Trade With Precision Free Newsletter

For those of you out there who are looking to start trading the markets, there's so much different information available to you on the internet it's hard to know where to start. If you search the web looking for information on how to trade you will come up against a whole heap of people claiming that to make money you need to use Candle Stick Patterns, Elliot Wave theory, Gann, Descending Triangles and many other methods. All of these methods can be quite overwhelming for the budding trader and quite frankly you're better to start off trading by mastering the most important basics. 

As traders we do all we can to manage our risk on every single trade and on every single day, but what about occurrences that are totally out of our control? How do we deal with these and which markets are safe?

I will take you through a breakdown of some of the most commonly traded markets and include some of their outside risk factors.

Planning ahead is so important in any facet of life. Whether you're planning an overseas trip for your family or planning out your working career, we've all had to plan ahead in life and it's essential in order to achieve our end goal. The Cricket World Cup which starts this week in New Zealand and Australia would have had many thousands of hours spent on it planning out every little detail. Clearly it's the level of planning that goes into an event such as this which makes it so successful. 

The start of another week is a great time to do a top down scan of the major markets you trade. Craig Cobb lets you look over his shoulder as he takes a look at the markets he likes the most for potential moves in the coming week. EURNZD is starting to look rather bearish with a potential flat level forming to the downside, USDJPY is looking strong if we can break above last week’s high and EURUSD is looking a little indecisive so Craig’s waiting to see if we get a strong move out of the current range. AUDJPY is looking bearish and Craig’s interested to see how the current daily candle closes. On the flipside of AUDJPY is GBPJPY which is starting to move higher and NZDUSD looks bearish if Fridays daily candle can get broken to the downside. Be sure to check out Craig’s video below if you want more detailed analysis of the charts mentioned.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.