Y
Yoks
@yokoyi
Trader
22 Followers
4 Following
Hello Godspower, good to see you here. So, it depends on who you ask right? For me I would say the most challenging part is accepting a loss without pushing back
The Nasdaq stock exchange has since opened at 9 30 am EST or 2;30 pm UTC+1 in Nigeria, but price is still stuck at a support which is a previous days session high/low. I have set buy limit order above to trade the break of structure if it happens
The New York Stock Exchange has opened by 9 30 am EST or 2;30 pm UTC+1 but the price is still trading within the pre-open hour range, there's nothing to do yet.
I took some long trades. I was stopped out of the first set of long trades because i placed a tight stop, I got in again and was able to breakeven. I am done with London trading I will be back during New York
+1
DXY is also above 100. In fact the DXY is 100.90 meaning the USD is stronger than major currencies by 0.9%
EUR/USD
1.1500 (EUR 3.45 bn)
1.1350 (EUR 1.06 bn)
USD/JPY
162.00 (US$ 411.07 mn)
GBP/USD
1.3350 (GBP 323.37 mn)
This is why Natural Gas Price Has Been Falling
Tropical storm Arthur currently plaguing the US gulf coast has sparked fears that US ships will not be able to export natural gas hence there could be an over-supply in the US. This is why investors have not been buying as they should causing price to go down.
https://finance.yahoo.com/markets/commodities/articles/nat-gas-prices-fall-storm-191316233.html
I've decided to be trading only EUR/USD when it comes to currencies. Most of these currencies are correlated so you can end up wasting your time with them. I would rather trade EUR/USD during London, and Indices/commodities during NY
Today I trades two asset classes: Currencies and Energy. Most of my losses came from the currency trade because of its confusing movement, but the only loss on natural gas was due to me mistakenly closing a trade. So yeah I tried to diversify but its too early to say diversification is better than trading just one pair. Lets keep experimenting.
I closed the Natural Gas trade in profit. I didnt want to hold it any further because the Chicago Mercantile Exchange will soon close and when they close I will not be able to close my trade again. I will have to wait till tomorrow to close it.
I just took a buy trade on natural gas because the EIA gas inventory dropped lower than the forecasted figure
+1
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