Have you ever overridden your stop in the hope that your losing trade will come back to breakeven? Have you ever traded without a stop in the hope that there will be a mean reversion? Have you...
Anyone with trading experience knows that no market goes up (or down) forever. However, trying to pick a top (or bottom) in a runaway move can be painful or fatal to one’s account.  A  current example is...
The collapse of another major retail prop firm has sent fresh shockwaves through an industry whose business model was already being questioned. This has some calling it a Ponzi scheme. While this may be a reach given...
Newsquawk.com Week Ahead 1-5th April from MON: BoJ Tankan Survey (Q1), South Korea Prelim Trade Balance (Mar), Chinese Caixin Manufacturing PMI Final (Mar), US ISM Manufacturing PMI (Mar), US S&P Global Manufacturing PMI Final (Mar) TUE: RBA...
Rumors have been swirling through the prop industry for weeks the TFT has been in trouble. Now it seems that another one has shut down. This is the second notable prop firm that has shut down, the...
When you see a sharp move down or up in a currency human nature is to look to catch a turn by buying low or selling high. However, more often than not this turns out to be...
With USDJPY extending its high marginally to a 34-year peak at 151.97, Japanese officials have stepped up verbal intervention warnings. As a result, Japanese officials face a credibility test after Finance Minister Suzuki said they could take...
Professional traders are generally prepared for what to expect following a major economic news release or key news event. . • They expect liquidity to thin • They expect gaps in market prices to often occur •...
Trading the news, either right before or right after it, can be both risky and profitable. As a result, retail forex traders seem to have a love/hate relationship with trading after economic data or other key news...
Traders Bill of Rights Most traders trade with one broker. Even those who have accounts with more than one broker cannot initiate a trade with one and close it with another as there is no common clearing. This...
Week Ahead March 25-29th from Newsquawk.com ; MON: US Building Permits (Feb), UK GDP (Q4). TUE: US Durable Goods (Feb), US Richmond Fed (Mar). WED: Riksbank Announcement (MPR), SARB Policy Decision; Australian CPI (Feb), Spanish Flash CPI...
For newbie’s, the markets can be intimidating. They are fast-paced, complicated, and full of seemingly endless opportunities — or pitfalls. To be a successful trader, you need to have skill, knowledge, and most importantly, discipline. However, even...