Summary
Trading profitably is not a natural thing. Why is this? How can I change my trading so that I adopt profitable habits? Why do I have trading instincts that do not help me achieve consistent profits? How do I adopt trading skills so that I start to make more money from my trading? In this session we will look at why trading profitably is not natural (where bad trading habits come from) and how to get rid of these trading habits and replace them with profitable trading habits. At the end of the session we will look at the current naked trading setups in the market to see if we can use these new habits on the current price action in the market.Latest Live Videos
Editors’ Picks
When is the Australian Trade Data and how it could affect AUD/USD?
The Australian Bureau of Statistics will publish its data for January on Thursday at 00.30 GMT. AUD/USD trades on a positive note on the day in the lead up to the Australian Trade Data. The pair gains ground as the US dollar ignored the positive employment data and ISM Services PMI data.
USD/JPY pulls back from weekly highs as Yen steadies near 157.00
USD/JPY slipped 0.42% on Wednesday, pulling back to around 157.00 after pushing close to 157.90 earlier in the session. The pair has been chopping in a wide range between about 152.00 and 159.00 since late January, with alternating large-bodied bullish and bearish candles pointing to a tug-of-war between opposing forces.
Gold recovers modestly despite intensifying Middle East crisis
Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.
Morgan Stanley files amended S-1 for spot Bitcoin ETF
Morgan Stanley submitted an amended S-1 filing to the US Securities and Exchange Commission on Wednesday, providing additional details on its proposed Bitcoin exchange-traded fund.
First Venezuela, now Iran: The US-China energy war escalates Premium
At first glance, the latest escalation involving the United States with both Iran and Venezuela looks like another chapter in a long-running geopolitical story. But viewed through a broader strategic lens, something else may be unfolding: Energy.
Here is what you need to know on Thursday, March 5:
The US Dollar (USD) eased on Wednesday after a two-day rally drove the US Dollar Index (DXY) near the 100.00 mark. The Greenback ignored the positive employment data and ISM Services PMI as the ongoing war between the US and Iran weights on sentiment.