Dr. Woody Johnson
Independent Analyst
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Summary
When asked "What is your reason for trading?" the new trader often lists a number of clichés about making lots of money and although that is not entirely off the mark, they seldom address the critical importance of the conceptual framework and how it greatly influences the trading results.
For example, if your conceptual framework is only about money you may be so caught up in making a profit that you miss the necessity of having a plan, rules, and strategies that are designed to manage risk and just as important; manage yourself as you strike out into the trader trenches. Dr. Woody will offer a framework that is highly effective and utilitarian in its applicability to just about any strategy.
This webinar is what every new trader should embrace and apply before they even look at charts, much less put their hard earned capital at risk.
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Editors’ Picks
EUR/USD consolidates weekly gains above 1.1150
EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains
GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains.
Gold extends rally to new record-high above $2,610
Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.
Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap
SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
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