken into four main sessions. These sessions overlap, which is where the fun (and volatility) really begins.
Forex Session
|
Session Time (Standard/Winter GMT)
|
Session Time (Daylight/Summer GMT)
|
Notes
|
|---|---|---|---|
| Asia (Tokyo/Hong Kong/Singapore) | 00:00 – 09:00 GMT | 00:00 – 09:00 GMT | No DST, same all year |
| Europe (London) | 08:00 – 17:00 GMT | 07:00 – 16:00 GMT | DST shifts 1 hour earlier |
| North America (New York) | 13:00 – 22:00 GMT | 12:00 – 21:00 GMT | DST shifts 1 hour earlier |
Session Overlaps
Overlap
|
Time (Standard/Winter GMT)
|
Time (Daylight/Summer GMT)
|
|---|---|---|
| Europe + North America | 13:00 – 17:00 GMT | 12:00 – 16:00 GMT |
| Asia + Europe | 08:00 – 09:00 GMT | 07:00 – 08:00 GMT |
Tip: The London-New York overlap is the most active a prime hunting ground for traders.
Read more：Best time to trade forex: When to enter the market during the day
So, how do people actually make money trading forex? In simple terms, traders aim to buy low and sell high (or sell high and buy low). If you buy GBP/USD expecting the euro to strengthen against the dollar, you’ll make a profit if that happens, but you’ll lose if it goes the other way.
Forex trading for beginners can seem complicated initially.
Here are seven golden rules every new forex trading beginner should keep in mind:
Here’s a practical step-by-step guide to help you move from “what even is forex?” to making your first trade:
Good news: you don’t need a fortune. Many brokers let you open accounts with as little as $50-$100. But realistically though, starting with at least $500–$1,000 gives you more breathing room. The key is not the amount you start with, but how you manage your capital.
Every trader eventually finds a strategy that fits their personality. Here are a few of the most popular:
At first glance, forex trading looks simply: buy when it’s going up, sell when it’s going down. Easy, right? Not exactly. The reality is forex markets are fast-moving, unpredictable, and full of hidden traps.
Forex trading for beginners – the main challenges are:
Fast-Moving Markets
Prices can change in seconds. A trade that looks great one moment can collapse the next.
So, how do you stay sane and avoid being eaten alive by the market?
Every field has jargon, and forex is no exception. Here are some of the most common terms you’ll come across:
Term
|
Definition
|
Example
|
|---|---|---|
| Pip | The smallest price moves in forex - 0.0001. | EUR/USD moves from 1.1000 to 1.1001 = 1 pip. |
| Lot | Standard trade size (100,000 units). Mini and micro lots are smaller. | A 1 mini lot trade = 10,000 units. |
| Spread | The difference between the buy and sell price. | Broker quotes EUR/USD at 1.1000/1.1002 → spread = 2 pips. |
| Leverage | Borrowing money from a broker to trade bigger positions. | 1:50 leverage = $100 controls $5,000. |
| Margin | The amount of money required to open a leveraged trade. | $100 margin to control a $5,000 trade. |
| Stop-Loss | An order that closes your trade at a set loss. | Buy EUR/USD at 1.1000, stop-loss at 1.0950. |
| Take-Profit | An order that closes your trade at a set profit. | Sell GBP/USD at 1.3000, take-profit at 1.2900. |
| Volatility | How much and how quickly price moves. | GBP/JPY = highly volatile, EUR/USD = calmer. |
| Liquidity | How easily you can enter/exit trades. | EUR/USD is highly liquid. |
Charts are a trader’s best friend they show how price moves over time. Here are the most common types:
Read more:Top forex brokers to trade with in 2025
Forex is risky by nature but with the right precautions, you can protect your account.
Read more:How to select the best analysis method for forex trading success
Radex Markets offer:
Read more:Effective risk management in FOREX
Think of leverage as hot sauce: a little adds flavour, too much and it ruins the dish. Stick to lower leverage until you gain experience.
Economic news like Non-Farm Payrolls (NFP) or interest rate decisions cause huge spikes. Beginners often get burned by trading during these times. Watch and learn during these times.
Read more:Forex news
Read more:ECONOMIC CALENDAR
A: Yes, if you treat it as a skill to learn, not a get-rich-quick scheme.
A: It varies. Most traders take months (or even years) of practice before becoming consistently profitable.
A: Not at the very start, but you’ll need at least basic chart-reading skills to progress.
A: The London–New York overlap (12:00-16:00 GMT in summer) is the most active market time.
Read more：Best time to trade forex: When to enter the market during the day
A: Start with free guides, demo accounts, and reliable resources - not social media “gurus.”
Read more:Forex news
Yesterday, the Bureau of Labour Statistics released its annual non-farm payroll revision, covering the period between March 2024 and March 2025. The report estimated that 911 thousand fewer jobs had been added to the US economy during that time frame than initially stated. Put differently, previous NFP reports overestimated new jobs by 76 thousand per month on average, meaning the slowdown in the US labour market has been going on for far longer than previously thought. Upon hearing of the scale of the revision, VP Vance chimed in with “it’s difficult to overstate how useless BLS data has become”. As if it were needed, the updated NFP figures put further pressure on the Fed to lower rates in a bid to stimulate the US labour market. The odds of a 50-bps cut remain minimal according to FedWatch, so it looks like markets are gearing up for a mere 25-bps during next week’s meeting.
The widely expected rate cut is doing wonders for markets around the world. Gold convincingly broke through $3,600 per ounce on Monday and initially rose even higher during yesterday’s session, reaching towards $3,675 at one point before cooling off for the day. The precious metal is showing renewed vigour once again this morning and is already up half a percent at the time of writing.
The record-breaking streak in bullion prices was matched by stock market gains around the world yesterday. In the US, the Dow Jones, S&P 500 and Nasdaq Composite all closed at record high levels; in Hong Kong, the Hang Seng index reached a new peak and pushes higher still this morning; finally in Japan, the Nikkei 225 broke new ground above 44,000 points during yesterday’s session for the first time in its history.
In cryptocurrencies meanwhile, nothing appears to be happening. Bitcoin remains comfortably above $100k but has shown little inclination to move higher despite the prospect of a rate cut. Bitcoin dominance however is showing signs of weakness, allowing the alt market some breathing room to expand.
US PPI data drops in a few hours, followed by CPI data tomorrow. Neither is expected to show much progress on the inflation front, which remains stubbornly above the Fed’s 2% target. Headline inflation is expected to reach 2.9% according to Thursday’s CPI report but should the actual figure overshoot predictions it may complicate the Fed’s path forward. Should inflation continue to push higher it will no doubt limit the central bank’s willingness to loosen the monetary tap.
A few years back, Hollywood gave us the movie Next, starring Nicolas Cage, who could see ten minutes into the future. Handy if you’re trying to stop an international terrorist attack, but downright lethal if you’re trading forex. With that kind of superpower, you wouldn’t just be profitable; you’d probably break the global financial system within a week.
Sadly, unless you’ve got Nostradamus in your family tree, predicting market prices with that level of accuracy will forever remain the stuff of dreams (and questionable Hollywood scripts).
But traders have never been people to give up easily. If we can’t see into the future, we’ll happily build machines that try to. Enter the latest quantum leap in technology: artificial intelligence (AI).
AI has already stormed into our daily lives — recommending the shows we binge, correcting our spelling mistakes (sometimes incorrectly), and answering our questions at the speed of light. It is no surprise then that traders are now asking: ‘Can AI help me beat the forex markets too?’
Once upon a time, forex trading meant staring at candlestick charts until your eyes watered, drawing mysterious lines across them, and convincing yourself you had found the “secret pattern” that nobody else in the world had ever spotted. Spoiler alert: you hadn’t.
Then came the era of algorithmic trading and expert advisors (EA’s); pre-programmed rules that could buy and sell on your behalf. These “algos” were basically glorified to-do lists for computers: “If EUR/USD hits this price, buy. If it drops that far, sell. If it does neither, do nothing.” The good EAs worked well enough, but they still rely entirely on human logic and human programming. Many EAs are still used today by traders around the world.
Fast forward to today, and we’re watching the birth of something far more sophisticated: AI-powered trading. Unlike those early algos, AI doesn’t just follow instructions — it learns, adapts, and sometimes makes decisions its human creators can’t fully explain.
Hedge funds and investment banks were the first to jump all over this shiny new toy. With deep pockets, supercomputers, and clever PhDs running around, they started building AI systems that could crunch mountains of data faster than you can say “spread betting.” From economic reports to social media posts, AI now has the ability to digest more information in a second than a human trader could in a lifetime of Red Bull-fuelled all-nighters.
Of course, as with all things in finance, what the big players use tends to trickle down to retail traders sooner or later. Trading platforms are already experimenting with AI-driven bots, pattern recognition tools, and even sentiment analysers. The question is no longer “Is AI coming to forex?” but rather “How soon before it becomes as common as the moving average indicator?”
Advantages of AI in forex trading
If there’s one thing traders love, it’s an edge. And AI comes loaded with shiny new edges, like a new flying car designed by Elon Musk. Let’s explore the advantages of AI:
1. Speed & efficiency
AI can scan hundreds of charts, analyse historical data, and spot patterns faster than you can say “take profit.” While a human trader might spend hours poring over a GBP/USD chart, AI can check the entire forex market in seconds and still have time to order itself a metaphorical flat white.
2. 24/7 trading
Humans need to sleep, eat snacks, and the occasional Amazon prime binge to stay sane. AI, on the other hand, doesn’t care if it’s 3 a.m. in Japan or lunchtime in London. It can monitor the markets continuously, catching opportunities while human traders are busy wondering about what to have for lunch.
3. Data processing power
AI thrives on data, the more it gets, the better. It can crunch not only price charts but also economic reports, central bank speeches, and even the mood swings of Twitter (or X, depending on how old you are). This ability to factor in multiple streams of information gives AI an analytical depth that would take a human a lifetime to match.
4. Reduced emotion
Let’s face it: emotions are the Achilles’ heel of many traders. Fear, greed, and revenge-trading have destroyed more accounts than bad internet connections. AI, however, doesn’t feel a rush of adrenaline when it sees a big candle forming. It simply follows its data-driven models, calmly placing trades without any squeaky bum moments.
5. Consistency
AI doesn’t get bored, distracted, or suddenly decide to “just wing it.” Once trained, it applies its logic consistently, which can remove the wild swings that often comes with human decision-making.
In short: AI is like the disciplined trader we all wish we were — fast, tireless, data-hungry, and immune to panic.
The limitations of AI in forex trading
You might be asking yourself by now, ‘why am I even bothering to trade in the traditional way, why not just AI take over?’ Before we crown AI the king of forex trading, we should take a sobering look at its flaws. Because while AI is clever, very clever indeed, it’s not exactly infallible and sometimes, it’s as clueless as a tourist trying to read a London Tube map for the first time.
1. The black box problem
All AI models, especially the complex ones, often can’t explain how they reach their own conclusions. That’s comforting when you’re asking it to recommend a great place to eat out… but less so when it’s risking your hard-earned cash. If your AI bot loses ten trades in a row, don’t expect it to lean back and say, “Well, here’s where I went wrong.” More likely, it’ll just sit there smugly, convinced it’s still right.
2. Market unpredictability
AI loves patterns — it thrives on them. The problem? Markets don’t always behave predictably. Black swan events like wars, pandemics, or surprise political tweets can blow even the smartest algorithm out of the water. AI may know how EUR/USD usually reacts to a U.S. jobs report, but it’s less equipped to handle Trump announcing he’s invaded Greenland “as he likes Polar Bears.”
3. Accessibility and cost
The best cutting-edge AI systems live in the exclusive world of hedge funds and big banks, guarded by PhDs and expensive security hardware. Retail traders often get watered-down versions. Think of it like buying instant coffee while the pros sip freshly ground Columbian espresso. It works, but it’s not quite the same.
4. Dependency risk
There’s also a real danger of traders becoming overly reliant on AI. If you let the machine do all the thinking, you risk losing your own trading skills. And let’s be honest; if your Wi-Fi crashes and your AI bot goes silent, would you actually know what to do? Or will you just sit there staring at your screen, praying for your robotic overlord to return?
5. Human intuition still matters
AI is great at crunching numbers, but it doesn’t have a human “gut instinct.” It can’t read between the lines of a central banker’s speech, sense the tone of a geopolitical headline, or notice that the big gold traders suddenly look nervous. Sometimes, even with all the available resources AI has, the human touch still has the edge.
Bottom line: AI may be powerful, but it’s not magic. It is a tool; and like all tools, it’s only as good as the person who using it.
Human vs. AI: Who wins?
Picture this: On one side, you’ve got the AI — the data-driven genius with perfect recall, lightning reflexes, and zero sense of humour. On the other, you’ve got you, the human trader, a bit scrappy, emotional, sometimes reckless, but streetwise with a pretty reliable gut instinct. Together, you’re either going to clean up in the markets… or blow your trading account to pieces.
What AI brings to the table
What humans still do best
The truth is, asking who wins — humans or AI — is a bit like asking whether Doc or Marty McFly is the real hero. The answer is that they work best together. AI can filter the noise, crunch the data, and provide signals. Humans can bring judgment, context, and the ability to say, “Actually, maybe don’t short the dollar five minutes before this month’s NFP data.”
In other words: AI plus human trader equals a potentially powerful duo, if we remember who’s driving the DeLorean (hint: it should be you, not the bot, not just yet anyway!).
The future: Where is AI taking forex trading?
If history has taught us anything, it is that traders will adopt any new gadget that promises even the slimmage of edges — whether it’s Fibonacci spirals, crystal balls, or that one lucky pair of pants. You can bet your bottom dollar that AI isn’t just a passing fad in forex; it’s here to stay. The real question is: what will it look like in the future?
1. Smarter, faster, and more accessible
We are likely to see AI trading tools become more powerful and more widely available. The hedge funds and big banks may still hoard the fanciest new toys, but retail platforms are catching up fast. In a few years, it could be as common to plug an AI bot into you’re your chart window as it is to slap on a 200 Moving Average.
2. AI that understands context
The dream is AI that doesn’t just crunch numbers but also understands context. Imagine a system that can read a central banker’s speech, detect the subtle nervous coughs, and say, “Yep, rates are definitely coming down.” That’s where natural language processing (NLP) and machine learning are heading. It won’t be Nicolas Cage seeing 10 minutes ahead, but it might get close enough to be super scary.
3. Regulation and responsibility
Of course, with great power comes… great regulatory headaches. If your AI bot accidentally causes a flash crash, who’s responsible? You? The AI developer? The robot itself? Regulators are already scratching their heads on this one, and we can expect stricter rules as AI becomes more common in trading.
4. Human + AI partnerships
The most realistic future isn’t AI replacing traders but AI supporting traders. Maybe think of it as your wing man: crunching the data, flagging the risks, and leaving the final decision to the human in charge. The best traders of tomorrow may not be the ones who reject AI outright, but those who learn to work with it.
5. Will AI replace traders entirely?
Unlikely. After all, the markets are driven by humans; their fears, hopes, politics, and unpredictable behaviour. AI can analyse patterns, but human chaos is much harder to code. For better or worse, traders will probably still be around, arguing on Instagram and blaming their brokers when things go wrong.
The future? AI will almost certainly play a bigger role in forex trading, but don’t worry, it’s not about to kick you out of your chair just yet. More likely, it will slide up next to you, whisper some data-driven advice, and then let you make the shot.
In conclusion
Will AI be the future of forex trading? Inevitably, yes. It’s fast, tireless, immune to emotional meltdowns, and capable of digesting more data in a second than most traders could in a lifetime. It’s already reshaping the way hedge funds and banks trade, and retail traders are quickly catching up.
But let’s not kid ourselves. AI is not a magical crystal ball. It struggles with unpredictable events, it doesn’t have human intuition, and it can’t yet read the subtle smirk of a central banker who’s about to drop a policy nuke. The smartest traders of the future won’t hand over the wheel entirely they will use AI as a powerful wing man while keeping their own hands firmly on the controls.
In other words: AI may be the Ferrari of forex trading, but you’re still the one in the driver’s seat. If you treat it as a tool and not as a magical money machine — it might just help you navigate the winding road of the forex markets with fewer crashes and maybe even earn you a few extra pips in your pocket.
And if all else fails? Well, you can always go back to watching Nicolas Cage movies and dreaming about seeing ten minutes into the future. It’s cheaper, less stressful, and the snacks are not bad either.
Last Friday’s NFP release all but confirmed that we are getting a rate cut during next week’s FOMC meeting. 75 thousand new jobs were expected in August, but the latest report revealed that the actual figure was in fact only 22 thousand. Before the latest jobs numbers, interest rate traders were already leaning heavily in favour of a 25-bps cut, but after Friday’s data drop, market participants are now entertaining the possibility that the Fed will commit to a stronger move and slash rates by a full 50-bps instead. Whatever the size of the cut, monetary easing is around the corner.
Despite the abysmal employment figures, the reaction in US stocks was relatively muted. The S&P 500 and Dow Jones lost modest amounts while the Nasdaq ended the day almost flat. The Dollar lost around half a percent against major currencies but once again, nothing significant. Precious metals hosted the bulk of the drama last Friday, which saw gold briefly reach up to a record-breaking $3,600 per ounce. The metal opened high this morning and is currently deliberating on its next course of action. The move into gold is a global phenomenon, fuelled by rate cut expectations on the Dollar, but perhaps more generally by a growing sense of uncertainty within financial circles. Countries around the world continue to stockpile precious metals, with the Chinese central bank adding to its reserves for the tenth consecutive month.
There may yet be some twists and turns in the road before next week’s interest rate decision. The first arrives tomorrow in the form of the non-farm payrolls annual revision, a more comprehensive data set which includes tax records and is considered more accurate than the usual monthly reports. Last year’s revision slashed 818 thousand jobs from the annual figure, from 2.9 million jobs initially – a 30% correction. A similarly significant report tomorrow may paint a different picture of the US labour market entirely. Things complicate further on Wednesday with August PPI figures and again on Thursday with the latest batch of CPI data. The two reports will provide the newest information about inflationary pressures in the US and may factor into the Fed’s next move. A poor labour market coupled with higher inflation is not a situation any country wants to be in and leaves the central bank with difficult decisions to make. In Europe meanwhile, the ECB is expected to maintain rates steady on the Euro at 2.15% on Thursday.
Geopolitical events could provide some entertainment in financial markets this week as France’s Prime Minister faces a confidence vote later today which he is fully expected to lose. The French economy boasts one of the highest debt-to-GDP ratios in the world and yields on French bonds continue to rise. The Japanese Prime Minister meanwhile resigned yesterday, potentially paving the way for an advocate of greater looser fiscal policy to take up the mantle. Either way the path forward for the Bank of Japan remains a complicated one.
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