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  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.86% FTSE 100: -1.20% France 40: -1.27% Wall Street: -2.32% US 500: -2.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/KjNr7ongtX
  • Nasdaq now down over 3% today, confirming 10% correction territory. $QQQ
  • $USDCHF has continued to strength today, now above the 0.9280 level, trading around the highs hit in late September. The pair has performed strongly since mid February as US rates have continued higher, rising from 0.8900 by nearly 400 pips to its current levels. $USD $CHF https://t.co/qrHY8Sy2sf
  • Against the backdrop of rising bond yields, both the Bank of England and European Central Bank will meet over the next two weeks. Get your market update from @CVecchioFX here:https://t.co/bcdEfLJjJ7 https://t.co/vXmdohw4VK
  • Oil - US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil - US Crude since Jan 06 when Oil - US Crude traded near 5,008.80. A contrarian view of crowd sentiment points to Oil - US Crude strength. https://www.dailyfx.com/sentiment https://t.co/5dv539nKye
  • US Indices are struggling again today. The Nasdaq is now down 10% from the record highs of mid February, entering correction territory. The $VIX has risen to its highest level since last week's bond market event. DOW -1.31% NDX -2.37% SPX -1.48% RUT -2.68% $DIA $QQQ $SPY $IWM https://t.co/VKbWrCcymL
  • #Bitcoin battle-lines drawn. . . Updated 240min $BTCUSD https://t.co/epcJWYYoQh https://t.co/duPBPAM0Ps
  • Overall, Powell sticks with the current Fed stance and hence the move with the USD and UST yields higher, while gold tests 1700 https://t.co/78ds2uS2i9
  • #Gold is hitting fresh nine-month low in the aftermath of Fed Chair Powell's speech, falling to currently trade right around $1,700 for the first time since June of 2020. $XAU $GLD https://t.co/6OJ5Fn4Kn8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.38%, while traders in Germany 30 are at opposite extremes with 70.84%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Lgws7z82Gc
Top Trading Lessons: Steer Clear of Speculative Mania and Be Patient

Top Trading Lessons: Steer Clear of Speculative Mania and Be Patient

Peter Hanks, Strategist
Top Trading Opportunities in 2021
Top Trading Opportunities in 2021
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The second half of 2020 was filled with symptoms of excess and disregard for risk management in many markets, particularly in US equities. Possible bubbles, insane valuation metrics and meteoric price climbs devoid of rhyme or reason were just some of the side effects. Many traders, both new and old, tossed strategy aside to chase profits and ride speculative waves. While such an approach can occasionally prove fruitful in the short term, it is almost indistinguishable from rolling the dice in Vegas.

As a result, consistency is lost and accounts can be blown up on a single trade. To any serious trader or investor that is looking to be successful over many months and years, it would be wise to steer clear of such speculative bubbles and price-chasing. Instead, it may be prudent to identify and adhere to a strategy or investing thesis that incorporates patience and a cool head. It may not produce mouth-watering returns overnight, but most activities that do are either unreproducible or illegal.

Top Trading Lessons
Top Trading Lessons
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Top Trading Lessons
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--Written by Peter Hanks, Strategist for DailyFX.com

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

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