News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • $ES from resistance to support now at the weekly low, testing a few different support elements here, also a 618 $SPX
  • The $SPX is going to keep it interesting for us through this final trading session. The 50-day SMA is under strain, its 'quad witching' today, evergreen uncertainty over weekend and FOMC on the threat radar
  • The S&P 500 and its counterparts are leaning into support as the end of the week nears. DailyFX's @JohnKicklighter discusses the possibility of a break before next week's FOMC and Evergrande deadline!
  • You're Not The Only One Bored Of 'New' Apple iPhones via @IBDinvestors
  • $USDCAD big test, right at the Sept. high
  • just about an hour later $USDCAD
  • Hedging Evergrande (3333 HK) is reportedly a near impossible task
  • Given there is a substantial risk from China's Evergrande situation with a possible technical default at the start of next week, I'll be watching Bitcoin as a 'risk' measure over the weekend. Here versus SPX as Shanghai Comp is 'tended to'
  • The latest batch of US economic data suggests the economy is weathering delta variant concerns, increasing odds for a Fed taper announcement shortly. Get your market update from @CVecchioFX here:
  • $USD support hold at higher low $DXY now breakout after U of Mich Focus now shifts to the Fed for next week's rate decision. Quarterly meeting, so also getting an updated dot plot matrix and SEP
Psychology: Optimism - Good for Life, Hazardous for Trading

Psychology: Optimism - Good for Life, Hazardous for Trading

John Kicklighter, Chief Strategist

Talking Points:

• A trader's psychology is a critical factor in successful trading

• There are many 'cognitive biases' that make cloud or improve trading, but the Optimism Bias is more of a risk

• While optimism is a good mentality in general life, minimizing perceived risks is dangerous for trading

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

Trader psychology is a critical ingredient to successful navigation of the markets. Without the proper frame of mind, it can be difficult - if not impossible - to take rational and well-thought out trades in an environment that is fraught with emotional turmoil. One of many psychological tendencies ('cognitive biases') that represent a certain risk to unaware traders is the 'optimism bias'. While optimism may be a default that favors a healthy and happy person in the normal course of their life, it can lead to poor trading habits and results when carried over to the market. A presumption that positive outcomes are more likely to occur and negative outcomes are less likely to happen is inherently detrimental to dispassionate risk assessment. We discuss how optimism may undermine your trading and the means to avoid overcome it in today's Strategy Video.

To receive John’s analysis directly via email, please SIGN UP HERE.

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