https://www.facebook.com/316314688959652/

Trading Plan, Glasgow (2026)

01/08/2020

he Pound Sterling or GBP is the currency used in the United Kingdom and other territories governed by the UK. The GBP places 4th as the most widely traded currencies coming behind USD, EUR & JPY respectively. ⁣⁣
⁣⁣
The Pound Sterling was once the reserve currency of the world. This was from the 1860s to 1940s. The Pound is still the 4th most held currency reserve.⁣⁣
The Pound Sterling’s monetary policy is predominantly controlled by the Bank of England.⁣⁣
⁣⁣
The BoE does this by controlling the circulation of banknotes. Only the BoE can issue banknotes in England and Wales, and for Scotland and Northern Ireland, the BoE regulates the issuance of banknotes.⁣⁣
⁣⁣
The HM Treasury is a governmental department which looks after public finance policy and economic policy. Although the BoE is the key organization that controls GBP, HM Treasury has the power to give orders to the BoE’s committee. ⁣⁣
⁣⁣
This power is only used if they have to, during uncertain economic circumstances.⁣⁣
⁣⁣
Brexit is another huge factor impacting the Sterling and making BoE's decisions much more impactful.⁣⁣
⁣⁣

30/07/2020

TOP 5 MOST TRADED CURRENCIES IN THE WORLD.⁣⁣
⁣⁣
The U.S Dollar (USD) is the most traded currency in the world, accounting for a daily average volume of $2.9 Trillion. ⁣The reason behind its popularity is obvious, the fact that the U.S is the largest economy in the world and used heavily in international trade. USD is also is the world's primary reserve currency held by commercial and central banks for international transactions and investment.⁣
⁣⁣
The Euro (EUR) is the second most traded currency around the world, accounting for a daily average volume of $1.1 Trillion. ⁣The main reason behind the Euro being the second most traded currency is because of the vast area that the currency is traded in the Eurozone and also is the world's second-biggest reserve currency. ⁣⁣
⁣⁣
The Japanese Yen (JPY) is the third most traded currency in the world, accounting for an average daily volume of $554 Billion. ⁣ The Yen's strength comes from the Japanese economy being self-reliant and being a safe-haven currency. The Japanese economy has an extremely strong manufacturing sector and Japan exports many goods worldwide.⁣
⁣
⁣⁣
The Pound Sterling (GBP) is the world's 4th most traded currency, accounting for an average daily volume of $422 Billion. ⁣GBP's value and the daily volume are highly related to the UK's economy and BoE actions when adjusting and optimizing inflation and interest rates. ⁣⁣
⁣⁣
The Australian Dollar (AUD) is the fifth most traded currency in the world, accounting for an average daily volume of $225 Billion. ⁣The AUD's value strongly relies upon commodity prices and the Chinese economy since Australia relies heavily on the performance of the Chinese economy to thrive. The reason why is because Australia and China have a significant amount of goods and services being exported and imported between them. ⁣⁣
⁣⁣
I hope we could help you learn a little bit about the world's most traded currencies, what affects them and how. ⁣⁣
⁣⁣
Thank you for learning with us @ Glasgow, United Kingdom

29/07/2020

Averaging down is a strategy used to get the best possible entry when investing. If you were to enter sell on any pair and then the price started to go to the upside, you would place more sell orders. If your prediction is correct and the pair ends up moving to the downside you will have more profit than if you were to use a single entry point, as your average entry would be lower than your initial entry. It is crucial not overleverage and to practice good risk management.⁣
⁣
A reassuring indicator is when the bullish candles are getting smaller and smaller whilst you are averaging down sells. This helps us confidently place more trades as we can see that the buying pressure is weakening and the selling pressure is getting stronger. You do not want to use this when the price has recently broken a key level because this could end up being a fakeout and price may respect the key level and reverse against your order.⁣
⁣
Thank you for learning with us - 😁

28/07/2020

Gold is a commodity that can be traded in the Forex markets and it is listed as, “XAU/USD”. If you were to buy this pair, you would essentially be backing Gold against the U.S Dollar. This very important when thinking of Gold as a safe-haven asset. The U.S Dollar is the most widely used reserve currency of the world. Knowing this, when there is uncertainty (Pandemics, Trade Wars, etc.) related to the Dollar, the price of Gold increases. Gold is one of the safest safe-haven assets to invest in, and many investors buy Gold during times of economic uncertainty and economic depression.⁣
⁣
Now we know that Gold rallies against the Dollar when the U.S economy is weakening. An Example of this is the recently implemented stimulus package introduced by the FED. Because COVID-19 has had a massive impact on businesses throughout the nation, the FED is using the stimulus to keep them from going bust. There is no demand for goods/services these businesses offer so the FED has increased the supply to help them. The lowering of demand and increase in supply is a strong indication of a weakened economy. ⁣
⁣
On top of this, the yield curve is flattening. This is when the return of investment (yield) in short-term and long-term bonds issued by the U.S Treasury is becoming similar. This makes long-term bonds unattractive and risky. Historically, a flattening yield curve predicts an upcoming recession and when we know that the U.S economy is underperforming, Gold is where we invest our money.⁣
⁣
The key thing to take away here would be that Gold is more attractive than ever to invest and hold long-term due to the reasons mentioned above. Some analysts even predict the price of XAU/USD to break $3500.00 in 2 years.⁣
⁣

27/07/2020

The interaction between GDP and the FX exchange rate is closely related. ⁣
⁣
But let's focus first on the balance of payments which interacts with all key macroeconomics factors such as: ⁣
⁣
Gross Domestic Product (GDP) ⁣
Interest Rates⁣
Exchange Rate ⁣
Inflation Rates ⁣
⁣
And the GDP itself is calculated with 4 macroeconomics variables such as consumer spending + capital investment spending + government spending + exports + imports + the current account balance.⁣
⁣
So the bottom line is, GDP does not drive the value of a currency but it shows us where the currency will head because of all those macroeconimc factors that affect the GDP, since inflation and interest rate are totally connected to the exchange rate and also totally influential towards GDP growth. ⁣
⁣
I hope you could learn something with us, we are more than happy to help, thank you!⁣
⁣⁣⁣
Follow us at @ Glasgow, United Kingdom

26/07/2020

What is a Stop Loss Order? ⁣⁣
⁣⁣
A stop-loss is an order that you apply⁣ to your trading position to make sure that ⁣⁣
you can minimize your losses by applying⁣ them to a certain level in the markets.⁣
⁣
So, if the markets are going your way but you⁣ still want to protect yourself you should⁣ apply for a stop-loss order at your entry ⁣level. Which means when markets go back ⁣to your entry-level, your position will be secured with no loss or profits. ⁣⁣
⁣⁣
It is crucial for traders to apply stop-loss orders to their positions, always minimize risk, and maximize profits. ⁣⁣
⁣⁣
Thanks for learning with us, follow and like this, if you have learned something, cheers guys!⁣⁣
⁣⁣⁣
Follow us at @ Glasgow, United Kingdom

25/07/2020

3 Reasons why you don’t succeed in this market 👆🏼⁣
⁣
Always look to improve, a bad day should turn into a learning day 🤞🏼⁣
⁣
Follow us at @ Glasgow, United Kingdom

25/07/2020

How to Identify a Downtrend?⁣
⁣
When trading, we have three possible scenarios, we could be on an Uptrend, Downtrend, or on a Ranging market. ⁣
⁣
Every single market has its unique confirmations to it, on this post we are covering the DOWNTREND market scenario. ⁣
⁣
How would you know for sure that a market is in a bearish direction, downwards direction? ⁣
⁣
When trading a bearish market, you would need to look for what we call Lower Highs and Lower Lows, expressed in the image above, those two unique confirmations give us a thumbs up for market direction. ⁣
⁣
Bearish Pressure is the total amount of sellers that are still making the downwards momentum be strong, which means that candles itself become bigger and bigger in lower lows (LL) and on Lower Highs (LH) we see diminished buying candles because buyers are weak on the bearish market. ⁣
⁣
Trendlines are also an amazing confirmation for us to identify our main downtrend points when you draw a trendline on a Bearish market, you usually have psychological levels to rely on if the market reverses to the upside. ⁣
⁣
Cheers for learning with us! Show us some love, share, and save it for later! ⁣
⁣
Follow us at @ London, United Kingdom

24/07/2020

Breakouts and Retests are the easiest and most simple way to be successful in the Forex market, in fact in any markets, purely by watching price react to key psychological levels. ⁣
⁣
Follow us at 👈🏽 @ Glasgow, United Kingdom

23/07/2020

The Franc (CHF) is a currency mainly used in Switzerland and Liechtenstein. The currency’s monetary policy is governed by The Swiss National Bank (SNB). The SNB has a high level of independence and does not need to accept any external influence when changing monetary policy. This concept is backed by Swiss Law, meaning political influence can be rejected if the SNB wishes to.⁣
⁣
It is the SNB and solely the SNB that issue Swiss banknotes. They have complete control of the country’s money, fiscal policy, and monetary policy. This is necessary as the SNB is required to ensure the stability of price within the Swiss economy. Prices may not inflate or deflate; this allows the Franc to preserve a strong purchasing power and allows investors to have a confident evaluation of the Franc and Switzerland’s economy.⁣
⁣
Inflation may become uncontrollable and, in the past, this has proven to be the case. Large increases in prices of goods can have damaging effects on a country’s economy as the people need to buy less and potentially use their savings to get by. On the other hand, rapidly falling prices also have a similarly negative effect. The Great Depression is a key example of this which influenced economies worldwide. The rapid drop in prices led to a drop in production. In turn, mass unemployment grew. When people are not working, they are not stimulating their economy and therefore the economy dwindles.⁣
⁣
How does the SNB secure stable prices within the Swiss economy?⁣
The SNB alters interest rates which affects how much money is available in the economy. The SNB’s governing board keeps this in check through quarterly fiscal and monetary assessments. These meetings entail the board members and experts assessing the Swiss economy in its entirety.⁣
Production, employment, and prices are looked at closely. Due to Switzerland’s global connections, interest rates, exchange rates, monetary and credit aggregates are assessed as well as the international economic situation.⁣
⁣
MORE AT THE COMMENT SECTION 👇🏼

23/07/2020

The Franc (CHF) is a currency mainly used in Switzerland and Liechtenstein. The currency’s monetary policy is governed by The Swiss National Bank (SNB). The SNB has a high level of independence and does not need to accept any external influence when changing monetary policy. This concept is backed by Swiss Law, meaning political influence can be rejected if the SNB wishes to.⁣
⁣
It is the SNB and solely the SNB that issue Swiss banknotes. They have complete control of the country’s money, fiscal policy, and monetary policy. This is necessary as the SNB is required to ensure the stability of price within the Swiss economy. Prices may not inflate or deflate; this allows the Franc to preserve a strong purchasing power and allows investors to have a confident evaluation of the Franc and Switzerland’s economy.⁣
⁣
Inflation may become uncontrollable and, in the past, this has proven to be the case. Large increases in prices of goods can have damaging effects on a country’s economy as the people need to buy less and potentially use their savings to get by. On the other hand, rapidly falling prices also have a similarly negative effect. The Great Depression is a key example of this which influenced economies worldwide. The rapid drop in prices led to a drop in production. In turn, mass unemployment grew. When people are not working, they are not stimulating their economy and therefore the economy dwindles.⁣
⁣
How does the SNB secure stable prices within the Swiss economy?⁣
The SNB alters interest rates which affects how much money is available in the economy. The SNB’s governing board keeps this in check through quarterly fiscal and monetary assessments. These meetings entail the board members and experts assessing the Swiss economy in its entirety.⁣
Production, employment, and prices are looked at closely. Due to Switzerland’s global connections, interest rates, exchange rates, monetary and credit aggregates are assessed as well as the international economic situation.⁣
⁣
After everything has been looked at, the SNB needs to decide whether the monetary policy needs to be changed. If there is a risk of inflation, then SNB tightens its policy to keep inflation at bay. If

22/07/2020

Firstly, what is overtrading?⁣
⁣
Overtrading is the act of excessive buying or selling of an asset. ⁣
⁣
When you overtrade, you are not only putting your entire account at risk but, you are also putting your own trading career in danger.
⁣
The reason people overtrade is due to poor emotional control. It might be to recover a big loss, or even a small one (VENGEANCE). It might be to bag in some more profits (GREED). You may simply think you have seen another opportunity (HOPE) or possibly because you think you missed an opportunity (FEAR). ⁣
⁣
Your mental state and your mental capability sets the type of trader you will be and will determine success you will achieve. Overtrading is common. Anyone who is starting will go through it, and this is fine and should be treated as learning curve. The experience will teach you more than anything and anyone...⁣
⁣
But how do you overcome this? ⁣
⁣
I could tell you many ''tips'' on how to stop overtrading, but you will learn with your own mistakes. We are here to assist you, warn you and tell you that it is absolutely fine to make mistakes. You are human after all... ⁣
⁣
But please learn with them, have self-awareness and try to look at clues of what you are doing with your trading. Are you increasing the amounts of trades every month, everyday? Do you have an average? Find the patterns to keep you in line! ⁣
⁣
Take breaks! Traders often feel like they have to trade, like it is an obligation to press the buy or sell button. It is not. This will make you anxious. It will harm your mental health and blow your account. Take a break, you deserve it! ⁣
⁣
And please create rules, we will make a video towards rule creation, but have rules in place and only enter trades when those are met!⁣
⁣
Follow us at

Trading Plan

01/08/2020

30/07/2020

29/07/2020

28/07/2020

27/07/2020

26/07/2020

25/07/2020

25/07/2020

24/07/2020

23/07/2020

23/07/2020

22/07/2020

Address

Website

Alerts

Contact The Business

Shortcuts

Featured

Share

Category