-
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 comes under pressure near 1.1600
EUR/USD is now facing increasing selling pressure, abandoning the area of recent daily highs and refocusing on the 1.1600 region amid decent losses for the day. The pair’s correction comes in response to the acceptable bounce in the US Dollar, while traders gear up for upcoming key data releases in the US.
GBP/USD recedes to 1.3140 on USD rebound
GBP/USD remains on the back foot on Friday, retreating to the 1.3140 region on the back of the marked upside impulse in the Greenback. In the meantime, worries about the UK’s fiscal discipline and political stability keep the British Pound under scrutiny, weighing on Cable. Adding to the noise, reports suggested PM Starmer and Chancellor Reeves have shelved plans to raise income tax rates.
Japanese Yen struggles near nine-month low against USD as BoJ rate-hike doubts persist
The Japanese Yen struggles to attract any meaningful buyers and languishes near a nine-month trough, touched against its American counterpart the previous day. Japan's Prime Minister Sanae Takaichi on Wednesday expressed her administration's preference for interest rates to stay low and asked for close coordination on policy with the Bank of Japan.
Editors’ Picks
EUR/USD comes under pressure near 1.1600
EUR/USD is now facing increasing selling pressure, abandoning the area of recent daily highs and refocusing on the 1.1600 region amid decent losses for the day. The pair’s correction comes in response to the acceptable bounce in the US Dollar, while traders gear up for upcoming key data releases in the US.
GBP/USD recedes to 1.3140 on USD rebound
GBP/USD remains on the back foot on Friday, retreating to the 1.3140 region on the back of the marked upside impulse in the Greenback. In the meantime, worries about the UK’s fiscal discipline and political stability keep the British Pound under scrutiny, weighing on Cable. Adding to the noise, reports suggested PM Starmer and Chancellor Reeves have shelved plans to raise income tax rates.
Gold meets some contention just above $4,000
Gold trade with heavy losses, approaching the key $4,000 mark per troy ounce on the back of the marked bounce in the US Dollar, higher US Treasury yields across the curve and fading expectations for a Fed rate cut in December.
Crypto Today: Bitcoin, Ethereum, XRP sell-off persists amid low institutional and retail demand
Bitcoin is trading above $97,000 at the time of writing on Friday amid a sticky bearish wave in the broader cryptocurrency market. The sell-off extends to altcoins, with Ethereum and Ripple hovering below $3,200 and $2.30, respectively.
Weekly focus: Looking towards post-shutdown US data
The end of US government shutdown was not enough to drive a lasting recovery in markets' risk appetite, with equity and bond markets weakening towards the end of the week.
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