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EP51: The Changing Markets
We learn in school how to make decisions based on “fundamental analysis.” But how useful is it in trading?
In this episode of 2 Traders Podcast, Walter and Darren talk about the constantly changing forex markets and how the fundamentals dictate which market you should choose to trade. Both of them agree on the value of fundamentals, although perhaps, it is not critical that your decisions should be based on it.
You’ll also get to see what the news can do to you and why you should never watch too much of it.
Download (Duration: 29:04 /33.2 MB)
In this episode:
00:36 – the changing markets
04:10 – out of the slumber
06:09 – pretty critical
08:28 – impending news
12:21 – the price you pay for trading
13:03 – ice cream business
16:01 – trend following is over
18:08 – steep move up
19:25 – complete rainbow of flavors
20:42 – who’s on the other side?
21:59 – off the cliff
24:17 – look at the historical data
26:48 – not going against the pros
27:16 – Naked Trading set ups
Tweetables:
Should I take a break from trading? [Click To Tweet].
You can see all you need to see on the charts. [Click To Tweet].
It’s the simple things that you need to keep in mind. [Click To Tweet].
Download The Full Episode 51 Transcript Here
Walter: The best thing to do, for me, is to make sure that I follow my system and that includes taking trades even when there’s a pending news coming…
Announcer: Two Traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: Welcome back to the Two Traders Podcast. I’m Walter and Darren is on the line. Hello, Darren.
Darren: Hello, Walter.
Walter: Today, Darren, we’re going to talk about the changing markets, how the fundamentals dictate which market you choose to trade, or how you approach your trading. First of all, what got you into this line of thinking?
Darren: Obviously, the traders that I worked with generally trade the GBP/USD and at the moment, there’s this uncertainty about the UK leaving the EU.
As a result, a lot of us have been pretty beaten up by the markets the last couple of weeks. Nothing out of the ordinary, actually, but obviously when you’re going through it, it feels when it’s constantly on the news that there’s something fundamental going on in the markets and you’re losing. It heightens the pressure.
It might be in line with any other fundamental changes in your market. I remember when we we’re leading up to the general election — was it last year? It was last year. Again, it was a period just before that where we all really struggled for 5 weeks. It’s very difficult.
Obviously, the questions coming up are: should we change anything? Should we trade a different market?
View all episodes
By Walter PetersWe learn in school how to make decisions based on “fundamental analysis.” But how useful is it in trading?
In this episode of 2 Traders Podcast, Walter and Darren talk about the constantly changing forex markets and how the fundamentals dictate which market you should choose to trade. Both of them agree on the value of fundamentals, although perhaps, it is not critical that your decisions should be based on it.
You’ll also get to see what the news can do to you and why you should never watch too much of it.
Download (Duration: 29:04 /33.2 MB)
In this episode:
00:36 – the changing markets
04:10 – out of the slumber
06:09 – pretty critical
08:28 – impending news
12:21 – the price you pay for trading
13:03 – ice cream business
16:01 – trend following is over
18:08 – steep move up
19:25 – complete rainbow of flavors
20:42 – who’s on the other side?
21:59 – off the cliff
24:17 – look at the historical data
26:48 – not going against the pros
27:16 – Naked Trading set ups
Tweetables:
Should I take a break from trading? [Click To Tweet].
You can see all you need to see on the charts. [Click To Tweet].
It’s the simple things that you need to keep in mind. [Click To Tweet].
Download The Full Episode 51 Transcript Here
Walter: The best thing to do, for me, is to make sure that I follow my system and that includes taking trades even when there’s a pending news coming…
Announcer: Two Traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: Welcome back to the Two Traders Podcast. I’m Walter and Darren is on the line. Hello, Darren.
Darren: Hello, Walter.
Walter: Today, Darren, we’re going to talk about the changing markets, how the fundamentals dictate which market you choose to trade, or how you approach your trading. First of all, what got you into this line of thinking?
Darren: Obviously, the traders that I worked with generally trade the GBP/USD and at the moment, there’s this uncertainty about the UK leaving the EU.
As a result, a lot of us have been pretty beaten up by the markets the last couple of weeks. Nothing out of the ordinary, actually, but obviously when you’re going through it, it feels when it’s constantly on the news that there’s something fundamental going on in the markets and you’re losing. It heightens the pressure.
It might be in line with any other fundamental changes in your market. I remember when we we’re leading up to the general election — was it last year? It was last year. Again, it was a period just before that where we all really struggled for 5 weeks. It’s very difficult.
Obviously, the questions coming up are: should we change anything? Should we trade a different market?