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
A look at the day ahead in U.S. and global markets from Mike Dolan
If the U.S. economy is still so strong that robust demand won’t allow inflation to return to the Federal Reserve’s 2% target, there’s an outside chance the central bank may struggle to cut interest rates at all this year.
Morning Bid: ‘No Landing’ scenarios swirl as markets recoil
Reuters
EURUSD
The pair behaved on the dot in last 24h.
Now what we have next…for the move to continue Down, it has to stay bellow 1.07100 !
1.07200 is of course the Major resistance , but for the slide to continue in coming hours we need that 1.07100 to hold.
As you can see from the chart, the target is in 1.05900 area – Do Not be overly greedy.
We have today some interesting data – Economic Calendar – stay away just prior to it !
Happy hunting.
GBPUSD
At this time yesterday GBP was the strongest currency.
Today it is the weakest.
Catalyst: UK Jan CPI was unchanged vs. forecasts of an increase
GBPUSD 4-hour chart
1.2518 = major target/support (then psychological 1.25)
1.2536 = last line of defense ahead of 1.2518, low of the day, tested
Resistance 1.2571-1.2611
EURUSD Analysis: Break Below Support and Potential Further Decline
The EURUSD pair has broken below the 1.0723 support level and extended its downward movement from 1.1139, reaching as low as 1.0700.
Based on this development, it is likely that further decline could be expected in the coming days, with the next target area around 1.0670, followed by 1.0600.
The initial resistance level is located at 1.0750. A breakthrough above this level could lead to a retest of the 1.0805 resistance level. If this resistance is surpassed, it may trigger additional upside movement towards the falling trend line on the 4-hour chart.
In summary, the EURUSD pair has broken below key support levels, indicating a potential continuation of the downward trend. The next targets for decline have been identified, while resistance levels have also been highlighted for potential retracements.
USDX (US Dollar Index
If you don’t trade it, why do traders track the USDX?
With the EURO representing 57.6% of the index, it can be used as a quasi EURUSD as the correlation between EzURUSD and USDX is very high.
USDX Daily Chart
New high for the year.
Trend = strong up (note rising red lines)
Targets at blue lines as long as the most recent ted Lind holds ax support
(contact me to learn more)
1.0694
USDCHF
Day ahead – might be the Play of the day
Pair broke above the channel resistance line , and based on the pattern recognition, next few bars should go straight Up.
Support is at 0.88695
Resistances at : 0.88850 , 0.8900 and 0.91150
Buying it is only reasonable action, and coupled with a very tight stop just below the support line, gives an opportunity for over the average profit.
As mentioned – coupled with a very tight stop – makes the job easy….chance for a sizeable profit with just a bit of risked money.
well well well
10-yr 4.31 …
reminds me of a acetone … paint stripper
as ‘Ugly’ and ‘disconcerting’ inflation report upsets markets’ thinking on when Fed will cut rates
I guess “ugly” is ugly to some; a beautiful thing to another
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