Rande Howell
Traders State of Mind
No matter how hard you try, real success eludes you in trading. Emotional and mental self-mastery in the face of uncertainty is the gap that keeps you from achieving your potential. But what does self-mastery really look like? Come and learn about how to use emotion to create the probability mind. It is the missing link in the evolution of your skill as a trader. Watch this video by Rande Howell, trading psychologist.
Download The Full Mindfulness in Trading
The risk of trading can be substantial and each investor and/or trader must consider whether any investments they make are suitable investments. Past performance, whether actual or indicated by simulated historical tests of strategies, is not necessarily indicative of future results. Rande Howell does not make any recommendation or endorsement as to any investment, advisor or other service. In addition, Rande Howell does not offer any advice regarding the nature, potential value or suitability of any particular investment, security or investment strategy. The material shown does not constitute investment advice and you should not rely on any material herein to make (or refrain from making) any decision or take (or refrain from making) any action.
Editors’ Picks
EUR/USD weakens to four-week lows near 1.1750
EUR/USD’s selling pressure is gathering pace now, approaching the area of multi-week troughs in the mid-1.1700s on Thursday. The pair’s intense decline comes on the back of another day of solid gains in the US Dollar, particulalry exacerbated following firm prints from the weekly US labour market.
GBP/USD drops further, hovers around 1.3460
In line with the rest of its risk-linked peers, GBP/USD faces increasing selling pressure and recedes toward the 1.3460 region, or four-week lows, on Thursday. Cable’s persistent pullback comes in response to the continuation of the recovery in the Greenback amid a solid US data and a divided FOMC when it comes to the Fed’s rate path.
Japanese Yen hangs near one-week low vs. USD amid worries about Japan’s fiscal health
The USD/JPY pair gains positive traction for the second straight day – also marking the third day of a move up in the previous four – and climbs to over a one-week high, around the 155.35 area, on Thursday. Spot prices, however, retreat a few pips during the early European session and currently trade just above the 155.00 psychological mark, up nearly 0.20% for the day.
Editors’ Picks
EUR/USD weakens to four-week lows near 1.1750
EUR/USD’s selling pressure is gathering pace now, approaching the area of multi-week troughs in the mid-1.1700s on Thursday. The pair’s intense decline comes on the back of another day of solid gains in the US Dollar, particulalry exacerbated following firm prints from the weekly US labour market.
GBP/USD drops further, hovers around 1.3460
In line with the rest of its risk-linked peers, GBP/USD faces increasing selling pressure and recedes toward the 1.3460 region, or four-week lows, on Thursday. Cable’s persistent pullback comes in response to the continuation of the recovery in the Greenback amid a solid US data and a divided FOMC when it comes to the Fed’s rate path.
Gold clings to daily gains near $5,000
Gold struggles for direction and clings to its daily gains around the key $5,000 mark per troy ounce on Thursday. The precious metal sticks to the bid bias amid reignited geopolitical tensions in the Middle East and despite marked gains in the US Dollar and rising US Treasury yields across the curve.
Ripple slips toward $1.40 despite SG-FORGE tapping protocol for EUR CoinVertible
XRP extends its decline, nearing $1.40 support, as risk appetite fades in the broader market. SG-FORGE’s EUR CoinVertible launches on the XRP Ledger, leveraging the blockchain’s scalability, speed, security, and decentralization.
Hawkish Fed minutes and a market finding its footing
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.
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The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.