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Financial Market Commentary and Trade Execution Guidance for USD/JPY, October 1, 2023

As we step into the first trading week of October 2023, there are a few pivotal observations I’d like to share regarding the USD/JPY, commonly referred to as the “gopher”. This pair, a mainstay among the most traded currency pairs globally, continues to be influenced by the interest rate differentials between the Federal Reserve and the Bank of Japan.

Given the meticulous analysis of the current market structure on the M60 timeframe, a bullish disposition towards the USD/JPY emerges. A myriad of technical indicators and signals provide compelling evidence to support this stance. From the bullish alignment within the Acceleration Zone, showcased by the Medium Sea Green EMAs, to the blue hues of the Global Heiken Ashi Smoothed (HAS) candles, the momentum is undeniable. Moreover, with the Dynamic Adaptive ATR (Average True Range) Trailing Stop (DAATS) comfortably stationed below the candles, and the Global Time Bars for M60, M240, and M1440 all illuminating in blue, the scene is almost set for an auspicious trade.

However, a word of caution: the Global ADX (Average Directional Index) currently reads 18.76, falling slightly short of the desired 20 threshold. Also, the GMACD’s signals point towards a sideways movement with both main and major trends indicating a downward trajectory. Such discrepancies underscore the importance of a data-driven, systematic approach to trading, one that I’ve always advocated for.

Regarding risk management, it is essential to iterate that a maximum of 2% risk per trade is just an upper limit. After thorough research and analysis, I’ve surmised that an optimal risk per trade lies at a modest 0.2%. Employing this risk with the calculated initial stop loss allows for precise position sizing, ensuring a trade is never overleveraged. Such a prudent approach provides a bulwark against a series of potential drawdowns, ensuring the sustenance of one’s capital.

To shed some light on the nitty-gritty: for the upcoming trade, the initial stop loss has been gauged at 77.4 pips (or 774 points in the realm of a 5-digit broker). As the trade unfolds, trailing stops will be instrumental. Whether one opts for an aggressive, moderate, or conservative trailing stop, they must strike the delicate balance between protecting accrued profits and allowing room for potential price appreciation.

In conclusion, as the new trading week beckons, armed with this analysis and a judicious strategy, I’m optimistic about the potential opportunities the USD/JPY pair might present. Nonetheless, the world of forex is replete with uncertainties, and it’s paramount to approach every trade with discipline, diligence, and an unwavering commitment to sound risk management principles. Happy trading!

About the Author: Dr. Glen Brown is a distinguished figure in the world of finance and accounting, bringing over a quarter-century of seasoned expertise to the table. Serving as the President & CEO of both the Global Accountancy Institute, Inc. and Global Financial Engineering, Inc., he stands at the helm of entities that seamlessly integrate accountancy, finance, investments, trading, and technology. This amalgamation places them as paramount contenders in the realm of global multi-asset class professional proprietary trading.

Boasting a Doctor of Philosophy (Ph.D.) in Investments and Finance, Dr. Brown’s prowess isn’t limited to just one niche. His vast domains of proficiency encompass financial and management accounting, strategic management, finance, investments, and risk management. But Dr. Brown isn’t merely an executive powerhouse; he’s also an educator and innovator. He wears multiple hats: Chief Financial Engineer, Head of Trading & Investments, Chief Data Scientist, and Senior Lecturer, proving his undying commitment to both the pragmatic and theoretical aspects of finance.

Underlying his monumental achievements and leadership is a profound guiding philosophy: “We must consume ourselves in order to transform ourselves for our rebirth. We are blessed with subtlety, creative imaginations, and outstanding potential to attain spiritual enlightenment, transformation, and regeneration.” This ethos is the fuel behind Dr. Brown’s relentless quest for innovation, personal evolution, and his chase for unparalleled excellence in the financial sphere.

Dr. Glen Brown, through his exceptional experience twined with his distinct philosophical compass, continues to sculpt a culture of novelty and triumph at both Global Accountancy Institute, Inc. and Global Financial Engineering, Inc., presenting avant-garde answers to intricate financial conundrums.

Risk Disclaimer

The information provided in this document is for informational purposes only and should not be construed as investment advice, endorsement, or an offer or solicitation to buy or sell securities. The views and opinions expressed are based on the author’s analysis and interpretation of the market data available at the time of writing and are subject to change without notice.

Trading and investing in financial markets involve substantial risk. As such, you should carefully consider if trading or investing is suitable for you in light of your financial condition. Past performance is not indicative of future results, and no representation or warranty is made regarding the accuracy or completeness of the information provided.

Neither the author nor any affiliated party shall be liable for any direct, indirect, incidental, or consequential damages or losses arising out of or in connection with the use of this information. It is the responsibility of the reader to consult with a qualified professional regarding their individual financial situation.

Always remember that leverage can amplify both profits and losses, and you can lose more than your initial investment. Before making any trading or investment decisions, it is essential to understand the risks involved and seek advice from a licensed financial advisor if necessary.

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Bitcoin: A Journey Through Decentralization and the Current Market Landscape

Bitcoin, the first and most prominent cryptocurrency, has been a magnet for global attention since its 2009 launch by the elusive figure, Satoshi Nakamoto. As a decentralized digital currency operating without central banks or intermediaries, Bitcoin’s transactions rely on a peer-to-peer network, secured via cryptography and documented on a blockchain.

Throughout its history, Bitcoin’s price has ricocheted, influenced by regulatory decisions, adoption trajectories, technological shifts, and prevailing sentiments. Nevertheless, it’s witnessed acceptance from diverse quarters – from businesses and financial stalwarts to progressive nations. While its blockchain foundation is heralded for its transformative potential, concerns like environmental ramifications of the proof-of-work consensus and scalability loom large. The fluctuating regulatory milieu across countries also plays a pivotal role in shaping Bitcoin’s trajectory.

Fast forward to September 2023: Bitcoin hovers around $26,572.22. Analysis from the Global Algorithmic Trading Software (GATS) System #M240 provides an intricate tapestry of Bitcoin’s current trend dynamics:

  • Long Term Trend (LTT): Bullish
  • Medium Term Trend (MTT): Bearish
  • Short Term Trend (STT): Bullish
  • Micro Trend (MT): Bearish

The juxtaposition of these trends offers a complex scenario for traders. While the allure of shorting Bitcoin might be high given some bearish indications, prudence suggests aligning with the prevailing Long Term Trend – which remains bullish. The strategy? Await the buy signal.

Identifying the opportune moment to buy hinges on a set of meticulously defined parameters:

  • Bullish color-coded EMA Zones.
  • The Global Heiken Ashi Smoothed (HAS) candles transitioning to blue.
  • The positioning of the Dynamic Adaptive ATR Trailing Stop (DAATS) below the candles.
  • Global Time Bars for M240, M1440, and M10080 adopting a blue hue.
  • The Global I-Trend’s green line ascending above its red counterpart.
  • The Global ADX surpassing the 20 mark.
  • The GMACD(21,55,8) pointing towards an upward trajectory.

The synthesis of these technical signals, when juxtaposed with Bitcoin’s inherent volatility and the broader crypto ecosystem’s dynamics, makes for a compelling strategy. With Bitcoin’s history as a testament, the roadmap ahead is bound to be equally – if not more – riveting.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice or a recommendation to buy or sell any type of securities or cryptocurrency. Always consult with a financial professional before making any investment decisions.

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Navigating the Duality: My Gold Futures Trading Strategy in a Mixed Trend Environment

Good morning, I’m Dr. Glen Brown, and today I want to delve into Gold futures, a topic that intrigues investors and traders alike. Gold, the shimmering metal, offers more than just aesthetic appeal; it provides ongoing trading opportunities, responding swiftly to economic and political events. Currently priced at $1923.22, the market appears to be in a state of flux, with both bullish and bearish indicators.

Our Global Algorithmic Trading Software (GATS) #6 reflects this duality. The Long Term Trend (LTT) shows bullish momentum, while the Medium and Short Term Trends (MTT and STT) indicate a bearish outlook. Surprisingly, the Micro Trend (MT) is back to bullish. In such a situation, a trader might be torn between going long or short. That’s where my strategy comes in.

The buy and sell signal parameters are particularly useful here. When the EMA Zones show a Bullish Market Structure and the Global ADX surpasses 20, among other bullish indicators, it’s an ideal situation to go long. Conversely, a Bearish Market Structure and a falling Global I-Trend’s Green Line are strong sell signals.

I’m keeping a close eye on the MACD (4, 22, 3) signals, particularly on the M1440 and M10080 charts. The Stochastic Oscillator reading at 99.61 suggests the asset could be overbought, an essential data point to consider.

My Stop Loss gaps for short-term, medium-term, and long-term trades are carefully calculated based on multiple factors, ensuring an optimized risk management strategy.

Gold’s last significant swing high was at $1952.81, and the swing low was at $1899.34. My Stop Loss will be calculated based on these swing points and will vary depending on whether I am trading a short, medium, or long-term trend.

As the price is currently within the M43200 Transition Zone and the M10080 Value Zone, I recommend traders to stay vigilant and responsive to any directional shifts in these intricate layers of market trends.

About the Author

Dr. Glen Brown is a finance and accounting luminary with over 25 years of extensive experience in the industry. As President & CEO of Global Financial Engineering, Inc. and Global Accountancy Institute, Inc., Dr. Brown leads unique organizations that blend the realms of Accountancy, Finance, Investments, Trading, and Technology to stand as a Global Multi-Asset Class Professional Proprietary Trading Firm.

These specialized firms do not offer any services or products to the general public and do not accept clients or external funds, focusing exclusively on in-house expertise and proprietary trading strategies.

Equipped with a Ph.D. in Investments and Finance, Dr. Brown’s proficiency spans a variety of financial disciplines, including financial accounting, management accounting, finance, investments, strategic management, and risk management. His dual roles also see him serving as the Chief Financial Engineer, Head of Trading & Investments, Chief Data Scientist, and Senior Lecturer in diverse financial areas.

Guiding Dr. Brown’s leadership and groundbreaking contributions to the world of finance is his core philosophy: “We must consume ourselves in order to transform ourselves for our rebirth. We are blessed with subtlety, creative imaginations, and outstanding potential to attain spiritual enlightenment, transformation, and regeneration.” This belief system underpins his relentless pursuit of innovation, personal growth, and excellence within his organizations.


Risk Disclaimer:

Trading futures involves significant risk and is not suitable for everyone. Past performance is not indicative of future results. Please trade responsibly and consult with a certified financial advisor before engaging in any trading activities.

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Global Algorithmic Trading Software (GATS) Trading Strategy #4 Performance for EURCAD as of April 22, 2023

Title: Advanced Analysis of EURCAD Trade Using GATS Trading Strategy #4 and Colored EMA Zones

The Global Algorithmic Trading Software (GATS) has become an essential tool for traders worldwide. Today, we delve into the performance of GATS Trading Strategy #4 for EURCAD as of April 22, 2023. This article targets a special group of Global Intra-Day Traders, Global Swing Traders, and Global Position Traders at Global Financial Engineering and Global Accountancy Institute. Additionally, we will discuss valuable insights from Dr. Glen Brown, the President & CEO of Global Financial Engineering and Global Accountancy Institute.

Trading Timeframe and Risk Management

For Trading Strategy #4, the trading timeframe is M30. Traders are risking 0.04% of free equity with an adaptive trailing stop loss of 18 times the Average True Range (ATR) using a period of 200. The position size is calculated automatically by GATS using this data.

Trend Analysis and Trade Entry

According to our proprietary trading system, the trend analysis for EURCAD is as follows:

  • The Primary Trend (PT), given by the Global Monthly TIME BAR (GMTB), is currently Bearish.
  • The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB), is currently Bullish.
  • The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB), is currently Bullish.
  • The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB), is currently Bullish.

In light of the above trend analysis, a bullish trade for EURCAD has been entered using Global Trading Strategy #4 on the Global Automated Trading Software (GATS).

Trade Details and Management Strategy

The Global Entry Signal for EURCAD was to buy 18.61 lots at 1.47876. As of April 22, 2023, the current Global Trailing Stop Loss for EURCAD is 1.48233, with a Global Target Profit set at 1.49523. The current price for EURCAD is 1.48779, translating to an unrealized profit of $12,411.7.

For trade management, we applied the Global Adaptive Trailing Stop System for Global Trading Strategy #4, combined with a normal trailing stop of 60 pips.

Expert Insights from Dr. Glen Brown

Dr. Glen Brown, President & CEO of Global Financial Engineering and Global Accountancy Institute, emphasizes the importance of adapting to market trends and utilizing algorithmic trading software. He states, “GATS has revolutionized the trading landscape by allowing traders to react quickly to market changes and identify optimal entry and exit points. By embracing cutting-edge technology and risk management strategies, our traders can consistently achieve profitable results.”

Subtitle: Maximizing Trading Opportunities by Recognizing Warning Signs and Incorporating Trend Analysis

Introduction

In this advanced analysis, we will examine the open EURCAD trade using Global Algorithmic Trading Software (GATS) Trading Strategy #4 and explore how traders can apply Colored EMA Zones to identify warning signs, maximize trading opportunities, and incorporate primary, secondary, and medium trend analysis.

Primary, Secondary, and Medium Trend Analysis

The proprietary trading system used in GATS provides traders with valuable trend insights, including primary, secondary, and medium-term trends. For the EURCAD trade, these trends are as follows:

  1. Primary Trend (PT) – Global Monthly TIME BAR (GMTB): Bullish
  2. Secondary Trend (ST) – Global Weekly TIME BAR (GWTB): Bullish
  3. Medium Term Trend (MTT) – Global Daily TIME BAR (GDTB): Bullish

By considering these trends, traders can make more informed decisions and better manage risk when entering or exiting trades.

Application of Colored EMA Zones for EURCAD Trade

  1. Momentum Zone (Lime Green EMAs: EMA 1 to EMA 8)

Traders should monitor the EURCAD price in relation to the Momentum Zone. If the price remains above the highest EMA in this zone, it indicates strong bullish momentum in line with the primary and secondary trends. However, if the price falls below the lowest EMA, it may signal a potential trend reversal or weakening momentum.

  1. Acceleration Zone (Medium Sea Green EMAs: EMA 9 to EMA 15)

This zone indicates the acceleration of the trend. If the price remains above the Acceleration Zone, it demonstrates a strong bullish trend consistent with the medium-term trend. If the price crosses into this zone, traders should be cautious, as this may indicate a potential slowdown in bullish momentum.

  1. Transition Zone (Pale Green EMAs: EMA 16 to EMA 25)

When the price enters the Transition Zone, it suggests a possible change in the trend. Traders should pay close attention to price action and other technical indicators for signs of a trend reversal or continuation, considering the primary, secondary, and medium-term trends.

  1. Value Zone (Light Gray EMAs: EMA 26 to EMA 50)

If the EURCAD price reaches the Value Zone, it may present an opportunity for traders to enter long positions, as it indicates a potential undervalued market. However, traders should also consider other factors, such as economic data and global events, before making a decision.

  1. Correction Zone (Light Coral EMAs: EMA 51 to EMA 89)

A price movement into the Correction Zone signals a deeper correction in the trend. Traders should be cautious and consider tightening stop losses or exiting positions if the price continues to move deeper into this zone, especially if it contradicts the primary, secondary, and medium-term trends.

  1. Trend Reassessment Zone (Salmon EMAs: EMA 90 to EMA 140)

If the price enters the Trend Reassessment Zone, it may indicate a significant shift in the trend. Traders should reassess their positions and consider exiting the trade if the price fails to recover quickly, keeping in mind the primary, secondary, and medium-term trends.

  1. Long-term Trend Zone (Brick Red EMAs: EMA 141 to EMA 200)

When the price reaches the Long-term Trend Zone, it suggests a significant trend reversal. Traders should consider closing positions and waiting for a new trend to emerge.

Conclusion

By understanding and applying Colored EMA Zones and incorporating primary, secondary, and medium-term trend analysis to the open EURCAD trade using GATS Trading Strategy #4, traders can identify warning signs and maximize trading opportunities. Dr. Glen Brown, President & CEO of Global Financial Engineering and Global Accountancy Institute, states, “The ability to recognize and adapt to changing market conditions is crucial for long-term success in trading. Colored EMA Zones, combined with our trend analysis, provide traders with a powerful toolset to monitor trends and make informed decisions.”

It is essential to combine the insights gained from Colored EMA Zones and trend analysis with other technical indicators and fundamental analysis to make well-rounded trading decisions. Always remember to employ sound risk management practices and seek professional advice if necessary.

Disclaimer: The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends, or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering, Inc. to buy, sell, or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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The Power of Accepting Total Responsibility: The Trader’s Path to Success

Introduction

In the fast-paced world of trading, it is crucial for every trader to understand the importance of taking responsibility for their actions. The pressure to make quick decisions, along with the volatility of the market, can sometimes lead to unfavorable outcomes. However, it is only by acknowledging and learning from these experiences that a trader can progress and succeed in the long run. As Dr. Glen Brown, an esteemed Financial Engineer and trading expert, once said, “Taking total responsibility for your actions is the key to unlocking your true potential in trading.”

The Importance of Taking Responsibility

Dr. Glen Brown’s words underscore the significance of accepting responsibility for one’s actions, especially in the field of trading. By doing so, a trader can:

  1. Develop a strong sense of accountability: When traders take complete responsibility for their actions, they cultivate a mindset of accountability. This, in turn, helps them make well-informed decisions and exercise better risk management strategies.
  2. Learn from mistakes: Trading mistakes are inevitable. However, acknowledging these errors and understanding the reasons behind them can help traders make better decisions in the future. As Dr. Brown aptly puts it, “Mistakes are not failures; they are valuable lessons that pave the way for growth.”
  3. Gain confidence: Accepting responsibility for one’s actions allows traders to develop a sense of self-reliance, which is essential for making decisions in the face of uncertainty. This self-assurance can lead to more confident and effective trading practices.
  4. Cultivate emotional resilience: Emotional resilience is crucial in trading, as it allows traders to maintain composure and mental clarity during turbulent market conditions. Accepting total responsibility helps traders develop this resilience by encouraging them to take control of their emotions and remain focused on their goals.

Dr. Brown’s Insights on Responsibility

Dr. Glen Brown has long emphasized the power of taking responsibility in trading, offering insights on how traders can harness this principle to achieve success. Some of his most notable quotes include:

  1. “The more you embrace responsibility, the more control you have over your trading journey. It’s not about blaming external factors, but about understanding how your decisions shape your outcomes.”
  2. “Responsibility is the foundation of self-improvement in trading. You cannot progress without first acknowledging your role in both your successes and setbacks.”
  3. “When you accept total responsibility for your actions, you empower yourself to become the master of your own trading destiny.”

Conclusion

In the world of trading, accepting total responsibility for one’s actions is vital for growth, success, and personal development. By acknowledging their role in every decision and outcome, traders can foster a sense of accountability, learn from their mistakes, and build emotional resilience. By heeding Dr. Glen Brown’s wisdom, traders can unlock their true potential and achieve the success they strive for in the ever-evolving financial markets.

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Plan the Trade, Trade the Plan: A Guide to Disciplined Trading with Dr. Glen Brown

Introduction

Successful trading, whether in stocks, commodities, or foreign exchange, requires a disciplined and strategic approach. One key mantra that experienced traders swear by is “Plan the Trade, Trade the Plan.” This phrase emphasizes the importance of creating a well-researched and robust trading plan and then sticking to it, no matter how tempting it may be to deviate. In this article, we will explore the concept of planning and executing trades, drawing on the wisdom of renowned trading expert Dr. Glen Brown.

I. The Importance of a Trading Plan

A trading plan is a comprehensive blueprint that guides traders in making informed decisions. It includes essential aspects such as entry and exit points, risk management, and position sizing. As Dr. Glen Brown explains, “A trading plan is the roadmap to your financial success. It keeps you focused, disciplined, and aligned with your goals.”

II. Key Elements of a Trading Plan

  1. Market Analysis: Traders must stay informed about market trends and news that could impact their chosen instruments. Dr. Brown advises, “Never underestimate the power of information. An educated trader is a profitable trader.”
  2. Entry and Exit Points: Establishing clear entry and exit points helps traders avoid emotional decision-making. Dr. Brown suggests, “Define your entry and exit points before initiating any trade. This allows you to act rationally and consistently, which is crucial for long-term success.”
  3. Risk Management: To protect their capital, traders must use risk management tools such as stop-loss orders and position sizing. Dr. Brown emphasizes the importance of managing risk: “It’s not about how much you make, but how much you keep. A good risk management strategy ensures your survival in the market.”
  4. Position Sizing: Position sizing helps traders determine how much of their capital to allocate to each trade, based on their risk tolerance. According to Dr. Brown, “Position sizing is a critical aspect of trading. It helps you manage your risk and avoid putting all your eggs in one basket.”

III. The Discipline to Follow the Plan

Once a trading plan is in place, the next challenge is adhering to it. Many traders struggle with this, often giving in to emotions or impulses. Dr. Brown explains, “Discipline is what separates successful traders from the rest. To succeed, you must develop the mental strength to follow your plan, even when your emotions are telling you otherwise.”

IV. Benefits of Sticking to the Plan

  1. Consistency: Trading according to a plan promotes consistency in decision-making and results, which is vital for long-term success. Dr. Brown states, “Consistency is the key to profitability. By sticking to your plan, you increase your chances of achieving your financial goals.”
  2. Emotional Control: A well-defined plan helps traders overcome emotional pitfalls, such as fear and greed, that can lead to poor decisions. Dr. Brown explains, “By following your plan, you can keep your emotions in check and make objective, data-driven decisions.”
  3. Learning and Improvement: Consistently trading the plan allows traders to evaluate their performance and refine their strategies. As Dr. Brown puts it, “Your trading plan is a living document. Use it to learn from your experiences and continuously improve your trading skills.”

Conclusion

“Plan the Trade, Trade the Plan” is a powerful mantra that underscores the importance of discipline and strategy in trading. By creating a comprehensive trading plan and sticking to it, traders can mitigate risk, manage their emotions, and consistently work towards their financial goals. Remember Dr. Glen Brown’s wise words: “Trading is a marathon, not a sprint. The disciplined trader with a well-crafted plan is the one who will ultimately cross the finish line victorious.”

V. Adapting and Updating the Plan

While it is crucial to adhere to your trading plan, it is equally important to recognize that markets change, and so should your strategies. Dr. Brown advises, “Be open to change and adapt your plan as market conditions evolve. A dynamic trading plan will serve you better in the long run.”

VI. Building a Support System

A strong support system, such as a community of traders or a mentor, can help you maintain the discipline required to stick to your trading plan. Dr. Brown says, “Surround yourself with like-minded individuals who understand the importance of discipline in trading. Their support will keep you accountable and motivated.”

VII. Managing Expectations

Lastly, traders must manage their expectations and understand that there will be ups and downs in the market. Dr. Brown explains, “Success in trading is not measured by winning every trade, but by your overall performance over time. Embrace the process, and don’t be disheartened by temporary setbacks.”

In conclusion, “Plan the Trade, Trade the Plan” emphasizes the significance of having a well-defined trading plan and the discipline to follow it consistently. By incorporating the insights of Dr. Glen Brown, traders can improve their decision-making, manage their emotions, and steadily progress towards their financial objectives. Remember that trading success is not achieved overnight, but through consistent and strategic actions over time.

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Global Hybrid Forex Trading Strategy

Global Hybrid Forex Trading Strategy was developed by Dr. Glen Brown and aims to trade in the direction of the Micro, Short, Medium, and Long Term trends using Global Algorithmic Trading Systems(GATS)#0, #1, #2, #3, #4, #5, and #6.
This account is for research purposes and hence should not be deemed as investment advice.

Trading Forex and Leveraged Financial Instruments is highly speculative and carries a high level of risk. It is possible to lose all your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Past performance is not a reliable indicator of future performance. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs and/or any other financial instruments.

Again, Past results are not necessarily indicative of future results.

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Please read our full risk warning at https://www.globalaccountancyinstitute.com/trading-risk-disclaimer/