“Keep the powder dry” is a phrase that means to limit your trades due to harsh trading conditions.
In either choppy or extremely narrow markets, it may be better to stay on the sidelines until a clear opportunity arises.
Keep the Powder Dry
Related Terms
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A binary option is a type of options contract in which the payout will depend entirely on the outcome of a “Yes or No?” or “True or False” proposition. Don’t be intimidated! Its name may sound complicated, but binary options are arguably a simpler way to trade than traditional options or currencies. Just like traditional […]
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A limit order is an order placed to either buy below the market or sell above the market at a certain price. It is an instruction to your broker to execute a trade at a particular level that is...
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Sidelines is a phrase used to describe when traders are staying out of the markets due to directionless, choppy, or unclear market conditions. Traders are said to be “on the sidelines” or “sitting...
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If you’re looking for additional reading to supplement your forex trading education, you’ve come to the right place! Below we list just a handful of must-read forex trading books that we think are...
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The Baltic Dry Index (BDI) is a shipping and trade index that has been considered to be a leading indicator of the future trend of the economy. It was created by the London-based Baltic Exchange...