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.
Uganda’s central bank announced an emergency Monetary Policy Committee meeting for Wednesday, 14 October, Reuters reported on 13 October. The announcement follows sharp shilling depreciation since August. The currency has repeatedly reached record lows this month and lost more than 11% against the dollar this year. The bank says it does not target a particular exchange rate. No policy decision was announced in this report.
JPMorgan earned $15.3 billion, or $5.57 per share, in the third quarter, compared with $14.4 billion and $5.07 a year earlier, Reuters reported on 13 October. Investment-banking fees increased 14% year-on-year but fell 8% from the previous quarter. Markets revenue rose 15% year-on-year. The results show annual growth alongside a sequential slowdown in deal fees, rather than uniform strength across comparisons.
NFIB reported on 13 October that its September Small Business Optimism Index fell 0.8 points to 97.9, slightly below the long-term average of 98.0. Its Uncertainty Index increased one point to 90. Labor quality or availability remained owners’ leading concern, while 20% identified inflation as their biggest problem. Only 7% considered it a good time to expand, down five points from August.
The European Central Bank and the EU's 27 national central banks opposed MiCA's requirement that major stablecoin issuers hold 60% of reserves as bank deposits. In a consultation response, the European System of Central Banks argued that the rule could expose lenders to volatile, less-sticky funding. It recommended replacing the deposit floor with a requirement that a minimum share of reserves mature within one to five working days. The group also warned of material enforcement challenges as non-compliant crypto firms continue serving EU customers.
Rona Therapeutics announced an exclusive worldwide licence to Roche for its investigational ALK7-targeting RNAi candidate. Terms include up to $100 million in upfront and near-term milestone payments, plus up to $1.06 billion in potential later milestones and tiered royalties.
Central Electricity Authority chairman Ghanshyam Prasad said India’s growing electricity demand could require more coal-fired capacity than previously planned, Reuters reported on 13 October. He said renewable expansion also needed complementary sources to maintain reliable supply.
BMW’s third-quarter global deliveries fell 6.3% to 551,072 vehicles, Reuters reported on 13 October. China deliveries dropped 24.8%, while the US and Europe increased 2.5% and 2.7%, respectively.
Worldpanel by Numerator reported grocery inflation of 2.5% over the four weeks to 4 October, versus 2.3% previously, Reuters reported on 13 October. Grocery sales rose 1% year-on-year.
The U.S. Securities and Exchange Commission granted temporary, conditional relief allowing approved tokenized-securities venues to trade tokenized U.S.-listed stocks through permissioned automated market makers and liquidity pools. The exemptions from exchange and dealer definitions expire five years after publication. Venues must preserve equivalent shareholder rights, notify issuers and respect objections, use auditable smart contracts on public blockchains, follow underlying-stock trading halts and comply with symbol and volume limits. The SEC is also seeking public comment on modifications and future rules.
Recruiter PageGroup reported third-quarter gross profit of £190.5 million, up 1.5%, versus a company-compiled consensus of £187.9 million. Its annual outlook was retained, Reuters reported on 13 October.
Stellantis estimated third-quarter shipments at 1.3 million vehicles, down 1% year-on-year, Reuters reported on 13 October. North America fell 12%, affected by a summer production shutdown, while Europe rose 10%.
Houthi political bureau member Mohammed Al Bukhaiti warned in an AFP interview on 12 October that US involvement in strikes against the group would trigger retaliation against American interests in the region. He also warned workers to avoid Saudi oil facilities and airports, describing them as targets. The statement is a conditional threat, not confirmation of US intervention or a new attack.