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Base Camp: #2 Market Exposure
6316 March 25, 2018 03:29 Norsie Traders Library you should know
Depending on the market certain sectors have either direct or indirect effects on the currency, equity, etf, or commodity. In example the DXY or the dollar currency index runs in direct correlation to any pair with USD in its name. FXY for the Yen FXE for the EUR 40% of a stocks price fluctuations are due to the market, 30% to the sector and 30% to the stock itself (more…)
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Base Camp: #1 some fundamental stuff
6297 March 24, 2018 16:43 Norsie Traders Library you should know
In post basic experience creating an edge will give you the greatest leverage, keep it simple, there is little need to complicate things; test(back/forward) until you find a system you enjoy using and has worked over at least 200 trades. Once you feel confident regarding the odds being in your favor, paper trade it until your confidence in your system increases. Start small and increase your lot size as your confidence increases, (more…)
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