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Buy the dip.

I think it's a really difficult picture at the moment to know what is priced in.

If you take the ongoing war and covid out of it, the financials and corporate debt (or leverage) of many companies was way overstretched. Tech was the growth sector, but still largely waiting for 'profits tomorrow'.

Then you have the personal debt problem (that's always there), ironically helped by Covid as we were given free cash but with restricted opportunity to spend it. I'm sure the massive rise in living costs will chomp away at it nicely.

Then there's government debt. Justifiably piled up fighting one crisis or another but not in a pretty state coming into those crises in the first place.

Inflation can help anyone in debt, but the detachment for people on the other side ie savers is stark. Scratch around for 1-2% on your savings compared to inflation running, I'd estimate easily at 7-8% at the moment. You'd be happy (relieved) to achieve that tracking an index these days.
And the short sharp inflation shock I wouldn't be surprised doesn't turn out that short (5yrs?). The lower income suffer most, as they're not looking for return, just to make ends meet. Plus it's the unavoidable costs that are spiking.

Boring stocks like utilities are probably safest at the moment. (National grid etc). There are probably some good cyclical stocks that might bounce back (from lows during covid) but generally give them a swerve with incomes stretched. A correction in tech might be a buying opportunity, it's the future after all, very few unicorns that won't be tech companies.

Commodities are interesting as event induced supply and demand issues ensue. (And geopolitical). Plus GHod knows how much rebuilding might be required.
 
So I am forex trading these days. Still on demo accounts but I'm loving learning the charts.

How much of a beating can the pound take. Been watching the market for months but fcuk me last few days have been brutal.

Want to make some money on a side hustle because of the cost of my health care treatment. Off to China again in January, covid started up last time so GHod knows what will happen this time.
 
So I am forex trading these days. Still on demo accounts but I'm loving learning the charts.

How much of a beating can the pound take. Been watching the market for months but fcuk me last few days have been brutal.

Want to make some money on a side hustle because of the cost of my health care treatment. Off to China again in January, covid started up last time so GHod knows what will happen this time.
Any particular strategy you are trading?

I dont agree with people trading on demo accounts for long, unless they have literally never seen a chart before. Because as soon as they move from a demo account to live account, and you see your money go up and down people get emotional and behave differently to how they do on demo when there is no pressure with no actual money being traded. All too often people close trades in profit early because scared of going into drawdown, or close trades that are in drawdown because they cant handle seeing their money in the red - Your stop loss and take profit levels are there for a reason, if it hasn't hit either of them then you are still in the game.

I used to trade GBP/JPY but it doesn't have much volume these days, so I do XAU/USD - You can catch some beautiful moves and plenty of pips on there during NY session.....
 
Any particular strategy you are trading?

I dont agree with people trading on demo accounts for long, unless they have literally never seen a chart before. Because as soon as they move from a demo account to live account, and you see your money go up and down people get emotional and behave differently to how they do on demo when there is no pressure with no actual money being traded. All too often people close trades in profit early because scared of going into drawdown, or close trades that are in drawdown because they cant handle seeing their money in the red - Your stop loss and take profit levels are there for a reason, if it hasn't hit either of them then you are still in the game.

I used to trade GBP/JPY but it doesn't have much volume these days, so I do XAU/USD - You can catch some beautiful moves and plenty of pips on there during NY session.....

At the moment we are looking at reverse price movement on pound/dollar.

The XxAU/USD is what2pm uk time?

I don't understand to much of it but it is interesting. Love learning something new.
 
At the moment we are looking at reverse price movement on pound/dollar.

The XxAU/USD is what2pm uk time?

I don't understand to much of it but it is interesting. Love learning something new.
Excellent, I love watching the way price moves it’s so interesting - master price action and the different types of candles and patterns and you will do great things!

XAUUSD goes all day but the biggest volume is at NY session which is 1pm UK time….
 
Excellent, I love watching the way price moves it’s so interesting - master price action and the different types of candles and patterns and you will do great things!

XAUUSD goes all day but the biggest volume is at NY session which is 1pm UK time….

Funny enough just had lunch with my mate. Sadly not a liquid lunch as he Muslim and don't drink. I love unexpected friendships, hit off best with him at work despite being 33 years older and him an arsenal fan.

Anyway we had a laptops out in Costa and have spent a couple of hours bussing watching the markets. Is a new interest of mine.

Do you have a funded account or are you self funded?
 
Funny enough just had lunch with my mate. Sadly not a liquid lunch as he Muslim and don't drink. I love unexpected friendships, hit off best with him at work despite being 33 years older and him an arsenal fan.

Anyway we had a laptops out in Costa and have spent a couple of hours bussing watching the markets. Is a new interest of mine.

Do you have a funded account or are you self funded?
I used to fund myself just as hobby, but I’m looking to take more seriously so I’ve started doing FTMO. I failed a couple of times, passed both challenges once and became a funded trader but I got overexcited and didn’t stick to my plan and exceeded my limit. So have taken a break and going to go again. It’s mostly a mental thing and sticking to your trading plan, no matter how good a trader you are you will lose sometimes. It’s all about probabilities. If you have a good plan that works 7/10 times you will be profitable as long as you stick to it and accept you will lose 3/10 times. Good luck mate…..
 
I used to fund myself just as hobby, but I’m looking to take more seriously so I’ve started doing FTMO. I failed a couple of times, passed both challenges once and became a funded trader but I got overexcited and didn’t stick to my plan and exceeded my limit. So have taken a break and going to go again. It’s mostly a mental thing and sticking to your trading plan, no matter how good a trader you are you will lose sometimes. It’s all about probabilities. If you have a good plan that works 7/10 times you will be profitable as long as you stick to it and accept you will lose 3/10 times. Good luck mate…..

Nice one mate. We will have to catch up at a game this season.
 
32 pips in the last 2 days shorting the pound getting out before drawbacks and back in.

I really hope Johnson resigns for a few reasons but if he goes before Friday I'm moving to the Caribbean haha.

I had a grand in a small trading account while trying to get ftmo verified. Not sure I need to bother now haha.

This is like spurs winning the league:D:D:D:D:D
 
Any particular strategy you are trading?

I dont agree with people trading on demo accounts for long, unless they have literally never seen a chart before. Because as soon as they move from a demo account to live account, and you see your money go up and down people get emotional and behave differently to how they do on demo when there is no pressure with no actual money being traded. All too often people close trades in profit early because scared of going into drawdown, or close trades that are in drawdown because they cant handle seeing their money in the red - Your stop loss and take profit levels are there for a reason, if it hasn't hit either of them then you are still in the game.

I used to trade GBP/JPY but it doesn't have much volume these days, so I do XAU/USD - You can catch some beautiful moves and plenty of pips on there during NY session.....

100% agreed on demo accounts. Only useful to learn all of the execution tools on a platform. That’s it for me. Emotional decisions and psychology are what makes a market. You make different decisions when you have skin in the game.
As for the markets themselves ,dead cat bounce imo. VIX at 26 and people chasing price. Only ends in tears.
 
guys QQ, i currently have Hargreaves Lansdown but i just really dont pay much attention.

Am considering moving to Nutmeg and just have them manage the ISA for me (yes aware of the annual fee etc) - anyone use Nutmeg and any thoughts on it?
 
guys QQ, i currently have Hargreaves Lansdown but i just really dont pay much attention.

Am considering moving to Nutmeg and just have them manage the ISA for me (yes aware of the annual fee etc) - anyone use Nutmeg and any thoughts on it?
I use HL...what are you not paying much attention too?
 
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