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Thursday, July 27, 2023

"Would You Rather Have Consistent But Smaller Profits or Occasional Big Ones?"

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
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Trade directly on the outcome of events

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Have an opinion on an event? Trade directly on its outcome with Kalshi - a federally regulated exchange that's backed by Sequoia Capital and Y Combinator.

Kalshi enables users to trade directly on the outcome of events through a new asset class: event contracts.

Event contracts allow investors to take Yes/No positions on events such as whether the U.S. will default on its debt obligations, whether the Fed will hike rates in June, what Biden's approval rating will be next month, and much more.

Learn More

 
 

Event Trading Guide

Trading Tomorrow's BOJ Monetary Policy Statement

Rounding up our central bank events this week is the BOJ's July policy updates. What are traders expecting from the release? Here are the important points you need to know if you're planning on trading the news.

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Pipsychology

Stop Taking Forex Trading Losses Personally

Taking a bloody beating from the forex market lately? It happens to the best of us so here's why you shouldn't be too hard on yourself.

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Trading Discussion

"Would You Rather Have Consistent But Smaller Profits or Occasional Big Ones?"

Forum member ponponwei writes, "If it all amounted to the same in the end (perhaps a small profit), which would you rather have? A "stable" number of winning trades with a smaller profit or a more "volatile" series of trades but with bigger wins (and also losses)?"

Read More

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