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You have seen me post one of my favorite blog articles. The Power of 50. Look at current rates
GBPUSD 1.2350
EURUSD 1.0655
AUDUSD .6450
A look at the day ahead in U.S. and global markets from Mike Dolan
World markets have cheered up a bit this week, but ailing Tesla’s (TSLA.O), opens new tab tanking stock price faces a critical earnings test later on Tuesday and this month’s European business pulse proved surprisingly racy.
Relief at cooling Middle East tensions helped steady the ship on Monday after the worst week on Wall Street since 2022 – with bellwether chip giant Nvidia (NVDA.O), opens new tab recouping some of Friday’s 10% lunge as Big Tech megacaps get set to report first quarter updates over three days of a heavy earnings diary.
Morning Bid: Tanking Tesla reports, Europe business beats
GBPUSD 30 MINUTE CHART -1.23-1.24
GBPUSD getting a pop from its flash PMI but not enough to take out 1.2399
This leaves GBPUSD consolidating within 1.23-1.24
Expect a mgnetic 1.2350 to be pivotal and set its intra-day boas.
What has taken some pressure off the downside is EURGBP buying pressures easing.
now that congress is sending more billions worth to various parts of the world, blinken who yesterday tried to bully china’s foreign policy with respect towards russia, is heading to china on wednesday (for three days) wsj reports: “U.S. Takes Aim at China Banks Aiding Russia War Effort
Washington says Beijing’s dual-use trade has helped Moscow rebuild its war machine.”
do “smart traders ignore politics” ?
BTW Monedge, guess you have checked out the Trading pit
Anything you would like to see there…some add ons ??? I can arange many things…know people that know people 😀
It put a smile on my face Bobby. I can’t stand that clown Johnathan Ferro on Bloomberg, it went South as soon as he became lead in the morning, all I can stand is the Asian session in Bloomberg anymore just because of him lol. Until Chenali comes on in NY proper then its great, she is former Goldman and strong. The biggest loss I ever took was following the advice of the treasuries guy on Cnbc years ago lol. Might it be advisable to listen to them but factor in imperfection?
Bobby – as I mentioned earlier covered calls fell off of a cliff this morning. That either amounts to everyone getting out or letting them go naked on an uphill run. If you look as the relation with spot in simple technical terms that anyone can understand, Dxy is holding with rates which supports the idea stocks are not as happy as they seem. We had a strong close on 4/11 that turned into a pump and dump lasting six days. Also S/P options did not clear Fridays high mark so not sold on the hoopla at this point.
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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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