U.S. Energy Secretary Rick Perrey said he believed that the US sanctions against Iran would be reinstated and that the decline in global oil supply would be compensated by the increase in Saudi Arabia and Russia's production. Russia's Energy Minister Aleksander Novak said that if OPEC members fail to agree on a 1 million barrel/day production increase, they will increase oil production by 200,000 barrels/day in the second half of the year, while Russian oil companies will increase their producti…
Community Blog
GBPusd overview
We see that the upward momentum in Sterling assets continues today, with some of the most prominent voices in the decisions of the Central Bank of England's Monetary Policy Committee and the triumph of the Brexit bill voted in parliament by British Prime Minister Theresa may. However, despite the positive developments about Brexit in recent days, it is still worth noting that the uncertainties of Brexit continue in the country. For this reason, it is important to keep an eye out for possible exp…
EURusd overview
Yesterday, while monitoring the complex data from Europe, President Giuseppe Conte drew attention to the positive statements of the Government formed by two parties known as populist discourses in Italy. On the other hand, the uncertainties in Spain's political arena are followed, while expectations for this month's meeting of the European Central Bank are very important in terms of pricing. The latest claim on this subject is that at the June meeting, the ECB may not announce the expiry date of…
DAY 3 - BAD TRADING HABITS
The best way to correct bad habits is through training.
Run a simulator and trade it. Each trade identify what went right, what went wrong, and what needs to be corrected. Simulators are good because they cut down on wait time and you can trade months in a matter of hours. List each thing that needs attention, and mark off each time you violate one of those rules, do this over and over again until you aren't marking any of them off any more.
Even though this is just technical training, it crea…
Run a simulator and trade it. Each trade identify what went right, what went wrong, and what needs to be corrected. Simulators are good because they cut down on wait time and you can trade months in a matter of hours. List each thing that needs attention, and mark off each time you violate one of those rules, do this over and over again until you aren't marking any of them off any more.
Even though this is just technical training, it crea…