Why you Should NOT Follow the Dollar Index (DXY)
The USD’s rally is catching the attention of commentators.
However, their focus is on the Dollar Index, which ISN’T a good indicator of USD performance.
The USD’s rally is catching the attention of commentators.
However, their focus is on the Dollar Index, which ISN’T a good indicator of USD performance.
Most traders grasp the importance of emotional awareness when trading.
However, most aren’t aware of how important it is when they are out of the market.
The problem with trading emotionally isn’t so much that emotions are unreliable, it’s that allowing them to dictate decision making is frightfully inconsistent.
If you want to become a better trader, you will have to become intimately acquainted with yourself.
How do you react emotionally to losing & making money?
95% of retail traders lose money.
This doesn’t mean that trading is a fool’s game, only that it is very difficult.
How then do we become better traders?
Everyone wants to be a profitable trader. Sadly, most fail to make money in the markets.
Here are 3 tips that will help you to make consistent profits.
Everyone wants to make life changing sums by trading bubbles & crashes.
But, pursuing asymmetric returns is very difficult, as illustrated by Newton & Bitcoin.
Understanding how to go about making asymmetric returns is simple enough, but actually being able to do it is not.
Sir Isaac Newton demonstrates why.
Hang around traders or investors long enough and you will hear the phrase “asymmetric returns”.
What exactly are they, and why are they so important?
It’s not always about bad luck.
Learn to take responsibility for your trading mistakes and make changes to your approach.
Your future self will thank you.