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Where does luck come in to trading markets? In the previous article, we talked about trading and probability. Continuing to develop this topic, let’s talk about trading and luck. What is the relation between these two concepts? Can a trader count on luck to get profit? Is it possible to suffer from bad luck in
Embrace the odds in your trading “Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.” ― Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance
The allure of gold… Gold’s history dates back to at least 3100 BC and has probably been traded before then. Over the years Gold has continually increased in value. More recently, since the financial crisis of 2008, the price of Gold has rapidly increased. This huge increase over the period made it one of the of the
Support and resistance explained One of the most foundational aspects of technical analysis is support and resistance levels. These levels are key as they offer traders obvious places to limit and define their risk. There also represent places that price should not go if a trader has correctly analyzed their trade. Take your trading to
How to navigate a path through an upcoming risk event A risk event is any market event that the market is anticipating. For example, this could be an anticipated rate statement, a speech from a central banker, or a long awaited trade deal announcement like Brexit or Nafta. There are two key ways to trade
Fail to plan, plan to fail Turning to today’s post Turkey’s domestic outlook has been troubled lately. The country runs at a current account deficit (it needs to borrow money to balance the books), so the USDTRY strength has been particularly concerning for Turkey as the cost of borrowing effectively increased via the weakness of
Five patterns for new forex traders Being new to trading forex can often feel like wading out into dark choppy waters. It’s intimidating, unknown and overwhelming. Continuing the water metaphor, the internet is sea of information regarding trading, reading charts and extrapolating information from them. Figuring out the best indicators for your strategy and trading
How focused are you on anticipating your forex trades? [embedded content] In many things in life, you can often find ways to anticipate what might happen next. In essence, you see the future.  Athletes do it all the time. The best athletes anticipate what will happen next. Animators – who bring cartoons to life –
How to trade TRY The Turkish Lira has fallen dramatically in recent weeks. The Lira is down over 30% on the year and it had a 16% drop on just the 10th of August alone. One of the key reasons for the implosion of the economy has been Turkey’s current account deficit. This simply means