Author: Admin

    Where to Place a Stop-Loss   Before entering a trade, most traders ask where the market might go. A more useful first question is: Where would my trade idea be wrong, and what would it cost me to find out? Your answer determines where you place your stop-loss. The distance between your entry and your stop determines the risk per unit traded. From there, you can calculate your position size and decide whether the potential reward justifies the risk. This is the first and most important aspect of a stop-loss: it defines the cost of the trade if…

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  Trading Psychology What separates traders who succeed over time from those who repeatedly struggle? It is tempting to say the answer is a better indicator, a more accurate forecast, or a strategy that wins more often. Traders across forex, stocks, bonds, commodities, futures, and other global markets spend enormous time looking for that advantage. Yet even a good strategy can fail in the hands of someone who cannot follow it. A trader may know exactly where to exit a losing position but moves the stop farther away when price gets close. Another may identify a promising opportunity, only to…

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  How to treat trading like a businessTrading should be approached as a business rather than a game of chance. That means creating a plan, protecting working capital, monitoring performance, controlling expenses, and making decisions based on reliable information. Like any legitimate business, trading involves risk. No business owner can guarantee that every product will sell or that every decision will be profitable. In the same way, no trader can expect every position to succeed. The objective is not to avoid every loss. It is to build an operation in which total profits can exceed total losses and expenses over…

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MON: Japanese Market Holiday, Chinese LPR (Sep) TUE: US Richmond Fed (Sep) WED: SARB Announcement, Global Flash PMIs (Sep) THU: Chinese President Xi’s state visit to the US, Norges Bank Announcement, Riksbank Announcement, SNB Announcement, Banxico Announcement, Japanese Flash PMI (Sep), Australian Jobs Report (Aug), German Ifo Survey (Sep), Canadian Retail Sales (Aug) FRI: China Mid-Autumn Festival Market Holiday, US Durable Goods (Aug) CHINESE LPR (MON): The PBoC is expected to maintain its 1yr LPR at 3.00% and 5yr LPR at 3.50%, marking a 16th consecutive month of unchanged rates. Despite continued weakness in domestic demand, policymakers have shown little…

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