Successful trading in financial markets requires more than luck or intuition; it requires a well-defined trading strategy. A trading strategy serves as a roadmap, guiding traders through the complex landscape of buying and selling assets. In this blog post, we will provide a comprehensive guide on how to develop a trading strategy that aligns with your trading goals and maximizes your chances of success. Define Your Trading Goals: Define Your Trading Goals Before diving into the development of a trading strategy, it is crucial to clearly define your trading goals. Are you looking for short-te ..read more

  Moving Averages (MA) are one of the most widely used technical analysis indicators by traders. It is a simple indicator that can help identify trends, support and resistance levels, and potential trading opportunities. In this blog, we will discuss how to trade with Moving Averages. What are Moving Averages? There are two main types of Moving Averages: Simple Moving Average (SMA) and Exponential Moving Average (EMA). Simple Moving Average (SMA) The SMA calculates the average price over a specific period by adding up the closing prices of the asset and dividing it by the number of perio ..read more

Interest rates are set by monetary policy committees at central banks and are used to control inflation and stabilize prices and the economy. When interest rates are high, it typically leads to a stronger currency as foreign investors will be attracted to invest in that country to take advantage of the higher interest rates earned on depositing money. This increased demand for the currency will drive up its price and exchange rate. On the other hand, when interest rates are low, it typically leads to a weaker currency as foreign investors will be less interested in investing in that country as ..read more

  Ken here! As you know one of the blokes, and I want to walk you through the specific steps that I follow every single morning to get me prepared for the day ahead.  STEP ONE: Get briefed on the latest news First of all, I need to know the latest financial market-relevant news.  My first step is to go through all of the major business news websites, work out what the main headlines and themes of the moment are, and then delve deeper into each to pick out the most important pieces of information.  I also go through the economic calendar; were there any important overnight ..read more

The importance of patience in trading Hello and welcome to the first Two Blokes Trading blog! This week I am going to discuss patience and why it is so important especially as a retail trader as most retail traders do not have patience.  Most people who enter the world of trading from the outside think trading is a crazy superfast-paced environment, they could not be farther from the truth. Traders need to be patient, firstly to let opportunities in the market present themselves and even once the opportunity is there, most guys will go straight in full exposure on a trade. This is the wro ..read more

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who denounce their brothers and sisters, sowing distrust and ill-will. They freeze our hearts and our tongues, by punishing with prison anyone who provokes, praises, or merely seeks to understand those mad acts to which an insane society has driven a few poor souls.who denounce their brothers and sisters, sowing distrust and ill-will. A few years later, most of this rabble had lost whatever convictions drove their violence. Even deluded demagogues renounced their youthful dreams. Who among us does not feel the shadow of fear cast by the cowardly laws of these past years? The Scoundrel Laws ..read more

who denounce their brothers and sisters, sowing distrust and ill-will. They freeze our hearts and our tongues, by punishing with prison anyone who provokes, praises, or merely seeks to understand those mad acts to which an insane society has driven a few poor souls.who denounce their brothers and sisters, sowing distrust and ill-will. A few years later, most of this rabble had lost whatever convictions drove their violence. Even deluded demagogues renounced their youthful dreams. Who among us does not feel the shadow of fear cast by the cowardly laws of these past years? The Scoundrel Laws ..read more

The Dutch economy contracted more than initially estimated in the first quarter, revised data from the Central Bureau of Statistics showed on Thursday. Gross domestic product declined 0.8 percent sequentially, bigger than the -0.5 percent estimated on May 18. GDP had remained flat in the fourth quarter of 2020. The expenditure-side breakdown of GDP showed that household spending decreased 3.5 percent and government expenditure was down 2 percent. At the same time, gross investment in fixed assets advanced 3 percent. Import of goods and services gained 0.8 percent and exports of goods and se ..read more

Asian stock markets are trading mostly higher on Thursday, following the mixed cues overnight from Wall Street amidst a lack of strong catalysts. Investors seem reluctant to make significant moves amid uncertainty about the near-term outlook for the markets following recent volatility. Asian markets closed mostly higher on Wednesday. The Australian stock market is slightly lower on Thursday, retreating from record all-time highs and extending the losses of the previous session, with the benchmark S&P/ASX 200 staying below the 7,300 level, as gains in mining and technology stocks were offs ..read more