Updated April 2020 Irrespective of whether you trade an individual market or several, understanding the dynamics behind broader risk sentiment is imperative. This adds a crucial tool to a trader’s arsenal. Risk-On – Risk-Off The market continually cycles between two modes: Risk-on and Risk-off. Rising and falling confidence dictates market movement, leading to traders favouring … Continue reading What is Risk-On and Risk-Off?
Updated June 2020 While it’s true all trading strategies shoulder losing setups, some losses can be avoided. Experienced traders are conscious of what’s ahead on the economic calendar. Newer traders, though, often expose positions to unnecessary risk around news time. Price Action – News Economic news releases can drastically affect price movement. Depending if market … Continue reading The Importance of the Economic Calendar
‘It pays to know where you are in the bigger picture’. We’re not entirely sure where this statement originated from, but it is certainly one that should be memorized. What is a multi-timeframe approach? It’s no secret that adopting a multi-timeframe approach can enhance your trading. The problem, however, is that some traders find it … Continue reading Using a Multi-Timeframe Approach
Fearful money, or as we like to refer to it as ‘hot money’, is capital that a trader has a strong emotional attachment to. In other words, it is money that one CANNOT afford to lose, and therefore, should not really be using it to trade the markets with. An example of hot money is … Continue reading What Does Fearful Money mean to Traders?
Updated June 2020 Although having a well-defined trading strategy is vital to get ahead, some traders mistakenly believe this is the be-all and end-all of trading and pursue perfection. The quest for a flawless approach is widespread, often elbowing traders into a vicious cycle – a cycle that can last for years, and for some, … Continue reading The Ceaseless Quest for a Perfect Trading Strategy
