In order to be successful in any endeavor, one must continuously strive to increase their knowledge and skills. Taking the time to learn new concepts and brush up on prior knowledge is essential for achieving success. By dedicating yourself to a lifetime of learning, you can stay ahead of the competition and be well-prepared for any changes or challenges that may come your way. To become an outstanding trader, you must first understand the fundamentals, implement risk mitigation tactics for each trade, and continually strive to expand your knowledge about the markets.
Trading can be a challenging endeavor due to the complexity of the markets, the number of variables and factors that can affect the price of an asset, and the unpredictable nature of the investment environment. From day-to-day market fluctuations to long-term economic trends, understanding the complexities of the market is no small task. Successful traders must be able to anticipate market conditions, recognize patterns, and make informed decisions quickly and accurately in order to take advantage of high-reward opportunities. Additionally, there is an ever-present risk of loss that must be managed in order to stay profitable. Developing the skills to utilize technical analysis and sharp-minded approaches is tough, but it is our own inner thoughts and emotions that can cause the most difficulty. To keep ourselves on track, it is important to create and stick to healthy habits that will help us stay on course.
G7 price cap coalition official
- Says we are ‘very very close’ to agreement on $60-a- barrel price cap on Russian oil exports
- Says expected agreement calls for maintaining price cap at 5% below market price for Russian crude
- Says there is some discretion, flexibility in determining market price for Russian crude for price cap
This from Nick Timiraos at the Wall Street Journal, who is said to be a mouthpoice for Fed Chair Powell, when needed.
He’s worth paying attention to.
Federal Reserve Chair Jerome Powell provided a clear signal that the central bank is on track to raise interest rates by a half percentage point at its next meeting, stepping down from an unprecedented series of four 0.75-point rate rises aimed at combating high inflation.
Mr. Powell, in a speech Wednesday, said an overheated labor market needed to cool more for the Fed to be confident that inflation would decline toward its 2% goal.
Link to the Journal piece is here for more (gated)
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