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
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USD/JPY crashes nearly 450 pips to 155.50 on likely Japanese intervention
Having briefly recaptured 160.00, USD/JPY came under intense selling to test 155.00 on what seems like a Japanese FX intervention underway. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action.
Gold tests critical daily support line, will it defend?
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XRP plunges to $0.50, wipes out recent gains as Ripple community debates ETHgate impact
Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony.
Week ahead: Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.