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Summary

If you are like many traders you may have a job that you want to get out of - because you want to trade full time. But even if you are consistently profitable, it is tough to know if you are "ready" to go into full time trading. And, even if you do make the jump to full time trading, there are problem areas that may creep up on you if you are not prepared for them. In this session we will examine how you can be sure you are ready to go pro and the common mistakes traders make when transitioning to full time trading. We will also look at the charts from a naked perspective at the end of the session.
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Editors’ Picks

AUD/USD gets ready to punch through 0.7100

AUD/USD gets ready to punch through 0.7100

The intense sell-off in the Greenback underpins the solid performance of the Aussie Dollar on Monday, motivating AUD/USD to add to recent gains while challenging the key 0.7100 barrier, or fresh YTD highs, at the same time.
 

EUR/USD extends its optimism past 1.1900

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.
 

Gold picks up pace, retargets $5,100

Gold picks up pace, retargets $5,100

Gold gathers fresh steam, challenging daily highs en route to the $5,100 mark per troy ounce in the latter part of Monday’s session. The precious metal finds support from fresh signs of continued buying by the PBoC, while expectations that the Fed could lean more dovish also collaborate with the uptick.

XRP struggles around $1.40 despite institutional inflows

XRP struggles around $1.40 despite institutional inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Here is what you need to know on Tuesday, February 10:

Here is what you need to know on Tuesday, February 10:

Japanese stocks surged to record highs on Monday, as Prime Minister Sanae Takaichi's Liberal Democratic Party (LDP) basked in a historic election victory.

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