We trade and live in very strange times.
The LIZ TRUSS project in the UK took another series of sharp turns last week. In addition, Andrew Baily, Governor of the Bank of England basically threw his arms in the air mid-week to the markets by essentially saying from Washington on a trip stateside “Feck you lot... you have three days to sort yourselves out”.
By Friday, TRUSS had sacked her chancellor Kwasi Kwarteng, installed Jeremy Hunt a prior Rishi Sunak supporter whom TRUSS challenged last summer for the Tory leadership.
I look at this, amongst other market fundamentals in my SOAPBOX inside my ZOOM Presentation below...
THE WEEKLY FX DRIVE THRU BLOG (ZOOM EDITION):
WEEKLY FX PREMIUM PERFORMANCE:
OCTOBER and YEAR TO DATE PERFORMANCE:
If you have trading disciplines and use a TRADE PLAN to trade. In these volatile times why trade with your own capital?
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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
Twitter: @weeklyfxpremium (Restricted feed - FX PREMIUM Trade Information)
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BLOG VERSION: #473 FREE NEWSLETTER & COFFEE SHOP
DATE: 16th October 2022