T- tech

Two Methods for Trading News

https://www.wikifx.com/en/newsdetail/202210258064796069.html?source=zme3

Abstract：There is no one best way to trade the news. When news breaks, the price often jumps in one way or reacts slowly to the information as traders assess the result in comparison to market expectations.

　　There is no one best way to trade the news.

　　When news breaks, the price often jumps in one way or reacts slowly to the information as traders assess the result in comparison to market expectations.

　　With this knowledge, there are two primary ways to trade the news:

　　1) Having a bias in one way

　　b) Possessing an asymmetric bias

　　Orientational Bias

　　When you have a directional bias, you anticipate that the market will move in a particular way when the news is announced.

　　Knowing what news stories will impact the market is important when looking for a trade opportunity in a certain direction.

　　Actual vs. Consensus Number

　　Analysts will make some sort of prediction about the figures that will be announced days or even weeks before a news item is published.

　　This number will vary depending on the analyst, as we discussed in a previous session, but there will typically be one that the vast majority of them agree on.

　　A consensus number is this one.

　　The number that is provided when a news story is made public is referred to as the real number.

　　“Buy the rumor, sell on the news,” they say.

　　This idiom is frequently heard while talking about the forex market since it frequently seems as when a news report is out, the movement doesn't correspond to what the report would have you believe.

　　Let's take the case where it is anticipated that the unemployment rate in the US will rise. Consider a scenario in which the consensus for the forthcoming report is 9.0% and the unemployment rate was 8.8% in the previous month.

　　A consensus of 9.0% indicates that major market participants anticipate a worse U.S. economy, which would lead to a lower dollar.

　　Big market participants won't wait until the report is actually out to start acting and taking a position as a result of this expectation.

Forex Trading Risk: How to Limit It

https://www.wikifx.com/en/newsdetail/202210252784530998.html?source=zme3

Abstract：Profit without risk is impossible on trading. People who don’t want to take risks should stay away from here.

　　This question cannot be answered in a generalized way because risks are determined by the trader themselves. A trader must decide how much money they are willing to invest and probably lose. One can trade the market for a small or large amount.

How dangerous is forex trading？

　　The foreign exchange market is the most traded market in the world. The risk is not very high because volatility is very low unlike other markets. Daily fluctuations are generally less than 1 of assets. However, leverage can greatly increase the risk. Overall, each merchant has to answer himself whether currency transactions are dangerous. There is no standard concept here.

Forex Trading Tips & Tricks: Limiting Risk

　　Forex trading is very simple at first glance. However, it is very important to learn as good a strategy as possible for transactions. 3 mistakes are being done again by merchants. It can also be read on other forums. It is very important to have a fixed set of rules at first. Learn from the mistakes youve already made to maximize your profits.

　　You need to know the business hours of the market. The forex market is open 24 hours a week, but trading a particular pair of currencies at night, for example, is almost meaningless. Prices at irregular times are mainly determined by algorithms. This can lead to many loss transactions.

　　Dangerous:

　　As a trader, you must follow reasonable risk management. Many traders change their risks every day. Its very useful to make plans and not take too much risk in your account. Accounts must grow sustainably.

　　Correct Broker:

　　As a trader, you should choose a good forex broker. Many merchants trade at too high a fee. This just makes brokers rich and poor. Unnecessary costs must be avoided.

Why Trading Journals Are Vital

https://www.wikifx.com/en/newsdetail/202210215984189118.html?source=zme3

Abstract：Your whole trading history is documented in a trading diary. It entails recording the outcomes of each deal so that you may subsequently evaluate your overall performance. Keeping such thorough records also enables you to make factual conclusions when you're unhappy and questioning your trading strategy following a string of unsuccessful deals.

　　Your whole trading history is documented in a trading diary. It entails recording the outcomes of each deal so that you may subsequently evaluate your overall performance. Keeping such thorough records also enables you to make factual conclusions when you're unhappy and questioning your trading strategy following a string of unsuccessful deals.

　　The majority of new traders minimize the value of keeping such a log because they assume they will have no trouble remembering their biggest failures or wins. But keeping such a daybook is not simply a means to remember mistakes; it is also a way to preserve detailed records of your trading activities, which will help you determine the strengths and weaknesses of your trading strategy.

　　When you start having disappointing trading outcomes, which cause demoralization, trading logbooks seem to be helpful. You need to consult your diary when you can't always pinpoint the precise cause of the disappointing outcomes.

　　providing answers to inquiries like “Is my trading system still working？” Taking a look at your prior trading sessions would make answering questions like “Should I keep trading the same method despite my recent losses？” more simpler. For instance, you can discover a departure from your original trading plan that you weren't even aware of.

Differences Between Trading or Owning Digital Assets

https://www.wikifx.com/en/newsdetail/202210132044336310.html?source=zme3

Abstract：Short-term trading and hodling are common investment strategies in the world of digital assets. Some may argue that short-term trading could bring out the best return from owned assets, while some may think that a good investment should be held for the long term.

　　Short-term trading of digital assets involves taking a position that could last from seconds to several days. This is to take advantage of the short-term fluctuations within a macro trend. On the other hand, the word “hodl” is a widely-used slang in the digital asset markets which means to buy-and-hold indefinitely (also known as “hold on dear life”) regardless of market conditions.

　　Is one way really better than the other？ The answer is no. It all comes down to personal preferences instead of a solid answer. This is also a misconception that confuses many people when it comes to trading and/or investing.

　　Let us take a look at some of the distinctive differences between trading and owning digital assets:

　　• The intrinsic value or future prospects of a digital asset do not matter.

　　• The main focus is taking advantage of short-term volatility and price fluctuation.

　　• It could be taking long or short positions.

　　• Trading style and strategy: scalping, day trading, or short-term swing trading.

　　• Utilizing margin and leverage to maximize the use of funds for profit.

　　• It involves entry prices, stop losses, and target prices.

　　• Having calculated risk management is essential.

　　• It is about believing and investing in the bright future prospect of a digital asset for its intrinsic value.

　　• It involves buying and holding onto a digital asset indefinitely, even when the market condition is bad.

　　• No trading strategy is needed.

　　• Only one entry price is necessary with manual closing of the position.

Trade idea for this coming week on indices and

Commitment of traders, the big boys play book

https://www.wikifx.com/en/newsdetail/202209302254113635.html

Abstract：As you may know retail traders only make up a fraction of the 6.6 billion dollar forex market. Big financial institutions such as banks and hedge funds open large positions within the market which then determines the direction of the market. As retail traders it is then in our interest to trade along with these market movers and benefit but how are we to know what these big financial institutions are doing? That is where the Commitment of Traders (COT) report comes in. In this article we will be giving a short overview of what the COT report is and how to use it.

　　As you may know retail traders only make up a fraction of the 6.6 billion dollar forex market. Big financial institutions such as banks and hedge funds open large positions within the market which then determines the direction of the market. As retail traders it is then in our interest to trade along with these market movers and benefit but how are we to know what these big financial institutions are doing？ That is where the Commitment of Traders (COT) report comes in. In this article we will be giving a short overview of what the COT report is and how to use it.

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GBPCHF 9r trade aiming to take the liquidity and asian high and low.

Us30 10rr trade congrats to all of us 😍😍🎉