How to set a Stop Loss and Take profit order correctly
One of the first things we learnt as traders was the importance of paper trading and learning how to set your risk reward ratios properly.
Internalizing, Personalizing your trading strategy to suite your lifestyle, psychological profile and abilities. When it comes to trading there a millions of systems, millions of methods, and millions of theories on which way is better to trade.
Another day of selloffs as the US Dollar inches slightly higher against all other Dollars
Yesterday’s trading saw one of the largest bearish markets on the Australian Dollar (Aussie) and New Zealand Dollar (Kiwi) as both succumb to concerns over European instability as the US Dollar (Greenback) edges slightly forward.
Are we back to Fibonacci retracements for answers?
Commodities
Gold came back to close up to 50% of the ground loss since Monday, overnight. Looking at the chart we decided to review the crazed sell off as a retracement and were inclined to pull out an old friend Mr.
World’s Financial markets in shambles, again?
The US “Super Committee” has put forth their decision regarding the US deficit reduction in Congress yesterday. The result was indecisive and no one particular conclusion could be made apart from agreeing to disagree.
