"There are really four kinds of trades or bets: good bets, bad bets, winning bets and losing bets. Most people think that a losing trade was a bad bet. That's absolutely wrong. You can lose money even on a good bet. If the odds on a bet 50/50 and the pay off is 2$ vresus a 1$ risk, that's a good bet even if you lose. The important point that if you do enough of...
What is the Dollar Index? The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against the U.S. dollar Which currencies are included in the U.S. Dollar Index? The U.S. Dollar Index contains six component currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. What is the Formula...
The Traders Decisions at S & R Areas: This is a function of how we are wired as humans. The decisions to buy or to sell are made by analyzing the current price against previous areas which cause an emotional response to traders. They fear of missing out of on opportunity so they either buy or sell at these areas of support or resistance. So the support area...