A flat morning – Friday’s live trading video…

Nothing of interest in this early session today. Looks like the CPI figures out at 1.30 could give some movement but it was all too conflicting for me this morning and have to leave early today…

6 Responses to “A flat morning – Friday’s live trading video…”

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  1. Marco says:

    I’ve been around for a few months and starting to grasp the impact of the news on this FX market, but I have noticed that you can have some kind of news every day and if you wait when nothing is really out you should be trading no more than once a week, maybe.
    So I think, as far as I’ve seen, the really big impact comes from NFP, CPI and central banks stuff (50 pips or far more), the rest is minimal/minor noise.
    Would you agree or add some more releases to this?
    Thank you, as always.

  2. Charlie Burton says:

    Yes Marco as a day trader you don’t need to worry about every piece of news. As a swing trader you really don’t need to worry about nfp either! So it depends if day or swing trading as to whether you take note ofnignore

  3. Marco says:

    oh yes, you’re right, I just forgot to mention that I meant relevant for intraday standards, like those classic “15-25 pips stop” plays, what are the news you 100% take into account in that case? thank you again!

  4. Paul Oak says:

    Hi Charlie,

    thanks for your videos, they really help. I’d like to ask you a question. I’ve been watching the HFR results, these Hedge Fund Indexes and I discovered that they are usually very poor! I wanted to ask you if these Hedge Funds use leverage or not.

    In my case, this year I made 2% in January, 3% in February, 6% in March, then -4% in April, -3.5% in May, then 1% june and another 1% in July more or less. In the end 5% this year. I started with my method this year, so it’s not bad, although I wanted to make 10% a month… It seems it’s not so easy. The thing is that I risk less than 1% per trade, usually around 0.5%. 1% is my maximum, and use like 2-3 leverage when I’m in a trade, but I allow myself to be able to use up to 8-10 leverage in order to be able to be in more than one trade at a time.
    What do you think Charlie? Do the Hedge Funds use leverage? Or not? And what about my results? I’m still learning and I know that I could have made more this year because I had to learn a lot from my mistakes.
    But I don’t know if this is good or bad for an independent trader, or if I should be making 10% a month or something like that, otherwise, it would be better to put my money in a hedge fund and just forget about it…

    Sorry for the long message, I really appreciate your help Charlie

    Kind Regards

    Paul

    • Charlie Burton says:

      Hi Paul. For your first year those results are pretty good! Remember most traders lose money in their first year as they struggle with the psychological elements of trading. So don’t be too hard on yourself plus your risk is nice and low too. So I would expect your results to generally improve anyway as your experience grows. 10% a month is quite a lot but I always say the average retail trader should have the ability to make 50%-100% a year.

      With regards to hedge funds, some use very little leverage and so are only aiming to make 10% a year whereas others will be using leverage and therefore higher returns. But just like with traders, many hedge funds struggle to make a profit every year – remember hedge fund traders are not necessarily great traders, they just came from a bank and so have lots of contacts!

      An individual trader should out perform the majority of hedgefunds because of his or her ability to jump in and out of the markets. A big fund simply can’t do that so that’s a big edge for us – being small!

      Hope that helps

      Charlie

      • Paul Oak says:

        Hi Charlie,

        thank you very much for your fast answer. Yes, it really helps! Hopefully, I build up more experience and manage to achieve 50%-100% a year. That would be great!

        Thanks again, I’ll keep working on it then. I really feel better with your answer.

        Kind Regards!

        Paul

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