In this episode Rob Booker addresses a blog post on Forex Crunch.com written by Matthew Carstens, the founder of Rogue Red and the creator of TradingWheels. The article is titled 3 Reasons Why Demo Trading Is Killing You. Read it over if you get a chance, Traders, in preparation for this episode. Rob disagrees with the premise of Matthew’s article. He responds to each of Matthew’s 3 reasons with rebuttals, while including a few Olympian metaphors along the way.
So, don’t miss this episode, and in the meantime, we’ll try to line up a follow-up interview with Matthew Carstens himself for our next episode to give Matthew a chance to respond to Rob’s critiques of the article.
So, don’t miss this episode, and in the meantime, we’ll try to line up a follow-up interview with Matthew Carstens himself for our next episode to give Matthew a chance to respond to Rob’s critiques of the article.
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Editors’ Picks
EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100
EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.
GBP/USD: Monday’s bullish pin bar keeps buyers hopeful
GBP/USD picks up bids around 1.3590 amid the initial Asian trading session on Tuesday. The Cable justifies its bounce off 21-day SMA and a bullish pin bar candlestick pattern on the daily chart. Monthly resistance line adds to the upside barriers.
USD/JPY: Picks up bids below key hurdles under 104.00
USD/JPY buyers battle resistance line of a short-term symmetrical triangle. The yen pair not only refreshes the intraday high but also probes a symmetrical triangle formation established since the last Thursday. 100 and 200-HMA add to the upside barriers.
Editors’ Picks
EUR/USD:Falling wedge on 4H tests bearish impulse below 1.2100
EUR/USD portrays choppy trading moves between 1.2075 and 1.2080 during Tuesday’s Asian session. Bullish chart pattern, recovering MACD keep buyers hopeful. Early February lows, 61.8% Fibonacci retracement add to the downside filters.
GBP/USD: Monday’s bullish pin bar keeps buyers hopeful
GBP/USD picks up bids around 1.3590 amid the initial Asian trading session on Tuesday. The Cable justifies its bounce off 21-day SMA and a bullish pin bar candlestick pattern on the daily chart. Monthly resistance line adds to the upside barriers.
USD/JPY: Picks up bids below key hurdles under 104.00
USD/JPY buyers battle resistance line of a short-term symmetrical triangle. The yen pair not only refreshes the intraday high but also probes a symmetrical triangle formation established since the last Thursday. 100 and 200-HMA add to the upside barriers.
Georgia voters evenly split over who should control US senate
Edison Research's poll found roughly half of voters would prefer the Republican Party to retain control and half would like to see the Democrats take over, reflecting how close the two races were likely to be.
Gold: All eyes on the greenback and US yields
Gold prices are attempting to recover as te DXY stalls in its bullish correction. The dollar could still be a catalyst for a deeper positioning squeeze in the yellow metal. The US dollar strengthened for a third consecutive day on Monday.
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