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Summary
If you have been trading for any length of time, you probably have come up against one of the following issues: 1) You have taken consistent, small profits and have noticed that, at times, the market moves for hundreds (and even thousands) of pips in your favor after you exit the trade. Or, you may have noticed this: 2) There are many trades that go in your favor a little bit only to turn around and become losers or break-even trades, however, you sometimes bag a few HUGE winners. In this session we will talk about your trading style and how to determine the exit strategy you should use to achieve consistent, long term success (without changing your strategy every couple of months). At the end of the session we will examine the current charts, from a naked point of view.Latest Live Videos
Editors’ Picks
US Dollar struggles as Trump tariff uncertainty grows
The US Dollar struggles to stay resilient against its rivals to start the new week as investors assess the headlines surrounding the US trade regime. After the Supreme Court ruled against US President Trump's tariffs, Trump announced that he will hike global tariff rates to 15%.
Gold climbs above $5,100 on broad USD weakness
Gold sticks to its bullish bias near the monthly above $5,100 on Monday. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.
EUR/USD retreats below 1.1800 as EU-US trade relations sour
EUR/USD loses its traction and retreats below 1.1800 following the earlier climb. The data from Germany highlighted a modest improvement in business sentiment in February but failed to help the Euro as investors assess the US-EU trade relations following Trump's global tariff hike announcement.
Cardano braces for impact as US tariff storm brews
Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court.
Supreme Court nixes tariffs, Trump teases 15% global tariff
On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.
Here is what you need to know on Monday, February 23:
Financial markets start the week in a volatile manner as investors assess the latest headlines surrounding the United States' trade regime and geopolitics. In the absence of high-impact data releases, market participants will keep a close eye on fresh developments on these subjects on Monday.