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of clients are net short.
Long Short

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of clients are net short.
Long Short

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of clients are net long.
of clients are net short.
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  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.58% 🇬🇧GBP: -0.71% 🇨🇦CAD: -0.74% 🇦🇺AUD: -1.01% 🇪🇺EUR: -1.08% 🇨🇭CHF: -1.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wZLvhlDGzV
  • Bipartisan group of Senators: We back infrastructure investment framework without raising taxes $USD $DXY
  • Gold selling off following Wednesday's FOMC meeting and press conference, pushing lower toward $1,800 $XAUUSD #Gold https://t.co/ahr7rZ1mtR
  • Heads Up:🇧🇷 Interest Rate Decision due at 21:00 GMT (15min) Expected: 4.25% Previous: 3.5% https://www.dailyfx.com/economic-calendar#2021-06-16
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.36% Silver: -1.88% Gold: -2.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/T9gyxTNQHk
  • US Dollar price action is broadly stronger as yields push higher post-Fed decision. Get your market update from @RichDvorakFX here:https://t.co/J9gLa1XPtx https://t.co/aquWAe1koD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CAD are long at 76.24%, while traders in France 40 are at opposite extremes with 77.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/kWZjjvlIhL
  • $EURUSD now testing 1.2000, $USD still going https://t.co/kPh5m2y3OB https://t.co/TLqQsuBkJB
  • $USD still going, resistance nearing https://t.co/laG0JqjQVT https://t.co/Tak9nEizO2
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.03% Germany 30: 0.02% US 500: 0.01% Wall Street: 0.00% FTSE 100: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TqNCKZXVgt
Top Trading Lessons: Remember the Basis of Your Trade

Top Trading Lessons: Remember the Basis of Your Trade

Peter Hanks, Strategist

Remember the Basis of Your Trade

One of the trading aspects I find most difficult is letting a trade ride. Often, once I am firmly in the green or firmly in the red, the temptation to modify or exit the position is immense. While it may be ok to alter the position’s size or shift a stop, exiting a trade early has cost me considerably.

That being said, my top trading lesson for 2018 is to remember why you entered the position in the first place. Listen to your analysis and stay true to your trading style and typical timeframe. Write and highlight your key points and levels down if necessary but stand firm on your original idea and levels even in if the trade moves in your direction: don't let emotions overrule an unbiased trading strategy..

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

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

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