A look at the AUDUSD price action this week and how it showed the way to a trend move…. [embedded content] Traders tend to get mesmerized by non-trending markets. They tend not to see a way out of the ups and downs and because of it, often miss out on a trend move where the
A back up for stocks You may have heard the phrase, the “Fed Put’ and wondered what it means. So, here is a quick explanation as to what it is, so you can understand the phrase. Every industry has it’s own ‘lingo’ which just helps to speed up communication, but can be annoying if you
A look back at some of the most unusual events in the market Believe it or not, historic events have shaped and had an impact in the global economy with the currency market, having the biggest impact of all. A currency’s value is a basic fundamental component of a country’s wealth that allows the purchase
An introduction to CFDs Contracts-for difference (CFDs) is a popular form of investing across a range of financial instruments that does not require buying or selling the underlying asset. CFDs are offered by most brokers given their flexibility. They function as a derivative product that allow investors to speculate on everything from foreign exchange, commodities,
Stop placement One of the frustrating things when you are trading intraday is to find that you pick a direction in a trade, get that direction right, but your stop was taken out before the trade moved in your direction. Why does this happen? Sometimes you might feel that your stop has deliberately been hunted!
If you are new to markets you will likely get pulled into a shit rabbit hole about how the ‘big boys’ know everything that’s going on and are using the information to target you, specifically. Which, if you think about it, is absurd. On many levels. I found this little bit in a Wall Street
This is a short article at Zero Hedge that is very instructive indeed and worth a read. Point 1 looks at human risk aversion due to asymmetric evaluations of gain/loss i.e. the pain of a loss is twice the joy from a gain Point 2 is that risk tolerance is inextricably intertwined with personality My key takeaway
Trading 101 If you are struggling to master the financial markets understanding this one concept could be enough to help you start thinking the right way. This article is for the very novice trader. We were all there once, but many people like to forget that. However, it can be a horrible place to be.
But despite some pro-golfer follies this weekend, my golf game is far from being pro-like (but not discouraged). [embedded content] Watching the recent professional golf tournament this weekend, there was a series of back to back to back shots which made the pro’s look rather amateurish. I actually thought, I might have a chance (and
Hear no evil, see no evil, speak no evil? Recently I have been re-reading Vic Sperandeo’s Method of a Wall Street Master. It is an excellent read even if some of the market conditions in the book are a little dated. One of the general tips that he has, and many other traders have, is