What a crazy week in the markets. Many had said at the outset of 2022 that the FX market may be a little quieter than normal. A war in UKRAINE and increasing INFLATION and SUPPLY CHAIN issues put those ideas well and truly to bed.
Never mind the fact that I also believe that we have borderline STAGFLATION in several countries and that RECESSIONS are on the cards plus some moves by Central Banks are actively promoting DEFLATION.... oh happy days!
In this week’s ZOOM, I look back at last week’s wild swings in US Equities and the volatility in FX. The moves in FX are from my 12-year involvement trading FX virtually impossible to plot, fathom out or react to. It is truly the definition of a challenging market environment.
This weekend’s DRIVE THRU (ZOOM) link is below. Check it out to see what I did and how I am working through the volatility.
THE WEEKLY FX DRIVE THRU BLOG (ZOOM EDITION):
Finally, always remember longevity in Forex trading can only be achieved through trading with a good MINDSET, RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.
Be grateful for your wins and count them. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.
The Pip Accumulator
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BLOG VERSION: #458 FREE NEWSLETTER
DATE: 19th June 2022