Trading Global Markets Decoded

  This interview is a tour-de-force of how James Stanley became one of the most respected faces inside and outside of DailyFX over the years. Tyler sits down with James to cover his trading career and the lessons that have made James the trader and respectable person he is today. James also shares an equation that has kept him level-headed through multiple market environments. Follow James’ article via his DailyFX Bio: https://www.dailyfx.com/authors/bio/James_Stanley (https://www.dailyfx.com/authors/bio/James_Stanley?ref-author=QPID) Follow James on Twitter here: https://twitter.com/JStanleyFX (https://twitter.com/JStanleyFX) James Stanley has been an Active Trader of multiple markets including FX, ETF's, Equities, and Options.  James has seen and traded nearly all market types. James has further developed and refined his approach while working for some of the largest banks and brokerage houses in the United States. DailyFX has proudly showcased James as a model of how to approach markets with the right mental approach while keeping abreast of price action and when we send him abroad to speak to crowds, he is always a big hit. One little secret that I'm not sure James knows is that his book recommendations are some of my most coveted. In other words, if he's recommended it to me, I likely own the book in multiple formats. I've long respected James' trading, risk management, and unique way of teaching traders how to read price action amid the fundamental noise.  

It’s easy for traders to think of 'the trade' that will make or break their month, quarter, or year. Yet, at DailyFX, we have found that a process is the best way to put the odds in your favor. This show breaks down the three steps that we’ve identified ask critical in building a successful trading process that reduces the need for traders to rely on one event with an uncertain outcome as dictating success or failure that must be repeated over and over again. Interested to find out more about news and analysis of the market, Click here to visit our main website! (https://www.dailyfx.com/?ref-author=QPID)

The global FX outlook is rapidly losing clarity without certainty of the outcome of multiple key developments. The market’s prior trends that have lasted through quarters, and is some case years are in doubt. To start, the outcome of Brexit is increasingly a possible no-deal, Crude is now in a bear market, the Trade War has a new wrinkle thanks to US VP Pence, Fed Pricing in 2019 is showing Powell yielding to upcoming risks, and most recently, the golden child of corporate debt known as Investment Grade is seen by a few celebrity hedge fund managers as ground zero for the next source of unexpected losses. These are the key themes that we explain with a key market to watch uncovered at the end for you to watch as a gauge to see if any of the events are playing out as feared. Interested to find out more about news and analysis of the market, Click here to visit our main website! (https://www.dailyfx.com/?ref-author=QPID)

We all know by now that data can be incredible power and the insights it gives you can be unparalleled. A few years back DailyFX ran through 43 million live trades over the span of a year to find out what separated the likely profitable from the likely unprofitable. Our answer surprised even us as it’s easy to think that knowing were markets will likely be tomorrow as the key determinant of success. Rather we found that a simple risk: reward ratio can be the difference between only a 17% chance of being profitable at the end of 12-months vs. a 53% chance. If you’re a new trader or a struggling experienced trader, this is likely a show you can’t miss. Interested to find out more about news and analysis of the market, Click here to visit our main website! (https://www.dailyfx.com/?ref-author=QPID)  

Crude Oil has been in the spotlight alongside trade wars in 2018. The ~23% breakdown from four-year highs in early October was not without warning signs, and the sharp drop could be a sign of things to come if a drop in demand is the cause. Sr. Analyst, Tyler Yell, CMT walks the audience through the key factors for the drop in Crude and why a reversal may be hard to come by this time. Interested to find out more about news and analysis of the market, Click here to visit our main website (https://www.dailyfx.com/?ref-author=QPID)!  

The EUR/USD hit 16-month lows on Monday as the price fell to $1.1242 after a combination of events led traders to re-price what may be ahead. Key among the factors were the comments from Mario Draghi that “if things were to get worse, we can always extend the period of time, we can always change our forward guidance.” Much of the market’s view on EUR has been focused on Quantitative Tightening from the ECB and a possible move out of a zero-bound interest rate policy (ZIRP) in mid-2019. A change from this path compounded by Italian budget problems could keep EUR offered and USD bid. In other news, crude oil is a headline for all the wrong reasons. Last week, the major energy commodity entered bear market territory prompting OPEC to argue that a cut is necessary only for US president Trump to claim they should not do so as cheapening of oil may be risk positive (paraphrase on my part.) Lastly, a technical view shows that US Dollar bears should remain wary of jumping in too early as driving forces for a stronger US Dollar remain in play. Interested to find out more about news and analysis of the market, Click here to visit our main website! (https://www.dailyfx.com/?ref-author=QPID)  

After a wild month of October, DailyFX’s Chief Currency Strategist, John Kicklighter and Tyler Yell discuss where the market stands now and why traders should not count the market’s biggest trends dead in the water just yet. John offers insight on how he sources trades, and lessons he’s learned from his options trading and FX experience. John always brings great insight from unique data points to round out his views on the markets, and he shares a handful that can help solidify your market views as well. Interested to find out more about news and analysis of the market, Click here to visit our main website! (https://www.dailyfx.com/?ref-author=QPID)  

Traders are often quick to get emotionally involved in a trade, and that can have a lot to do with using too much leverage. Leverage magnifies losses and represents a key risk, and indeed our data and experience show that leverage is often misused and leads to very large losses. We studied 13 million real trades conducted by users of a major FX broker's trading platforms to look for important insights into the use of leverage. This show hits key points on trading well with insights on how excessive leverage can lead to outsized losses. Interested to find out more about news and analysis of the market, Click here to visit our main website!

Winston Churchill once said that there is nothing in life so exhilarating as to be shot at without result. Markets are still trying to discern whether or not the bullet of volatility and a tightening Federal Reserve hit with delayed effect, grazed and will leave the market limping, or missed only to leave investors dazed and confused for the short-term before animal spirits kick traders into buying mode again. Tyler Yell, CMT delves into key markets to discuss what traders should watch and how themes could expose that the bullet hit and the effect will be felt for months to come. Interested to find out more about news and analysis of the market, Click here to visit our main website (https://www.dailyfx.com/?ref-author=QPID)!  

DailyFX’s Sr. Currency Strategist, Christopher Vecchio, CFA has long been a source of clarity for traders and investors when geopolitics and markets collide. Chris shares how traders can approach US Midterms that hold big market implications while managing the risk and looking to the horizon for opportunities. Interested to find out more about news and analysis of the market, Click here to visit our main website (https://www.dailyfx.com?ref-author=QPID)!

October was a month in the making as multiple negative headlines that have been building up in prior months and quarters came to head. Bull’s would no doubt prefer to forget, or better yet, redo this month’s market action as multiple global indices are down 5-9%, with multiple commodities down aggressively while haven currencies and sovereign bonds were purchased. Market coverage can easily be a 24/7 affair, but his show is a 13-minute walk through that covers technical levels in FX and themes that traders will want to keep in mind as they could bring much bigger opportunities. Interested to find out more about news and analysis of the market, Click here to visit our main website (https://www.dailyfx.com?ref-author=QPID)!

If you’re like many other of DailyFX’s million+ reader’s a month, you’ve likely asked ‘why doesn’t DailyFX have a podcast?’ No we do! Sr. Currency Analyst & Trading Instructor ,Tyler Yell, CMT will introduce the scope of the show so you know what to expect. While many may see Trading Global Market’s Decoded as a DailyFX-lite given the incredible volume of insightful analysis on DailyFX, I think it’s better thought of as DailyFX-on-the-go. We understand that knowing what is happening in the market, how to trade, and who to listen to with worthy insight is important, but it is also difficult to take everything in as life goes progresses. The idea of the show is Applicable Market Intelligence Distilled to give you what is driving market in podcast form so you can be in the know while you’re on the go. Interested to find out more about news and analysis of the market, Click here to visit our main website (https://www.dailyfx.com?ref-author=QPID)!