Reading central bank statements

Reading central bank statements is valuable research. And not just the bullet points! For new traders, reading central bank statements brings you up to speed on global outlooks. Central banks…

Try anticipating some trades

Professional traders excel at anticipating a trade. As a result, professional traders are often in a trade earlier than retail traders. They predict a good run. In turn, the retail…

Trading involves loss, so accept it

It is inevitable and unavoidable. Trading will involve losses. However, you can still lose more trades than you win and make money! Whilst it is necessary not to fear loss,…

When in doubt, don’t trade

Sometimes in life, we can be uncertain about a big decision. In those times, often the best thing to do is just wait until things become clearer. Likewise in trading,…

Don’t add to losing trades

This is a very common mistake, an easy trap to fall into. You add even more to the losing position with the thinking that the original loss will be covered…

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.