ARE YOU A TRADER OR A GAMBLER?
TRADER
1. Focuses on long-term growth, profitability, and consistency.
2. Has a valid trading plan and a back-tested strategy that they use use all the time and optimizes along the way.
3. Strictly obeys risk management principles and does not over-leverage their account.
4. Trades only when there are high-probability setups...
The US Dollar Index (also known as DXY or USDX) measures the value of the US dollar against a basket of foreign currencies. Therefore, it provides us with an insight into whether the dollar is strengthening or weakening compared to other major currencies.
This index has a positive correlation with currency pairs where the dollar is the base currency. Conversely,...