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
Mixed
Oil - US Crude
Bearish
Wall Street
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
Gold
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Breaking news

Pfizer cut 2020 vaccine rollout by a half to 50million

Real Time News
  • Heads Up:🇦🇺 Retail Sales MoM Final (OCT) due at 00:30 GMT (15min) Expected: 1.6% Previous: -1.1% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Wall Street Futures Update: Dow Jones (+0.184%) S&P 500 (+0.191%) Nasdaq 100 (+0.203%) [delayed] -BBG
  • 6 out of 11 S&P 500 sectors closed in the green, with 57.2% of the companies ending higher on Thursday. Energy (+1.07%) and real estate (+0.73%) were doing the heavy lifting, whereas utilities (-1.10%), materials (-0.68%) and communication services (-0.40%) were lagging behind. https://t.co/MHYVLu7N8m
  • The bearish implications of a 'Death Cross' in my majors-based #USD index is finally seeing follow-through on the weekly setting following the drop under rising support from 2014. This has exposed lows from 2018. Learn more about moving averages here - https://www.dailyfx.com/education/technical-analysis-tools/moving-average.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/aO8IPBZPal
  • USD/CAD rates have just fallen to fresh yearly lows, and in the process may be setting up a test of a key longer-term Fibonacci retracement in the coming sessions. Get your $USDCAD market update from @CVecchioFX here:https://t.co/0HvhiclGM6 https://t.co/4UIV5j9ZFD
  • Moderna Study Shows Vaccine Has Potential For Durable Immunity - BBG
  • The Dow Jones capped off November with a strong finish and wades narrowly beneath all-time highs. Get your #equities market update from @PeterHanksFX here: https://t.co/FFwhDM3A8E https://t.co/7pgGhriMlh
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.64% 🇯🇵JPY: 0.55% 🇨🇭CHF: 0.43% 🇦🇺AUD: 0.35% 🇪🇺EUR: 0.27% 🇳🇿NZD: 0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/pfY41C6lft
  • #CrudeOil prices look poised to move higher as buyers begin to probe resistance at the 61.8% Fib extension (45.91) A daily close above $46 may signal the resumption of the uptrend extending from the November low and bring psychological resistance at $50 into focus #OOTT $CL https://t.co/S8CX5oSxs8
  • $USDCAD eyeing key support at the October 2018 low (1.2783) after collapsing through range support at 1.2930 - 1.2950 Further losses look in the offing as the RSI breaks its 6-month uptrend and gears up to register its first oversold readings since June $CAD #technicalanalysis https://t.co/XvsVB2pPbU
Becoming a Better Trader: A Checklist Before Entering Any Trade (Webinar)

Becoming a Better Trader: A Checklist Before Entering Any Trade (Webinar)

2016-12-22 12:01:00
Paul Robinson, Strategist
Share:

Join me on Thursday, December 29 for the next session of “Becoming a Better Trader” by signing up here. For a full schedule of live events, check out the webinar calendar.

Today, we discussed the various questions one should ask themselves before entering into a trade. The idea is to answer these questions with the goal in mind of properly identifying opportunities which you should gravitate towards and those which really aren’t perhaps the ones you truly want to be involved with. Accepting the potential outcomes prior to trade entry is imperative.

Focusing on the process of trading is extremely important, because it is easy to get caught up in what the potential results could be. By fully identifying your logic for entering a trade, what your risk parameters are, entry/exit points, a trader can then have a plan already set in place before the P&L starts moving around. Because once the trade is on and the market starts moving around, without a plan, you are more susceptible to making poor decisions. Markets are uncertain, we can’t control how the market moves, but there are factors which we can control.

At the end of the day, when all factors are considered you should have a ‘good feeling’, a feeling of excitement about the opportunity in front of you. This will allow you to execute and manage the trade with greater poise. A lack of conviction or failure to accept the outcome of the trade ahead of time will lend towards a greater likelihood of making mistakes after the trade is on…

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinonFX.

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

DISCLOSURES