Dora 7:04 .. retest … under my skin …
the ying yang about whichever s result of a “retest” is that it is game between buyers and sellrs and the chipping away at them and their respective reasons for flushout as multiple returns are a manifestations of new oand/or additional players.
I suggest that the gaming in FX is not subject to the traditional buy low sell high theories seen in stocks.
One can see market commentary here on g-v about something called “sustained” but without numerical value mentioned. For that, I suggest to study the meaning of “wick”s or “tail”s on a time bar – not to minimize the shape of the candle’s body – and see if that can help trade with bit more confidence.
GME – GameStop Corp.
GameStop Just Went Full Crypto–And Wall Street Is Panicking
GameStop GME just dropped a bombshell and investors are reeling. The company announced it’s ditching more of its retail footprint and diving headfirst into Bitcoin (BTC-USD), raising $1.3 billion via zero-coupon convertible bonds to buy the cryptocurrency as a treasury reserve asset. Shares initially surged 14% on the buzz, but that excitement didn’t last long. Within 24 hours, the stock nosedived nearly 25% at 2.07pm, giving back all its gains and then some. While retail traders lit up the meme-stock boards, analysts were quick to question whether this pivot is a bold reinvention or a desperate roll of the dice.
Let’s not sugar-coat it: GameStop’s core business is bleeding. Sales fell 28% year-over-year, and it’s closed a quarter of its stores in the past year. Management says the Bitcoin move is about optimizing returns and staying liquid, but the timing raised eyebrows. Crypto markets have already surged 27% since November so why now? Strategy MSTR pulled off a similar playbook in 2020 and saw its stock skyrocket, but it’s sitting on a massive Bitcoin stash and trades at a tighter premium. GameStop? Not quite the same setup, and investors know it.
Where is Roaring Kitty now…meow meow 😀
USDJPY DAILY – Key resistance cited
Chart: Positive but faces a key resistance at 151.30, which stays at risk while above 150.50-60.
Note weak JPY crosses (e.g. firmer GBPJPY) adding to USDJPY demand’
I have not seen any specific news to account for the weaker JPY, which reminded me that March 31 is Japanese fiscal yearend.
I remember when this was a key time for FX and stocks but have not heard much talk about it in recent years. So, no clue whether this has been a factor but something to keep an eye on once March 31 passes.
Stocks dip, gold hits record, after Trump’s latest tariff salvo
Auto stocks fall on latest Trump tariff shot
Dollar up against Canadian dollar, Mexican peso
Gold hits record high
Global stocks dipped and gold hit a record high on Thursday in the wake of U.S. President Donald Trump’s latest tariffs that expanded the trade war to auto imports.
Trump announced 25% tariffs on all vehicles and foreign-made auto parts imported into the United States late on Wednesday, scheduled to take effect on April 3. This weighed on Japan’s Nikkei <.N225> and South Korea’s KOSPI KOSPI stock markets.
Countries around the globe threatened retaliatory tariffs.
U.S. stocks shook off initial declines and were roughly unchanged while automakers slumped. General Motors GM tumbled about 8%, while Ford F dropped more than 4%, reflecting concerns about the impact on their supply chains. U.S.-listed shares of Stellantis STLAM fell about 3%.
The Dow Jones Industrial Average DJI rose 20.71 points, or 0.05%, to 42,478.39, the S&P 500 SPX climbed 6.42 points, or 0.12%, to 5,718.66 and the Nasdaq Composite IXIC advanced 21.25 points, or 0.09%, to 17,920.27.
DAX Slumps as Auto Tariffs Take a Toll
Frankfurt’s DAX fell more than 1.5% to trade below 22,500 on Thursday, underperforming its regional peers, with auto stocks pushing down the index.
US President Donald Trump announced 25% tariffs on all car imports, exacerbating the trade dispute with the European Union.
He also warned that he would impose substantially higher tariffs on the EU and Canada if they coordinated efforts to counter trade tariffs.
OnlineBroker.Fr is the best resource for French language information on the best online trading platforms and crypto exchanges in France.
https://www.onlinebroker.fr
If you are just starting out with forex trading and you are still searching for an online trading platform to go with, then check out the top online trading platforms in review by business 24-7 Forex traders may find daytrading.com a powerful resource. In addition to the broker comparison tables, it also provides insight and strategy on short term, intraday forex trades.
You may find this useful U.K. Investors may find investing.co.uk a useful resource. In addition to the broker comparisons table, the site also provides detailed reviews, bonus information and strategy articles.
Current and potential Scandinavian currency traders will likely enjoy Valutahandel.se , a website about forex trading in Sweden.
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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.
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.
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.
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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