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Eurozone August unemployment rate 7.4% vs 7.5% prior

  
  Analysis
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latest data released by Eurostat

unemployment eurozone
The latest unemployment figures from the eurozone are showing a continued steady decline in unemployment numbers. The worry here would have been if employment levels start to fall due to a slowdown in manufacturing etc. However, no concerns like that seen in the data and EURUSD at 1.0932 – remember there are some decent option levels at 1.0900 level on the EURUSD

5 fundamental truths For Traders

  
Analysis, Education
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Five fundamental truthsTo eliminate the emotional risk of trading, you have to neutralize your expectations about what the market will or will not do at any given moment or in any given situation. You can do this by being willing to think from the markets perspective. Remember, the market is always communicating in probabilities. At the collective level, your edge may look perfect in every respect; but at the individual level, every trader who has the potential to act as a force on price movement can negate the positive outcome of that edge. To think in probabilities, you have to create a mental framework or mind-set that is consistent with the underlying principles of a probabilistic environment. A probabilistic mind-set pertaining to trading consists of five fundamental truths.

Five fundamental truths

  1. Anything can happen.
  2. You don’t need to know what is going to happen next in order to make money.
  3. There is a random distribution between wins and losses for any given set of variables that define an edge.
  4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
  5. Every moment in the market is unique.
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