-
BE PREPARED & FOCUSED before you strike.
You need to stay focused, zone everything out and concentrate on nothing but what you are doing, that way you can make every strike count. -
CONSTANT TRAINING to learn automatisms.
This is important for the times when you are under big pressure because you will be more confident and you will know how to react under stress because you have trained for it! -
Have a CLEAR STRATEGY.
You need to make a plan with specific directions, criteria, risk limits, which brings me to my next rule, where you have to stick to your strategy! -
Be DISCIPLINED.
Sometimes you need to make tough decisions in order to succeed in the long term: you have to respect your risk limits, cut your losses, run your winners, and in other words, always be disciplined! -
You need to SLEEP.
You can’t play well if you don’t sleep enough. Likewise, you can’t think carefully without a good rest at night. That’s why you really need to conserve your energy and be fit for trading. -
Learn to HAVE PATIENCE.
A match lasts 90 minutes, and there are plenty of opportunities to score goals. Don't make hasty decisions. If you risk more and lose, you are likely to become emotional and start making bad trades. -
Be AGGRESSIVE if you know what you’re doing.
Unskilled or reckless tackles don’t help. Leverage is the same: higher rates of leverage aren’t your enemy, but you have to know how to use them properly. -
LEARN FROM A LOSS.
You can’t win all the games. But you can learn from your losses. You should analyze what went wrong, and apply it to the next game or trade. -
Have a WINNER MENTALITY.
If it was that easy to be a successful professional footballer, everybody would be doing that. But it’s not: you need have a winner mentality, always train harder, always push yourself more. -
Team play and LEADERSHIP are very important.
Being a good leader has been one of my priorities throughout my footballing career, especially as captain of the National Team. -
It’s alright to TAKE A SHORT BREAK.
Football is my passion, but even I, sometimes, need to take a short break. If you’ve been trading too much lately, and you are not sure where the market is going, take a break. -
BE OPEN to the unknown.
Nothing is certain in any game. For forex traders, this means that you need to minimize risk but it also means that you need to be prepared mentally for unexpected movements. -
TAKE YOUR TIME.
Trying to score too early is a common mistake because players often don’t realize that earlier isn’t always better. You need to cut your losing trades early, but you have to run your winners!
Editors’ Picks
EUR/USD drops to daily lows near 1.1630
EUR/USD now loses some traction and slips back to the area of daily lows around 1.1630 on the back of a mild bounce in the US Dollar. Fresh US data, including the September PCE inflation numbers and the latest read on December consumer sentiment, didn’t really move the needle, so the pair is still on course to finish the week with a respectable gain.
GBP/USD trims gains, recedes toward 1.3320
GBP/USD is struggling to keep its daily advance, coming under fresh pressure and retreating to the 1.3320 zone following a mild bullish attempt in the Greenback. Even though US consumer sentiment surprised to the upside, the US Dollar isn’t getting much love, as traders are far more interested in what the Fed will say next week.
Japanese Yen refreshes three-week high vs USD; seems poised to appreciate further
The Japanese Yen retains bullish bias as BoJ rate hike bets offset dismal Household Spending data. Dovish Fed expectations fail to assist the USD in attracting buyers and keep a lid on the USD/JPY pair. Traders keenly await the US PCE Price Index for Fed rate-cut cues and a fresh directional impetus.
Editors’ Picks
EUR/USD drops to daily lows near 1.1630
EUR/USD now loses some traction and slips back to the area of daily lows around 1.1630 on the back of a mild bounce in the US Dollar. Fresh US data, including the September PCE inflation numbers and the latest read on December consumer sentiment, didn’t really move the needle, so the pair is still on course to finish the week with a respectable gain.
GBP/USD trims gains, recedes toward 1.3320
GBP/USD is struggling to keep its daily advance, coming under fresh pressure and retreating to the 1.3320 zone following a mild bullish attempt in the Greenback. Even though US consumer sentiment surprised to the upside, the US Dollar isn’t getting much love, as traders are far more interested in what the Fed will say next week.
Gold makes a U-turn, back to $4,200
Gold is now losing the grip and receding to the key $4,200 region per troy ounce following some signs of life in the Greenback and a marked bounce in US Treasury yields across the board. The positive outlook for the precious metal, however, remains underpinned by steady bets for extra easing by the Fed.
Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut
Bitcoin is steadying above $91,000 at the time of writing on Friday. Ethereum remains above $3,100, reflecting positive sentiment ahead of the Federal Reserve's (Fed) monetary policy meeting on December 10.
Week ahead – Rate cut or market shock? The Fed decides
Fed rate cut widely expected; dot plot and overall meeting rhetoric also matter. Risk appetite is supported by Fed rate cut expectations; cryptos show signs of life. RBA, BoC and SNB also meet; chances of surprises are relatively low.
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