We’ve been waiting, wondering just how big the cut would be, and now we have our answer.

It’s MASSIVE—larger than many analysts predicted just a week ago!

The bank's forecast even signals that rates could drop another half percentage point by the end of the year.

This is a milestone moment for the US economy and a signal to markets worldwide.

So, what does this mean for you? How will this decision ripple through your finances, investments, and future moves?

We’ll break down all the major stories coming out of this rate cut, its effects on the markets, and what it means for your money—next!

🔝 Crypto Markets Could See a Big Boost Thanks to Rate Cut

As the Federal Reserve announces its interest rate decision. A larger-than-expected cut could be a major boost for cryptocurrencies, but a smaller cut could send prices tumbling. Let's break down what's at stake.

👀 Asia Markets on Edge as Dollar Wobbles

Asia's markets were a mixed bag on Wednesday as everyone waited with bated breath for the Federal Reserve's big decision on interest rates. 

🗓️ Fed Rate Cut May Take Time to Impact Economy

While the highly anticipated Federal Reserve interest rate cut is a major event, don't expect immediate relief. How long will it take for the full impact of the cut to be felt across the economy: months or years?

🖥️ Is Broadcom Inc. A Solid Bet?

As a beginner investor, should you chase the elusive "alpha" with stocks like Broadcom, or stick to the tried-and-true advice of investing in a broad-based index fund? Let's dive into the pros and cons.

🤷‍♂️ Bitcoin Experts Divided on Post-Fed Rate Cut Trajectory

Bitcoin is poised for a dramatic move. Some analysts predict a "super bullish" run, while others warn of a potential "sell the news" scenario. Let's dive into the expert opinions and see what the future might hold for the world's leading cryptocurrency.

🇨🇦  Fed Rate Cut: Initial Impact on Canadian Dollar

The Canadian dollar faced headwinds as investors awaited the Federal Reserve's interest rate decision on Wednesday. Weak inflation data and uncertainty about the Fed's move were the biggest factors.

🇬🇧  Pound Sterling Held Steady Ahead of UK Inflation Data

The British pound traded cautiously as investors awaited the release of UK inflation data, which could have significantly impacted the Bank of England's interest rate decision.

Rectangle

In the financial markets, this back-and-forth battle often manifests as a "rectangle" pattern on a price chart. 

It's a period of consolidation where prices bounce between well-defined support and resistance levels, indicating a temporary stalemate between buyers and sellers.

Why is it Important?

The rectangle pattern is a continuation pattern, suggesting that the prevailing trend (either uptrend or downtrend) is likely to resume after the consolidation period. 

What to Look For:

• Horizontal Support and Resistance: The pattern is characterized by two horizontal lines: a support level that prevents the price from falling further, and a resistance level that stops the price from rising higher.
• Consolidation: The price bounces back and forth between the support and resistance levels, forming the rectangular shape.
• Breakout: The pattern is confirmed when the price breaks out of the rectangle in either direction, often with increased volume. This signals a potential continuation of the previous trend or a reversal.

Let’s face it – not setting a stop loss on your trades has probably done more damage than good. 

I’ve been there myself, and I can tell you, it’s a slippery slope.

Here’s what happens when you skip that simple yet crucial step:

• You start praying for price reversals – hoping the market turns in your favor. But guess what? The market doesn’t care about your prayers.
• You forget you’re not psychic – the market can turn on you faster than you can blink, and without a stop loss, you’re leaving yourself wide open to massive losses.
• You’ll lose more than you need to – a stop loss caps your downside. Without it, your losses can spiral out of control.
• You reinforce bad habits – if you make a profit without a stop loss, it’s like rewarding bad behavior. You’ll do it again, and sooner or later, it’ll catch up to you.
• Prop firms don’t play around – some firms will close your account if you don’t protect your trades with stop losses. They won’t take that risk for you.

The bottom line?

Experience doesn’t always have to be your best teacher. 

Learn from the mistakes of other traders and avoid the ones that could cost you big time.