Gonçalo Moreira, CMT
Independent Analyst
Summary
90% of you who read this will have emptied your accounts in a year. That's reality, it has happened to me and many others.
In the effort to become day traders, we face two big hurdles: one of them is our poor understanding of money management. The importance of associated concepts like margin, pip value, average price and leverage is often recognized after experiencing a margin call.
The other hurdle is the that almost all strategies we came up with are based on timing our trades, whereby the indicators available are not made to estimate the best time to trade, only the price.
In this webinar I will share with you the first steps in the creation of a trading model which aims to overcome these two hurdles.
Don't miss the second part of this webinar!
In the Premium second part of this special webinar, we will continue to build a trading system, one which is not based on timing techniques nor on analytical abilities. Its strength is based on pure risk and money management. Be warned that this session can radically change your view on trading. Part II - Premium: Register nowLatest Live Videos
Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold stays in consolidation above $2,300
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.