What’s the rush? I love this quote from George Soros because it is more true every day. He said it in his book on the crash of 2008 but he might be talking about fake meat, marijuana or electric cars today. We can all see trends towards environmentalism, renewables, e-commerce, the internet, eating out and
Gold gives back $25 in gains Gold remains in positive territory but has given back the bulk of its gains. It’s up $10 to $1562 from a high of $1588. The move is part of a broader fade in the fear trade that started in European trading and has picked up in the past hour.
How month-end models can predict movements into the end-of-month fix Here is how SocGen explains its month-end currency rebalancing model and it’s a good basis for how all firms try to anticipate what will happen into the month-end fix. The FX Month-End Rebalancing model explained The model is based on the concept that global portfolio
Interesting paper on the effect of distractions Some of the best trades come from focusing on something that everyone else is ignoring. Market participants are naturally attracted to volatility but oftentimes there are clearer signals that build up in quiet markets before they finally make a move. Afterwards the momentum traders are pulled in and
How to combine strategy, analysis, and indicators A successful Forex trader stands out from the crowd with the types of trading strategies they choose to deploy to and how to utilize different strategies in different circumstances. More experienced traders know that a single strategy will not do when trying to become a success in the world
Jim Simons had modest wealth at 52; now he’s worth $23 billion Financial markets — and risk taking in general — are largely the domain of the young. Early adulthood is the time to swing for the fences while middle age is a time for prudence, perhaps risking a manageable part of the nest egg.
A bit of inspiration Success in any endeavor is similar. It takes a combination of dedication, discipline, resilience and luck. On the weekend, Canelo Alvarez pulled off an incredible feat — moving up 20 lbs in weight and knocking out Sergey Kovalev to win a light-heavyweight title. It makes him a four-weight world champion and
A case study in sentiment trading A few weeks ago I wrote a post here on trading fresh sentiment. From September 23 – October 08 I kept the news flow going for Justin over the European am session, so I thought I would put together a few examples of fresh sentiment trading that there was
Crypto bulls are not happy with me The classic expression is that: “The bigger they are, the harder they fall”. For markets, it might be “the harder they fight, the weaker they are.” I’ve written about markets for more than a decade and often the articles that generate the most-surprisingly lively reactions are the when
Ten mistakes to avoid when trading FX If you aim to become a successful and profitable forex trader, there are a number of seriously damaging mistakes that you’ll want to avoid. It should go without saying that you will make some mistakes when learning how to trade. It’s simply unavoidable. This is not necessarily a
Feel like it’s time to achieve your investment goal and boost your income? Every trader has its own unique reason for why he or she started trading in the first place. But at the end of the day, every trader feels disappointment and frustration when profits are not coming the way he or she hoped.
A better understanding of forex signals Forex trading can be overwhelming, especially for beginners. This is why trading signals are a valuable tool in your resource kit. Thanks to signals, you can make decisions about whether you should buy or sell a currency pair at a certain point in time. Signals can be generated by
FX lessons Learning point this am which we shouldn’t let pass. When a hawkish board member makes a dovish comment This is what happened earlier. Bank of England’s Saunders is a hawk, but his comments about not delaying a necessary rate cut because of Brexit were dovish. See here for his earlier comments. The reactions
A look back at two trade ideas On August 28, both Goldman Sachs and Citigroup issued trade ideas on the Canadian dollar. Let’s have a look at they did. Goldman Sachs recommended buying USD/CAD with a target of 1.3600 and a stop at 1.3050. “Unlike most of its G-10 peers, the BOC has not signaled
Risk management 101 This article is for you if you want a starter on risk management that is practical and simple to follow. I have written recently on the attitude required to manage money. See this article here on talking about the M-word. I have also written previously on the use of leverage and how
How to start out in forex trading, from EagleFX Forex, often shortened to FX or the foreign exchange, is a global decentralized market for the trading of a wide variety of currencies. The forex market is the largest in the world, with billions of dollars being traded daily. Once you’ve selected a broker, whether it
Profits and when to take them This article is in response to a comment made by Anwar on the ‘five tips for when you are struggling article‘ that I published on September 07. At the bottom of the piece Anwar asked for an article on ‘taking profits’. So, here it is for you Anwar. An
A great taboo of our age Sex, religion and politics are easier to talk about than the ‘M-word’. Well it’s true. Money is very hard to talk about. I was talking to my friend who works in accounting a few months back and he was bemoaning the fact that whenever he tried to advise his
The Japanese Yen is a risk haven currency The Japanese Yen is a safe haven currency which investors rotate into during times of uncertainty. The Yen is most probably the largest risk sentiment mover and is the go to currency of choice for risk on and risk off moves. So, the next time there is
Watch the revisions Economic data is overrated. Don’t get me wrong, data often leads to big moves in markets and once-in-awhile; a change in the trend. Much more often it’s noise and a mash-up of confusing noise. So what’s a better way to find the signal. One theory is that revisions offer better clues. If
Good border line to lean against The USDJPY on the hourly chart has seen a lot of swing levels in the 106.68 to 106.77 area. I count 7 different swing highs going back to August 14 (see red numbered circles). Yesterday the price tested the level for the 7th time and backed off one final
Some tips on how you can improve your trading This article will give you some helpful tips from a professional analyst and full-time trader’s perspective. If you are just starting out on your trading journey, or even if you are some way down the track, read below for seven top tips in FX trading. Tip
An overview of trading bonuses and how they can help you For most people, financial markets are no longer a part of some parallel universe that can be explored by the chosen ones only. On the contrary, almost everyone has bank cards, the vast majority has long lines of credit, like mortgages or car loans,
A wealth of information It is always worth having a look through central banks minutes as they are often helpful in providing background information or a general overview on the present market conditions. I recommend beginner traders taking some time to do this as it starts to key them in with the major market themes.
A closer look at scalping in FX ForexLive The purpose of this article is to provide you with a detailed explanation of what the FX 1-minute scalping strategy is and exactly how to use it. As a number of different indicators are used in this method, it is best suited for traders with at least
Sentiment, like food, is best traded fresh. Firstly, what is sentiment? Sentiment is, quite simply, the present mood of the market. The market, like people, has different moods depending on what has just happened. As traders we are always wanting to know what the current sentiment is. Now, trading sentiment is a basic market skill
The forex basics Exchange of a nation’s currency for that of another is Foreign Exchange (FOREX). The foreign exchange market is a largest non-stop financial market in the world where currencies of different nations are traded. This Forex market is bigger than three times the aggregate amount of the US Equity and Treasury markets combined.
What happens now as bonds signal a massive red flag to markets? It had been heading that way for a while, but on August 15th the US yield curve finally inverted. Or, rather, the main part of the curve inverted. The spread between the three-month and ten-year US treasuries has been negative since May. But
Jamie Dimon and Warren Buffett can’t get it right 15 months ago Jamie Dimon and Warren Buffett were warning people not to buy bonds. At the time, US 10-year yields were at 3.0%. Today they’re at 1.48%. 30-year yields are now below 2%. Here’s a look at 30-year futures since: They’re up 16% while the
What are some of the biggest traps you can fall into as a trader? Trading is a process that is different for every participant: a great deal of success depends on personal qualities and strengths. And yet, a number of things are universal – the similar challenges everyone goes through and the common traps that