In Part 2 of the ‘How to become a trader’ video, from the series ‘The Hedge Fund Way’, we discuss ‘risk’, ‘edge’ and ‘trading news trading mentor, Dr. Corvin Codirla, and Nick Batsford, CEO at Tip TV.
Risk and leverage – are two key elements which define a trader. “Look at the great traders of the last 100 years, they all started small but made big sums in the end, took risks”, says Codirla as he explains how crucial is the fine line between reducing losses and leveraging up.
You need to be a pig, a pig which reduces losses, leverages up, to become a better trader. Playing safe doesn’t work, but risk-control does.
While risk is an important part to become a better trader, finding an ‘edge’ is really a key factor. It shouldn’t be only about following other traders or systems, but finding opportunities in the market. As Codirla says, “It is not about what you can take out from the market, it is about what the market will give you”.
Defining the ‘risk’ and ‘edge’ approach in trading, Codirla continues to explain the three key FX drivers – Interest rates, Flows and Value. Watch the video for further insights.
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Editors’ Picks
EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar
The EUR/USD pair edges higher to 1.0672 during the early Thursday. The recovery of that major pair is bolstered by renewed selling pressure in the US Dollar and a risk-friendly environment.
GBP/USD remains capped below 1.2470, eyes on US data
The GBP/USD pair trades on a softer note around 1.2450 on Thursday. The softer UK inflation data prompted the expectation that the Bank of England will start lowering interest rates in the coming months, which weighs on the Pound Sterling against the Greenback.
USD/JPY bounces back toward 154.50 amid risk-recovery
USD/JPY bounces back toward 154.50 in Asian trading on Thursday, having tested 154.00 on the latest US Dollar pullback and Japan's FX intervention risks. A recovery in risk appetite is aiding the rebound in the pair.
Editors’ Picks
EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar
The EUR/USD pair edges higher to 1.0672 during the early Thursday. The recovery of that major pair is bolstered by renewed selling pressure in the US Dollar and a risk-friendly environment.
GBP/USD remains capped below 1.2470, eyes on US data
The GBP/USD pair trades on a softer note around 1.2450 on Thursday. The softer UK inflation data prompted the expectation that the Bank of England will start lowering interest rates in the coming months, which weighs on the Pound Sterling against the Greenback.
Gold rebounds on market caution, aims to reach $2,400
Gold price recovers its recent losses, trading around $2,370 per troy ounce during the Asian session on Thursday. The safe-haven yellow metal gains ground as traders exercise caution amidst heightened geopolitical tensions in the Middle East.
Manta Network price braces for volatility as $44 million worth of MANTA is due to flood markets
Manta Network price was not spared from the broader market crash instigated by a weakness in the Bitcoin market. While analysts call a bottoming out in the BTC price, the Web3 modular ecosystem token could suffer further impact.
Investors hunkering down
Amidst a relentless cautionary deluge of commentary from global financial leaders gathered at the International Monetary Fund and World Bank Spring meetings in Washington, investors appear to be taking a hiatus after witnessing significant market movements in recent weeks.
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