The CFTC Is Suing Binance: Important Legal Developments
Good morning Traders! Yesterday the CFTC filed charges against the world’s largest crypto exchange Binance and its CEO Changpeng Zhao. The CFTC alleges that Binance has allowed US citizens and US registered firms to trade crypto derivatives on the exchange without registering the exchange in the US. The CFTC claims that Binance has helped US […]
The Art of Taking Partial Profits: Enhancing Your Trading Strategy
Hi traders! In the world of trading, the idea of taking partial profits can be a powerful tool in a trader’s arsenal. Partial profit-taking involves selling a portion of a profitable position while holding onto the rest, allowing for the potential of further gains while simultaneously locking in some profits. This strategy can lead to […]
GBPCAD Price Compression: Strategies for Traders in a Compressed Market
Good morning Traders! GBPCAD is back at its Resistance level of around the area of 1.6860 following a bullish push that started at the Support level of 1.61 area. On the Weekly chart we can see that this move has come from a Low that went slightly lower than the previous low, but also managed […]
Fear Of Recession Mounts
Good morning Traders! The events of the last couple of weeks has shaken investors confident, and the odds placed on a recession (rather than a soft landing) has risen substantially. Crude Oil Crude Oil, which is sensitive to recession fears, has been in a sideways market since the lows it reached in December 2022. The […]
Are There Bears Lurking Out There? Exploring Market Conditions
Hi traders! There appear to be some signs of a stronger USD creeping in- this is particularly significant when it happens across all of the different asset classes at the same time. This week’s weekly candle is looking more and more bearish as we approach Friday. Charts that looks especially appealing to me as a […]
It’s Great To Be Back: Embracing the Trading World Once Again
Good morning Traders! I have a confession to make…it seems I can’t stay away from the charts for very long! While on my recent sunny holiday I kept a keen eye on the markets and couldn’t resist a few shining setups as the US dollar crosses pulled back last week. So today I want to […]
Best Books For Traders Part 3
Welcome Traders! I wanted to delve a little further into a few books that have made a great impact on me, and I hope they can do the same for you. Trading Psychology and Understanding Risk & Probabilities The lessons from Annie Duke’s book “Thinking in Bets” could be applied to trading forex in a […]
Technical Analysis: Unlocking Trading Success
Technical analysis is a process of analyzing financial markets and predicting future market trends. It is a key element of stock market investing and trading, as it helps traders to make informed decisions when it comes to buying and selling of stocks. This article will provide an overview of the concept of technical analysis and […]
Becoming a Successful Forex Trader: Skills and Traits of the Elite
Forex trading is a popular activity, but not everyone who enters the currency markets becomes successful. The Difficulty of Getting Accurate Data on Successful Forex Traders It’s tricky to come by accurate data on the percentage of forex traders that are successful. This is due to the decentralized nature of the market. However, most experts […]
AUDJPY – Is A Rollover On The Cards?
Good morning Traders! The Japanese Yen has stage a comeback against many of it’s trading partners in the past couple of weeks, and with the Reserve Bank of Australia interest rate decision due on the 7th of February, we may see some volatility around the AUD crosses. AUDJPY The market is currently trading around it’s […]