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GBPUSD Sets Up To Weaken Further On Loss Of Upside Steam

GBPUSD: The pair saw price rejection on Wednesday leaving risk of more weakness on the cards in the days ahead. 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 weakness towards the 1.3300 level. Conversely, resistance stands at the 1.3550

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How Trading Psychology Serves As Platform For Improving Your Trading Results

Trading psychology is a subject most books and so-called professionals keep separate from the mechanics and strategies of trading and investing. A reality largely misunderstood is that the underlying mechanics and strategies within trading and investing are a direct function of your psychological belief system. At any given time in the stock market, there are buy and sell invitations sent out in the

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EURUSD Sees Price Hesitation, Vulnerable

EURUSD: With the pair may be biased to upside in the medium term but faces a pullback risk on price hesitation. However, it will have to break and hold above its key resistance located at the 1.2091 level to prevent a return to the downside. Resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards

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How To Treat Trading Like A Business

When we talk to prospective students about learning the skill of trading, we also encourage them to treat trading like a business. If you start any type of business you first have to come up with the initial seed capital to get the business off the ground. This comes with the understanding that there’s always risk because there’s never a guarantee that the

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GOLD Targets Further Weakness, Eyes 1,298.23 Zone

GOLD: The commodity followed through lower the past week to open the door for more on Tuesday, opening the door for additional weakness. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level. Further down, a cut through here will open the door for a move lower towards the 1,280.00 level. Below here

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How Are You Defining Winning While Trading? (And What Does Winning In Trading Mean To You?)

What does winning in the trade mean to you? Most people would probably say that it involves making a profit. Well, although that would not be a wrong answer, it wouldn’t include “all” of the story. The story would also include what you’re doing to ensure that you in fact will “consistently” win. So many traders say that they want to win, but

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EURJPY Resumes Broader Uptrend, Remains On The Offensive

EURJPY: The pair remains offensive following its trend resumption the past week. On the downside, support comes in at the 133.00 level where a break if seen will aim at the 132.50 level. A cut through here will turn focus to the 132.00 level and possibly lower towards the 131.50 level. On the upside, resistance resides at the 132.00 level. Further out, we

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