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. See our updated Privacy Policy here.

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
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
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
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/VDnn2bxfjD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.66%, while traders in France 40 are at opposite extremes with 80.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/6HUk3bQSWf
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.51% Silver: 0.41% Gold: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/azFkkb8xyo
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/d4NaJvgweB
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.33% 🇬🇧GBP: 0.22% 🇦🇺AUD: 0.15% 🇨🇦CAD: 0.08% 🇨🇭CHF: -0.02% 🇪🇺EUR: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/jceRBGUO6d
  • 🇨🇳 Unemployment Rate (MAY) Actual: 5.2% Previous: 5.1% https://www.dailyfx.com/economic-calendar#2021-06-16
  • 🇨🇳 Fixed Asset Investment (YTD) YoY (MAY) Actual: 15.4% Expected: 16.9% Previous: 19.9% https://www.dailyfx.com/economic-calendar#2021-06-16
  • 🇨🇳 Industrial Production YoY (MAY) Actual: 8.8% Expected: 9% Previous: 9.8% https://www.dailyfx.com/economic-calendar#2021-06-16
  • 🇨🇳 Retail Sales YoY (MAY) Actual: 12.4% Expected: 13.6% Previous: 17.7% https://www.dailyfx.com/economic-calendar#2021-06-16
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: France 40: 0.20% FTSE 100: 0.13% Germany 30: 0.10% US 500: -0.01% Wall Street: -0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2wsbvN5ZzC
Top Trading Lessons: The Critical Task of Learning to Lose Gracefully

Top Trading Lessons: The Critical Task of Learning to Lose Gracefully

Daniel Dubrovsky, Strategist

The Critical Task of Learning to Lose Gracefully

The major lesson I learned this year was fine-tuning my risk-reward strategy. In the first half of 2019, I was allowing losses to exceed acceptable parameters, reducing the effectiveness of wins. I adopted a stricter policy with better-placed stops that defined the most I was willing to lose per trade. Thus, in the second half of this past year, my losing trades were on average 41.5% smaller as a percentage of equity than those during the front-end of 2019.

In order to implement this strategy, I undertook an absolute worst-case approach for exit points using technical analysis. That is when I place stops at prices where I believe there is the most longer-term risk of a major trend reversal. This did require more time and effort on my part when I planned out trades, but it ultimately saved me from larger-than-expected losses. Better to learn this now than risk eating through large winners in the new year.

--- Written by Daniel Dubrovsky, Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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

DISCLOSURES