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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.59%, while traders in France 40 are at opposite extremes with 71.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/oL7THFSaKd
  • US Dollar is fairly mixed across the board of major currency pairs headed into month-end. The DXY Index is little changed on the session as recent selling pressure starts to subside. Get your market update from @RichDvorakFX here:https://t.co/tulCJzZTSF https://t.co/SiicLO9jn3
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.34% Silver: -0.02% Gold: -0.56% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/oaNkpqY2Sy
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.00% 🇨🇦CAD: -0.21% 🇯🇵JPY: -0.21% 🇬🇧GBP: -0.35% 🇳🇿NZD: -0.45% 🇦🇺AUD: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/7ej2PKr120
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.01% FTSE 100: -0.06% Germany 30: -0.07% Wall Street: -0.33% US 500: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wuAFfNFdVH
  • from support to resistance in $USD some very decent friday action $DXY https://t.co/1W1wPyVgTc https://t.co/y4sgUkQ1cP
  • The Dollar is up after the core June PCE accelerated further to a 3.5% clip (highest since 1991), but US 10-Year yield is down 4 bps to 1.2290 and implied rate hikes through Dec 2022 has dropped 1.5bps from yesterday to 14bp (56% prob of hike) https://t.co/5Y0BWlPBUx
  • It's time to look at the monthly candles on charts and check in on the Dollar and Amazon. DailyFX's @JohnKicklighter covers the markets 👇 https://t.co/43BSSq9XIg
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.09% 🇨🇦CAD: -0.11% 🇪🇺EUR: -0.24% 🇬🇧GBP: -0.32% 🇳🇿NZD: -0.39% 🇦🇺AUD: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/mkiFzOzRQE
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: -0.18% Wall Street: -0.26% Germany 30: -0.32% US 500: -0.41% FTSE 100: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6oyofVNacT
Trading is Not About How Often You Win or Lose…

Trading is Not About How Often You Win or Lose…

Thomas Long, Course Instructor

If you knew of two traders and Trader 1 consistently won 40% of their trades while Trader 2 consistently won 80% of their trades...who would be more profitable?

In reality, you cannot tell which trader is more profitable or even if either trader was indeed profitable. If Trader 1 consistently won 200 pips on each win and limited their loss to 100 pips on each losing trade, after a series of 10 trades they would be up about 200 pips. If Trader 2 won 25 pips on each win but lost 100 pips on each loss, they would be a breakeven trader after a series of 10 trades.

But many new traders are misled by win percentage. Winning most of your trades is exciting, but not if it does not lead to consistent profits. So keep this in mind when you hear about a strategy that wins 90% of the time. That does sound appealing, but the key is profitability. One does not always lead to the other. If your goal is to be consistently profitable, win percentage is not as important how much you win when you are right compared to how much you lose when your are wrong.

Trading_body_chart-day-gainloss-1029.png, Trading is Not About How Often You Win or Lose…

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

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