Mabaso forex academy

07/06/2024

Why Trading Psychology and Risk Management Go Hand in Hand

Trading psychology and risk management are closely connected because both are essential for successful trading. Here’s why:

1. Emotional Control:
- Trading Psychology: Staying calm and focused helps you make rational decisions.
- Risk Management: Managing your risks means you won't lose too much money, which keeps you calm.

2. Discipline:
- Trading Psychology: Sticking to your plan and rules, even when it's tough.
- Risk Management: Following rules to limit losses ensures you stay disciplined.

3. Confidence:
- Trading Psychology: Believing in your strategy and sticking to it.
- Risk Management: Knowing you have limits in place gives you confidence to trade without fear.

4. Consistency:
- Trading Psychology: Keeping a steady mindset helps you follow your strategy.
- Risk Management: Consistently applying risk rules helps protect your account.

In simple terms, good trading psychology helps you stay calm and focused, while good risk management protects your money and keeps you in the game. Together, they create a balanced and effective approach to trading.

06/12/2022

market update from senior market analyst Mxolic M

RBA’s and BoC’s interest rate decisions in focus

• USD - Powell’s speech weakens USD
• GBP - Easy week for pound traders
• JPY - Revised GDP rate eyed
• EUR - Inflationary pressures ease
• AUD - RBA’s interest rate decision in focus
• CAD - BoC to proceed with a 25 basis points rate hike

04/12/2022

Strictly financial market Qs

08/08/2022

Market update

My EU sell trade still valid as EU trade below 1.028 ,our ROI is 1:3

08/08/2022

Am selling EU

08/08/2022

US DOLLAR BULLS AWAIT THE US CPI DATA

8 August 2022, 02:49

US dollar bulls lurking at a key hourly structure.

The US CPI could be the catalyst for a move higher in both US yields and the greenback.

The US dollar and yields rallied on Friday, recovering from the sharpest daily drop in more than two weeks, following the Nonfarm Payrolls blockbuster report.

The US jobs report showed a 528,000 gain in payrolls for July, beating estimates for an increase of 250,000, compared with the 398,000 increase in June. On top of that, the Unemployment Rate fell to 3.5% vs. estimates of 3.6%. Meanwhile, the average hourly earnings were up 0.5%, stronger than an upward revised 0.4% increase in June, keeping the adjusted year-over-year rate at 5.2% compared with expectations for a slowdown to 4.9%. Overall, this leaves the Unemployment Rate back to its pre-pandemic low while hourly earnings are surging. Markets are therefore revising their Federal Reserve bets higher with sharper odds of a 75bp Fed hike.

The US dollar index (DXY), which measures the greenback against a basket of currencies, rallied to a high of 106.93 after sliding 0.68% on Thursday, the largest fall since July 19. It remains around 2.5% below its mid-July high. The chart below illustrates the prospects of a further move higher from the neckline of the W-formation on the hourly chart:



Meanwhile, the US 10-year treasury yields have rallied from the daily chart's broadening formation's support as markets reprice Federal reserve interest rate expectations following the NFP report:



The curve continues to be more inverse. 2-year government bond yields rose from 3.06% to 3.26%, and 10-year government bond yields rose from 2.68% to 2.82%. This week's US Consumer Price Index could be key in this regard.

05/08/2022

Let get an overview of US Index before NFP by Mxolic head analyst at Mabaso FX Academy
067 0492 980

US DOLLAR INDEX LOOKS BID NEAR 106.00 AHEAD OF NFP

5 August 2022, 11:32

The index reclaims part of the ground lost on Thursday near 106.00.

US yields keep showing lack of traction at the end of the week.

The US economy is expected to have added 250K jobs in July.

The greenback regains the smile and motivates the US Dollar Index (DXY) to reverse Thursday’s pullback and refocus on the 106.00 neighbourhood ahead of the release of July’s Nonfarm Payrolls later in the session.

US Dollar Index now looks to data

Following Thursday’s deep decline, the index managed to regain some composure and retake the upper hand, revisiting at the same time the 106.00 zone at the end of the week.

The daily rebound in the dollar comes amidst the muted performance of US yields across the curve so far. Yields have been kind of ignoring further hawkish messages from FOMC governors, who hinted at the idea that the normalization process is still far from over and centring the debate at the same time on the size of the September hike. On the latter, CME Group’s FedWatch Tool sees the probability of a 50 bps rate raise at just above 60% vs. nearly 40% when it comes to a 75 bps hike.

Additional data in the US docket will see the Unemployment Rate (3.6% exp.), Average Hourly Earnings (4.9% YoY exp.) and finally June’s Consumer Credit Change.

What to look for around USD

Despite the risk aversion ebbed in past days, the dollar remains bid vs. the risk complex and keeps the index underpinned around 106 on Friday.

The very-near-term outlook for the dollar has deteriorated somewhat in recent sessions, particularly following the latest US GDP figures and the prospects for further tightening by the Fed in the next months, which carry the potential to drag further the economy into the contraction territory.

Among the positives for the buck still emerge the Fed’s divergence vs. most of its G10 peers (especially the ECB) in combination with bouts of geopolitical effervescence and occasional re-

04/08/2022

04/08/2022

May I close or Keep holding, remember this trades I took them 4 days ago stop is placed free trades

04/08/2022

We still holding from the first xauusd our target 1816

01/08/2022

Starting a month with top gear ,do you know that US dollar index is bearish momentum,just buy anything against dollar

31/07/2022

Let share secret of Fibonacci

For education only