Managing Risk Efficiently in Six Steps
Any analyst or trading guide will tell you how important it is to manage your risk. However, how does one go about managing that risk? And what exactly do they mean by managing risk? Here is a step-by-step guide to one of the most important concepts in financial trading.
1. Determine Your Risk Tolerance
This is a personal...
Chart patterns in trading
The key is to spend time learning the basic rules so you can use these methods most effectively with your trading strategy. See our stock chart patterns guide for a comprehensive overview of the 11 most important chart patterns you may come across.
While the idea of trading patterns may seem strange, it’s based on carefully tested...
Hello fellow traders
Quick idea as the markets open up for the week I just wanted to show you all how I traded GBPUSD last week.
I am working the 30M time frame here using our 'EDGE' strategy.
As you will see from the chart there was four trades last week on this time frame and three were winners! 138 pips banked.
Our strategy is a follow trend strategy and...
Ok, going to throw in a little education from a trade I got on earlier. Nothing overly special from this trade. 30 pip move (and counting hopefully, the trade is still running).
First of all, I always draw my Fibonacci tool from top to bottom, never bottom to top but I appreciate there are people who do otherwise.
So drawing from swing high(0.90517) on the 1H...
The last few days has brought home some important insights about of currency pairs. The pair is a ratio of demand of one currency over another.
I couldn't go into every aspect of this in the video in just 10 min.
Based on my observations (which are not rules):
1. All pairs quoted in US-Dollars are vulnerable, as the Dollar heads south around this time.
Can we see this rise above the 115.000 as per the news,
Analysts at Nomura we expect a 0.2% (0.244%) m-o-m increase in US core CPI inflation for September following a 0.082% advance in August
we could see this raise even with the bullish wedge seen on our chart