Hello and to welcome 2024 from the “Drive Thru”.
One real week of trading in and what is different from 2023? Absolutely nothing with the exception that the geopolitics which threatened to intensify towards the end of last year have now moved to the next stage. I fully expect geopolitics to flavour most of Q1 along with the inevitable debate about “Interest Rate Cuts” versus “Higher for Longer”.
With this in mind, I think its important to remember that as the heat in the kitchen rises do NOT be influenced by others to the degree that your initial trade conviction wavers to the point of indecision. As traders, we make decisions that we alone are measured by, trading is lonely, we rise or fall based upon our own research not to be influenced by analysts / pundits, call them what you want who are basically selling their own book.
I talk a little about this in this week’s Zoom / YouTube presentation below. Click the link for access.
WEEKLY FX PREMIUM PERFORMANCE:
JANUARY 2024 so far....
THE FINAL SHOT:
Finally, always remember longevity in Forex trading can only be achieved through trading with a good MINDSET, RISK, TRADE and HEAD MANAGEMENT, and above all set your position sizes in accordance with the size of your account and allow for some flexibility. Trade with a TRADE PLAN, basically, plan your trades and Trade your Plan.
Remember we trade for the following three critical success factors, that are your strategic goals: -
- Conserve Capital
- Generate Income
- Increase the Size of your Trading Account
For more information on me and how I trade via THE WEEKLY FX PREMIUM...
If you visit my website, you will find lots of additional supporting information about the way I trade. The link below should be helpful.
If you want to be notified when these presentations are released, subscribe to my website, and be notified and also receive the appropriate links to the presentations. Please click on the following link: - https://bit.ly/drivethruregister
Finally, be grateful for your wins and count them. Keep a POSITIVE MINDSET in play at all times, regardless of the market conditions.
The Pip Accumulator
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14th January 2024