Summary
When I was younger, my family used to play the board game "RISK" - a game that was focused on accumulating global power through strategic control of geographical areas of the world. Risk needed to be taken to win the game, but typically the winner of the game was the player who defined his risk, limited his risk in the process, and accepted the risk and executed the plan. The losers were typically the ones who didn't understand the risks they were taking, took too much risk, and/or were more focused on the rewards with little in the way of a plan. Too many traders focus on REWARD first and less about the RISK. In this session, Greg Michalowski, Chief Currency Analyst from FXDD will focus on the risks of trading and explain how traders can position themselves to win the game by defining, limiting and accepting their risk."Latest Live Videos
Editors’ Picks
EUR/USD falls to near 1.1600 due to persistent bearish bias
EUR/USD depreciates after registering modest gains in the previous session, trading around 1.1610 during the Asian hours on Thursday. The technical analysis of the daily chart suggests a persistent bearish bias as the EUR/USD pair remains within the descending channel pattern.
GBP/USD underperforms as UK faces stagflation risks amid Middle East war
The Pound Sterling trades lower against its major currency peers, is down 0.22% around 1.3340 against the US Dollar, during the Asian trade on Thursday. The British currency faces selling pressures amid fears that the United Kingdom economy could face stagflation risks due to higher energy prices, a situation in which inflation accelerates with economic growth and employment conditions remaining stagnant.
Gold climbs near $5,200 as Iran war fuels safe-haven demand
Gold price extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East. US and Israeli strikes across Iranian territory and widespread Iranian missile and drone retaliation across the Middle East, including attacks on regional targets and military sites, prolong the crisis and its impact.
Top Crypto Gainers: Decred, Zcash, and Dogecoin lead recovery as Bitcoin crosses $72,000
Bitcoin trades above $72,500 at press time on Thursday, holding its 6% gain from the previous day, contributing to a broader market recovery. The total cryptocurrency market capitalization stands at over $2.43 trillion as the broader market sentiment improves significantly.
First Venezuela, now Iran: The US-China energy war escalates Premium
At first glance, the latest escalation involving the United States with both Iran and Venezuela looks like another chapter in a long-running geopolitical story. But viewed through a broader strategic lens, something else may be unfolding: Energy.
Here is what you need to know on Thursday, March 5:
The US Dollar (USD) eased on Wednesday after a two-day rally drove the US Dollar Index (DXY) near the 100.00 mark. The Greenback ignored the positive employment data and ISM Services PMI as the ongoing war between the US and Iran weights on sentiment.