• Home
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • User/Email: Password:
  • 6:38am
Menu
  • Forums
  • News
  • Calendar
  • Market
  • Login
  • Join
  • 6:38am
Sister Sites
  • Energy EXCH
  • Crypto Craft
  • Forex Factory
  • Story Log
User Time Action Performed
  • Fed: With monetary policy approaching "sufficiently restrictive" level, emphasized final destination more important than funds rate itself

    FED MINUTES: WITH MONETARY POLICY APPROACHING A "SUFFICIENTLY RESTRICTIVE" LEVEL, PARTICIPANTS EMPHASISED THAT THE FINAL DESTINATION OF THE FED FUNDS RATE HAD BECOME MORE IMPORTANT THAN THE RATE ITSELF.

    — Breaking Market News (@financialjuice) November 23, 2022
Added at 2:03pm
  • FED MINUTES: MANY PARTICIPANTS EXPRESSED SIGNIFICANT UNCERTAINTY ABOUT THE ULTIMATE LEVEL OF THE FED FUNDS RATE REQUIRED TO CONTAIN INFLATION, WITH VARIOUS PARTICIPANTS SUGGESTING IT WAS HIGHER THAN PREVIOUSLY ANTICIPATED.

    — Breaking Market News (@financialjuice) November 23, 2022
Added at 2:05pm
  • #FOMC: A Few Officials Wanted To See More Data Before Slowing
    - A Few Officials Saw Slowing Hike Pace Reducing Instability
    - Many Officials Saw ‘Considerable Uncertainty’ On Rate Peak$USDJPY $DXY

    — LiveSquawk (@LiveSquawk) November 23, 2022
  • Comments
  • Comment
  • Subscribe
  • Comment #1
  • Quote
  • Nov 23, 2022 2:18pm Nov 23, 2022 2:18pm
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Quoting Vancarbon
Disliked
BS market . Change the rhetoric to suit the narrative . These Fed minutes were before the 5000 point dow rally . Lots of data out next week to change the narrative The market must end positive , it's thanks giving . Patriotism at its best .
Ignored
Agree but it is also not taking into account the data received since the meeting.
 
 
  • Comment #2
  • Quote
  • Nov 23, 2022 2:20pm Nov 23, 2022 2:20pm
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
But it is a little "crazy" to see DJI trade at this level considering what is on the table. Been a really strong rally for some time now. Keeps going like this it might even come out positive for the year.
 
1
  • Comment #3
  • Quote
  • Nov 23, 2022 2:20pm Nov 23, 2022 2:20pm
  •  mrone
  • | Joined Nov 2022 | Status: Junior Member | 2 Comments
FUD.
 
 
  • Comment #4
  • Quote
  • Nov 23, 2022 2:37pm Nov 23, 2022 2:37pm
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Quoting Vancarbon
Disliked
{quote} My advice is never trade the US markets . They take it to extremes at both ends of the spectrum . Trade weakness , buy strength Lots of indices currently showing topping action . I won't elaborate , it's self evident
Ignored
I speculate short term in DJI (day/swing). Moves are so so so aggressive these days. To both sides really.
 
 
  • Comment #5
  • Quote
  • Nov 23, 2022 2:40pm Nov 23, 2022 2:40pm
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Eventually it might sink in among traders that a recession (come next year or not) is maybe not a good thing short term for the stock either.
 
 
  • Comment #6
  • Quote
  • Nov 23, 2022 2:50pm Nov 23, 2022 2:50pm
  •  masoudja
  • | Joined May 2020 | Status: Member | 17 Comments
Will the dollar be stronger or weaker with today's report?
 
 
  • Comment #7
  • Quote
  • Nov 23, 2022 2:55pm Nov 23, 2022 2:55pm
  •  Genious
  • | Joined Nov 2022 | Status: Junior Member | 2 Comments
This is a clown market
 
 
  • Comment #8
  • Quote
  • Nov 23, 2022 3:29pm Nov 23, 2022 3:29pm
  •  danial57
  • | Joined May 2022 | Status: Member | 63 Comments
Quoting masoudja
Disliked
Will the dollar be stronger or weaker with today's report?
Ignored
95% of people who trade lose. I say 99%. So, 99% of people who comment here have NO idea what is going on.
 
3
  • Comment #9
  • Quote
  • Nov 23, 2022 3:43pm Nov 23, 2022 3:43pm
  •  DayTrader30
  • | Joined Apr 2011 | Status: Member | 216 Comments
Usd weak for now sell.Signal was when fed said they slow int rate hikes
 
 
  • Comment #10
  • Quote
  • Nov 23, 2022 9:38pm Nov 23, 2022 9:38pm
  •  RickM
  • Joined Sep 2015 | Status: Member | 5 Comments
Quoting danial57
Disliked
{quote} 95% of people who trade lose. I say 99%. So, 99% of people who comment here have NO idea what is going on.
Ignored
Daniel, the facts show 25% do win so perhaps a few here are worth reading.
Trading thin liquidity at the boundary of the charts
 
 
  • Comment #11
  • Quote
  • Nov 23, 2022 10:50pm Nov 23, 2022 10:50pm
  •  danial57
  • | Joined May 2022 | Status: Member | 63 Comments
Quoting RickM
Disliked
{quote} Daniel, the facts show 25% do win so perhaps a few here are worth reading.
Ignored
According to some research less than 5% of traders do constantly win. In my experience trading is a zero-sum game for 99%.
 
 
  • Comment #12
  • Quote
  • Nov 24, 2022 1:27am Nov 24, 2022 1:27am
  •  Steven1
  • Joined Jun 2012 | Status: Member | 64 Comments
Quoting RickM
Disliked
{quote} Daniel, the facts show 25% do win so perhaps a few here are worth reading.
Ignored
seriously lol. 25% win - lol How many traders make year over year repeatedly? very few
I consider making money for a year or two as nothing - 10 years minimum is a more realistic view - how many are still making money after 10 years - 1% at most. 99% wil lose money in forex over the longer term
And yes i make money in the markets - been trading for 16 years to pay my bills - very few make 10 years plus making money to pay their bills - the secret is to trade a better market - share markets are where to make money longer term
 
 
  • Comment #13
  • Quote
  • Nov 24, 2022 2:23am Nov 24, 2022 2:23am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Quoting Steven1
Disliked
{quote} seriously lol. 25% win - lol How many traders make year over year repeatedly? very few I consider making money for a year or two as nothing - 10 years minimum is a more realistic view - how many are still making money after 10 years - 1% at most. 99% wil lose money in forex over the longer term And yes i make money in the markets - been trading for 16 years to pay my bills - very few make 10 years plus making money to pay their bills - the secret is to trade a better market - share markets are where to make money longer term
Ignored
There is at least one in here ((:
 
 
  • Comment #14
  • Quote
  • Nov 24, 2022 2:27am Nov 24, 2022 2:27am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Quoting danial57
Disliked
{quote} According to some research less than 5% of traders do constantly win. In my experience trading is a zero-sum game for 99%.
Ignored
I would say that the money from the 99% end up in the pockets of the brokers and the 1%.

Its interesting that 95% of CFD traders have more winning trades than losing trades. But the majority of the 95% dont understand that trading is a mind game and they need to work on their mental strength rather than on exit and entry strategies. Therefore their losses are bigger than their winners.

I have "mentored" a couple of novices and they have one thing in common. First question is about entry points. But what matters is how you act once the trade is on. People dont understand that.
 
 
  • Comment #15
  • Quote
  • Nov 24, 2022 2:37am Nov 24, 2022 2:37am
  •  danial57
  • | Joined May 2022 | Status: Member | 63 Comments
Quoting Banditten
Disliked
{quote} There is at least one in here ((:
Ignored
Lol, We are proud of you!
You are 100% correct. I still believe that trading is like an art. You can make millions out of thin air. BUT, there are not alot of da Vincis out there!

Cheers!
 
 
  • Comment #16
  • Quote
  • Nov 24, 2022 3:28am Nov 24, 2022 3:28am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Quoting danial57
Disliked
{quote} Lol, We are proud of you! You are 100% correct. I still believe that trading is like an art. You can make millions out of thin air. BUT, there are not alot of da Vincis out there! Cheers!
Ignored
Didnt say it was me (: But great to hear you are proud.

Like I have said many times and coming back to your first comment. Nobody should take a position because of what they read on FF. Its a nice forum for chit chat and exchange of opinions but be mindful of advice given in here (:
 
1
  • Comment #17
  • Quote
  • Nov 24, 2022 4:15am Nov 24, 2022 4:15am
  •  RickM
  • Joined Sep 2015 | Status: Member | 5 Comments
Daniel, get your facts correct. The whole idea is to make traders think only 5% of traders are profitable to entice people trade. Everyone wants to be in the 5% club so its all a trick.

Here are the results published by Brokers in % of profitable accounts (a snapshot)
This isn't new results but perhaps still similar.

The best is Oanda with 38% of profitable traders on their books
FXCM is 27%
Worst one is Advanced Markets at 16%
Average is around 25%

Can't you see what they are doing, making you think your special if your'e profitable - when infact your only above average.
Trading thin liquidity at the boundary of the charts
 
 
  • Comment #18
  • Quote
  • Nov 24, 2022 4:21am Nov 24, 2022 4:21am
  •  danial57
  • | Joined May 2022 | Status: Member | 63 Comments
Quoting RickM
Disliked
Daniel, get your facts correct. The whole idea is to make traders think only 5% of traders are profitable to entice people trade. Everyone wants to be in the 5% club so its all a trick. Here are the results published by Brokers in % of profitable accounts (a snapshot) This isn't new results but perhaps still similar. The best is Oanda with 38% of profitable traders on their books FXCM is 27% Worst one is Advanced Markets at 16% Average is around 25% Can't you see what they are doing, making you think your special if your'e profitable - when infact...
Ignored
Interesting! Thank you for sharing this with us.
 
 
  • Comment #19
  • Quote
  • Nov 24, 2022 7:12am Nov 24, 2022 7:12am
  •  Steven1
  • Joined Jun 2012 | Status: Member | 64 Comments
Quoting RickM
Disliked
Daniel, get your facts correct. The whole idea is to make traders think only 5% of traders are profitable to entice people trade. Everyone wants to be in the 5% club so its all a trick. Here are the results published by Brokers in % of profitable accounts (a snapshot) This isn't new results but perhaps still similar. The best is Oanda with 38% of profitable traders on their books FXCM is 27% Worst one is Advanced Markets at 16% Average is around 25% Can't you see what they are doing, making you think your special if your'e profitable - when infact...
Ignored
One big problem with those results - if a trader makes one dollar in profit they are considered to be profitable - to me making anything less than 50K a year is a losing trader - if a trader puts in a 2000 hours to trade for the year but only makes $1000 than they made only 50 cents a hour - to me that is a losing trader - crazy stuff. A successful trader is someone who can make enough to pay their bills solely from trading - how many made 50K plus a year from those brokerages??? 1% i BET - that is the true odds of success
 
 
  • Comment #20
  • Quote
  • Nov 24, 2022 7:25am Nov 24, 2022 7:25am
  •  RickM
  • Joined Sep 2015 | Status: Member | 5 Comments
I think your'e being a bit tough, most traders on Forex Factory are Retiree's or workers who trade part time just to earn a few extra dollars a week to make their family's life just a bit better. Those people are not losers but enjoying earning enough to pay for a nice dinner at night and perhaps get lucky that night.
Good on them.
The average professional trader makes at best 5% increase in equity per month and thats about it. Thats the average over a year coming out of prop firms ( not funded props ) so the real problem for most traders is equity size. Now if we just select traders who trade accounts larger than a $100K account and review their results - thats a better yardstick than using some retiree who trades a $1000 account.
Trading thin liquidity at the boundary of the charts
 
1
  • Comment #21
  • Quote
  • Nov 24, 2022 7:35am Nov 24, 2022 7:35am
  •  Banditten
  • Joined Sep 2019 | Status: Member | 1076 Comments
Quoting RickM
Disliked
I think your'e being a bit tough, most traders on Forex Factory are Retiree's or workers who trade part time just to earn a few extra dollars a week to make their family's life just a bit better. Those people are not losers but enjoying earning enough to pay for a nice dinner at night and perhaps get lucky that night. Good on them. The average professional trader makes at best 5% increase in equity per month and thats about it. Thats the average over a year coming out of prop firms ( not funded props ) so the real problem for most traders...
Ignored
Whi trades while on a date?
1
 
  • New Comment
  •  Guest
  • | IP XX.XXX.152.207
Join MM
    • Older Stories  
    Minutes of the Federal Open Market Committee November 1-2, 2022

    From federalreserve.gov|Nov 23, 2022|19 comments

    The Chair began with a discussion of ethical standards and acknowledged the great privilege and heavy responsibility that come with being entrusted to make policy decisions. There was agreement that the Federal Reserve can be effective only when there is a foundation of public trust. Participants reaffirmed the importance of holding themselves and their staffs accountable for knowing and following the high ethical standards that are set in the Committee’s policies, including those on financial transactions and disclosure and on external communications. Developments in Financial Markets and Open Market Operations The manager pro tem turned first to a discussion of financial market developments in the United States. Over tweet at 2:00pm: [DB] Most Fed Officials Backed Slowing the Pace of Rate Hikes Soon: BBG tweet at 2:00pm: Fed minutes: participants observed that the labour market remained tight; many noted tentative signs that it may be gradually moving toward a better balance of supply and demand. tweet at 2:00pm: FED MINUTES: PARTICIPANTS AGREED THAT THERE WERE FEW SIGNS OF INFLATION PRESSURES EASING. tweet at 2:00pm: FED MINUTES: PARTICIPANTS AGREED THAT A SLOWER PACE OF RATE HIKES WOULD ALLOW THE FOMC TO BETTER ASSESS PROGRESS TOWARD ITS GOALS "GIVEN THE UNCERTAIN LAGS" ASSOCIATED WITH MONETARY POLICY.

    When Recession, Sir?

    From themacrocompass.substack.com|Nov 23, 2022

    As my mentor used to say, any market practicioner can make headlines by screaming something wildly out-of-consensus but conveniently leaving the details of his forecast out of the ...

    Unwind of financial stability gilt purchases – Market Notice 23 November 2022

    From bankofengland.co.uk|Nov 23, 2022

    This Market Notice sets out operational arrangements that the Bank of England (the Bank) intends to apply to sales of index-linked and long-dated conventional UK government bonds ...

    •   Newer Stories
    RBNZ's Governor Orr: The global economy has been impacted by significant shocks

    From @financialjuice|Nov 23, 2022

    tweet at 2:13pm: RBNZ'S GOVERNOR ORR: THE GLOBAL ECONOMY HAS BEEN IMPACTED BY SIGNIFICANT SHOCKS. tweet at 2:16pm: RBNZ'S ORR SAYS WE ARE OFFICIALLY CONTRACTIONARY WITH POLICYOrr: Opening remarks to Finance and Expenditure Committee (FEC) It is good to be with you this morning to present our November Monetary Policy Statement. I’m joined by Assistant Governor/General Manager of Economics, Financial Markets and Banking, Karen Silk, and our Chief Economist Paul Conway, and I acknowledge our other Monetary Policy Committee (MPC) colleagues some of whom are with us today or watching online. Today we are here to outline our most recent Monetary Policy Statement and the reasoning for our OCR decision. To provide the best context possible for the Committee’s decision I will refer briefly to the Reserve Bank’s recently published Review of our monetary policy actions over the five years ended September 2022.1 The Review — undertaken in conjunction with the Board of Te P?tea Matua and peer reviewed by two independent international experts — is a legislative requirement. It is also a timely requirement from the Committee’s perspective. Over the period reviewed, the global and New Zealand economy has experienced historically significant economic shocks, in large part due to the COVID-19 pandemic and exacerbated by Russia’s invasion of Ukraine. Policymakers, including the Reserve Bank’s Monetary Policy Com

    Glencore, MAC agree to amend terms to acquire CSA mine in US$1.1 billion transaction

    From kitco.com|Nov 23, 2022

    Glencore announced today it has entered into a binding agreement with Metals Acquisition Corp (MAC), amending terms announced on 17 March 2022, for the sale and purchase of ...

    RBNZ's Conway says significant slowdown coming in home construction

    From @FirstSquawk|Nov 23, 2022

    tweet at 2:37pm: RBNZ'S CONWAY SAYS SIGNIFICANT SLOWDOWN COMING IN HOME CONSTRUCTION

  • More
  • Story Stats
  • Posted: Nov 23, 2022 2:03pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 21  /  Views: 10,573
  • Linked event:
    US FOMC Meeting Minutes
  • Related Stories

    Minutes of the Federal Open Market Committee November 1-2, 2022
    From federalreserve.gov|Nov 23, 2022|19 comments
    Gold prices push above $1,750 as Fed looks to slow the pace of rate hikes - FOMC minutes
    From kitco.com|Nov 23, 2022|1 comment
    Copper rises as US dollar weakens on Fed rate slowdown prospect
    From nasdaq.com|Nov 24, 2022
  • More
Top of Page Default Page
  • Facebook
  • Twitter
About MM
  • Mission
  • Products
  • User Guide
  • Blog
  • Contact
MM Products
  • Forums
  • Calendar
  • News
  • Market
MM Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow MM
  • Facebook
  • Twitter

MM Sister Sites:

  • Energy EXCH
  • Crypto Craft
  • Forex Factory

Metals Mine™ is a brand of Fair Economy, Inc.

Terms of Service / ©2023