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
GBP/USD trims a part of intraday losses, down a little below 1.3200 ahead of BoE
The GBP/USD pair finds some support near the 1.3150 region on Thursday and for now, seems to have stalled its retracement slide from the 1.3300 neighborhood, or the highest level since March 2022 touched the previous day.
EUR/USD flat lines above 1.1100 after Fed's bumper rate cut
The EUR/USD pair trades flat during the early European session on Thursday. The major pair initially edges higher to monthly highs of 1.1189 after a large rate cut by the Federal Reserve at its September meeting and eases back to near 1.1120.
Gold defends $2,550 in the Fed’s aftermath, ahead of US data
Gold price is defending $2,550 early Thursday, catching a breath after intense volatility witnessed in the aftermath of the all-important US Federal Reserve monetary policy announcements and Fed Chairman Jerome Powell’s press conference.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
Moneta Markets review 2024: All you need to know
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