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A look at the day ahead in European and global markets from Ankur Banerjee
Investors have long clamoured for China to unleash broad-based stimulus measures to help turn sentiment around, and while Tuesday’s measures are well short of a ‘big bazooka’ move, it may still be a step in the right direction.
Morning Bid: No bazooka, but China’s latest stimulus is a relief
In our blog
Trading USDJPY lately Is like digging out from an earthquake. The tremors have stopped, damage has been done and the question is what comes next.
Treat the USDJPY Upside as a Retracement as Long as…
Amazon – AMZN
Amazon’s Amazon Web Services Unit Expands Partnership With SLB
AMZN+1.19% SLB+1.16%
Amazon’s AMZN Amazon Web Services unit said Monday that it extended its partnership with SLB SLB to expand access to applications from SLB’s Delfi digital platform and explore low carbon technologies’ deployment for the energy industry.
The extended partnership will also enable energy data insights from Amazon Web Services to offer compatibility with SLB’s recently launched Lumi data and artificial intelligence platform, according to the statement.
Nvidia – NVDA
Nvidia Stock Treads Water but Analysts Keep Raising Their Price Targets
Nvidia Inc (NVDA) stock has been treading water since releasing excellent earnings on Aug. 28, three weeks ago. However, analysts keep raising their price targets. This makes shorting out-of-the-money (OTM)put options a superb strategy.
The reason is that the market appreciates the powerful free cash flow (FCF) that Nvidia is gushing forth on a massive scale. As a result, price targets for NVDA stock are now over 25% higher than the stock price.
Nasdaq 100 – NDX
Wall St ends slightly higher after Fed policymakers back rate cuts
Survey: US business activity steady in September
Intel gains on report of Apollo’s investment offer
GM slips after Bernstein downgrades stock
Indexes up: Dow 0.15%; S&P 500 0.28%; Nasdaq 0.14%
Fed officials including Raphael Bostic, Neel Kashkari and Austan Goolsbee supported the central bank’s last rate cut and voiced support for more cuts in the rest of the year.
DX 100.90 is a value point which has been visited repeatedly going back a bit as a value magnet of sorts. Momentum for the buy or sell side has been set there numerous times after market participation in the various currencies does its thing. I have been keying off of that value area for a while now and making handsome trades doing so. Food for thought.
US500 4 HOUR CHART – TAKING A BREATHER
Note that CFD price feeds can differ between broker, even those using the same symbol. Ss, look at the chart pattern if the levels below do not line up with the prices on your chart.
Remains in record high territory but taking a breather.
This suggests perhaps we see some consolidation unless a new (record) high is set.
Supports 5686, 5671, 5605
Resistance, 5723, 5735, ?
XAUUSD 4 HOUR CHART – Unchartered territory
When in unchartered record territory, resistance is only a guess so use the latest high as the only level that matters,
On the downside, a move back below 2600 would be needed, at a minimum, to cool the risk.
As anyone trading knows, nothing goes up forever.
With that said, as I have been repeating, there is no reason to guess at a top until charts (in my case The Amazing Trader) tells you to do so.
BTC 4 HOUR CHART – GLASS HALF FULL OR EMPTY?
Those trading BTC are likely frustrated watching GOLD trade to new record highs while this crypto strugglres to build momentum..
While technicals are tilted more to the upside, to suggest a shift in target to 70K it would have to solidly take out 65-66k
Otherwise, expect more chop while it stays within 60-65K.
DLRx 100.5
still inside last weeks range puppy is like a newborn with at least one eye still closed and looking at the world, tapping, smelling, feeling …
all the data on deck this week looks “low impact” in light of the FED having converted peasants into thinking “jobs n labor”
even kashkari came out with some yikyak of him approving of the FED’s 50pt.
so 100.50 looks like temporary wallow for the puppy to linger. Not much prospect on the s/t horizon for running North unless somehow it manages to pierce 102
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OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
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What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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