As many traders begin to adapt to their potential new trading career they’ll encounter many hurdles on their journey towards “trader enlightenment”. Many of the hurdles they face are placed there by themselves; greed and fear being the two most obvious. But there’s a list of other obstacles new traders will face and need to […]
What aspects of trading do we find the hardest and why? Read More »
It’s not often we enjoy (or endure) trading sessions so high on drama from all angles, but Thursday was one such day. And for the most part the news was all positive. We had falling unemployment claims in the USA (falling by circa 9K to 336K) whilst USA GDP rose further than expected, up by
The major high impact news events and policy decisions in today’s trading sessions concern the interest rate setting in the UK and by the ECB for Europe. Both rates expected to remain static at 0.5%. The notes and speeches accompanying each rate setting decision will be more eagerly awaited than the decisions, given the potential
If we were to indulge in a sweeping generalization and select a group of people as being totally unsuited to retail trading, then those with a scientific background, or quantitative mathematics background, would probably come closest. These groups could be best described as refusing to accept that price is random. Many become fixated on finding
The ECB will leave its main refinancing rate at a record low of 0.5 percent on Thursday, according to 67 of 70 economists surveyed by Bloomberg News. Bank of America, Royal Bank of Scotland Group and UBS predict that the ECB will reduce borrowing costs by 25 basis points to a record low of 0.25%.
The eurozone private sector maintained its fragile and modest economic recovery at the start of the final quarter of 2013. October PMI data from Markit signalled that business activity in the currency union expanded for the fourth successive month. Although a slight dip in the final Markit Eurozone PMI Composite Output Index to 51.9 in
In many of our trading articles, featured in our between the lines section of our blog, we stress the importance of keeping a trading journal as part of our overall trading plan. But what should we put in the journal and how does it differ from what should feature in our trading plan? The trading
Why we must keep a trading journal in our early trading years Read More »
There are some announcements made and data sets that are published, that take your breath away. The fact that the Chinese economy needs to create 10 million jobs per year and must sustain growth of at least 7.2% to achieve that, is one of the more stunning pronouncements analysts and traders will witness this year.
In its meeting in the overnight/early morning trading session Australia’s central bank, the RBA, decided to once again leave its base interest rate at 2.5%. A leading UK think tank, the NIESR, has suggested that the UK’s growth is far too dependent on squeezing its consumers for improvement. The troika re-visits Greece (starting today) to
Greek government begins new talks with troika as UK service sector charges ahead Read More »
Once the rash of European PMIs had been printed on Monday in the European morning session, lunchtime and afternoon was a relatively quiet period for high impact news events. However, the Eurozone’s ‘modest’ manufacturing recovery continues; the Eurozone’s manufacturing sector posted a rise in activity in October, despite French firms posting a weaker performance than
