Welcome back to BecomingTraderFX! In today’s video, we dive deep into one of the most powerful tools every trader needs to master—trading psychology. Whether you're a beginner or an experienced trader, your mindset is just as crucial as your technical and analytical skills when it comes to achieving long-term trading success.
In this video, we break down a live trading situation on the EUR/USD pair. While we had a great potential setup, there was no signal to enter. This moment perfectly illustrates one of the most important lessons: if there’s no signal, there’s no trade. I discuss why waiting for the right confirmation is essential, and how discipline is at the core of any successful trading strategy.
You’ll learn:
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The power of patience: Why it’s critical to avoid rushing trades and how sometimes doing nothing is the best decision.
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Mastering your emotions: How to stay calm and make objective decisions, even when the market is volatile or you’re feeling pressure to act.
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Developing a winning mindset: Understanding how to think like a consistent trader who thrives in both up and down markets, rather than chasing short-term wins.
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How to handle losses and setbacks: Trading isn’t about avoiding losses, but how you respond to them. Developing mental resilience is key to long-term growth.
Trading is not just about strategy and indicators; it's also about mastering your mind. A strong mindset helps you stick to your plan, prevent emotional decisions, and ultimately, achieve sustainable success in the markets.
If you’re looking to level up both your technical skills and your mental game, this video is for you. Don’t let the market dictate your decisions—take control of your mindset and set yourself up for long-term success!
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.
Editors’ Picks
EUR/USD retreats from multi-year tops past 1.1600
On Thursday, the EUR/USD extended its uptrend and reached its highest level since November 2021, north of 1.1600 the figure. The marked advance in the pair came in response to the pronounced decline in the US Dollar, aggravated after poor results from the US labour market and softer producer prices.
GBP/USD keeps the bid bias intact around 1.3600
Following an initial dip to the 1.3520 zone, the GBP/USD regained traction and traded over the 1.3600 mark on Thursday, building on Wednesday’s gains. The US Dollar (USD) is under heavy selling pressure following weaker inflation data and disappointing jobless claims number.
USD/JPY extends losses below 143.60 amid broad-based Dollar weakness
US Dollar is among the weakest G8 currencies on Thursday. The risk-averse sentiment triggered by a fresh tariff threat by US President Trump, coupled with higher hopes of Fed cuts, is pushing the USD/JPY to fresh weekly lows below 143.60.
Editors’ Picks
EUR/USD retreats from multi-year tops past 1.1600
On Thursday, the EUR/USD extended its uptrend and reached its highest level since November 2021, north of 1.1600 the figure. The marked advance in the pair came in response to the pronounced decline in the US Dollar, aggravated after poor results from the US labour market and softer producer prices.
GBP/USD keeps the bid bias intact around 1.3600
Following an initial dip to the 1.3520 zone, the GBP/USD regained traction and traded over the 1.3600 mark on Thursday, building on Wednesday’s gains. The US Dollar (USD) is under heavy selling pressure following weaker inflation data and disappointing jobless claims number.
Gold remains strong around $3,400
Gold maintains its weekly rebound well in place, now trading near the $3,400 mark per troy ounce following a strong retracement in the US Dollar, declining US yields across the curve and growing geopolitical tensions.
Cardano Price Forecast: Whales acquire 310 million ADA amid potential triangle breakout
Cardano (ADA) shows weakness as it reverses from an overhead trendline of a triangle pattern. The altcoin edges lower by over 1% at press time on Thursday, fueling a steeper correction in its Open Interest. Amid weakness, Cardano whales have acquired 310 million ADA tokens so far this month, projecting increased confidence as the triangle pattern nears resolution.
US tariffs here to stay, trade deals ‘largely symbolic’
Despite legal challenges to IEEPA tariffs, US trade policy remains firm. Tariffs on steel and aluminium have doubled, and new sectoral tariffs are expected. Trade deals may emerge, but most will be symbolic. Effective tariff rates will stay high throughout 2025.
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