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
EUR/USD
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
Oil - US Crude
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
Wall Street
Bullish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Canadian #Dollar Outlook: $USDCAD Plummets to Major Uptrend Support - https://t.co/HLtQstewm6 https://t.co/DXXIOvBKzX
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.04%, while traders in US 500 are at opposite extremes with 76.72%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/nTYRlfwmDy
  • The USD/CAD sell-off is now approaching long-term uptrend support and while the immediate threat is lower, the decline may be vulnerable heading into this key region. Get your $USDCAD technical analysis from @MBForex here:https://t.co/wsdtyzGMZG https://t.co/hj69mn4hKq
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.85% Silver: 1.85% Gold: 0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/iYVh6wspCX
  • US House Speaker Nancy Pelosi: -Confident lawmakers will have agreement on coronavirus relief but cannot give timing -Declines to say whether politicians must reach a deal this week
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.85% 🇪🇺EUR: 0.78% 🇦🇺AUD: 0.77% 🇬🇧GBP: 0.48% 🇨🇦CAD: 0.43% 🇯🇵JPY: 0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/y6tkFaN50E
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 1.14% US 500: 0.49% France 40: -0.16% Germany 30: -0.27% FTSE 100: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/KlEWwf3vfG
  • Atlanta #Fed GDPNow Q3 latest estimate 20.3%, up from 19.6% $DXY $SPX
  • Hey traders! Are you looking for risk? Get your market update on risk leaning assets from @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/mdnYK2lFaE
  • Update on #Cryptocurrencies #BITCOIN +4.47% #BITCOINCASH +2.65% #ETHEREUM +2.08% #RIPPLE +0.94% #LITECOIN 2.28%
Becoming a Better Trader: Developing Consistency

Becoming a Better Trader: Developing Consistency

2017-06-08 12:28:00
Paul Robinson, Strategist
Share:

Enjoyed the webinar recording? Join Paul live Tuesday-Friday, see the Webinar Calendar for details.

In this webinar, we discussed the importance of consistency in one’s trading process. There are several facets to trading which this applies – analysis, trade execution, risk management, and handling various situations such as a drawdown (and run-ups), headline risk, etc.

As we talk about often in this webinar series, having a game-plan is paramount and the first step to achieving consistency. It’s imperative that there are rules in place to follow in order to achieve consistent results.

What your methodology for identifying opportunities is, is less important than the consistent application of it. There are a 1000 ways to make money in trading, but if one isn’t viewing the market through the same lens on a regular basis or executing trades in the same fashion over and over – results will be all over the place.

As far as risk management is concerned, consistency in risk taken and position sizing is paramount. Trading is about probabilities. If the capital at risk varies too greatly from one trade or another, then you will diminish the impact of your trading edge significantly and have unfavorable results.

We discussed these facets to trading and others, as well as provided methods for helping one stay the course in being consistent. To listen to the full discussion, please see the video above…

See our quarterly forecasts for FX, equity indices, and commodities to see where our team of analysts see markets heading for the remainder of Q2.

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

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

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.