Maintaining composure and rationality is key in quant trading. Emotions should not drive decisions, but rather, developing emotional intelligence and self-awareness helps in controlling reactions and making informed choices.
Watching GDP reports is crucial in evaluating a country's economic status. Market sentiment and currency values can be influenced by GDP releases, making them significant events to monitor.
Market sentiment is often assessed using sentiment indicators to predict trends. Technical analysis involves studying historical price data for identifying patterns and trends.
Counter-trend approaches can yield high returns but pose higher risks by going against market trends. Effective risk management, like using stop-loss orders, is crucial for mitigating potential losses.
Major currency pairs are widely traded, offering liquidity and stability. Minor pairs, like EUR/GBP and GBP/JPY, present alternatives not linked to the US dollar, expanding trading possibilities.
Updated on: 2024-08-27 22:01:13