-
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 trades around 1.1700 after rebounding from 50-day EMA
EUR/USD gains ground after three days of losses, trading around 1.1700 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a potential for a bearish bias; the 14-day Relative Strength Index at 47 confirms waning momentum.
GBP/USD climbs above 1.3500 as US Dollar weakens ahead of ISM Services PMI
GBP/USD gains some ground after registering modest gains in the previous session, trading around 1.3510 during the Asian hours on Wednesday. The pair edges higher as the US Dollar struggles ahead of the US ISM Services Purchasing Managers’ Index and JOLTs job openings due later in the day.
USD/JPY turns lower to near 156.50 on fresh USD supply
USD/JPY has stalled its renewed upside near 156.80 in the Asian session on Wednesday, falling to test 156.50. The renewed US Dollar selling remains a drag on the pair even as a cautious market mood keeps the haven demand for the Japanese Yen somewhat underpinned. All eyes are on the key US data releases.
Editors’ Picks
EUR/USD trades around 1.1700 after rebounding from 50-day EMA
EUR/USD gains ground after three days of losses, trading around 1.1700 during the Asian hours on Wednesday. On the daily chart, technical analysis indicates a potential for a bearish bias; the 14-day Relative Strength Index at 47 confirms waning momentum.
GBP/USD climbs above 1.3500 as US Dollar weakens ahead of ISM Services PMI
GBP/USD gains some ground after registering modest gains in the previous session, trading around 1.3510 during the Asian hours on Wednesday. The pair edges higher as the US Dollar struggles ahead of the US ISM Services Purchasing Managers’ Index and JOLTs job openings due later in the day.
Gold pulls back from $4,500 amid profit-taking ahead of key US macro data
Gold struggles to capitalize on its strong weekly gains registered over the past two days and faces rejection near the $4,500 psychological mark, or over a one-week high touched during the Asian session on Wednesday. As investors digest the recent US attack on Venezuela, the prevalent risk-on environment prompts some profit-taking around the commodity.
Bitcoin, Ethereum and Ripple cool off as rally stalls near key resistance zones
Bitcoin, Ethereum, and Ripple prices are taking a breather on Wednesday near their key resistance levels following the recent surge. BTC faces rejection at the $94,253 level, while ETH and XRP follow BTC’s footsteps, struggling near $3,308 and $2.35, respectively.
Implications of US intervention in Venezuela
Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.
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