Trading index CFDs: what you are actually buying
An index CFD is not the index, and it is not a share in anything. Understanding what sits behind the…
Month: August 2026
Every story we have filed in this section, newest first.
The yield curve, read properly: what inversion does and does not predict
Inversion is the most over-quoted signal in macro. What it actually encodes is an expectation of future easing - and…
News
Reading PMIs: the diffusion index that leads everything else
Purchasing managers surveys arrive weeks before hard data and move currencies more than their sample size deserves. The trick is knowing what a diffusion index can…
News
Labour market data: why the unemployment rate is the least useful number in the report
The headline everyone quotes is a ratio with a moving denominator. The numbers that shift rate expectations sit further down the release.
Education
The trading journal that actually changes behaviour
Most journals record what happened. A useful one records what you believed at the time, which is the only way to find out whether your process…
Education
Backtesting: the five ways a good-looking equity curve lies to you
Any rule can be made profitable on past data. The discipline is knowing the specific ways a backtest flatters itself, and testing for each one deliberately.
Education
Order types: market, limit, stop, and when each one costs you money
The order type you choose decides whether you control the price or the certainty of getting filled. You cannot have both, and picking the wrong trade-off…
Education
Correlation: why your six positions are really one position
Spreading risk across six trades that all depend on the same thing is not diversification. It is one trade at six times the size, and it…
Education
A-book, B-book and what happens to your order after you click
Some brokers pass your order to the market. Some take the other side of it themselves. Most do both, and which one you get depends on…
Central Banks
Forward guidance: how central banks move markets without moving rates
Policy works through expectations, not through the overnight rate itself. That makes the words a committee chooses a policy instrument in their own right.