Sorry to say it but a majority of new traders need guidance, this guidance won't come from a leaked course that some dummie is sharing to get clout on social media. If there are strategies, only the person who put that strategy together can show and guide you on how to trade it. Why is our course free? Because without the guidance and being pointed in the right direction, you can't do anything with it! News flash, there is no secret recipe! Forget about finding the holy grail, it doesn't exist. The only teacher here is the market, it will punish you when you're wrong, it will reward you when you're right. Put in the work, get the knowledge, practice charting and techniques, power is nothing without control!

Nice move so far this session approaching our area of interest. We activated short, taken a nice capture on it and hit our first target. We will want to see how the level reacts when approached. Support 2483 needs to hold us up, resistance now 2495

You should be in these markets as a "trader", a buyer/seller of products just like you would in any other business. Difference here is you don't need to sell 20 products a day to make profit, here you need 1 decent trade a day to make a very good income and then come back fresh the day after. Every day you should approach these markets with a fresh mind, fresh analysis and a plan for what you're going to do. Where am I targeting, where am I going to wait for an entry, how much am I going to risk. The only time you should be buying multiple "products" is when you're splitting your lots sizes into smaller portions to scale into position, or, you're trading another pair with the same parameters as you would with one pair. You're not going to win every day, get used to this, the market is going to want to take back what it gives, your job is to identify when this is about to happen, and stay away, or, switch your plan to go the other way. Don't marry the trade, don't marry your bias. This is hope, hope kills accounts. Your risk model is there to protect you, you must use this to your advantage. Even 3 small losses, patience, discipline and then planning your next entry will reward you, most of the time breaking you even for the day, or coming out with a small profit.

This week's fundamental analysis.

Full in-depth preparation for the week ahead across the markets on all news events

Breakdown of last week's news and impact on the markets

Full insights into what to look for and how to position yourself for the week.

Add that to the targets, the red boxes, the algo, the EA and the hotspots. Now available in Camelot.

Today's Red boxes

Magic!

This is moving well into the highlighted levels with a "potential" resistance now approaching.

Jackson Hole Symposium:

What is the Jackson Hole Symposium?

The Jackson Hole symposium (Economic Policy Symposium) is held in Jackson Hole, Wyoming USA. It is an event attended by the worlds top financial professionals including ministers, bankers and academics. It is a closed event so no press are allowed access to the meetings or talks. Instead, press conferences are held throughout the event where any comments from financial professionals usually move the markets and cause extreme volatility.

If you’re trading an account size:

Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.

£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.

£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

Too many traders get stopped out and blow accounts because their lot sizes are too bit. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.