U.S. equity indices recovered late on in the New York session, as President Trump rowed back from his threat to apply tariffs, of up to 25% on Chinese imports, starting from Friday May 10th. After the DJIA had plunged by over 400 points during the early part of the session, as price crashed through the […]
During the early months and years of your trading journey and evolution, as you’re experimenting and exploring the full range of trading opportunities, you’ll commit many of the trading mistakes, all experienced and successful traders will testify to. You’ll trade from an undercapitalised account, apply too much leverage, receive margin calls, overtrade, revenge trade and
The latest U.K. GDP growth figures will be published at 9:30am U.K. time on Friday May 10th. Reuters are forecasting that the (month on month) growth figure for March, will come in at 0.00%, falling from 0.2%. The first quarter growth figure for 2019 is forecast to come in at 0.5%, the cumulative effect of
China’s equity market indices, continued the recent sell off, after President Trump issued a statement at a political rally in American during the evening. He stated that China broke off negotiations and effectively broke the conditions of the agreement, which had been brokered over recent months. He reiterated the threat issued earlier in the week;
When faced with the question; “what is your most valuable trading tool?” traders have many different answers and equally many theories to support their convictions. Some traders might suggest their preferred trading platform, such as MetaTrader’s MT4, is the most valuable tool at their disposal. Others might point to all the indicators that compile technical
The high impact releases that tend to have a higher impact on FX markets. Read More »
The U.K. pound slipped versus several of its peers, during Wednesday’s trading sessions, as Brexit issues resurfaced after a period of relatively subdued discussion in the mainstream, financial press. After receiving a reprieve from the original March 29th exit date, the U.K. government entered into a month long dialogue with the opposition Labour Party, in
The vast majority of retail FX traders are part time; typically they’ll be holding down part time or full time jobs, whilst either attempting to learn how to trade, or continuing their successful trading. It’s tricky to establish the exact numbers from authorities such as ESMA, but retail traders are unlikely to be scalpers, or
How can you match your trading ambitions to your current employment? Read More »
The fall in Chinese equity markets, witnessed during the Sydney-Asian sessions on Wednesday morning, was expected based on the increased threats from the Trump administration; to increase tariffs from 10% to 25% on $200m of Chinese imports, beginning on Friday May 10th. The threats to apply new tariffs, of the same amount, on all Chinese
Successful traders are, by their nature, perfectionists. They seek alpha (maximum profit) in each and very trade they execute, on every trading day. They’re constantly looking for methods and micro adjustments, as they fine tune their strategy, to squeeze as much profit as possible from the market. However, they often have to control their perfectionist
Strive for excellence in your FX trading, not perfection. Read More »
After Trump’s weekend threats versus China; to raise tariffs on $200b of imports from 10% to 25% beginning this Friday, the U.S. and Eurozone markets adjustment during Monday’s sessions was relatively contained, after Chinese markets sold off by the largest single day amount in over three years. However, after escalated threats emerged on Tuesday morning
