#Understanding Drawdown

[stockexperttrading]

Drawdown in Forex Trading with FTG

The blog titled "Drawdown in Forex Trading – Understanding and Managing Losses" delves into the concept of drawdown in forex trading, which refers to the decline in a trading account's equity from its peak due to a series of losing trades. The guide emphasizes the importance of effectively managing drawdowns to preserve capital, maintain confidence, and avoid impulsive decisions during challenging market phases. The blog explains the different types of drawdowns, including equity drawdown and maximum drawdown, and provides a simple formula for calculating drawdown percentages. It discusses common causes of drawdowns in forex trading, such as market volatility, unsuitable strategies, overleveraging, poor risk management, and external factors. The psychological impact of drawdowns on traders is highlighted, emphasizing the emotional toll they can take, leading to self-doubt and anxiety. The long-term effects of drawdowns on trading performance are explored, including capital erosion and missed opportunities. Strategies for managing drawdowns are extensively covered, including risk management techniques such as proper position sizing and setting stop-loss orders. Diversification and asset allocation, utilizing trailing stops, revisiting and adjusting trading strategies, and the importance of analyzing historical data are also discussed. The blog emphasizes the psychological aspects of dealing with drawdowns, including maintaining discipline, overcoming fear and greed, and the importance of keeping a trading journal for self-reflection and growth. The conclusion underscores that drawdowns are a natural part of forex trading and can be opportunities for growth rather than failures. It encourages continuous learning, adaptation, and using the support and resources provided by Funded Traders Global to navigate the challenges and successes of forex trading.

[dandelionsresilience]

Good News - June 15-21

Like these weekly compilations? Tip me at $Kaybarr1735! And if you tip me and give me a way to contact you, at the end of the month I'll send you a link to all of the articles I found but didn't use each week!

1. Victory for Same-Sex Marriage in Thailand

“Thailand’s Senate voted 130-4 today to pass a same-sex marriage bill that the lower house had approved by an overwhelming majority in March. This makes Thailand the first country in Southeast Asia, and the second in Asia, to recognize same-sex relationships. […] The Thai Marriage Equality Act […] will come into force 120 days after publication in the Royal Gazette. It will stand as an example of LGBT rights progress across the Asia-Pacific region and the world.”

2. One of world’s rarest cats no longer endangered

“[The Iberian lynx’s] population grew from 62 mature individuals in 2001 to 648 in 2022. While young and mature lynx combined now have an estimated population of more than 2,000, the IUCN reports. The increase is largely thanks to conservation efforts that have focused on increasing the abundance of its main food source - the also endangered wild rabbit, known as European rabbit. Programmes to free hundreds of captive lynxes and restoring scrublands and forests have also played an important role in ensuring the lynx is no longer endangered.”

3. Planning parenthood for incarcerated men

“[M]any incarcerated young men missed [sex-ed] classroom lessons due to truancy or incarceration. Their lack of knowledge about sexual health puts them at a lifelong disadvantage. De La Cruz [a health educator] will guide [incarcerated youths] in lessons about anatomy and pregnancy, birth control and sexually transmitted infections. He also explores healthy relationships and the pitfalls of toxic masculinity. […] Workshops cover healthy relationships, gender and sexuality, and sex trafficking.”

4. Peru puts endemic fog oasis under protection

“Lomas are unique ecosystems relying on marine fog that host rare and endemic plants and animal species. […] The Peruvian government has formally granted conservation status to the 6,449-hectare (16,000-acre) desert oasis site[….] The site, the first of its kind to become protected after more than 15 years of scientific and advocacy efforts, will help scientists understand climatic and marine cycles in the area[, … and] will be protected for future research and exploration for at least three decades.”

5. Religious groups are protecting Pride events — upending the LGBTQ+ vs. faith narrative

“In some cases, de-escalation teams stand as a physical barrier between protesters and event attendees. In other instances, they try to talk with protesters. The goal is generally to keep everyone safe. Leigh was learning that sometimes this didn’t mean acting as security, but doing actual outreach. That might mean making time and space to listen to hate speech. It might mean offering food or water. […] After undergoing Zoom trainings this spring, the members of some 120 faith organizations will fan out across more than 50 Pride events in 16 states to de-escalate the actions of extremist anti-LGBTQ+ hate groups.”

6. 25 years of research shows how to restore damaged rainforest

“For the first time, results from 25 years of work to rehabilitate fire-damaged and heavily logged rainforest are now being presented. The study fills a knowledge gap about the long-term effects of restoration and may become an important guide for future efforts to restore damaged ecosystems.”

7. Audubon and Grassroots Carbon Announce First-of-its-Kind Partnership to Reward Landowners for Improving Habitats for Birds while Building Healthy Soils

“Participating landowners can profit from additional soil carbon storage created through their regenerative land management practices. These practices restore grasslands, improve bird habits, build soil health and drive nature-based soil organic carbon drawdown through the healthy soils of farms and ranches. […] Additionally, regenerative land management practices improve habitats for birds. […] This partnership exemplifies how sustainable practices can drive positive environmental change while providing tangible economic benefits for landowners.”

8. Circular food systems found to dramatically reduce greenhouse gas emissions, require much less agricultural land

“Redesigning the European food system will reduce agricultural land by 44% while dramatically reducing greenhouse gas emissions from agriculture by 70%. This reduction is possible with the current consumption of animal protein. “Moreover, animals are recyclers in the system. They can recycle nutrients from human-inedible parts of the organic waste and by-products in the food system and convert them to valuable animal products," Simon says.”

9. Could Treating Injured Raptors Help Lift a Population? Researchers found the work of rehabbers can have long-lasting benefits

“[“Wildlife professionals”] tend to have a dismissive attitude toward addressing individual animal welfare,” [… but f]or most raptor species, they found, birds released after rehabilitation were about as likely to survive as wild birds. Those released birds can have even broader impacts on the population. Back in the wild, the birds mate and breed, raising hatchlings that grow up to mate and breed, too. When the researchers modeled the effects, they found most species would see at least some population-level benefits from returning raptors to the wild.”

10. Indigenous people in the Amazon are helping to build bridges & save primates

“Working together, the Reconecta Project and the Waimiri-Atroari Indigenous people build bridges that connect the forest canopy over the BR-174 road[….] In the first 10 months of monitoring, eight different species were documented — not only monkeys such as the golden-handed tamarin and the common squirrel monkey (Saimiri sciureus), but also kinkajous (Potos flavus), mouse opossums (Marmosops sp.), and opossums (Didelphis sp.).”

Bonus: A rare maneless zebra was born in the UK

June 8-14 news here | (all credit for images and written material can be found at the source linked; I don’t claim credit for anything but curating.)

[centrally-unplanned]

I wanna get this one out before the election since I think that is going to "cast in stone" some takes when it shouldn't given how much of a coinflip it is; Biden really fumbled the ball in the second half of his presidency. I was very pro-Biden at the beginning, I thought he did a great job. I don't think the stimulus was a huge source of inflation and meanwhile the economy came back roaring; obviously not mainly due to him but he did a good job on renewing Jerome Powell (a Trump appointee!) to the Fed, controlling the Strategic Oil Reserve, and "getting out of the way" on a bunch of issues from trade to Covid policy. His environmental policy around the energy transition was stellar, I approve of CHIPS, etc. And in foreign policy he is never going to get the credit he deserves for ending the Afghanistan debacle, and meanwhile the US response to the Russian invasion of Ukraine was about as good as you could possibly expect it to be out the gate.

He actually proved the haters wrong on his promise to "get things done in Congress" using his expertise - he did in fact get bipartisan bills passed and work with centrists like Manchin to get party bills over the line. It was a solid showing; I thought he was clearly better than Obama & Clinton.

But as time went on the wheels really came off. You can almost see the "ideas" running out, like once they had done the Covid drawdown and BBB/IRA, and the midterms made congress more unfavorable, "what's next?" left a void. There was a bunch of bad "party handout" stuff that is completely at odds with how things work today. Foolish moves like the student debt relief - unpopular, unwise in an inflationary environment, a handout to the wealthy, and dubiously legal - or all the kowtowing to the worst unions in the US that still resulting in declining labor vote share! A lack of follow-through on the bills showed the admin's lack of policy chops; the IRA is severely hampered by the lack of permitting reform for energy projects, but the admin applied virtually no pressure to making that happen because, eh, not their vibe I guess? The huge holes in procurement that Ukraine war exposed has been met with very tepid responses as well, just a sort of "throw money at it" default that has fixed little.

Israel is of course peak inertia. I am a realist, I understand fully that there is no world where the US responds to a terrorist attack on an ally by cutting them off - and I think the Biden admin has had its wins in this category, the amount of aid entering Gaza is certainly higher due to US pressure. But it is just embarrassing how obviously Biden himself treated Netanyahu and co as like, credible partners, when they just aren't? Again, Trump would just happily support them doing w/e no matter how many the killed, it wouldn't be embarrassing for him to watch that happen. For Biden, with his stated goals, it is weakness. He could have easily done better.

And we can't ignore the responsibility to the next generation - it is your job as President to set up your successor for victory. Immigration is a classic policy example of that dropped ball - a fear of seeming "Trump-like" in the face of an unsympathetic electorate and an admin itself not actually committed to massive increases in admitted asylum cases. It would be one thing if it was Biden's hill to die on, but it wasn't; just years of muddle before finally doing in ~2024 what they could have done in ~2021, too late to move the needle on the backlash.

Which leads us to the elephant in the room, as all things must. He did end his nomination in the end, again I don't think he is some awful president. But he took a lot of heavy pressure to get there. And the weirdest thing is...he is the one who scheduled a debate before the convention? That isn't normal! It was very obviously a test, to show he was fit - and he failed it. And then refused to admit it. What if George Clooney didn't aim for his head in the press at the 11th hour? What if Nancy Pelosi didn't bring out the big guns? Would he have not bowed down to reality?

And while I have been quite impressed by Harris's campaign so far, and not having a primary has been an advantage, it has still been very rushed. Orgs take time to emerge, you can't actually just snap your fingers and get 30 interviews booked or a docket of vetted VPs. I think Tim Walz a mistake, personally! Not a big one, but a weak choice when someone like Josh Shapiro is right there and "pivot to the center" is your stated strategy. But it is hard to blame her when she probably threw it together in a few weeks while also doing 20 stump speeches a month and debate prepping and all that! I can't say that specific decision would change, but others would. Hell, time could have helped - her favourables in a ton of categories have slowly been ticking up, if she was the candidate since January things could be different. We will never know of course, but the more distance from Biden the better.

I think in 2023 and 2024 it is in fact very hard to find any solid wins for the Biden administration. I can think of a few but they outnumbered handily by the missteps. And I think that, if Kamala wins, a lot of this is going to be papered over. All the political missteps will be like "eh, who cares! We won, right?" But that is not how effective strategy works. For one, if Kamala wins it is only because Trump is the opponent; a normie Republican would probably have trounced her. But more importantly your strategy should pretty much never be "eh whatever" to maximizing your electoral odds. Every action should either be A: this will keep us winning, or B: this won't but it will make the world a better place and so it is where we are spending our points. Biden has had a lot of "neither option" these past two years; too many, in my opinion, to be considered a good president anymore.

But I will give him decent at least, it is a tough job!

[t-top-apologist]

At the end of the day the average civilian wishes to be catered to like an old money steel baron or perhaps one of those chaps from Downton Abbey. The entirety of modern society has come together to enable this, mass-producing cheap facsimiles of fortunes that should rightly either be built on child labor or perhaps serfdom.

Their lawns, taking up what could otherwise be used to grow crops or serve as "outdoor garage space," exist to ape the wide ranging estates meant for the nobility to chase down a fox while adorned in silly jackets. Their houses sport columns and stupid windows meant to imitate three different classical artforms at the same time because of something called "economies of scale." They even have male-centric social clubs meant for parlour games, discussing sports, and dining with friends, in this case franchised out under such names as "Buffalo Wild Wings."

This aping of the upper class continues to the hire of "artisans" to do relatively simple work deemed too complicated to warrant the time of the average citizen. It's not that the jobs are too taxing for your average person, but rather that the market has crystallized around the desire to live like budget royalty. Therefore they take their wafer-thin computers to artisans (now more commonly called "experts" or "Apple geniuses") for repair and have democratized the position of carriagemen to 22 year old dealership lube techs named Ryan who will turn a 15 minute job into a 30 minute endeavor thanks to frequent vape breaks and a brief brush with what the industry refers to as "a misplaced drain bolt."

The mid-40s project manager and mother of 3 is no less competent when changing oil than her grandfather before her who knew what "Valve Lash" is, but what separates the two is a series of wars in the 1900s that required an entire generation of men to become very familiar with operating and repairing machines better than the Germans and Japanese (an exercise that Chrysler would later abandon in favor of the phrase "if you can't beat em, join em").

This conflict ended with a surge of able-bodied men finding themselves returning to their project management jobs (like their granddaughters after them) but armed with captured German weapons and a comprehensive understanding of tubochargers. Just as a line can be drawn from troop drawdowns to political violence, there's a distinct correlations between GIs returning home and the violence with which Ford Flathead V8s were torn apart by inventive supercharging methods paired with landspeed record attempts.

Give a man a racecar and he'll crash it on the salt flats in a day. Teach a man to repair a racecar and it will sit in the garage of his suburban house for a few years in between complete engine rebuilds required by what can only be described as "vaporized piston rods."

Of course this hotrodder generation created the circumstances we live in today, as the market saw their fast cars cobbled together from old prewar hulks and simply stamped out new ones from factory, faster and more convenient for the next generation than building one from scratch. Now the project manager mother of 3 drives a 4wd barge with climate controlled seats boasting more computing power than the moon mission and an emissions-controlled powertrain with more horsepower than her grandfather's jalopy and her fathers factory muscle car combined. And she doesn't care at all.

Yet Amongst the average civilians there walks a rare breed: people who know how to change their own oil. We the chosen move among you silently, bucking the system, operating outside the cultural helplessness and trading in forbidden knowledge in almost-abandoned forum threads (flame wars over conventional vs synthetic).

While we do have a marked air of superiority about this, I can't say I haven't stooped to imitating the rich myself. I've been known to wear a silly jacket from time to time.

[reasonsforhope]

Sorry, im kinda freaking out beacuse i read on positive news that the un published a paper saying the earth might warm up above 3° degrees if we dont take massive action :(

I thought the predictions were now between 1,5° and 2 ? Sorry for my bad english it's just upsetting

I totally get it. Of course that's upsetting.

As for the predictions, the thing is, there are a bajillion variables in these models - around human action, around different country's actions, and around all of the many, many, many things about the weather and ecosystems that we don't understand.

For scientists, part of their job is modeling and predicting the entire realm of possibility.

You're right that most people/sources don't think warming will get that high anymore. Core predictions are right now mostly between 1.5 and 2.5, with a lot of mainstream predictions saying that if we stay on the current path, we'll likely end up peaking around 2.3 degrees. Which would suck, admittedly! And 3 degrees or a bit more is still within the realm of possibility, which also sucks!

For what it's worth, though, I genuinely think we'll be able to keep warming under 2 degrees. To my research/understanding, right now 3 degrees is possible but a lot less likely - one of the less likely predictions in general, or else a lot more scientists would be saying 3 degrees, and we'd all hear that number all over the place and be scared.

Edit: I did find the UN report that the article was presumably referencing. And yeah, I hate to see it. But again: WE DO NOT KNOW FOR SURE. Iirc the last IEA report said we're on track for 2.3. The exact methodology and models can change a lot about the end result, so it's very common for reports to disagree, and at this point, I do think "over 3 degrees" is an outlier. And that's if we stay on the current track - WHICH IS EXTREMELY UNLIKELY, BECAUSE WE'RE GETTING BETTER AND FIXING MORE THINGS WITH EVERY YEAR

Anyway, here's why it's no longer likely that we'll hit or surpass 3 degrees of warming, and why you can and should still have hope.

Climate change is growing exponentially. We know for a fact now that renewable energy, electric vehicles, costs of renewable energy, etc. are all improving way, way faster than ever before. And they're going to keep doing that. Over the rest of the decade, I genuinely think we're going to make so much more progress, so much faster, than models are currently predicting. Partly because we've only in the past couple years gotten proof that these paths ARE exponential. x, x, x, x, x

It would be super irresponsible of climate scientists and energy watchdogs to be optimistic with their numbers/outcomes. They KNOW how many politicians and oil companies would swoop in the SECOND there were . claims that we'll be fine without doing more, actually. Their job is to always make sure that someone is including the worst case scenarios, and that they don't start giving more optimistic numbers unless they're really, truly, completely confident in those numbers and improved models

The peak temperature we reach is NOT the temperature that we'll be stuck at forever. As we keep putting carbon back into ecosystems and restoring nature, we WILL take more carbon dioxide out of the atmosphere, which WILL let the planet start to cool back down again, as less carbon dioxide is in the air to trap heat, and more of it will go back to escaping into space. This probably won't be immediate after we hit net zero emissions, but if we drawdown enough carbon, it will happen. x, x, x

This article, posted by Positive.News, November 13, 2023

[sustainabilitythoughts]

100 solutions to global warming

This TED talk from 2018 discusses the research and conclusions from Project Drawdown.  Drawdown is when concentrations of CO2 in the atmosphere begin to decline on a year-to-year basis. The Project Drawdown organization has been evaluating a variety of solutions for both reducing CO2 emissions and removing CO2 from the atmosphere.  100 solutions are described in the book that summarizes their research and evaluation.  You really need to watch the video to get a good understanding of their work, but here are a few highlighted quotes from the video. 

“We would want to implement these solutions whether or not global warming was even a problem, because they have cascading benefits to human and planetary well-being.” “When we implement these solutions, we shift the way we do business from a system that is inherently exploitative and extractive to a new normal that is by nature restorative and regenerative. We need to rethink our global goals, to move beyond sustainability towards regeneration, and along the way reverse global warming.”

“What surprised us, honestly, was that eight of the top 20 relate to the food system. The climate impact of food may come as a surprise to many people, but what these results show is that the decisions we make every day about the food we produce, purchase and consume are perhaps the most important contributions every individual can make to reversing global warming.”

“A plant-rich diet is not a vegan or a vegetarian diet, though I applaud any who make those choices.  It's a healthy diet in terms of how much we consume, and particularly how much meat is consumed. Moreover, approximately a third of all food produced is not eaten, and wasted food emits an astounding eight percent of global greenhouse gases.”

“The single most impactful solution, according to this analysis, would be refrigeration management, or properly managing and disposing of hydrofluorocarbons, also known as HFCs, which are used by refrigerators and air conditioners to cool the air.”

“Rooftop solar comes in ranked number 10.”

[starseedfxofficial]

The Machine Learning Algorithm That Can Save Your Forex Trades from Going South Picture this: You're at your computer, sipping on that third cup of coffee, staring at your screen like it owes you money. You've got your eye on a promising Forex trade, and things are looking good – until suddenly, it all starts heading south faster than a jet ski on turbo. If you've ever found yourself scrambling to hit that elusive 'sell' button, wondering how it all went wrong, let me introduce you to a little secret: machine learning algorithms combined with a trailing stop loss could be the key to a better night's sleep (and maybe fewer cups of coffee). This isn't your average, run-of-the-mill Forex trading strategy; we’re talking next-level techniques that blend cutting-edge technology with a classic risk management tool. Buckle in (but don't worry—this isn’t the type of buckle up that screams “danger”). We’re about to deep-dive into a powerful combination that will make your trades feel like they’re driving with cruise control on a smooth highway. The Hidden Genius of Machine Learning Algorithms in Forex Machine learning isn't just for tech gurus and science fiction nerds anymore; it's reshaping the Forex market in ways that most retail traders don’t even know about. While the rest of the crowd is busy chasing lagging indicators or flipping coins to guess market trends, savvy traders are using machine learning to anticipate moves and manage risks in real time. Think of machine learning as your all-seeing oracle—it learns from historical data, spots patterns you wouldn’t even dream of noticing, and adapts faster than you can say, “Should I have really bought those meme stocks?” When combined with a trailing stop loss, the result is a strategy that not only aims for gains but also knows how to get out gracefully when things go sideways. A trailing stop loss, if you’re new to the term, is like having a safety net that moves up with you when your trade is winning, but never down. It's that invisible friend who taps you on the shoulder and says, “Hey, things are going well, but let’s be smart here.” The goal? To lock in those gains and protect against reversals. Advanced Ninja Tactics: Machine Learning Meets Trailing Stop Loss Alright, here’s where we get into the juicy part. Most traders either stick with static stop losses or just eyeball their trades and hope for the best. But let’s face it—hoping isn’t a great risk management strategy. Instead, by integrating machine learning with a trailing stop loss, you’re equipping yourself with a serious edge. Here’s how it works: Machine learning algorithms can analyze past data to understand volatility patterns, helping you decide where to set that trailing stop loss—dynamically. In other words, you’re not just setting a fixed percentage or number of pips; you’re setting a stop loss that adapts to market conditions. Did volatility just spike due to some economic news? Your stop loss algorithm adjusts accordingly. Is the market moving predictably in your favor? Your stop shifts upward to secure more profit, inching along like your cat trying to reach that snack on the counter. Proven Technique: One hidden trick that few traders talk about is using support vector machines (SVMs) to analyze optimal trailing stop levels. An SVM can separate price movement into classes, identifying those sweet spots where a trailing stop is most likely to keep you safe while maximizing profit. According to a recent study from the Bank for International Settlements (BIS), traders using adaptive trailing stops saw a reduction in average drawdown by over 20% compared to static stops. Why Most Traders Get It Wrong (And How You Can Avoid It) Let’s be real—many traders get so excited about getting into a trade that they forget to plan how to get out. We’ve all been there: the market spikes, you’re in the green, and suddenly it tanks, leaving you to ponder your life choices like someone who just bought a smoothie blender they didn’t need. Here’s the rub: exits matter just as much as entries. Machine learning algorithms can make your trailing stop losses smarter, but there’s a common mistake that traders make—they set trailing stops too tight. Imagine running a marathon and having someone yank your shirt every time you take a longer stride. That’s basically what happens when you set a trailing stop loss too close—it stifles the trade and makes sure you’re out before the real gains happen. Instead, let your machine learning model do the hard work. By analyzing typical market behavior, it can recommend a stop loss distance that allows your trades room to breathe—enough to ride out small retracements without prematurely closing out. According to John Bollinger, a respected figure in the trading community, trailing stops combined with ML-driven analysis allow for a more 'organic' risk management style, where traders capture true upside while protecting themselves. The Forgotten Strategy That Outsmarted the Pros If you're wondering whether this strategy is just for nerds with PhDs or pro hedge funds, think again. In 2023, retail trader Melissa Thompson (no affiliation to any hedge fund) shared her experience with a small online trading community. Using basic Python and open-source machine learning libraries, she created a model that analyzed her typical trade lifespan and paired it with a trailing stop strategy. The result? A 15% increase in annual profit, and—just as important—a lot less anxiety. Melissa’s secret was simple: she fed her model a mix of historical price data, economic indicators, and sentiment analysis from Twitter (yes, Twitter!) to predict optimal points for adjusting her trailing stops. By doing this, she was able to adapt her risk management dynamically in a way that beat out even some pro strategies. How to Predict Market Moves with Precision Another hidden opportunity when using machine learning with trailing stop losses is the ability to predict major market movements based on sentiment analysis. We all know the impact of big events—earnings reports, political announcements, or Elon Musk deciding he likes a new kind of cryptocurrency. But not everyone knows that you can actually train a model to gauge the likelihood of these events causing significant shifts. Using natural language processing (NLP) to analyze news and social media chatter, your ML model can make predictions about upcoming volatility. Pair this with your trailing stop loss strategy, and you're no longer blindly walking through the Forex market—you’re a trader with eyes on the back of your head. If you don’t have the resources to build your own machine learning model, don’t worry. There are tools and platforms out there that provide similar data. For example, the StarseedFX Smart Trading Tool offers insights into dynamic order management, incorporating adaptive stops that align perfectly with what we’re discussing here. But What’s the Catch? Of course, it’s not all sunshine and rainbows. Machine learning models are only as good as the data they receive. Feed it poor-quality data, and it’s going to make poor decisions—garbage in, garbage out, as the saying goes. Furthermore, trailing stops, while excellent for risk management, are not foolproof. Markets can gap over your stops, especially during periods of major news events. That’s why it’s crucial to use these tools in tandem with good old common sense and other risk management practices. If you want a little help getting started, why not check out our Forex Education Center for more advanced methodologies or join the StarseedFX community to dive into live trading sessions, insider tips, and a ton of valuable resources? We also offer a Free Trading Plan to help you put these methods into action without the guesswork. Don’t Just Trade, Trade Smart So there you have it—the advanced strategy of combining machine learning algorithms with trailing stop loss to give your trading that extra edge. While most traders stick to the beaten path, you now have the insider knowledge to take the road less traveled—one filled with predictive insights, adaptive risk management, and hopefully, fewer sleepless nights. Remember: Trading isn’t just about entries; it’s about managing what happens afterward. Machine learning helps you do that, and trailing stops help you do it with finesse. If you’ve ever watched your profit turn into a loss and wondered what went wrong, maybe it’s time to let algorithms give you a helping hand. Got questions? Want to share your own trading experiences with machine learning or trailing stops? Drop a comment below or join our community. Let’s make smarter trading decisions together. —————– Image Credits: Cover image at the top is AI-generated   Read the full article

[wigilham]

How do I pass the Forex prop firm challenge phases?

Passing the Forex prop firm challenge phases requires strategy, discipline, and a clear understanding of the requirements set by the firm. Here's a comprehensive guide to help you succeed:

1. Understand the Rules and Objectives

Profit Targets: Know the percentage you need to achieve in Phase 1 and Phase 2.

Daily Drawdown: Understand the maximum amount you can lose in a single day.

Overall Drawdown: Keep track of the total loss limit for the challenge.

Trading Period: Be aware of the time frame for each phase and plan accordingly.

2. Develop a Solid Trading Plan

Define your risk-reward ratio for every trade.

Stick to a specific trading strategy you’ve tested (e.g., scalping, day trading, swing trading).

Avoid overtrading by setting a daily trade limit.

3. Use Proper Risk Management

Risk only 1-2% of your account per trade to stay within drawdown limits.

Avoid revenge trading—stick to your plan even after a loss.

Set stop-loss and take-profit levels for every trade.

4. Trade During Optimal Hours

Focus on high-volume trading sessions (e.g., London or New York sessions).

Avoid trading during low-liquidity periods or major news releases unless your strategy is designed for volatility.

5. Keep Emotions in Check

Stay calm and focused even if trades go against you.

Take breaks to avoid emotional decisions after consecutive losses or wins.

6. Leverage Technology

Use tools like signal copiers or expert advisors (EAs) designed for prop firm challenges.

Backtest your strategies using historical data.

Consider using trade journals to analyze your performance and identify areas for improvement.

7. Avoid Common Mistakes

Don’t overleverage to achieve profit targets quickly—it increases the risk of hitting drawdown limits.

Avoid trading too many instruments; specialize in a few that you understand well.

8. Simulate the Challenge

Practice on a demo account with rules similar to the prop firm's challenge to test your readiness.

9. Stay Updated

Monitor market news and economic events that can impact your trades.

Be flexible and adjust your strategy as needed based on market conditions.

10. Reassess and Adapt

Review your trades daily to identify mistakes and successes.

Continuously refine your strategy to align with the challenge requirements.

Passing the prop firm challenge is a test of skill and discipline. Stay consistent, and don't rush the process. Remember, the goal is not just to pass but to prove you can trade profitably in a real account environment.

[zedplusau]

Home Construction Loan: Expert Guidance from ZedPlus

Building your dream home is an exciting journey, but it requires careful financial planning to ensure success. A Home Construction Loan can be a practical solution to fund your project. With ZedPlus, you receive expert advice tailored to your unique financial situation, helping you navigate the complexities of construction loans and make informed decisions.

Understanding Home Construction Loans

Home construction loans differ from traditional mortgages. Instead of financing an existing property, they provide funding in stages as the construction progresses. These stages may include land purchase, foundation laying, framing, and final completion. This staged approach ensures you pay interest only on the funds drawn, offering flexibility and efficiency throughout the building process.

However, the variety of loan options and terms can be overwhelming. This is where ZedPlus steps in. As experienced advisors, we guide you through the entire process, from understanding loan structures to identifying lenders offering competitive rates and terms.

Benefits of a Construction Loan

Customized Drawdowns: Funds are released as needed, reducing interest costs.

Flexible Repayment Terms: Tailored repayment options that suit your financial capacity.

Interest-Only Payments: During construction, you typically pay interest only on the disbursed amount.

Potential Tax Benefits: Depending on your circumstances, construction loans may offer tax advantages.

ZedPlus helps you evaluate these benefits in the context of your financial goals, ensuring that the loan structure aligns perfectly with your needs.

Key Considerations When Choosing a Loan

When selecting a home construction loan, it’s essential to evaluate:

Loan Terms and Interest Rates: Understanding fixed, variable, or split-rate options.

Loan-to-Value Ratio (LVR): Assessing the lender’s requirements and your equity contribution.

Construction Timeline: Ensuring your loan aligns with your project schedule.

Additional Costs: Factoring in fees such as inspections, valuation, and administration.

At ZedPlus, we assist in analyzing these factors, offering insights that empower you to choose the best loan for your project.

Why Choose Expert Guidance?

Navigating construction loans without adequate knowledge can lead to costly mistakes. ZedPlus provides professional advice based on your specific circumstances, helping you:

Avoid common pitfalls.

Understand eligibility requirements.

Maximize savings through smart financial planning.

Our commitment is to support you in achieving your home-building goals with confidence and clarity.

Plan Your Dream Home with ZedPlus

Embarking on the journey of constructing your home is a significant milestone. With the right financial advice, you can make the process smoother and more rewarding. Visit Home Construction Loan for valuable resources and insights.

Let ZedPlus be your trusted partner in turning your vision into reality.

[ppoo007007]

The Role of Mortgage Brokers in Securing Construction Loans

Securing a construction loan for a new development or renovation project can be a complex process. From assessing the borrower’s financial situation to navigating the specific terms and conditions that come with such loans, the path to approval can be overwhelming without the right guidance. This is where mortgage brokers Sydney step in, offering their expertise to simplify the loan process and increase your chances of approval. Whether you’re a developer looking to build commercial property or a homeowner planning a renovation, the best mortgage brokers in Sydney can tailor construction loan options to meet your specific needs. They understand the complexities involved in construction finance, making them invaluable partners throughout the process. How Mortgage Brokers Sydney Help Secure Construction LoansExpertise in Construction Loans Mortgage brokers Sydney specialize in all types of loans, including construction loans. These types of loans are unique compared to standard home loans or commercial property loans. Construction loans typically operate on a progressive drawdown basis, meaning the funds are released in stages as the construction progresses. Navigating this structure requires in-depth knowledge, as lenders evaluate not just the borrower’s financial status but also the feasibility and costs of the construction project. The best mortgage brokers in Sydney have the expertise to present your loan application in a way that appeals to lenders, ensuring that all aspects of your project and financial situation are well-documented. Access to Multiple Lenders One of the significant advantages of working with mortgage brokers Sydney is their extensive network of lenders. Each lender offers different construction loan products with varying terms, fees, and interest rates. The ability to compare multiple loan options is essential when dealing with construction finance because some lenders may specialize in certain types of projects, like residential construction or commercial property loans. A mortgage broker can save you the time and hassle of researching different loan products by sourcing the best options that align with your project’s needs. With their knowledge and connections, they can negotiate better terms and rates on your behalf, ensuring you secure the most favorable loan for your construction project. Tailored Loan Solutions Each construction project is unique, whether it’s a single-family home or a large commercial development. A one-size-fits-all approach simply doesn’t work when it comes to construction loans. The best mortgage brokers in Sydney take the time to understand the specifics of your project—its budget, timeline, and the type of property involved. Based on this, they tailor loan options to ensure the finance solution matches the project's scope and your financial capacity. This customized approach ensures that the loan structure meets your needs at every stage of the construction process, reducing the likelihood of financial shortfalls or delays.

Simplifying the Loan Process Applying for a construction loan can be more complex than applying for standard home loans or commercial property loans. With so many steps involved, from project planning to the final drawdown of funds, borrowers often find the process time-consuming and stressful. Mortgage brokers Sydney simplify this process by handling much of the legwork. They ensure all necessary documentation is submitted accurately and on time. They also liaise with lenders and communicate the progress of your application, keeping you informed at every stage. By partnering with the best mortgage brokers in Sydney, you can reduce the stress associated with securing a construction loan, knowing that you have an expert working on your behalf. Maximizing Loan Approval Chances Securing a construction loan requires more than just meeting the lender’s financial requirements. Lenders also evaluate the scope of your project, the reliability of your builder, and whether the proposed costs align with current market conditions. With their industry knowledge and expertise, mortgage brokers Sydney help position your loan application for approval. They can advise you on the type of information to include in your application, ensuring that your project appears viable and the costs are reasonable. In doing so, they maximize your chances of receiving approval and obtaining the funds you need to bring your construction project to life. Conclusion Securing a construction loan can be a complicated process, but mortgage brokers Sydney make it simpler and more accessible. With their expertise in construction finance, access to multiple lenders, and tailored loan solutions, brokers play a crucial role in ensuring you find the right loan for your construction project. By working with the best mortgage brokers in Sydney, you can reduce the stress and uncertainty of the loan application process and maximize your chances of success. If you’re ready to secure a construction loan for your project, Efficient Capital is here to help. Reach out to us today for expert advice and tailored solutions that meet your construction finance needs.

[loaneasyhome]

Construction Loans for Knockdown and Home Rebuilding

Starting fresh is often the best option for homeowners facing structural issues, outdated designs, or needing more space. A knockdown and rebuild can be ideal, but financing may be complex. Here’s a guide to help you understand how to finance your rebuilding project with construction home loans in Melbourne.

What is a Knockdown and rebuild? A knockdown is the process of demolishing an existing structure to make way for new construction. Homeowners may choose this option when their current home no longer meets their needs, allowing them to create a space that better aligns with their lifestyle.

A rebuild involves constructing a new home on the site of a demolished structure. This process lets homeowners design a space tailored to their specifications, featuring modern amenities and energy efficiency, while allowing them to remain in a familiar location. Construction Loan Process Building your dream home is an exciting journey, and securing the right construction loan is crucial. A construction home loan expert can provide insights into your specific situation. Here’s a guide to the application process and key considerations with construction home loans in Melbourne.

Application Process: To secure a construction loan, consult a construction home loan expert who can assess your eligibility of getting a construction home loan in Melbourne. They will evaluate your financial situation, including income, credit history, and the projected value of your project.

Valuation and Documentation: Lenders may require a property valuation to assess its current and projected value after construction. You'll need to submit documentation like building plans, builder contracts, and necessary permits.

Loan Approval: If approved, the lender will provide a loan offer outlining the terms, including the loan amount, interest rate, repayment period, and any fees related to construction home loans. Loan Drawdown: Unlike traditional home loans, construction loans are disbursed in stages, called progress payments, at specific milestones—typically five stages.

Interest Payments: During construction, you'll usually make interest-only repayments on drawn funds, keeping monthly payments lower. The interest rate may be variable or fixed, depending on your lender's terms. Inspections and Certifications: Before each progress payment, lenders require inspections to ensure the work meets agreed-upon plans. Once completed satisfactorily, funds are released for the next stage. Can You Rebuild with an Existing Mortgage? Yes, you can pursue a knockdown rebuild with an existing mortgage. Review your current mortgage for any restrictions regarding property modifications. Consult a construction home loan expert for guidance and explore options like refinancing or modifying your loan for the new construction.

A knockdown and rebuild project allows homeowners to create a tailored living space. While financing can be complex, a construction home loan expert can assist you in securing construction home loans in Melbourne. Staying informed throughout the process is key to successfully transitioning to your dream home.

[duncan543776]

Financial Planning After Retirement

Actually, the best investments for expats in Singapore points out that retirement planning now becomes a priority for most people by their late forties, even if they plan retiring early in their 50s. In this critical phase of life, everything decided upon at present influences future financial security. Therefore, professionals must plan very carefully and remain economically stable to achieve a life free in the later years of their lives. If you plan to retire early during the 50s, read ahead and explore some of the essential financial planning steps that would guide you to retire. 

Objectives are important

Begin this financial planning by visualizing your retirement. What would you want your life to be like in retirement? Are there any hobbies, traveling or significant occurrences with friends and family? Your goals for your finances will guide your choices.

Evaluate your present situation

Look at where you are today. Think about your current financial state. Calculate your net worth: that is what you own, typically investments, property, and savings. Now, also consider your liabilities - for example, debt.

Review all sources of income, including returns from investment and pensions. Now, add them all together, and then meet a financial planner who will give you a cash flow analysis you can review each year. From then, you will be able to understand your financial situation better. Such comprehension will enable you to position and realign the finances with the goals. Build pension pots

In the professional life, you might have worked for different companies or even countries and gathered various pension pots. It is very important, therefore, to gather information about all these different pensions.

This consolidation of pensions will allow you to track and monitor them more effectively. Consult an expert that specializes in financial advice for British expats to discuss whether it would be beneficial to consolidate all your pensions into one scheme. It is worth considering this because it will give you better control over the money allocated for your retirement. Identify your retirement income options

You will find you need professional guidance in determining how you can access your pensions. The options include one or both of the following: income drawdown, or annuities. Boost your occupational contributions

It is even better to boost your pension contributions when you're still working. You take advantage of tax benefits and employer matches. The contribution you make today will be what funds your income after retirement.

Make a decision on where you want to retire

There is the ability to retire abroad, downsize or live closer to family. However, all of these decisions will come with a financial cost as selling or buying a house is indeed a very life-changing event.

[basicfinanceloan]

Unlocking Opportunities with Property Development Finance

In today’s dynamic real estate market, the potential for profitable property development is greater than ever. However, realizing these opportunities often requires substantial financial backing. This is where Property Development Finance comes into play, serving as a crucial tool for developers looking to turn their visions into reality.

What is Property Development Finance?

Property Development Finance refers to various funding options specifically designed to assist developers in acquiring and developing properties. Property Development Finance This type of finance can cover everything from the purchase of land to the construction of residential or commercial buildings. It's tailored to meet the unique needs of property developers, making it an essential resource in the industry.

Types of Property Development Finance

Development Loans: These loans are typically short to medium-term and are intended for financing the construction and development process. They can cover costs related to land acquisition, construction, and even project management expenses.

Construction Loans: Specifically designed for the construction phase, these loans provide the necessary funds to cover labor, materials, and other associated costs. They often have a drawdown structure, allowing developers to access funds as needed throughout the project.

Equity Financing: For larger projects, developers may consider equity financing, where investors provide capital in exchange for a share of the profits. This can be an effective way to fund significant developments without taking on large amounts of debt.

Benefits of Property Development Finance

Increased Cash Flow: Property development finance allows developers to manage their cash flow effectively, ensuring they have the necessary funds at each stage of the project.

Flexibility: With various financing options available, developers can choose the structure that best fits their project’s needs, whether it's a short-term loan or long-term equity investment.

Access to Larger Projects: By leveraging property development finance, developers can take on more substantial projects that might otherwise be out of reach.

How to Secure Property Development Finance

Securing property development finance involves several key steps:

Prepare a Solid Business Plan: Lenders want to see a well-structured business plan that outlines the project scope, budget, timeline, and expected returns.

Understand Your Financial Position: Knowing your credit score and overall financial health will help in negotiations with lenders.

Research Lenders: Different lenders offer various terms and conditions. It’s crucial to shop around for the best fit for your project.

Present Your Proposal: Once you have identified potential lenders, present your business plan and proposal clearly and professionally.

Conclusion

Property development finance is a vital resource for developers aiming to make their mark in the real estate industry. Property Development Finance With the right financing, you can unlock opportunities that lead to substantial profits and successful projects. For more information on Property Development Finance and to explore your options, visit Basic Finance Loans.

[elitevantagemarkets]

Forex Trading Challenge

Is a Funded Trader Program Right for You? Here’s How to Decide!

The trading world is filled with opportunities, but it also comes with significant risks, especially when managing your capital. Participating in a funded trader program can be enticing for many aspiring traders. 

These programs offer traders the chance to trade with someone else's money, keeping a portion of the profits without risking their capital. But is a funded trader program the right choice for you? 

This article is designed to help you consider the important factors in making a decision.

What is a Funded Trader Program?

A funded trader program is an opportunity offered by proprietary trading firms or specialized companies that allow traders to access capital in exchange for a share of the profits. 

Instead of risking your money, you trade using the firm's funds. If you perform well, you keep a portion of the profits, and the firm covers the losses if things go south. 

This model reduces the trader's financial risk while offering the firm a chance to profit from skilled traders.

The Benefits of a Funded Trader Program

One of the main attractions of a funded trader program is the reduced financial risk. For many traders, especially those just starting, risking personal savings on trading can be daunting. A funded program removes this risk, allowing you to trade with someone else's money.

Additionally, these programs often include structured trading environments and guidelines, which benefit newer traders who are still learning the ropes. 

You'll have access to professional-grade tools, mentorship, and a supportive community, all of which can enhance your trading skills and discipline.

The Challenges of a Funded Trader Program

While the benefits are appealing, it's essential to understand the challenges of participating in a funded trader program. 

First and foremost, these programs often have stringent selection processes. Before being granted access to the firm's capital, you'll typically need to pass a series of tests or trials to prove your trading skills. These evaluations can be stressful and competitive.

Furthermore, the profit split is often skewed in favor of the firm. While trading with their money, the percentage of profits you take home may be less than what you could earn trading on your own. 

Additionally, many programs have strict rules regarding drawdowns, risk management, and trading style, which can limit your flexibility.

Are You a Good Fit for a Funded Trader Program?

Whether a funded trader program is right depends on your trading experience, goals, and risk tolerance. 

If you're a beginner facing the Forex trading challenge or an intermediate trader who lacks the capital to trade at a significant scale, a funded trader program could be an excellent way to gain experience and build your trading account without risking your own money.

However, if you're an experienced trader with a proven track record, the restrictions and profit splits of funded programs might need improvement. 

Self-funding your trades or seeking alternative financing options could offer more significant rewards.

In Conclusion:

A funded trader program can be a fantastic opportunity for the right trader, offering a pathway to trade with reduced financial risk. However, it's essential to carefully weigh the benefits and challenges to determine if this route aligns with your trading style and goals. 

You can also join Vantage Elite Prop Trading Firm to take advantage of our 80% profit-sharing model, advanced trading technology, and supportive environment that empowers you to reach your full trading potential!

[watespressurevessel]

How to Choose the Right Water Pressure Vessel for Your Needs

Selecting the right water pressure vessel is critical for the efficiency and longevity of your plumbing system. Whether you're setting up a residential well system, an industrial water supply, or a commercial plumbing network, the right pressure vessel ensures consistent water pressure, reduces pump wear, and protects your system from damage. In this guide, we’ll walk you through the key factors to consider when choosing a water pressure vessel for your needs.

1. Understand Your System Requirements

Determine Water Demand:

The first step in selecting a water pressure vessel is understanding the water demand of your system. This includes the number of fixtures, peak usage times, and the overall water consumption. For residential systems, this might involve considering the number of bathrooms, appliances, and outdoor water usage. In industrial applications, it could mean calculating the flow rate needed for machinery, process water, or cooling systems.

Pump Capacity:

The capacity of your pump plays a significant role in determining the size of the pressure vessel. A vessel that’s too small will cause the pump to cycle frequently, leading to premature wear. Conversely, an oversized vessel may result in inefficient operation. Match the vessel to the pump’s flow rate and the system's demand.

2. Choose the Appropriate Size

Sizing the Vessel:

The size of the water pressure vessel is crucial. A correctly sized vessel will store enough water to minimize pump cycling, reduce energy consumption, and maintain steady pressure. The general rule is that larger systems with higher water demands require larger vessels. Use a sizing formula or consult with a professional to determine the ideal size for your system.

Consider Drawdown Capacity:

Drawdown is the amount of water a pressure vessel can deliver before the pump needs to turn on. A higher drawdown capacity is preferable in systems with high water demand, as it reduces pump cycles and increases efficiency.

3. Material and Construction

Material Options:

Pressure vessels are commonly made from materials like steel, stainless steel, and composite materials. Steel vessels are standard in many residential and light commercial applications. Stainless steel is preferred for its corrosion resistance, especially in systems with aggressive water or where hygiene is critical, such as in food processing or pharmaceutical industries.

Bladder vs. Diaphragm:

Most modern pressure vessels use a bladder or diaphragm to separate the water from the air, preventing waterlogging and maintaining consistent pressure. Bladder tanks are generally more flexible and durable, making them a good choice for a wide range of applications.

4. Pressure Rating

Match System Pressure:

Ensure the pressure rating of the vessel matches or exceeds the operating pressure of your system. This is especially important in high-pressure industrial applications. Overpressurizing a vessel can lead to failure, so it’s crucial to choose one that can handle the system’s maximum pressure.

ASME Certification:

For industrial applications, consider ASME (American Society of Mechanical Engineers) certified tanks. These vessels are built to stringent standards, ensuring they can withstand higher pressures and are safe for use in demanding environments.

5. Consider Installation and Maintenance

Installation Requirements:

The location and installation of the pressure vessel are also key considerations. Ensure the vessel is installed in an easily accessible location for maintenance. It should be properly supported and anchored, especially in seismic areas or where vibrations are common.

Ease of Maintenance:

Consider how easy it is to maintain the pressure vessel. Bladder tanks require less maintenance than traditional steel tanks, which may need regular air recharging. Look for vessels with easily replaceable parts, such as bladders or diaphragms, to minimize downtime.

6. Budget and Longevity

Cost vs. Quality:

While budget is always a factor, it’s important to balance cost with quality. Investing in a high-quality pressure vessel may have a higher upfront cost, but it can save money in the long run by reducing energy consumption, minimizing repairs, and extending the lifespan of your plumbing system.

Warranty and Support:

Check the warranty offered by the manufacturer. A longer warranty often indicates a more durable product. Additionally, consider the availability of customer support and replacement parts.

Choosing the right water pressure vessel is a critical decision that impacts the performance and reliability of your plumbing system. By considering factors like system demand, vessel size, material, pressure rating, and installation requirements, you can select a pressure vessel that meets your needs and provides long-term benefits. Whether for home, commercial, or industrial use, the right pressure vessel ensures consistent performance and peace of mind. For more info contact Wates Pressure Vessel Supplier in UAE or call us at +971 4 2522966.