Trading Club
To Join Click
HERE
Forex Forum
Forex Trading Blog
Economic Data Calendar
Forex Trading Tools
Trading Tips
Forex Forum
Forex Trading Blog
Economic Data Calendar
Forex Trading Tools
Trading Tips
Forex Forum & Blog is the place where traders can exchange their Ideas, give Trading Tips and ask for Help when needed. Forex Blog with Daily Updates is a growing library of everything one might need to succesfully trade.
The First Online Forex Trading Forum
THIS ARTICLE IN A BLOG IS A MUST-READ AS IT EXPLAINS WHAT TO EXPECT JUST IN CASE DURING THIS GEOPOLITICAL CRISIS
My Take: I wouldn’t go with momentum / break away moves based on the Middle East ‘escalation’. I in fact wouldn’t even call it an escalation. If anything Iran is ‘playing ball’.
1. They pre-announced the response 48 hours in advance.
2. They lob in a few fly balls that knowing would be caught.
3. They did what they had to do that was the next softest response from no response.
4. If they wanted to RETALIATE, they clearly could have with a lot more anger.
5. IF there is a risk on any extension of the break aways (if there are) it would be with respect to the JPY and the MoF taking advantage of an already falling object…
lets see …
–
EXCLUSIVE MIDDLE EAST WSJ
Iranian Attack Expected on Israel in Next Two Days
Israel is preparing for an imminent direct attack from Iran; Tehran yet to decide, says person briefed on the matter
By Dov Lieber, Benoit Faucon and Warren P. Strobel — April 11, 2024 7:47 pm
relaying an anonymous US official
lets see …
–
Ukraine war: UK and US metal ban, China sells military parts to Moscow, Russian influence network
especially how the ban on russian metals will work out:
“The new prohibitions will “continue to target the revenue Russia can earn” to fund its military operation in Ukraine – according to US Treasury Secretary Janet Yellen’s press release
GVI 08:17 / the week-end is still young.
Did you bag the $100 bux on short Gold ?
–
curtesy cnn this sat 13th morning:
– Revolutionary Guards seized the vessel near the Strait of Hormuz, state media reported
– US expects Iran to carry out direct attack on Israel, sources say, as Biden warns ‘don’t’
– What an Iranian attack on Israel would mean for the US, according to retired general (hahaha)
xAUUSD 4 HIUR CHART – NEW HIGH BUT THEN….
This is the second Friday that gold traders have seen a bloodbath, the last time trying to pick a top and this time sseeing a 4% drop after setting another record high.
The price action is not fatal to this relentless bull run, dependent on 2318 holding as support to keep the retreat from turning into a full-scale retracement.
What has changed is that moves up in XAUUSD will nort run into stops unless a new high is made.
Newsquawk Week Ahead 15-19th April: Previewing US and UK retail sales, UK, NZ, Canada and Japan inflation, China activity data and PBoC MLF
Newsquawk Week Ahead 15-19th April: Full previews and detailed analysis
off cnbc f/page
–
all sorts of summary headlines about FED and inflation and cuts and israel/iran and crude and so on
BUT
I like this one best
“IRS’ criminal investigation chief says agency prepared for crypto tax crimes: CNBC Crypto World”
IF true
his name for future reference: Guy Ficco, criminal investigation chief at the Internal Revenue Service
for the just for laughs festival
–
Ex-Fed chair Ben Bernanke finds ‘significant shortcomings’ in Bank of England’s economic forecasting
LONDON (AP) — A review of the Bank of England’s economic forecasting that was published Friday and undertaken by Ben Bernanke, the former chair of the U.S. Federal Reserve, has found “significant shortcomings” that should be addressed to better inform future interest rate decisions.
Following widespread criticism about the Bank of England’s forecasts, Bernanke was tasked last year to review the forecasting models.
Though noting that all central banks have had problems over the past few years as a result of a series of economic shocks, notably the coronavirus pandemic and the cost-of-living crisis heightened by Russia’s invasion of Ukraine, Bernanke said the Bank of England’s issues were made worse by out-of-date software that had not been properly maintained.
The review said that “insufficient resources have been devoted to ensuring that the software and models underlying the forecast are adequately maintained.” … blablabla
Forex Forum
Forex Forum & Blog
Forex Forum & Blog – Place where you can exchange your views on Forex Trading and Trading in General – Follow Daily developments on every single market around , including Stocks, Indices, Crypto, Metals…..Get tips and help that you need.
Forex Forum & Blog for all traders
Forex Forum & Blog for all traders
Forex Forum & Blog
OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
You may find this useful
Forex Forum & Blog
Forex Forum & Blog
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.
Forex Forum & Blog
© 2024 Global View