Share:

Nearly every seasoned trader will attest to trading being predominantly rooted in Psychology. Yet most traders do not take the time to learn how to improve themselves, Dr. Woody Johnson joins Merlin Rothfeld for a look at the formula for success, not just in trading, but in life. The duo also answer several listener question about trading problems.

Play-Audio-PTRadio

Follow us on Telegram

Stay updated of all the news

Join Telegram

Editors’ Picks

EUR/USD retreats to 1.0750, looks to post small weekly gains

EUR/USD retreats to 1.0750, looks to post small weekly gains

EUR/USD lost its traction and declined to the 1.0750 area in the American session on Friday. In the absence of high-tier data releases, week-end flows seem to be impacting the pair's action heading into the weekend.

EUR/USD News

GBP/USD holds above 1.2550 ahead of the weekend

GBP/USD holds above 1.2550 ahead of the weekend

GBP/USD keeps its footing on Friday and trades modestly higher on the day above 1.2550 following Thursday's rally. Ahead of next week's all-important US inflation data and Fed policy announcements, modest US Dollar weakness allows the pair to stay in positive territory.

GBP/USD News

USD/JPY Price Analysis: Climbs to fresh daily peak, further beyond mid-139.00s

USD/JPY Price Analysis: Climbs to fresh daily peak, further beyond mid-139.00s

The USD/JPY pair stages a goodish intraday recovery from a fresh weekly low, around the 138.75 region touched this Friday and builds on its steady intraday ascent through the early part of the European session. Spot prices climb further beyond the mid-139.00s in the last hour, reversing a major part of the overnight losses.

USD/JPY News

Follow us on Telegram

Stay updated of all the news

Join Telegram

Editors’ Picks

EUR/USD retreats to 1.0750, looks to post small weekly gains

EUR/USD retreats to 1.0750, looks to post small weekly gains

EUR/USD lost its traction and declined to the 1.0750 area in the American session on Friday. In the absence of high-tier data releases, week-end flows seem to be impacting the pair's action heading into the weekend.

EUR/USD News

GBP/USD holds above 1.2550 ahead of the weekend

GBP/USD holds above 1.2550 ahead of the weekend

GBP/USD keeps its footing on Friday and trades modestly higher on the day above 1.2550 following Thursday's rally. Ahead of next week's all-important US inflation data and Fed policy announcements, modest US Dollar weakness allows the pair to stay in positive territory.

GBP/USD News

Gold struggles to find direction, holds steady near $1,960

Gold struggles to find direction, holds steady near $1,960

Gold price struggles to make a decisive move in either direction on Friday in the absence of high-impact data releases. The benchmark 10-year US Treasury bond yield stays relatively calm above 3.7% following Thursday's slide, limiting XAU/USD's action.

Gold News

Weekly Roundup: Binance US halts fiat services, Coinbase does business as usual, XRP hits key milestone

Weekly Roundup: Binance US halts fiat services, Coinbase does business as usual, XRP hits key milestone

The US financial regulator, the Securities and Exchange Commission’s (SEC) clampdown on exchange negatively influenced the crypto market and assets throughout the week. The lawsuits against Binance and Coinbase resulted in several challenges for the platforms’ users. 

Read more

The Week Ahead - FOMC, ECB and Bank of Japan, US CPI, China retail sales and Tesco results

The Week Ahead - FOMC, ECB and Bank of Japan, US CPI, China retail sales and Tesco results

A busy week is ahead, including meetings from the Federal Reserve, the European Central Bank, and the Bank of Japan. Data to be released includes US CPI and China retail sales. Tesco will also release results.

Read more

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology