Adam will be on Bloomberg at 3PM today w/ Adam Johnson and Trish Regan for a markets roundtable discussion.
Category: General
Do you have a Forex trading plan?
The most important structural part of a house is usually unseen. If the foundation of a house is cracked, not level, or deteriorating, the home is no longer safe. The family living inside is at danger and the first priority of the owner should be to get the foundation fixed.
Many have a vague plan for Investing, but do not have a solid, non-negotiable trading system in place. Your trading system covers everything from your tools and entry strategy to your risk management. It answers every question before it needs to be asked.
In Forex trading, the market can be brutal. It is commonly stated that 95 or more percent of traders lose in the Forex Market which speaks to the difficulty of trading it. That is why it is essential to build a personal and successful Forex Trading System.
There are many aspects to a successful system, but today I want to focus the importance of Trade Management.
Before I jump into the details, though, I want to hit on the importance of a good entry strategy so that you have something to use your Trade Management with. Continue reading "Do you have a Forex trading plan?"
Tune into CNBC at 4:50pm (ET) to see Adam on "Closing Bell" with Maria Bartiromo
Make sure you tune in to watch MarketClub co-founder, Adam Hewison, today on CNBC's "Closing Bell" at 4:50 (ET) with Maria Bartiromo.
Stocks Slide Into Negative Territory In Early Trading
Stocks have moved mostly lower in early trading on Tuesday despite the release of an upbeat report on U.S. retail sales. The major averages have all moved to the downside after ending the previous session on opposite sides of the unchanged line.
The major averages have climbed off their lows for the young session but remain in the red. The Dow is down 28.07 points or 0.2 percent at 13,479.25, the Nasdaq is down 20.75 points or 0.7 percent at 3,096.75 and the S&P 500 is down 4.76 points or 0.3 percent at 1,465.92.
The weakness on Wall Street comes as worries about renewed gridlock in Washington regarding the debt ceiling has overshadowed a Commerce Department report showing stronger than expected retail sales growth.
The report showed that retail sales rose by 0.5 percent in December following a revised 0.4 percent increase in November. Economists had expected sales to edge up by 0.2 percent compared to the 0.3 percent growth originally reported for the previous month. Continue reading "Stocks Slide Into Negative Territory In Early Trading"
Gold Chart of The Week
Each Week Lo
ngleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
Weekly Gold Report (January 14 through January 18)
Week two of 2013 is behind us and as we look ahead to week three, the US earnings reports are on the front burner. This week, a few major US banks and heavy hitters like General Electric and Intel will report earnings and share their thoughts on potential growth. The sentiment of major corporations in the United States will be key again this year as they contemplate investing funds that were sidelined last year, due to political and economic uncertainty. Stock indexes seem to be pricing in favorable news as they climbed above the prior chart highs from September. The tricky part of the first earnings report of this year is the fact that movement in either direction will have to consider the upcoming debate in Washington surrounding the second half of the Fiscal Cliff, and whether the government can find common ground on taxes and spending. Continue reading "Gold Chart of The Week"
