5 Mistakes Every New Forex Trader Makes
Overleveraging, ignoring the spread, trading the news without context — and how to avoid each one.
Vera explains market-moving events and economic context with clarity, restraint, and a learner-first perspective.
Iran’s Islamic Revolutionary Guard Corps said two oil tankers caught fire after striking naval mines in the Strait of Hormuz, according to reporting published on 18 October. Iranian state media said the vessels had used an unauthorised route. Ship identities, cargo details and independent confirmation of the reported mine strikes were not available in the cited report. The cause and scale of damage must therefore be attributed to Iranian authorities rather than asserted as independently verified facts.
Reuters reported on 19 October that China’s new-home prices declined about 0.1% month on month in September 2026 and 2.8% year on year, highlighting continued property-sector weakness. Forex Factory’s calendar showed a 0.14% monthly decline. The housing release is a separate data series from the Q3 GDP report previously packaged for Piplix.
Rightmove’s October survey found UK new-seller asking prices increased 1.0% month on month to £371,015, a £3,575 rise, but remained 0.1% below a year earlier. The survey covers 13 September to 10 October and is not seasonally adjusted. Reuters reported that the average two-year fixed mortgage rate had increased to 5.55% from 5.29% a month earlier. Asking prices are not completed transaction prices.
Associated Press reported that Ukrainian drone attacks on 18 October caused fires at oil facilities in the St Petersburg area during a major wave of strikes on Russia. Russian authorities reported intercepting more than 1,000 drones across affected areas; that count is a Russian claim, not an independently verified total. The attacks raise fresh questions about Russian oil logistics and infrastructure security. The extent of any sustained disruption to exports or refining has not been established.
China’s National Bureau of Statistics reported on 19 October that GDP expanded 4.5% year on year in the third quarter of 2026, compared with 4.3% in the second quarter. GDP increased 1.2% quarter on quarter. September industrial production grew 5.5% year on year and retail sales increased 1.1%, while fixed-asset investment fell 7.2% over the first nine months. The GDP figure exceeded the 4.4% market forecast cited by FXStreet.
The US Bureau of Labor Statistics reported on October 16 that import prices increased 1.1% in September 2026 after a 0.5% August rise. Import prices were 8.1% higher than a year earlier, their largest 12-month gain since July 2022. Fuel import prices rose 4.8% during September, while export prices increased 2.2%. The release offers fresh evidence on imported cost pressures but does not by itself establish how the Federal Reserve will respond.
France has begun putting into operation its plan to help protect Saudi Arabian energy infrastructure, Foreign Ministry spokesperson Pascal Confavreux said on 15 October. The plan, announced by President Emmanuel Macron on 24 September, focuses on Saudi Arabia's east–west energy corridor and the Red Sea port of Yanbu. French officials have not publicly detailed the equipment, troop numbers or precise stage of deployment.
The International Energy Agency said on October 15 that members had released approximately 330 million barrels under their March 2026 collective action and agreed to accelerate the remaining releases of around 100 million barrels. Plans include more than 20 million barrels of diesel as soon as possible. The IEA expects total releases to exceed the original 400 million-barrel pledge.
Eurostat reported on October 16 that the euro area recorded a €16.1 billion goods-trade deficit in August 2026, compared with a €10.7 billion surplus in July and a €1.7 billion deficit in August 2025. Exports reached €227.7 billion and imports €243.8 billion. Eurostat identified a deterioration in machinery and vehicles trade as a major driver of the year-on-year change.
Israel’s ambassador to the United Nations, Danny Danon, warned Iran, Hezbollah and other armed groups on October 15 against exploiting Israel’s election period. He said Israel had seen reports of possible provocations, including missile exercises, cyberattacks or disinformation, and warned of severe consequences for anyone threatening or attacking Israel. Israel’s election is scheduled for October 27. The reported threat scenarios are Danon’s claims, not independently confirmed attack plans.
FXStreet reported on October 16 that Ripple Prime introduced institutional access to more than 100 real-world-asset perpetual swap markets through contracts listed on Hyperliquid. The original Ripple announcement has not been independently verified.
Eurostat confirmed on 16 October that euro-area consumer inflation was 3.8% year on year in September 2026, up from 3.2% in August. Energy prices increased 18.9% annually and contributed 1.71 percentage points to the headline rate, while services contributed 1.52 points. Inflation excluding energy, food, alcohol and tobacco stood at 2.5%. The headline 3.8% figure was already estimated on 2 October; the final component breakdown is the new reporting element.