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…
Tag: Volatility
Every story we have filed in this section, newest first.
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,…
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…
Cryptocurrencies
Stablecoins: the plumbing everything else in crypto rests on
Most crypto trading is denominated in stablecoins rather than dollars. What backs them, and how quickly that backing can be verified, is a systemic question dressed…
Forex News
AUD/USD: a commodity currency that trades on someone else’s economy
The Australian dollar responds to Chinese industrial demand and global risk appetite more reliably than to Australian data. That makes it a growth proxy first and…