News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • IGCS hints that #gold may reverse higher as the #SP500 aims for new highs. Things are looking a little bit more choppy for the growth-linked Australian Dollar. Check out my full report with webinar recording here - https://www.dailyfx.com/forex/technical/article/special_report/2020/12/02/Gold-Price-SP-500-AUDUSD-Forecast-How-Might-Retail-Traders-Behave-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/8ueRCILgdY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.48%, while traders in EUR/USD are at opposite extremes with 76.40%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cVNpB5eeUn
  • President-Elect Joe Biden: Says won't immediately remove China phase-one tariffs, want to conduct full review of existing deal -BBG citing NYT
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.06% 🇨🇭CHF: 0.04% 🇪🇺EUR: 0.02% 🇬🇧GBP: -0.04% 🇨🇦CAD: -0.07% 🇯🇵JPY: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/R2Yhd6rNKp
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: US 500: -0.26% France 40: -0.37% Germany 30: -0.41% Wall Street: -0.42% FTSE 100: -0.46% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hQtLQEWzDp
  • 🇯🇵 Consumer Confidence (NOV) Actual: 33.7 Previous: 33.6 https://www.dailyfx.com/economic-calendar#2020-12-02
  • What are some key news and factors affecting the #crudeoil market? Get your free forecast for this quarter here:https://t.co/WM6X6ENFM2 https://t.co/binmbAIkei
  • Heads Up:🇯🇵 Consumer Confidence (NOV) due at 05:00 GMT (15min) Previous: 33.6 https://www.dailyfx.com/economic-calendar#2020-12-02
  • Why short stocks? The answer to this question is multi-layered but in general, shorting stocks presents an opportunity trade a decline in a share’s price. Learn more here: https://t.co/2a2evVhhEM https://t.co/Tdifjmlf7L
  • Update on #Cryptocurrencies #BITCOIN -2.60% #BITCOINCASH -2.97% #ETHEREUM -1.74% #RIPPLE -2.67% #LITECOIN -3.83%
Trading Rules

Trading Rules

2010-04-09 13:11:00
Thomas Long, Course Instructor
Share:

1. Never risk more than 5% of your account equity at any one time. If you have a $2,000 account, you can risk up to $100.

2. Always use protective stop orders. Markets can move quickly, so have a stop order placed in the market if you are in a trade. Identifying your risk is the key to successful trading.

3. Never trade against the daily trend. Never buy or sell if you are not sure of the trend according to your charts.

4. Never enter a trade without a good reason. A consistent approach increases your chance of success.

5. Trade only in active currency pairs. Keep out of slow, inactive ones.

6. Seek an equal distribution of risk. Trade in four or five different currency pairs, if possible. Avoid tying up all your capital in any one currency pair.

7. Don’t close your trades without a reason. Follow up with a stop loss order to protect your profits.

8. Never average a loss. This is one of the worst decisions a trader can make.

9. Never get out of the market just because you have lost patience or get into the market just because you are anxious from waiting.

10. Never cancel a stop loss order after you have placed it at the time you make a trade.

11. Be just as willing to sell short as you are to buy. Let your object be to keep with the trend and make money.

12. Never buy just because the price of a currency pair is low or sell short just because the price is high.

These rules are based on writings and advice from some of the most successful traders of all time. The more you break, the harder you make it on yourself to be consistently profitable.
 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES