Forex Strategy Video: How are Speculators Positioning for EURUSD, GBPUSD and SPX?
• Retail speculators as a group reflect a slew of bad trading habits
• Trying to pick tops and bottoms, letting stops run and taking profit too early are a few behaviors
There are good traders and bad traders. Yet, amongst the retail speculative group, bad trading habits are common place. We can use this as a guide when we craft and apply our trading strategy. Picking tops and bottoms, letting stops run and focusing on single trades rather than repeatable strategy are offenses we can readily see in the DailyFX Speculative Index Index (SSI). In today's Strategy Video, we use this SSI and discuss a few - of the many - good trading practices we should observe.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.