Currency Trading Information Channel
I read on a bulletin board a traders comment that on his first outing trading the E-Mini S&P 500 he lost on each of his trades. He noted though, that had he had a wider stop each of his trades would have been profitable and that therefore he would be trading with a wider stop in future.
A wider stop on these particular trades may have worked, but this does not mean that a wider stop per se is the answer. In fact, everyday there is the possibility of any given trade going into profit if given enough room, but that does not a wise strategy make. This trader was a seller in a market that subsequently went down; hence he could see that had he given his position a bit more room he would have made a handsome profit. Unless this trader has the ability to always accurately predict the direction of the market he is going to experience days where he is wrong and the market goes against him, in which case his potential for loss with wider stops is greater.
When deciding an appropriate amount to risk on any trade (i.e. size of stop) a trader has to consider more than the potential profit on a particular trade on a particular day. What this trader was saying to himself was 'If I had a 3 point stop instead of a 1 point stop, I could have made 15 points; therefore I will always use a 3 point stop!' Partly what he was saying to himself was 'I was right!' But he wasn't right; in the time frame of his trades and within the risk limit of those trades he was wrong, his timing was off and that is what he needs to work on.
He is also making two assumptions:
1) That having a bigger stop and therefore bigger open losses will not affect his trading composure and performance (how do you feel if you are risking $10?? $100?? $1000?? $10,000?)
2) That he would have held on to his profitable trade until he gets an exit signal (it is easy to assume after the event that we would have got out at the very best moment)
The truth is we are all much weaker than we would like to assume. The biggest challenge to profitable trading is sticking to our own self-imposed loss limits, be they on a per-day or a per-trade basis. What this trader did on this day was stick to his limits, which is highly commendable; he was just having difficulty accepting his results. No one likes losing money and no one like being wrong, but to be successful in trading we have to be accepting of both.
MORE RESOURCES updated Sun. September / 22 / 2019
An army of Japanese salarymen is rocking global currency markets mySanAntonio.com
Popular tales of "Mrs. Watanabe" -- the canny Tokyo housewife who dabbles in currency trading in between school runs and shopping -- barely begin to tell the ...
Your first 5 minutes as a forex trader ForexLive
How to start out in forex trading, from EagleFX Forex, often shortened to FX or the foreign exchange, is a global decentralized market for the trading of a wide ...
What Is Forex Trading And Why Is It Becoming So Popular? Novinite.com
Trading on the forex market has been slowly gaining popularity over the last 5 years.
What is forex trading and why it is going strong in 2019? Business MattersBusiness Matters
If you have a thing for money, business and trading, then you might have heard a lot about forex trading.
India is losing grip on its currency trading, just as the risks increase Livemint
Like any emerging market exchange rate, the Indian rupee is subject to wild gyrations as it responds to policy changes elsewhere.The rupee has swayed to the ...
World FX Currency Trading Update: US Dollar Reversal? See It Market
The US Dollar Index reversed sharply when it found resistance Thursday at its regression trend channel. The Euro achieved its downside target and has ...
Things You Should Never Do in Currency Trading Profession FinSMEs
Everyone thinks trading is one of the easiest profession in this world. They consider it a shortcut way to get rich. But things are not as easy as it seems. You have ...
Heads-up for a Japan holiday today ForexLive
Its a Japanese market holiday today for Autumn Equinox Day. This will thin forex liquidity out somewhat, but once Singapore and Hong Kong are in it'll likely ...
Hong Kong cuts Singapore’s lead as Asia’s currency trading hub South China Morning Post
Average daily trading in Singapore jumped 22 per cent to a record US$633 billion in April from the same period in 2016, just ahead of Hong Kong's US$632 ...
Five tips for when you are struggling in FX trading ForexLive
When the going gets tough, the tough do these five things Tip#1 Deleverage The use of leverage is arguably the most important aspect of risk management and ...
Forex Trading: Everything to Know About Foreign Exchange nairobiwire.com
Forex, also known as foreign exchange, FX or currency trading, has emerged as a viable venture for making money online for many Kenyans in recent years, ...
JP Morgan to launch electronic currency trading platform in Singapore The TRADE News
JP Morgan is set to launch an electronic FX trading and pricing engine in Singapore early next year, following in the footsteps of several other institutions that are ...
Trading Support and Resistance DailyForex.com
Get our trading strategies with our monthly & weekly forecasts of currency pairs worth watching using support & resistance for the week of September 23, 2019.
China Is Pitting the Yuan Against the Dollar. So Far, It’s Not Going to Plan. - The Wall Street Journal
China Is Pitting the Yuan Against the Dollar. So Far, It’s Not Going to Plan. The Wall Street Journal
SHANGHAI—China's progress in boosting international use of its currency is stalling. The yuan was the eighth most traded currency this year, being on one side ...
Forex Broker Review with Copy Trading The FINANCIAL
Abbreviated to FOREX, it is indicated as the worldwide money advertise. It isn't concentrated and assumes an essential job in outside trade rates. Monetary ...
Mugenda: How I landed into forex trading Standard Digital
Mr. Paul Mugenda, a forex trader based in Nairobi (PHOTO: Courtesy) The need to cope with the rising living standards has led many Kenyans into different ...
Zimbabwe Central Bank Tightens Forex trading Rules The Maravi Post
Zimbabwe's central bank has tightened the rules governing the trade of foreign currency by money exchange offices with immediate effect. The rates offered by ...
RBC, TD Bank to pay C$24.5 million to settle forex trading charges: regulator Reuters Canada
Royal Bank of Canada and Toronto-Dominion Bank have agreed to pay a combined C$24.5 million ($18.5 million) to settle charges of foreign exchange trading ...
The Many Forex Trading Opportunities the Fed Day Has Dealt Us The Market Oracle
Volatile trading is calming down, revealing several opportunities. The euro has retraced its yesterday's downswing, the Japanese yen is strengthening – just as ...
The yuan hit an 11-year low this week. Here's a look at how China controls its currency CNBC
Unlike other major currencies such as the U.S. dollar or the Japanese yen, which are allowed to free float in the market, China maintains a strict control of the ...
Major Currency Pairs: A Guide to the Most Traded Forex Pairs DailyFX
Learn about the major currency pairs in the forex market and how to start trading them. View the top currency pairs list and live forex pair prices.
China’s Currency Is Weakening as the Trade War Drags On The New York Times
There's evidence that the government has been trying to prop up the renminbi, not weaken it drastically.
A peep into the world of foreign exchange Daily Nation
You may have heard about online trading in foreign exchange, also known as forex. You are also likely to have heard about how profitable this venture is.
Forex trading: eight risks you should evaluate Business MattersBusiness Matters
The term forex market stands for the foreign exchange market where traders buy and sell currencies from all across the globe.
Jack Dorsey: Bitcoin is 'not functional as a currency' right now CNBC
Twitter and Square CEO Jack Dorsey is an advocate of digital currency bitcoin. But he also says it is not ready to be a currency. “It's not functional as a currency.
Don't gamble with forex trading. I'd aim for a million like this Motley Fool UK
The internet is littered with stories of apparently wealthy men and women who claim to have made millions with forex trading. At first, these stories look appealing ...
Double Bollinger Band Strategy to Trade Forex DailyFX
The Double Bollinger Band® strategy allows traders to filter trades based on volatility in an easy to identify graphic. Learn how to combine Bollinger Bands®.
Technology hands start ups key to $5.1 trillion FX market Reuters
LONDON (Reuters) - More than five years since global foreign exchange (FX) trading was tainted by a rigging scandal, a handful of banks are more dominant ...
A risk management plan to follow ForexLive
Risk management 101 This article is for you if you want a starter on risk management that is practical and simple to follow. I have written recently on the attitude ...
China FX regulator steps up scrutiny of cross-border flows, blacklists some firms: sources - Reuters
China FX regulator steps up scrutiny of cross-border flows, blacklists some firms: sources Reuters
SHANGHAI (Reuters) - China's foreign exchange regulator recently stepped up scrutiny of cross-border capital flows, blacklisting 43 forex trading firms and ...
Dollar index holds losses after ADP US August jobs data, yen slips as global tensions abate CNBC
The dollar held its earlier losses versus a basket of currencies on Thursday as payroll processor ADP said U.S. private hiring came in stronger than expected in ...
Genesis Trading Acquires Quant Investment Firm Qu Capital CoinDesk
Digital currency trader and lender Genesis expanded its trading and research capabilities by acquiring New York-based quantitative investment firm Qu Capital.
Years of forex market calm sends currency funds to the wall Yahoo Finance
The Chinese yuan's tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut ...
Rupee vs dollar: Indian currency trading 22 paise higher on easing of US-China trade tensions - Business Today
Rupee vs dollar: Indian currency trading 22 paise higher on easing of US-China trade tensions Business Today
The rupee appreciated by 22 paise to 71.58 against the US dollar on Friday following positive developments in the US-China trade talks. Besides, firm trend in ...
Traders Could Lose Weekends in Digital Age, BitMex’s Hayes Says Bloomberg
Arthur Hayes, head of one of the world's most popular cryptocurrency exchanges, says traders may lose their midday breaks and even their weekends as ...
Euro Price Chart: Breakout Imminent EUR/USD Coils at Trend Support DailyFX
Euro snapped a two-week winning streak with price ranging just above long-term downtrend support. Here are the levels that matter on the EUR/USD weekly ...
Stage Set for Swiss Franc Rally as SNB Saves Policy Ammunition swissinfo.ch
(Bloomberg) -- Currency traders may have a green light to push the franc higher after the Swiss National Bank refrained from joining global ...
Cautious investors push dollar lower on mixed trade signals CNBC
The dollar fell modestly against the Japanese yen on Tuesday, suggesting investors were skeptical of the optimism expressed by President Donald Trump on ...
(Video) Weekly Forex Forecast for September 23 - 27, 2019 Daily Price Action
In this weekly Forex forecast, I'm going to show you exactly how I'm trading EURUSD, GBPUSD, USDJPY, EURGBP, and EURJPY through September 27.
BitMEX CEO Arthur Hayes Says Traders Could Lose Weekends, Lunch Breaks Cointelegraph
BitMEX CEO and co-founder Arthur Hayes says traditional traders could lose their lunch breaks and weekends once digital finance starts to change the face of ...
Spain raised to A from A- by S&P, outlook stable ForexLive
RBC, TD seeking settlements over currency traders sharing private info BNNBloomberg.ca
TORONTO -- Canada's two largest banks are seeking to settle allegations that their currency traders used confidential information in chatrooms to gain potential ...
BIS paper studies spread of global currency trading Central Banking
Authors examine “patterns of diffusion” to understand rise of the renminbi.
GBP/USD Price Analysis: British Pound Eyes Rise in Brexit Risk DailyFX
The Pound Sterling has surged roughly 3% so far this month as British MPs took measures toward preventing no-deal Brexit, but the recent rally is running into ...
Pound to euro exchange rate: Stability of British currency under threat by US ruling Express
THE POUND remains stable this week following a positive fluctuation which saw it rise to its top level since June. However, a new decision by the Federal ...
White House trade adviser Navarro says the Fed is costing the US a full point of GDP growth - ForexLive
White House trade adviser Navarro says the Fed is costing the US a full point of GDP growth ForexLive
Eagle FX Review: Forex Trading Platform Guide Blockonomi
Eagle FX is an online trading platform that hosts a number of popular asset classes such as cryptocurrencies, forex pairs, stock market indices, and commodities.
London extends global FX lead despite Brexit | David Sapsted Re:locate Magazine
Despite dire predictions of a Brexit downturn, London has strengthened its position as a pre-eminent global hub for financial trades since the EU referendum, ...
US Dollar Price Volatility Report: USD Eyes Data, Fed-Speak DailyFX
We noted in our last US Dollar price volatility report that the greenback has lacked conviction over its next direction even despite a monetary policy update from ...
Weekly Trade Levels: US Dollar, EUR/USD, USD/CAD, SPX, Gold & Silver DailyFX
Webinar highlighting active trade setups we're tracking into the start of the week. Here are the targets & invalidation levels that matter on the technical charts.
Euro to dollar forecast: what to expect in 2019 and beyond Capital.com
Let's find out what the euro to dollar forecast looks like, and whether it is the right time to invest in this major forex pair.
The key to trading fresh sentiment ForexLive
Sentiment, like food, is best traded *fresh*. Sentiment is, quite simply, the present mood of the market. The market, like people, has different moods depending on ...
Global cues, F&O expiry among 10 key things that will keep traders busy this week - Moneycontrol.com
Global cues, F&O expiry among 10 key things that will keep traders busy this week Moneycontrol.com
Romesh Tiwari of CapitalAim expects the Nifty to continue the upward march with *fresh* long formations expected along with shorts already running for cover for ...
Gold Price Targets: XAU/USD Recovery to be Short-lived- GLD Outlook DailyFX
Gold snapped a three-week losing streak but continues to consolidate just below a critical resistance zone. Here are the levels that matter on the XAU/USD ...
China's monthly data eyed as aussie rides trade optimism – Forex News Preview XM
The world's second-largest economy will see the release of its industrial production, retail sales, and fixed asset investment data for August early on Monday.
Travelex China opens currency exchange store at Zhuhai Airport EIN News
ZHUHAI, CHINA, September 13, 2019 /EINPresswire.com/ -- 13th September 2019 – Travelex, a Finablr company and a marketing leading independent foreign ...
With talk of HKEX’s grab for the London Stock Exchange turning hostile, will ICE step in as an alternative suitor? - Telegraph.co.uk
With talk of HKEX’s grab for the London Stock Exchange turning hostile, will ICE step in as an alternative suitor? Telegraph.co.uk
When California business student Jeffrey Sprecher spotted an opportunity to surf a wave of energy-market deregulation 40 years ago, he had no idea he would ...
Singapore's average daily forex trading volume hit new high of US$633b in April 2019 Malay Mail
SINGAPORE, Sept 17 — Singapore's average daily foreign exchange (FX) trading volume reached a new high of US$633 billion (RM2.64 trillion) in April 2019, ...
Trade wars and volatility – Can cryptocurrency become a 'safe-haven' currency? - Global Banking And Finance Review
Trade wars and volatility – Can cryptocurrency become a 'safe-haven' currency? Global Banking And Finance Review
David Mercer, CEO of LMAX Exchange Group, which operates LMAX Digital, comments on the effects of the current trade war, currency volatility and how ...
Asia Pacific Digital Bank To Launch Stablecoin USDA Soon Yahoo Finance
KUALA LAMPUR, MALAYSIA / ACCESSWIRE / September 21, 2019 / China's Central Bank, the People's Bank of China (PBoC), is planning to introduce its own ...
US Dollar Price Volatility Report & USD Trading Ranges Post-Fed DailyFX
As USD implied volatility drifts lower with event risk from the September Fed meeting in the rearview mirror, here are the estimated trading ranges for major US ...
African crypto adoption suffers as Burundi bans digital currency trading AMBCrypto
Going against this crypto-friendly direction, Burundi, which is situated in East-Africa, just announced a complete ban on all trading of cryptocurrencies.
Forex Trading for Beginners Yahoo Finance
Forex trading can be an exciting and lucrative activity, but it can also be tough, especially for beginners. Newcomers underestimate the important of financial ...
Stocks mixed, oil down as markets await news on Saudi plant San Francisco Chronicle
BANGKOK (AP) — World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant ...
USD/INR to tread sideways with a positive bias; likely to trade around 70.8-71.47/$ in coming weeks - Moneycontrol.com
USD/INR to tread sideways with a positive bias; likely to trade around 70.8-71.47/$ in coming weeks Moneycontrol.com
In the coming week, we could see the currency pair to trade in a particular range with slightly positive bias.
Pound Sterling Hits Best Levels in Months Following on Juncker Optimismt Pound Sterling Live
The British Pound is the best performing major currency thanks to comments made by a leading European leader on brexit.
Pound-to-Euro Exchange Rate Forecast towards 1.13 by Currency Strategist Pound Sterling Live
For Sterling "hope is a powerful thing". - Return of MPs next week could offer further upside impetus. - Market continues to unwind short positions against Sterling.
Rupee Declines By 59 Paise, Hits New 2019 Low Against Dollar NDTV News
The rupee opened lower against the US dollar at 72.03 on Monday, and declined to as much as 72.25 - down 59 paise from the previous close - in afternoon ...
European shares end the day with modest gains ForexLive
German DAX little changed. France's CAC Up 0.5%. For the week, the major indices are ending with modest changes: In the benchmark 10 year note sector, ...
Rupee rebounds 19 paise against USD in opening trade Deccan Herald
The rupee rebounded 19 paise to 72.20 against the US dollar in early trade on Wednesday, amid weakening of the American currency in overseas market.
Register To Seminar - What Do Other Traders Buy/Sell Bets Say About Price Trends? DailyFX
In this session, Currency Analyst Daniel Dubrovsky discusses traders' positioning as a key element of market analysis to determine the prevailing and future ...
Inbound Foreign Exchange Software Market Extensive Growth Opportunities by: Moneyexchangesoft, DCS Foreign Currency Exchange, Thomson Reuters FX Trading. - Insta Newsletters
Inbound Foreign Exchange Software Market Extensive Growth Opportunities by: Moneyexchangesoft, DCS Foreign Currency Exchange, Thomson Reuters FX Trading. Insta Newsletters
The latest research Inbound Foreign Exchange Software Market both qualitative and quantitative data analysis to present an overview of the future adjacency ...
AUD Stuggling But Underpinned By More Robust Risk Appetite DailyFX
The Australian Dollar took knocks last week from several directions, both foreign and domestic. This week may be better for the bulls, if only a little.
Currency Trading for Beginners Benzinga
If you're new to currency trading – look no further. FOREX.com is one of the world's largest forex brokers. Account holders get competitive pricing, award-winning ...
The Bank of Tanzania Studying Cryptocurrency and Online Forex Trading Impact in Tanzania - bitcoinke.io
The Bank of Tanzania Studying Cryptocurrency and Online Forex Trading Impact in Tanzania bitcoinke.io
A circular from the Central Bank of Tanzania shows that the bank is conducting a study to assess the extent of cryptocurrency impact on the Tanzanian economy.
Australian Dollar May Fall, Yen Gains as Markets Eye Trade Talks DailyFX
The Australian Dollar may approach August lows against the US Dollar after US-China trade comments fueled volatility in financial markets. The Japanese Yen ...
CFTC Charges Unregistered Forex Trading Firm, VOS Capital Management, LLC, Its Principal, Dominick Vincent Carducci with Fraud - STL.News
CFTC Charges Unregistered Forex Trading Firm, VOS Capital Management, LLC, Its Principal, Dominick Vincent Carducci with Fraud STL.News
CFTC Charges Unregistered Forex Trading Firm, VOS Capital Management, LLC, Its Principal, Dominick Vincent Carducci with Fraud | Read STL.News.
Trade currency pairs: your guide to trade currency pairs Capital.com
Trade currency pairs CFDs, shares, commodities, cryptocurrencies and indices through Capital.com's award-winning platform. No commission. FCA and CySEC ...
Book shows forex automated trading software is real and reveals how it works to make more money - PR Web
Book shows forex automated trading software is real and reveals how it works to make more money PR Web
SINGAPORE (PRWEB) September 19, 2019 -- According to an article by John Russell in www.thebalance.com, “A forex robot is forex trading software that ...
Future Returns: The Risk and Reward of Foreign Currency Exchange Markets Barron's
While most advisors recommend leaving the foreign currency exchange market to the pros, individual investors are increasingly entering the market as ...
Never lose hope in currency trading business Rocky Mountain Collegian
Sponsored *Content*: Never lose hope in currency trading business A good trader will know about the right kind of performance in the business. It is very.
How to Start a Currency Trading Business Virtual-Strategy Magazine
Thinking on how to start a currency trading business? Then you are in the right place. Currency trading remains the largest financial market in the world. It's.
If you are Japan's top dog currency intervention guy, this is your next job ForexLive
In Japan its the Ministry of Finance that orders (or not) currency intervention. Japan's Finance Ministry's Vice Finance Minister for International Affairs is the guy ...
Forex Trading Philippines Benzinga
If you live in the Philippines, trading in the forex market has its own set of rules. Learn how to trade, and the best forex brokers to use for 2019.
Is forex trading profitable? Capital.com
Want to learn how to make money on forex? Find out the major factors to consider and learn how to profit from forex trading.
Apply "the secret" to forex trading success ForexLive
What's "the secret" behind successful traders? The Forex market is the largest trading network in the world with $1.8 trillion dollars being exchanged every day.
Gold Price Outlook Hinges on Fed Rhetoric, US NFP Report DailyFX
*Fresh* comments from a slew of Federal Reserve officials may influence the price of gold as there appears to be a growing dissent at the central bank.
Forex trading – what are the best currencies to trade? Capital.com
In the world of currency trading, an essential fact is frequently overlooked, which is that foreign exchange rates are reference numbers, not expressions of ...
UPDATE 2-London forex trading turnover surges to record high Reuters
Britain's daily foreign exchange turnover rose to a record high in April, the Bank of England said on Tuesday, as investors concerned about central bank policy ...
Venezuela loosens currency exchange controls to allow forex trading Reuters
CARACAS (Reuters) - Venezuela will allow local banks to open foreign currency trading platforms as part of a loosening of the OPEC nation's exchange controls ...
Near-term Trade Setups in USD/CAD, GBP/USD & USD/CHF DailyFX
Updates on near-term technical trade setups we've been tracking in Loonie, Sterling and Swissy. These are the targets and invalidation levels that matter this ...
GBP/USD Forecast September 23-27 - Pound Drifts after BoE, Federal Reserve... Forex Crunch
GBP/USD traded sideways last week, after recording sharp gains in the two previous weeks. There are four events in the upcoming week. Here is an outlook.
What you need to know about Forex trading The Standard
There are many benefits and advantages of trading forex. Nevertheless, key among them is that there is no waiting for the opening bell.
Iron Ore Prices Slide On Trade War Fears, AUD-Watchers Take Note DailyFX
Australian Dollar watchers should keep a close eye on iron ore prices. They fell sharply last month, albeit from very high levels.
A Guide to Trading Forex in Canada Benzinga
Looking to trade forex in Canada? Read our guide to learn about the rules, regulations, and the best brokers to use in 2019.
The Twilight Trading Hour Strikes Currency Markets Again The Wall Street Journal
There is a fragile spot in the $5.1 trillion currency market: early morning in Asia. This one- to two-hour period when U.S. traders are heading home—but market ...
FX Trading - Currency Trading FXTM
Discover the details of foreign exchange, currency trading, currency pairs, forex market hours, forex trading fundamentals, trading signals and more. | FXTM ...
Retail forex trading set to go live today Economic Times
Mumbai: A new retail currency trading platform goes live today enabling thousands of small businesses to trade at market prices, possibly ending years of ...
Best Trading Platforms For Forex Trading In 2019 NuWire Investor
Thanks to a rapid rise in the number of trading platforms over recent years Forex still comfortably remains the world's most popular market. It has simply never ...