Trading consistency epitomises financial freedom, providing traders choice and independence. For most, this was the motive behind initially getting involved in trading – being able to live the life you want on your terms. Learning to trade the markets, however, requires a substantial time investment, often underestimated by newer traders. Several factors need checking off; … Continue reading How Long Will It Take Before I Can Expect Trading Consistency?
Category: Uncategorized
Grow Your Trading Edge Using Correlations
Whether you trade one market or a number of markets, correlation analysis is indispensable. Correlation defines how much (or how little) two or more instruments move together over a period of time. Knowing how currency pairs communicate with one another and their relationship with surrounding markets, such as commodities, bonds and equities, can help traders … Continue reading Grow Your Trading Edge Using Correlations
Friday 4th August: European Open Briefing
Global Markets: Asian stock markets: Nikkei down 0.35 %, Shanghai Composite gained 0.25 %, Hang Seng rose 0.15 %, ASX 200 lost 0.20 % Commodities: Gold at $1267 (-0.35 %), Silver at $16.65 (+0.15 %), WTI Oil at $48.94 (-0.20 %), Brent Oil at $51.90 (-0.20 %) Rates: US 10-year yield at 2.23, UK 10-year … Continue reading Friday 4th August: European Open Briefing
Friday 4th August: NFP day today – remain vigilant
Waiting for lower timeframe confirmation is our main tool to confirm strength within higher timeframe zones, and has really been the key to our trading success. It takes a little time to understand the subtle nuances, however, as each trade is never the same, but once you master the rhythm so to speak, you will be … Continue reading Friday 4th August: NFP day today – remain vigilant
