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Top 5 Reasons Traders Love What They Do

Most traders cite a few common reasons for choosing to trade. Let’s look at five things to love about trading: 1 – They Earn Every Penny of Their Worth Over the past decade or two, employers across a wide range of industries have warmed to the concept of performance-based compensation. Restaurant managers, engineers, legal professionals, Web designers and many others stand to earn

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GBPUSD: Bear Pressure Builds Up Towards The 1.3381 Zone

GBPUSD: The pair remains weak and vulnerable to the downside as it took back its early intra day gains during Monday trading session. This leaves risk lower on more bear pressure. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level. Below here will set the stage for more

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GOLD Retains Its Downside Pressure With Eyes On 1,276.00 Zone

GOLD: The commodity closed lower the past week leaving risk of more decline on the cards in the new week. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level. Below here if seen could

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EURUSD Sees Price Hesitation With Downside Bias

EURUSD: With the pair still facing price correction despite its past week price hesitation, more correction is envisaged. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level where

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Why Greed Is The Flip Side Of Fear (And What You Can Do About It)

Merriam-Webster’s Dictionary defines greed as simply, “… a selfish and excessive desire for more of something (as money) than is needed.” Greed is often referenced as one of the main contributors to trading loss. Greed mangles the mind by distracting the trader from what matters most in the trade, which is quite frankly, to protect your capital by prudent planning and following rules.

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USDCHF Follows Through Higher On Bull Pressure

USDCHF: With the pair following through higher on the back of previous week gains the past week, more strength should follow. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9750 level where a break will

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EURJPY: Biased To Upside Medium Term Despite Hesitation

EURJPY: The pair continues to hold on to its broader medium term uptrend though facing price hesitation. On the downside, support comes in at the 133.50 level where a break if seen will aim at the 133.00 level. A cut through here will turn focus to the 132.50 level and possibly lower towards the 132.00 level. On the upside, resistance resides at the

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How To Self-Regulate To Successfully Manage Your Trades

Lydia looked with disdain at her screen, but underneath the anger brewed a cauldron of fear. She was facing a massive drawdown after getting excited by a blastoff candle while trading the Russell E-mini. Even though it was an extended rally, she couldn’t control her excitement as she entered an impulsive long trade based in large part on that candle. But, as trades

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