Fed’s Latest Policy Decision: A Deep Dive
The Federal Open Market Committee (FOMC) recently concluded a meeting where the vote in favor of the policy statement was unanimous. This meeting included the Summary of Economic Projections (SEP), commonly known as the “dots,” which present forecasts from 19 Fed governors and regional reserve bank presidents on key economic indicators like unemployment, interest rates, […]
What’s up with the Fed
Preview As the fourth FOMC meeting of 2024 kicks off, I’m here to provide a comprehensive analysis of its implications for markets and your finances. The Federal Open Market Committee (FOMC) of the Federal Reserve System is convening today and tomorrow to discuss the economy and set future monetary policy. I will try to give […]
Switch to Futures from Forex
Take advantage of the futures markets to trade your favorite currency pairs
Risk Management Chapter 3
The Martingale Strategy A Risk-Seeking Approach The Martingale System is a methodology used to increase the odds of recovering from a losing streak. Introduced in the 18th century by French mathematician Paul Pierre Levy, it has its roots in gambling. The core idea behind the Martingale system is this: Statistically, you cannot lose all the […]
Risk Management Chapter 2
We started this series of articles last week and it is going to take us on a trader’s journey to learn how to manage risk and how to become a profitable trader. Position sizing continued… Fixed $$$ Amount This stop loss strategy is very similar to the one discussed last week. However, it is better […]
Risk Management
The most important skill to master in trading!
Risk Management Chapter 4
The Kelly Criterion Let’s explore the Kelly Criterion and how it applies to managing risk while trading. The Kelly Criterion is a powerful tool that can help traders determine the optimal size of their positions based on considerations of risk and return. Maximizing Returns with Risk Management What Is the Kelly Criterion? The Kelly Criterion […]
The Mental Game of Trading
A view on how your psychology can interfere with you trading performance. We Trade to Trade Well The psychology of trading is a complex and multifaceted area of study that delves into the mental and emotional aspects of making financial decisions in markets. This Wednesday, BluSky had Jared Tendler on the YouTube channel talking about […]
Introduction to the Mental Game of Trading
A view on how your psychology can interfere with you trading performance. We Trade to Trade Well The psychology of trading is a complex and multifaceted area of study that delves into the mental and emotional aspects of making financial decisions in markets. This Wednesday, BluSky had Jared Tendler on the YouTube channel talking about […]
Switch to Futures from Forex
…and take advantage of the futures markets to trade your favorite currency pairs… Why Futures trading is better than Forex trading! Centralized and Regulated Exchange All transactions in futures trading are conducted through a centralized exchange. This provides equal access to price information for all market participants. This is in contrast to foreign exchange, which […]