For Episode 272 of The Traders Podcast, your host Rob Booker is broadcasting from the happiest place on Earth: Disneyland in Anaheim, California. Rob begins by listing all the things he did not learn while at Disneyland. Then Rob suggests that you don’t learn much about trading from trading. He discusses the contrast between our lack of perspective while in the midst of a learning experience (such as trading), versus the insights that come after having passed through said experience.
Rob also talks about the benefits of making your decisions in advance, in order to avoid confusion when the pressure is on. Rob wraps up this show with some ideas for improving your trading by explaining what he does to keep himself in line. Be sure to subscribe to The Traders Podcast — free in iTunes — and thanks for listening.
Editors’ Picks
EUR/USD hovers around 1.0700 ahead of German IFO survey
EUR/USD is consolidating recovery gains at around 1.0700 in the European morning on Wednesday. The pair stays afloat amid strong Eurozone business activity data against cooling US manufacturing and services sectors. Germany's IFO survey is next in focus.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold: Defending $2,318 support is critical for XAU/USD
Gold price is nursing losses while holding above $2,300 early Wednesday, stalling its two-day decline, as traders look forward to the mid-tier US economic data for fresh cues on the US Federal Reserve interest rates outlook.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin (WLD) price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.
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