The UK governor of the Bank of England has reaffirmed his commitment over the past 24 hrs during various interviews, to keeping the UK’s base interest rate at a record low of 0.5% under his adjusted forward guidance programme. He felt the need to go public with a statement after the UK’s unemployment level fell […]
Revisiting some of the costly mistakes we made as novice traders can prove to be a cathartic and healthy exercise. Particularly if the mistakes taught us valuable lessons and helped nudge us in a better direction, causing us to eventually find a better place in relation to our trading. Blowing up an account, or losing
Fears of a China-led global slowdown and uninspiring U.S. data caused a selling frenzy on Wall St and throughout Europe on Thursday that ended with equities closing with their worst loss of the year. Major stock indices, such as the DJIA, closed down more than 1 percent in a sell off; the dollar fell, whilst
It was notable that when questioned earlier this year, as to what threats the global economy faces in 2014, the legendary FX trader/investor George Soros claimed that the real exponential threat to the global economy was China’s potentially slowing economy. Now given that many of the global central banks appear to have a handle on
A slowing Chinese economy may suggest that economic policy in China is falling short Read More »
If we assembled a group of traders’ together in a conference room, ensuring they were all of different levels of experience and success and then we posed a few basic trading questions to them, the answers we’d receive back would be fascinating. One critical question we’d ask would be regarding the ‘keystone’ to their trading
How cutting your losers early can dramatically improve your bottom line Read More »
As the Davos World Economic Forum gets into full flow it’s tricky to keep up with the appearance schedule. Moreover, it’s increasingly difficult to understand why some ‘delegates’ and guest speakers are given so much air time. The legendary UK entrepreneur and founder of Virgin, Richard Branson, gave a speech suggesting that the “war on
The UK published its latest unemployment data this morning revealing that the rate has fallen to 7.1%. Despite this fall there were some disappointing stats contained therein as the participation rate has fallen to 72.1% of adults of working age in the workforce, whilst the claimant count fell by 24K, below the expectation of a
There are many clichés regarding trading that (on the face of it) appear extremely easy to implement, but in reality are very difficult to put into practice. “Letting your winners run” and it’s equally important correlated phrase; “cutting your losses early” are two of the most widely used clichés we hear in trading discussions. Yet
As the USA markets stumbled into action (after the long bank holiday weekend) it was the Canadian loonie that took centre stage in early FX trading, by reaching a low point versus the dollar not seen since 2009. Looking at the commitment of trader’s report of last week there did seem to be a ‘telegraphed’
In several of our recent blog entries, when we’ve focused exclusively on trading methods, we’ve highlighted the recent DJIA move on December 18th 2013 as a perfect example of a sudden and violent break to the upside as a consequence of a fundamental policy high impact news event. Just a short re-cap; The USA Fed,
