Welcome to Episode 294 of The Traders Podcast. Your host Rob Booker begins by discussing four different types of perspectives that a trader can have on the future, as is discussed in Peter Thiel’s book “Zero to One.” Rob talks about the difference between people who are optimists that believe everything will work out somehow, and those who are proactive planners with aggressive goals. Next Rob makes a distinction between making goals versus making promises.
In Episode 294, Rob also looks at the changing future of PayPal to suggest ways to focus on specific aspects of your trading. Then Rob talks about fielding the outside influences of those who try to affect your trading, directly and indirectly. All of this and more awaits you in Episode 294 of The Traders Podcast. 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.
GBP/USD steadies near 1.2450, awaits mid-tier US data
GBP/USD is keeping its range at around 1.2450 in European trading on Wednesday. A broadly muted US Dollar combined with a risk-on market mood lend support to the pair, as traders await the mid-tier US Durable Goods data for further trading directives.
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.
Crypto community reacts as BRICS considers launching stablecoin for international trade settlement
BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday.
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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