<h3 style="text-align: center;"><strong>THE WEEKLY FX DRIVE THRU
</strong><strong>and
</strong><strong>THE PREMIUM SERVICE
</strong><strong>(The Home of Single-Lot $$$$ Trading)</strong></h3>
<strong>DATE: 15.02.2015
REFERENCE: #139
</strong><strong>BLOG VERSION: THE WEEKLY FX DRIVE THRU</strong>

&nbsp;
<ol>
	<li><strong><span style="text-decoration: underline;"> INTRODUCTION / LOOKING BACK OVER THE PAST WEEK:</span></strong></li>
</ol>
I feel the same as last week by saying “Thank God that last week is over”.

Another short squeeze on Thursday last week took away profits earned since the previous squeeze… annoying, painful, frustrating and basically a pain in the arse.

I wrote to PREMIUM SERVICE subscribers the morning of the latest squeeze that I felt as if the U.S. Retail Sales numbers were going to disappoint and that we should be ready for a spike and then a pullback to the pre news levels. This basically happened and then we had a Greece rumour and oil… the rest is history. A nice commodity currency squeeze, at this point I exited EVERYTHING limit orders 100% flat. I spoke with a couple of subscribers who decided to sit through squeeze 1…. but most of them covered trades in squeeze 2. After the previous week, I just decided to exit 100%, using the often-quoted phrase of “Your first loss is your best loss”. One point I must make is that usually we have a single currency squeeze but the ascendancy of these total market squeezes scares me as the moves are unrelenting, wild, crazy, volatile and they are unforgiving wiping out both long and short traders. It certainly has been a wild ride trading Forex in 2015 so far, and, we are not even at the end of the first quarter.

The big news over the past week is the continuing “Mexican Stand-Off” between the New Greek government officials versus the EUROZONE although you could be forgiven for believing that it is Greece versus Germany. This on-going battle over potential debt forgiveness has legs to run. The hospitality service industry is still on RED ALERT in Brussels as they are expecting more meetings. The local cheese mongers and wine boutiques are re-stocking in the full knowledge that the numbers of “Cheese &amp; Wine” hosted events by EUROZONE official’s sees no pullback. In fact, it is the only bloody growth business in Brussels apart from hookers for the MEP’s and EUROZONE officials to pass time with. It’s a tough job, but someone’s got to do it.

After the EUROZONE matter, UKRAINE re-appeared in the news, even though it was always there just not really covered here in North America.

From a Forex perspective the volatility in oil, which, I alluded to earlier, was a huge trading influence, in particular with the CAD, which, seems to be now treated as a proxy for oil.

BOE Governor Carney, did what was predicted by being hawkish when presenting the quarterly Inflation report, which has created a GBP breakout. The PREMIUM SERVICE is positioned to take advantage of this… trades are in position as I have several limit orders in position to get back into LIVE trading again.

The Australian Jobs data last Wednesday were poor and although the AUD initially fell it has bounced back strongly on the back of the aforementioned squeeze and continued higher on the back of U.S. equities posting new highs. It is in fact from the lows post jobs data to highs today a move of 125 pips or so, which, does not sound much but we have a very dovish rate-cutting RBA in play. They will NOT be happy with levels above 0.7700.

So, the PREMIUM SERVICE enters next week a little over flat for the month and actually almost on target for 2015. I have LIMIT ORDERS in place plus a few trade ideas in my head that I need to confirm by chart analysis to hopefully capture some nice profitable trades once more. I am hoping that next week I can start off the blog with something other than “Doom and Gloom”.

Time will tell.

&nbsp;
<ol start="2">
	<li><strong><span style="text-decoration: underline;"> WHAT’S ON MY MIND: -
THE FUNDAMENTAL TRADERS OVERVIEW:</span></strong></li>
</ol>
<p style="text-align: center;"><strong>FUNDAMENTALLY, IN SPITE OF RECENT MOVES I AM STILL A USD BULL</strong></p>
Last week I talked about “Merry go-rounds” and “Roller Coasters” and to a large extent I think that we are still at Six Flags, Alton Towers or a Disney Theme Park.

Whether we are near the end of the ride or about to go and line up again for another thrill-seeking adventure, I wish I knew.

But I do know that all markets are still over-stretched and valuations are also being stretched in equities. The constant desire for value in equities and the fact that markets all over the world are instantly accessible, coupled with money flows in or out of a country being instantaneous, means that GREED is driving the ever growing desire for an edge and this GREED is the key driver of increasing volatility. This volatility is best seen right now in Oil and Bonds and general Commodities. It is driving rumours and creating vacuums in flows and when added to the geopolitical events is it any wonder that we have FEAR and GREED dominating matters and for us Forex traders this creates squeezes driven by FEAR and GREED, which have been so volatile, long-lasting and complete washouts of both ends of the trading range suckering both long and short traders and cleaning them out.

To be a FOREX trading survivor of this is a credit to your disciplines: -
<p style="text-align: center;"><em>POSITION SIZING
</em><em>RISK MANAGEMENT
</em><em>PLANNING YOUR TRADES and TRADING YOUR PLAN
</em><em>RISK ASSESSMENT</em></p>
I have had six or seven different PREMIUM SERVICE subscribers telling me of their own experiences over the past few days and so far in 2015 overall, in addition, they have asked me about what are my thoughts for the coming weeks and months ahead.

Have my FUNDAMENTAL views altered?

The obvious answer is that if I knew what was about to happen, I would not be writing this blog!

I gave answers to my subscribers roughly as follows and being able to take time away from charts and price movements to explain in a little more detail is good karma.

I am FUNDAMENTALLY long the USD for the following basic and straightforward reason: - CENTRAL BANK DIVERGENCES.

Plus, like it or not when it all comes down to Central Bank policies, lets face it the FED is king. This year whether it be the right thing to do or not the FED is going to raise interest rates in the U.S. They simply CANNOT AFFORD not to, should they back track they will be fu**ed as the markets would never believe another word about their monetary policy statements ever again. It is that simple in my opinion.

Even with the recent geopolitical data surrounding GREECE and UKRAINE, domestic life in the U.S. goes on and economic data worldwide continues to be released. Whether you believe the released data is another matter. The recent 35% error in employment data in 2014 recently corrected by the Canadian Government being a case in point. Markets move on the data and we have allowed Governments the luxury of corrections the following month. In my eyes this shows poor management and it gives ineffective politicians an excuse. Having said that did anyone in Ottawa get sacked for the unheard of amendment in Canadian data?
<p style="text-align: center;"><strong><em>Here was my tweet on January 29<sup>th</sup> 2015 from @pipaccumulator
CANADA NEEDS ACCOUNTANTS:
</em><em>Canadian labor market added +121.3K jobs in 2014, NOT +185.7K as originally estimated. That's a -34.7% revision!</em></strong></p>
Moving back on track….

The FED and the BOE with “anyway the winds blow Carney” at the helm are in the raising interest rates camp… THE HAWKS.

The BOJ, ECB, RBA, BOC and SNB are on the other side… THE DOVES.

The RBNZ as far as I’m concerned, the jury is out… THE NOT QUITE SURE.

I know that I am re-iterating content that I have used in a similar form before but it is still valid.

The markets are basically all about Commodities and Central Banks. It is this relationship that is crucial. Right now there is divergence, my lead indicators are screwed up: -
<p style="text-align: center;"><em>AUD/USD
AUD/JPY
</em><em>USD/CAD
</em><em>GOLD
</em><em>OIL
</em><em>COPPER
</em><em>USD/SEK</em></p>
However, the Central Banks still have the power to move markets, some are temporary one is NOT. The FED is the king to direct and move markets domestically and more importantly internationally and therefore this is my overriding key driver for my belief that my FUNDAMENTAL view that I should be biased to being long the USD still holds strong in my decision making process.

Now…

Not everything is a straight-line movement; there is intra-day volatility that produces stair steps in the overall direction.

The USD index is banging its head on resistance once again looking possibly set to make a run at a triple digit handle. This is HUGE… I mean REALLY HUGE.

Big support or resistance levels in whatever financial markets you look at create a period of consolidation prior to attempting a breakout or breakdown, thus we are in effect entering ranging markets. As a Forex trader that is what we have today. Just for good measure these extremes also cause the flush outs / squeezes as well, but as stated earlier these I believe are rooted in basic FEAR and GREED. As we all know the two key drivers of the Forex market are FEAR and GREED.

The question that I still cannot answer to my PREMIUM SERVICE subscribers that posed it, it for how long do we consolidate and range trade?

There are many traders out there having the time of their lives because they have the knack of range trading. I am fecking awful at range trading… I suck.

All that said what should one do?

In my opinion, I think it is just the core traits of a Forex trader that need to be re-visited and maybe slightly re-aligned for the time being.

Firstly, manage POSITION SIZES a little below usual sizes. Remember longevity in trading can only be achieved through effective MONEY and RISK MANAGEMENT.

Secondly, maybe reduce the number of active LIVE TRADES to allow you better management of trades in case you need to adjust.

Thirdly, protect profits earlier than maybe you would do. You can always use the “woulda coulda shoulda” retort to a bad trade, but you should never complain if you are banking $$$$. Isn’t this what trading is about?

&nbsp;
<ol start="3">
	<li><strong><span style="text-decoration: underline;"> THE PREMIUM SERVICE:</span></strong></li>
</ol>
<strong><span style="text-decoration: underline;">SUMMARY OF PERFORMANCE:</span></strong>

<span style="text-decoration: underline;">3.1 OVERVIEW:</span>

For new readers who may not be aware, I refer to the PREMIUM SERVICE quite a lot in this blog and for more details about what it is, and, how much it costs, you will need to go the welcome page of <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> At the top of the page there are three drop down menus: PREMIUM SERVICE, PROMOTIONS (if available), SIGN-UP and DISCLAIMER. Further details and how to join are all contained there. You will need at PayPal account to subscribe.

<span style="text-decoration: underline;">3.2 PREMIUM SERVICE – SUBSCRIPTION COSTS:</span>

Full details regarding the PREMIUM SERVICE can be found on my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

On the welcome page there are a series of TABS at the top of the page that provide a summary of what the PREMIUM SERVICE is about and what you receive for your subscription.

THE 2015 SUBSCRIPTION BREAKDOWN IS AS FOLLOWS: -

10 weeks - $200.00
20 weeks - $350.00
40 weeks - $500.00

<span style="text-decoration: underline;">3.3 TRADING REVIEW OF ACTIVITY and SUMMARY OF PERFORMANCE:</span>

Last week was another bugger of a week. I gave back hard earned profits from losses on the previous weeks squeeze and a bit more with last Thursday’s action. Being positive my action to cut and level all trades when I did was the best decision looking at what has subsequently transpired.

In the past seven days there were some great pips earned on the commodity cross-rate pairs to bring my pip profits back in line but sadly as these trades are of a more volatile nature the $$$ value from these trades is not as high as USD major trades so $$$ wise my trading accounts are still behind objective. When you consider that after the squeeze two weeks ago and the SNB day added the PREMIUM SERVICE has had to recover over 1,200 pips. This has been done, now its down to some nice $$$ trades over the next two / three weeks.

As I have written before and there are articles inside the PREMIUM SERVICE website under the EDUCATION TAB titled TRADING ESSENTIALS, where you can find pieces that I have added about TRADING CONSISTENCIES.

For me it’s now all about still locating the high probability trades, identifying the places of interest for buyers and sellers, looking at Fibonacci levels, pivot points, SMA’s, “Bollinger’s” and horizontal support and resistances placing trades and sending alerts to subscribers so that we can all earn some $$$.

In the past week the ratio between profitable trades and loss making trades has not improved due to trades being cut short in the squeezes and my approach of taking losses just to exit the madness. This will improve as the year progresses as I believe that the methods used in the past to identify high probability trades has not left me, it has just been a series of market moving events outside of my control that has given me this blip. On a more positive point, with the pips total coming back it gives me a great base to work from moving forward.

I should also mention that if you traded just single lot trades as per the PREMIUM SERVICE suggested trade set-ups your trading account would be positive. It is our desire (GREED), to make more $$$ that makes us trade multiple lots of different lot sizes that creates the difference in performance as some lower value lot trades may have the greatest pip gain and the higher value lot trades may have small losses. When you combine the two, you can have pips without $$$. I had this on one account I traded in 2014, by the year-end trades had balanced out and it made a return of 25%, which, is still considerably more than the bank or a typical stock market return.

As I stated earlier it is not all “Doom and Gloom”, you must take a longer-term view of your trading activity.

The usual summary charts detailing the week and year to date performances, are below: -

&nbsp;

<span style="text-decoration: underline;">3.3.1. – PREMIUM SERVICE PROFIT/LOSS RATIOS:</span>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-15022015.png"><img class="aligncenter size-full wp-image-5299" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PROFIT-LOSS-RATIOS-15022015.png" alt="PROFIT-LOSS RATIOS 15022015" width="401" height="572" /></a>

<span style="text-decoration: underline;">3.3.2. – PREMIUM SERVICE RISK/REWARD ANALYSIS:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-15022105.png"><img class="aligncenter size-full wp-image-5300" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/RISK-REWARD-15022105.png" alt="RISK-REWARD 15022105" width="420" height="534" /></a>

&nbsp;

<span style="text-decoration: underline;">3.3.3. – PREMIUM SERVICE OVERALL TRADE SUMMARY MONTH &amp; YTD:</span>

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-15022015.png"><img class="aligncenter size-full wp-image-5301" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS1-15022015.png" alt="PREM SERV PROFITS1 15022015" width="452" height="438" /></a>

&nbsp;

<a href="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS2-15022015.png"><img class="aligncenter size-full wp-image-5302" src="https://weeklyfxdrivethru.com/wp-content/uploads/2015/02/PREM-SERV-PROFITS2-15022015.png" alt="PREM SERV PROFITS2 15022015" width="454" height="428" /></a>

&nbsp;

<span style="text-decoration: underline;">3.4 THE PREMIUM SERVICE – 2015 PROMOTION:</span><strong> </strong>
<p style="text-align: center;"><span style="color: #ff0000;"><strong>PLEASE NOTE THAT THERE ARE ONLY TWO WEEKS LEFT
</strong><strong>THE PROMOTION EXPIRES IN TWO WEEKS</strong></span></p>
Keeping your PREMIUM SERVICE trades separate from your own trades can give you an instant direct performance comparison.

If you open a separate account with any of my trading partners / preferred brokers CWMFX, AvaTrade or Blackwell Global, you will be eligible for “BONUS WEEKS” to be added to your subscription.

This is in addition to the account-opening bonuses for new clients offered by AvaTrade, (see their website www.avatrade.com for full details), or, Blackwell Global (contact me directly for bonus details)

The promotion also applies to CWMFX accounts as well. They offer very tight rate spreads as an alternative to account opening bonuses offered by AvaTrade and Blackwell Global.

If you intend to be or are a longer-term position style trader only looking at your computer once a day tight rate spreads may not be as important to you and as such, the AvaTrade or Blackwell Global bonus may be more appealing to you.

Conversely, if you intend to be a more active trader the CWMFX tight rate spreads will be of more interest.

The choice is yours.

This promotion with my associated trading partners will expire of Saturday 28th

February 2015…it is really very limited: -
<ol>
	<li><strong>Subscribe to the PREMIUM SERVICE:</strong></li>
</ol>
You will need to go to the welcome page of my website <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

Click on the sign-up tab at the top of the page.

2015 PREMIUM SERVICE SUBSCRIPTION RATES

10 weeks = $200.00
20 weeks = $350.00
40 weeks = $500.00 (full year / annual subscription)

NOTE: I limit my trading during periods of thin liquidity such as Christmas / New Year and Late July / August summer vacation times.

Hence, 40 weeks is equal to an annual subscription.
<ol start="2">
	<li><strong>Open a LIVE account clicking on the “BANNER” of the broker of your choice on my website.</strong></li>
</ol>
This will enable you to achieve a trading bonus direct from AvaTrade or BLACKWELL GLOBAL or opt for the tight rate spreads from CWMFX.

For Blackwell Global advise me of what you are doing and I will guide you through the process.

All the banners are on the welcome page of my website

www.weeklyfxdrivethru.com
<ol start="3">
	<li><strong>PREMIUM SERVICE – BONUS WEEKS PROMOTION:</strong></li>
</ol>
Once the LIVE trading account is confirmed and funded, I will extended

PREMIUM SERVICE subscription periods as follows after you have advised me what you have done via email at <a href="mailto:premiumservice@weeklyfxdrivethru.com">premiumservice@weeklyfxdrivethru.com</a>: -
<p style="text-align: center;"><span style="color: #0000ff;"><strong>10-week subscriptions will receive a bonus of 5 weeks (15 weeks total)</strong></span>
<span style="color: #0000ff;"><strong>Your subscription would be equivalent to $13.33 per week.</strong></span></p>
<p style="text-align: center;"><span style="color: #0000ff;"><strong>20-week subscriptions will receive a bonus of 10 weeks (30 weeks total)</strong></span>
<span style="color: #0000ff;"><strong>Your subscription would be equivalent to $11.66 per week.</strong></span></p>
<p style="text-align: center;"><span style="color: #0000ff;"><strong>40-week subscriptions will receive a bonus of 20 weeks (60 weeks total)</strong></span>
<span style="color: #0000ff;"><strong>Your subscription would be equivalent to $8.33 per week.</strong></span></p>
This promotion represents the best offer that I have participated in and has an unbelievable value. It is simply the best that I have ever promoted and is a great way to start trading in 2015.

It would hopefully be the start of a very profitable relationship together.
<ol start="4">
	<li><strong>PLEASE NOTE: - THE FOLLOWING CONDITIONS TO THE PROMOTION:</strong></li>
</ol>
Only broker accounts opened via the banner on my website www.weeklyfxdrivethru.com are accepted for the PREMIUM SERVICE BONUS WEEKS PROMOTION.

For the “BONUS WEEKS PROMOTION” in subscription weeks to the

PREMIUM SERVICE to remain intact you must meet the AvaTrade, Blackwell Global or CWMFX requirements for operating your broker account. Should your account with AvaTrade, Blackwell Global or CWMFX cease to be valid and close the “BONUS WEEKS” segment of the PREMIUM SERVICE promotion will also be withdrawn.

This PREMIUM SERVICE “BONUS WEEKS PROMOTION” is only available with this offer and is 100% linked to the AvaTrade, Blackwell Global or CWMFX LIVE accounts being opened via the banners on the welcome page of my website www.weeklyfxdrivethru.com

&nbsp;
<ol start="4">
	<li><strong><span style="text-decoration: underline;"> PREMIUM SERVICE SUBSCRIBER EXCLUSIVE CONTENT:</span></strong></li>
</ol>
(Section 4 is exclusive PREMIUM SERVICE content only available to PREMIUM SERVICE subscribers)

<span style="text-decoration: underline;">4.1 EDUCATION:
</span>

<span style="text-decoration: underline;">4.2 THE PREMIUM SERVICE - EXISTING LIVE TRADES:</span>

<span style="text-decoration: underline;">4.3 THE PREMIUM SERVICE - TRADES THAT ARE ON MY RADAR:</span>

<span style="text-decoration: underline;">4.4 MAJOR TRADING PAIRS WITH LONGER-TERM TRENDS MATCHING:</span>

<span style="text-decoration: underline;">4.5 THE KEY SUPPORT &amp; RESISTANCE LEVELS WITH THE USD MAJORS</span><strong><span style="text-decoration: underline;">:</span></strong>

&nbsp;

&nbsp;
<ol start="5">
	<li><strong><span style="text-decoration: underline;"> THE WEEK AHEAD: -
WHAT AM I THINKING &amp; WHAT AM I LOOKING AT?</span></strong></li>
</ol>
<span style="text-decoration: underline;">5.1 MAJOR FOREX NEWS THIS WEEK THAT INTERESTS ME:</span>

SUNDAY: NZD – Retail Sales.

MONDAY: AUD – Monetary Policy Meeting Minutes.
MONDAY: EUR – EUROGROUP meetings.

TUESDAY: GBP - CPi.
TUESDAY: EUR – German ZEW Economic Sentiment.
TUESDAY: NZD – Dairy Auction Prices.

WEDNESDAY: GBP – Employment Data.
WEDNESDAY: USD – FOMC Meeting Minutes.

THURSDAY: N/A.

FRIDAY: EUR – French and German Flash Manufacturing PMi.
FRIDAY: GBP – Retail Sales.
FRIDAY: CAD – Core Retail Sales.

&nbsp;

<span style="text-decoration: underline;">5.2 FINAL THOUGHTS / CLOSING COMMENTS:</span>

I think that GREECE and the EUROZONE will be the dominant news factors this coming week.

As I always say with all events EUROZONE watch out for the sound-bytes from the many politicians and hangers-on who just love their 30 seconds of fame.

Be careful of Nowotny and Schaeuble, they are pains in the ass for liking the sounds of their own voices, even if what they say is utter boll**ks or bulls**t.

There will be trades to trade and there will be some great opportunities, please trade in line with your RISK MANAGEMENT parameters from your TRADING PLAN. If you do not have a TRADE PLAN, in my opinion, you should, as this will help you with consistency.
<p style="text-align: center;"><strong>Consistency = longevity in trading and that is a critical goal.
IT IS THE KEY MEASUREMENT</strong></p>
Before you enter a trade work out the risk, price it in $$$. Place your stop accordingly. PREMIUM SERVICE subscribers have a full library of information on RISK MANAGEMENT, RISK TOLERANCES and POSITION SIZING etc. available for reference 24x7.

Take care.

Scott Pickering
The Pip Accumulator
Sunday February 15th 2015

EMAIL / FOLLOW ME AT:
drivethru@weeklyfxdrivethru.com
Twitter: @pipaccumulator
<span style="line-height: 1.5;">Google+/scottpickering
</span>Tumblr: thepipaccumulator

&nbsp;

<strong><span style="text-decoration: underline;">DISCLAIMER &amp; OTHER DATA:</span></strong>

<span style="text-decoration: underline;">SUBSCRIBING TO THE “FREE VERSION” OF THE WEEKLY FX DRIVE THRU:</span>

If you like what you have almost completed reading and want to have THE WEEKLY FX DRIVE THRU delivered direct to your email inbox next week, here is what you do: -

Go to my website: - <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a>

On the right hand side of the welcome page under my bio “about me” there is a blue box titled SUBSCRIBE TO FREE NEWSLETTER, click on profile and add your email address. It is as simple and straightforward as that.

I do NOT sell your email data to anyone…do not worry.

<span style="text-decoration: underline;">THIRD PARTY COMPANIES WITH BANNERS ON MY WEBSITE:</span>

There are a small number of companies with banners on my website. In the interests of full disclosure I have a reciprocal business arrangement with these companies to promote their products.

Unlike many of my competitors, I use the products and services provided by these companies. I will NOT allow any third party on my website unless I am 100% happy that they can back up their promise.

By virtue of the fact, I work with these companies almost daily. I am more than confident to have them advertise on my website.

Any reader who buys products or services from any advertiser via a banner on my website, <a href="http://www.weeklyfxdrivethru.com">www.weeklyfxdrivethru.com</a> will automatically have my help and assistance with any issues that they may have with my partnered advertisers.

<span style="text-decoration: underline;">TRADING &amp; PERFORMANCES DISCLAIMER:</span>

FLASH, RADAR and FUNDAMENTAL trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.