Obsessed with Trading? So are we!

This is the final episode in this podcast mini-series, 20-year expert trader and one of our team Eric talk risk and about what they see in our traders. 

After knowing our clients we see what their behaviours and patterns are and that allows us to know what type of trading decisions they tend to make.

We hope you enjoy this final episode of the BlackBull Markets and that this has helped you reach your trading potential.

Remember all opinions on this podcast are not to be taken as trading advice.

If you are ready to start a live trading account, visit BlackBullMarkets.com

Obsessed with trading? So are we! That's why we are launching our Expert Series, a podcast for traders, by traders.

For this exceptional episode we talk about trading stigmas and are they true?

Either way, whether you are one yourself, or whether you are thinking of what that lifestyle could look like, our expert, 20-year trader and mentor talks about whether you need to be a slave to the screen, and the habits he sees in good traders. 

blackbullmarkets.com 

The Pound against the U.S. Dollar broke 1.38, a critical psychological support/resistance level that gives bulls confidence to attack the 1.40 level.

The recent tailwind in the Pound has mainly come from the number of initial doses the U.K. has distributed amongst its citizens. More than 10 million people in the U.K. have received at least one dose of the Coronavirus vaccine, prioritizing the elderly and frontline workers.

Amongst U.S. Dollar strength across the board coming into 2021, the Euro has come roaring back on further optimism on the vaccine, alongside asset markets strength.

The headline says it all – market euphoria has reached an all-time high. However, given the events that have occurred in 2020, it feels like it is just another day at the office. For the most part, it is.

In the early 1600s, Tulips first arrived on the shores of Holland from Turkey. The flower was exotic, beautiful, and nothing like any other flower that grew in Holland at the time. 

If there is a time for a currency to be relatively weak, it’s during recessionary periods. A stronger currency entails a rougher time for goods and services to be exported out of the country as those exports are more expensive due to the stronger currency.

We have a relatively light data week ahead regarding the amount of significant data points coming out. However, the economic events are extremely significant in determining the state of their respective economies. Hope you all are staying safe. Here is your week ahead.

Here are two fun facts from equities in 2020.

· The NASDAQ returned 46% from the start of 2020. If you purchased at the peak of the recessionary period in mid-March, you would’ve made a return on investment of 85%.

With that in mind, what are we expecting for stocks coming into 2021?

The Dollar has been experiencing some love coning into the new year, with the DXY up just under 1%. However, is this just a technical rebound, or is there substance for a further rally?