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  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/HOvzuOICQx
  • Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons. Learn more here: https://t.co/qV3c7a4YR3 https://t.co/32hYzqhuZ9
  • The Australian Dollar sits on the crossroads of Treasury yields, the S&P 500 and US fiscal stimulus expectations. Will $AUDUSD gains slow? Chinese Q4 GDP and Australian jobs data are due. Get your market update from @ddubrovskyFX here: https://t.co/BsYmmWFYOH https://t.co/HhLqb2iVgk
  • #Gold prices have come under significant pressure to kick-off 2021. However, the formation of bullish technical patterns across multiple timeframes suggests that a rebound higher may be at hand. Get your market update from @DanielGMoss here: https://t.co/Dpf8N4Fh0T https://t.co/pnZpnM9yT5
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/yCtLFemdNc
  • GBP underpinned as BoE downplays negative rates, alongside vaccine rollout. Get your market update from @JMcQueenFX here: https://t.co/n6V6uw0XV5 https://t.co/Toq2fxSdBE
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/5VzSt5Ak7R
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/Jkv0onMyZw
  • Why is JPY called a safe haven? What are some factors in its favor this quarter? Get your free forecast here: https://t.co/mzeJ5x73N3 #DailyFXGuides https://t.co/S4bwgGZxmw
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/T3W8CIg5iy
Strategy Video: Sticking to Your New Year's Trading Resolution

Strategy Video: Sticking to Your New Year's Trading Resolution

2016-01-12 00:00:00
John Kicklighter, Chief Strategist

Talking Points:

• Many people commit to resolutions at the start of each year, and too many make them impossible to meet

• Trading resolutions can be very similar to those for fitness, time management and other standard focuses

• Most important for the trading vow are: make them reasonable and measurable, don't get discouraged

What are the Traits of Successful Traders? See what our studies have found to be the most common pitfalls of retail FX traders.

It is common to make resolutions at the turn of the year, and what better endeavor to improve upon that our trading? However, whether our intention is to work on our fitness, happiness or trading success; pitfalls are common. Many of the smart resolution management techniques and the tribulations that occur with other life objectives translate readily to prospering in the market. However, there are generally four things that I find most important when it comes to setting objectives for better trading. First and foremost, the resolution must be reasonable - no 'turn $100 into $1 million in one year' commitments. Anything that is unlikely or virtually impossible should not be our vow to ourselves. It will fail. Second, our resolution should be capable of breaking down into manageable and measurable pieces. Third, don't let minor or temporary set backs derail a long-term effort. And finally, regularly look back and appreciate the progress you've made so that you are encouraged to keep pressing forward. We expound upon making trading resolutions we can stick to in today's Strategy Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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