The latest from Smart FX.
Why position sizing, not win rate, keeps forex traders solvent: the fixed-risk-per-trade method, a worked NZD example, and the drawdown maths of survival.
What the Global Dairy Trade auction measures, how to read a GDT result against expectations, and how dairy prices feed through to the New Zealand dollar.
An editorial framework for evaluating a NZ forex broker - FMA regulation, segregated funds, real costs, execution, leverage and NZ tax. No rankings.
How to place a forex stop-loss the market respects: structure and volatility, not arbitrary dollars, plus the discipline to leave it where it belongs.
A forex demo account is only as useful as the discipline you bring. How to practise properly, where demo and live differ, and when to go live small.
What a candlestick encodes, the patterns worth knowing, and why - on NZD pairs - they are probabilistic context to weigh, never a prophecy to obey.
What a pip is, how lot sizes turn pips into dollars on NZD pairs, and why leverage magnifies losses as fast as gains - the units of forex, explained.
NZ GDP reaches the dollar late and indirectly - via RBNZ rate expectations. How to read a print against consensus, and when it actually moves the Kiwi.
Why NZD/JPY is the market's risk barometer: the carry trade that drives it, why it falls faster than it climbs, and how NZ traders can read the Kiwi-yen.
What moves the NZD/USD rate - the RBNZ-Fed rate differential, dairy and terms of trade, risk sentiment, and why the US-dollar side so often dominates.