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On trading, journaling, and the tools we build at Tradeways.
FundamentalsGlossaryHawkish vs. Dovish: What They Actually Mean
Two words carry most of the meaning in central-bank commentary. Hawkish leans toward tighter money; dovish leans toward easier money. The nuance, and the mistakes, come from what they are measured against.
3 min read
FundamentalsGlossaryHow to Read a Central Bank Statement
A rate decision is rarely the news. The news is what changed since the last one: the guidance, the votes, the projections, the balance sheet. This is how to read a policy statement the way desks do, by comparison.
6 min read
FundamentalsWhy the Change Matters More Than the Statement
The market has read this month’s rate decision before it prints. What it hasn’t priced is the wording that quietly changed since last time. The edge is in reading the diff, not the document.
4 min read
GlossaryFundamentalsPip
A pip is the standard smallest price increment quoted in a forex pair, usually the fourth decimal place (0.0001), or the second (0.01) for JPY pairs.
3 min read
GlossaryFundamentalsLot size
Lot size is the standardized quantity of an instrument you buy or sell per trade unit — the block your broker measures every position in.
3 min read
GlossaryFundamentalsMargin
Margin is the capital your broker requires you to post as collateral to open and hold a leveraged position.
3 min read
GlossaryFundamentalsLeverage
Leverage lets you control a position larger than your deposited capital using broker margin, expressed as a ratio such as 30:1.
3 min read
MetricsFundamentalsReading MFE, MAE, and MCE
Three numbers describe every closed trade: the best it got, the worst it threatened, and what it did after you exited. Together they tell you whether your exit was structural or lucky.
3 min read
PlaybookFundamentalsMarket phases as the pre-trade filter
The same setup wins in one regime and loses in another. Classify the regime before the trade, not after.
5 min read