Market psychology is the most important aspect of trading. An individual must be mentally prepared so that to be able to enter the market with confidence and trade without fear. A trader should also know how to trade based on a specific set of criteria that will enable him/her to know how to react to different scenarios that may occur. 

 

 

Topics

Understand how most traders think and act.
Understand how a disciplined trader should think and act.
Understand how to trade without fear.
Present a set of rules to define a trading plan.
Present the process of preparing yourself when different scenarios occur.
Understand why we should think in probabilities.
Understand how to prepare your day for trading.
Present mental and practical exercises to progress to the next Level.
Present the fear and the happiness  zones.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The above materials are considered marketing communications and do not reflect independent investment research or a solicitation of advice or recommendations pursuant to compliance within the existing regulatory structure and licensing. Finmarket, operated by KDNA shall not accept any responsibility for any losses of traders in Forex or CFD products due to the use and content of the relevant information prescribed herein.

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Editors’ Picks

EUR/USD pressured toward 1.17 on Evergrande crisis

EUR/USD is extending its losses, falling toward 1.17. The safe-haven dollar is in demand as the crisis around China's Evergrande deepens and a global slowdown is feared. Tensions toward the Fed decision and also Germany's elections are taking their toll too.

EUR/USD News

GBP/USD tumbles under 1.37, succumbing to dollar strength

GBP/USD is trading under 1.37, suffering from robust dollar demand. The financial woes of China's Evergrande threaten a drop in global demand. Soaring energy prices are also weighing on sentiment. The Fed and the BOE are eyed later this week.

GBP/USD News

USD/JPY hangs near 110.00 on firmer USD, risk-aversion

USD/JPY treads water in the early Asia session on Monday morning. The pair tested the low of 109.21 in the previous week and remained pressured near 110.00, only to trade in a very narrow trade band. At the time of writing, USD/JPY is trading at 109.97 down 0.01% for the day.

USD/JPY News

Editors’ Picks

EUR/USD pressured toward 1.17 on Evergrande crisis

EUR/USD is extending its losses, falling toward 1.17. The safe-haven dollar is in demand as the crisis around China's Evergrande deepens and a global slowdown is feared. Tensions toward the Fed decision and also Germany's elections are taking their toll too.

EUR/USD News

GBP/USD tumbles under 1.37, succumbing to dollar strength

GBP/USD is trading under 1.37, suffering from robust dollar demand. The financial woes of China's Evergrande threaten a drop in global demand. Soaring energy prices are also weighing on sentiment. The Fed and the BOE are eyed later this week.

GBP/USD News

XAU/USD remains vulnerable while below $1761

Gold price is making a minor recovery attempt from six-week lows of $1742 amid a retreat in the US Treasury yields, as the risk-off mood remains at full steam.

Gold News

Cardano introduces Layer 2 solution Hydra, as ADA price looks to rally 25%

Cardano price is grappling with a crucial support floor on the daily time frame as the big crypto experienced a minor crash. Investors can expect ADA to slice through this barrier before restarting its uptrend.

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Canadian Federal Elections: Not a very crucial vote

Markets are taking a hands-off approach to Monday’s Canadian Federal election between Prime Minister Justin Trudeau's Liberals and Erin O'Toole's Conservatives. 

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