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Summary
Perhaps you put most of your focus on finding the perfect entry signal, or, even better, finding the ideal exit strategy to milk all the profit you can from a winning trade. But what if you are missing a key ingredient to your success? Even if you are using a strict money management rule for your trades, you may be missing out on this "one thing" that is probably reducing your winnings. I will show you how to identify this mistake and what you can do to fix it. During the last half of the session we will look at the live markets, with an eye toward naked trades.Latest Live Videos
Editors’ Picks
EUR/USD clings to daily gains, still below 1.1900
EUR/USD manages to reverse two daily pullbacks in a row and advances modestly on Thursday, hovering around the 1.1880 zone amid the inconclusive price action around the US Dollar. Meanwhile, weekly Initial Claims rose more than expected last week, while attention is expected to shift to the upcoming US CPI data on Friday.
GBP/USD picks up pace, hits 1.3640
GBP/USD trades with modest gains around 1.3640 so far on Thursday. Indeed, Cable looks to leave behind the weakness seen in the first half of the week in a context of an equally erratic performance in the Greenback and disappoting UK data releases.
Gold retreats from February highs, holds above $5,000
Gold corrects lower after touching a fresh February-high above $5,100 but manages to hold comfortably above $5,000. The positive shift seen in risk mood limits the safe-haven precious metal's strength, while the trading action remains choppy ahead of Friday's key US inflation data.
LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement
LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.
A tale of two labour markets: Headline strength masks underlying weakness
Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.
Here is what you need to know on Thursday, February 12:
The US Dollar stays resilient against its rivals in the second half of the week, supported by the upbeat labor market data for January. The US economic calendar will feature weekly Initial Jobless Claims and January Existing Home Sales data on Thursday.