Author: FX

Last updated: August 30, 2026 · By: Tim MorrisSwing traders need a prop firm that allows overnight and weekend holds without penalty. The safest choices offer this on both the evaluation and funded stages, use a static (not trailing) drawdown, and handle swap fairly. FTMO’s Swing account, and a few others, remove the usual holding restrictions that trip up multi-day trades.This page compares prop firms by one filter that matters to swing traders: can you hold a position through the night, the weekend, and a news release without breaking a rule. You will get a plain checklist of what makes…

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Review Federal Reserve Chairman Kevin Warsh used his Jackson Hole speech Friday to answer critics of his muddled July news conference, delivering a clearer warning that stubborn inflation could push the Fed toward a rate hike.— Matt Peterson, “Analysis: Kevin Warsh Sharpens Inflation Warning at Jackson Hole, Signaling Possible Rate Hike,” CNBC, August 28, 2026.Kevin Warsh’s Jackson Hole speech sent U.S. stocks tumbling on Friday, but they still capped off a positive week. In his speech, Warsh reaffirmed his hawkish stance and the Fed’s commitment to a 2% inflation target. Interestingly, this is almost a direct contradiction to the Treasury…

Last updated: August 29, 2026 · By: Tim MorrisThe best day trading books teach durable skills (risk control, trading psychology, and market mechanics) rather than a system to copy. Start with one title on discipline, add one on process and one on expectancy, and treat any book selling a secret system or a get-rich promise as a reason to skip it.No single book turns you into a trader, and reading is the cheap part of the education. What good books do is shorten the list of expensive lessons you would otherwise pay for in the market. Read them in an…

Last updated: August 29, 2026 · By: Tim MorrisWhether day trading is worth it is a math question, not a mindset one. Your gross edge has to clear spread, commission and slippage, and your win rate has to fit your reward-to-risk. Run those numbers honestly and most part-timers find the answer is no; a disciplined few find yes.This page treats the question as a profit-and-loss decision rather than a motivational one. You will see the identity that governs every trade, the win rate you need at each reward-to-risk ratio, a worked expectancy example, and the capital and time the job…

Last updated: August 29, 2026 · By: Tim MorrisDay trading without a tested, positive-expectancy edge behaves like gambling: you are paying a real cost to bet on an outcome you cannot tilt in your favour. With a genuine edge and strict risk control it becomes speculation with managed variance: skill applied to an uncertain result, not a wager on luck.The honest answer is that day trading sits on a spectrum, and where any single trader lands depends on their method, not on the market. This guide draws the line between odds and edge (the property that separates a bet from…

Four days waited for Warsh, whose hawkish Jackson Hole speech surged the dollar and crushed gold. The level maps had their cleanest week; lanes graded inside. Source link

The RBA held rates and kept threatening hikes, July inflation ran hot, but jobs and investment softened. Here is what the data says, and where it disagrees. Source link

Last updated: August 29, 2026 · By: Tim MorrisA double top is two peaks at a similar level with a trough between them, an “M” shape that warns an uptrend may be ending. A double bottom is the mirror “W” at the end of a downtrend. Neither is a signal until price closes beyond the neckline — the trough on a top, the peak on a bottom.A double top prints two peaks at a similar level as an ‘M’, and a double bottom mirrors it as a ‘W’, each confirmed by a neckline break.What is a double top and a…

Last updated: August 29, 2026 · By: Tim MorrisA wedge pattern is a chart formation of two converging trendlines that both slope the same way, tracking a trend that is losing momentum. A rising wedge slopes up and leans bearish; a falling wedge slopes down and leans bullish. The break beyond the trendline, confirmed by a candle close, is the signal.A rising wedge and a falling wedge side by side, each with its two converging trendlines and the confirmed break arrow pointing opposite to the slope.What is a wedge patternA wedge is a shape price draws when a move narrows…