Event Driven Futures Trader – Brent Nord

Published on March 26, 2020

Read Popular Study Top Searched Forex Event Driven Trading Resources, Event Driven Futures Trader – Brent Nord.

Topics:

1. Path to Profitable Trading
2. Trading News, Events & Tweets
3. Rules, Instincts & Guidelines
4. Developing an Edge
5. Mental & Physical Health

Guest:

Brent Nord
Trader

Record Date: 10/15/19

Rapid Fire:

Q. What Trader has influenced your life the most and why?
A. David Ellis

Q. What was one of the hardest things for you to overcome in Trading?
A. Learn how to not trade. Sit on my hands and not participate.

Q. How has your trading process evolved over the years?
A. Slow progression to define exactly what I do and to defining what my edge is and to do more of that.

Q. What is one attribute that you believe every trader should have?
A. Discipline

Q. Favorite Book about Trading?
A. Market Wizards

Q. If you had to pick a profession other than trading, what would it be?
A. Carpenter

Q. What’s the best advice you’ve received about Trading?
A. Make sure your losing trades aren’t for nothing. Turn that loser into a lesson.

Q. If you can give a piece of advice to the younger you, what would it be?
A. Don’t try to be someone you’re not.

Q. If you had to elevator pitch me your edge trading, what would you say?
A. I’ve had enough experience to know when the crowd is wrong and that is how I make my money is when the crowd is either off balance or when they’re just flat out wrong.

Q. Favorite thing to do when not trading?
A. Watch his kids play hockey ☺

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Brent Nord’s Resources:

•Email – brentnord@gmail.com

Futures Radio is a weekly talk show hosted by 20-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony talks with traders, CEOs, and other proven market participants about relevant trading and investing information.

https://www.FuturesRadioShow.com

Event Driven Futures Trader – Brent Nord, Forex Event Driven Trading Resources

Forex Event Driven Trading Resources, Event Driven Futures Trader – Brent Nord.

Spike Failures

Spike “failures” are equally as usual, if not even more, than spikes that proceed themselves. The reasoning behind is pretty simple: high frequency algorithms are trading right off the initial information release. As the information gets digested, reversal or extension is established as investors dedicate.

There’s not excessive to mention below from a technological point of view besides the reality of enjoying what happens circa the initial pullback in cost.

Volatility Is Not a Toy

Before we obtain also far, I’m actually going to quit. Why? Due to the fact that I recognize this idea can be gotten of context. I want to make certain I reiterate the key points below:

  1. True spikes that proceed are rare. If you’re trying to trade in the instructions of a spike, please refer to this post in terms of capturing major pullback retracement factors, yet utilize extreme care as well as make certain to carefully asses the circumstance well ahead of trading time. Just be prepared as well as utilize good sense.
  2. Spike reversals are equally as usual, if not even more, than spike continuations.
  3. When unsure, stay out. Gauging a sharp relocate cost is one thing, yet it is only one part of the equation.
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Undoubtedly, one of my subconscious goals for today was to just raise understanding regarding just how ill-conceived commonplace methods surrounding spike trading can be. Spike trading is probably the riskiest as well as hardest of all types of trading, yet for some reason an idea exists that makes it appears like an easy procedure.

Even more ahead on this subject … still beginning around these parts. Thanks for visiting as well as see you soon.

Event-Driven Investing

Event-driven Investing seek to essential analysis over technical charts to educate their choices. They’ll seek to gain from spikes caused by political or economic occasions, such asNon-Farm Payrolldata, GDP, work figures, as well as elections.

This sort of trading will certainly match an individual that likes to stay on top of world information, as well as that will certainly comprehend just how occasions can affect markets. Investigative, curious as well as forward-thinking, you will certainly be skilled at processing brand-new information as well as anticipating just how worldwide as well as localized occasions may play out.

If you pay attention to world occasions as well as value that those occasions may affect the money market, you might experience success as an “event-driven trader”.

Event-driven Investing seek to capitalise on volatility spikes caused by high-impact economic stats, elections as well as monetary plan. Event-driven investors incur considerable threats as they make educated choices based upon their own interpretation of worldwide occasions.

Aspiring event-driven investors may discover success with the following currency pairings:

AUD/USD
USD/CAD
EUR/JPY

Can you change your foreign exchange trading style?

No foreign exchange trading style need be fixed as well as there is every opportunity yours can change. You may be a scalper worried by short-termprice actionand seeking the free time discovered ready trading. Or, you could be a technological swing trader that intends to learn more about the principles of the events-driven approach.

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Whatever your style or goals, there is constantly a way to expand as well as develop, as well as test your ability on the marketplaces in brand-new means.

The Bottom Line:

Event-driven trading methods supply a fantastic means to take advantage of raising cost volatility, yet there are many threats as well as constraints to think about. When creating as well as carrying out these methods, it is necessary for investors to set up limited danger controls while offering sufficient room for the unstable circumstance to play out in the market. Ultimately, event-driven trading methods supply an useful arrow in the quiver of any active trader.

Read Latest Posts Top Searched Forex Event Driven Trading Resources and Financial market information, analysis, trading signals as well as Forex broker testimonials.


Risk Alert:

All items listed on our website StockTradeForex.com are traded on leverage which means they lug a high level of risk as well as you might lose greater than your down payments. These items are not ideal for all capitalists. Please guarantee you totally comprehend the threats as well as carefully consider your monetary circumstance as well as trading experience before trading. Look for independent suggestions if needed.


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