August 7, 2012
- in Uncategorized by schooloftrade
News from Canada & Ben Bernanke Traders Prep
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The James’ Report: Day Trading Strategies for Professional Traders
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BECOME A NATURAL; Have you ever wondered how Tiger Woods can drive the golf-ball 400+ yards only to put the tiny white ball inches from his target? Maybe a day trader? How do professional traders analyze the market price-action using the reaction to news to make profitable trading decisions in the heat of the moment without missing a tick of profit? Or the violin player who gracefully performs in front of thousands of people in a packed concert-hall without showing a drop of emotion. The key to all of these is very simple: practice. Every professional who masters a skill through disciplined practice has completely OWNERSHIP of this and it shows in everything they do. A professionals work is technically correct, emotional and passionate. It seems as if the professional isn’t even working at all, rather they are operating in the ‘zone’ they call doing the thing they love most. Take the time to practice your skills today, and become a natural at anything want in this world.—————————————————————————————
News from Asia overnight:
– Japan’s Tokyo Exchange was forced to suspend all derivatives trading after a system failure; it however did not have impact on the cash market. USD/JPY was mostly unchanged in the session trading in a 25 pip range. For most of the session the USD was weaker against emerging market currencies, shifted slightly heading into the latter half of the session.
News from Europe this morning:
– Following the mixed open, Continental European indices are mostly higher led by the Spanish IBEX. However, indices have pared gains, amid the move higher in Spanish and Italian 2-year bond yields.
– Australia’s RBA leaves interest rates unchanged, as expected
– IMF pushing Europe to ease Greek burden
– UK Jun industrial production beats forecasts
– Swiss CPI remains in negative territory
– Italy GDP contracts again but in line with expectations
– IMF pushing Europe to ease Greek burden
– UK Jun industrial production beats forecasts
– Swiss CPI remains in negative territory
– Italy GDP contracts again but in line with expectations
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Read
the Complete Morning Prep for Day Traders Here
the Complete Morning Prep for Day Traders Here
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