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Summary

The psychology of trading is a difficult minefield to navigate, particularly for the novice trader. 

You will get concrete methods for improving your psychology in this session and specific warning signs to pay attention to so that you do not fall victim to the most common trading psychology mistakes.

At the end of the session, we will look at the live markets, from a naked trading point of view.


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Editors’ Picks

EUR/USD drops below 1.11 amid upbeat US data, trade concerns

EUR/USD is trading below 1.11 after robust US housing figures and solid consumer sentiment figures were published. Earlier, the common currency suffered from the concerns of new US tariffs on the EU.

EUR/USD News

USD/JPY: Losing bullish momentum but retaining gains

Chinese encouraging data kept markets in risk-on mode at the beginning of the day. The US January Michigan Consumer Sentiment Index is seen at 99.3, matching December figure. USD/JPY holding at the upper end of its weekly range could correct lower.

USD/JPY News

GBP/USD down 100 pips after UK retail sales badly disappoint, amid USD strength

GBP/USD has plunged below 1.3050 after UK retail sales badly disappointed with a fall of 0.6% in December, on top of downward revisions. Odds of a BOE cut have risen.

GBP/USD News

Gold looks to close week flat below $1560

The XAU/USD pair climbed to a fresh daily high of $1560 in the early trading hours of the American session but struggled to preserve its momentum.

Gold News

WTI extends the upside to the $59.00 mark

Prices of the barrel of the American reference for the sweet light crude oil are prolonging the recovery from recent lows and are flirting with the key $59.00 mark on Friday.

Oil News

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