DEVELOPING A WINNER’S MINDSET

It’s an exciting day for traders, we also call it a Blue Monday 🏆. However it has a completely different meaning for us, instead of dreading we are rather extremely excited at the opportunity to make profits.

So but how do you prepare your self and open up your profitability realm. You want to take steps to Develop A Winners Mindset❕

No one becomes a winner without developing the mindset to win. In the scheme of things, there are observers and performers. In forex trading, maintaining discipline is not only necessary but a key aspect of trading. Globally celebrated successful forex traders have a mindset enabled by the following:

1. Self-discipline

2. Ability to assess and proffer risk-control measures.

3. Sheer courageousness.

4. They are shrewd business people.

5. They learn from their mistakes.

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These are factors that define winners🥇 What do Paul Tudor Jones, Buddy Fletcher, and Ref Wayne have in common?

Apart from being recognized as some of the most successful forex traders, they didn't get to the apex of their career by lounging around; they achieved tremendous success because they pursued their business with the level of tenacity that I have grouped under the ingredients that make up the Winning Psychology Recipe: talent, discipline, and training.🦾

Fundamentals Outlook: Consumer Confidence Dips, Retail Sales Expected to Follow Suit

In our latest analysis, the march Michigan Consumer Confidence index has registered a decline, underscoring persistent weakness in market demand. This downtrend is anticipated to have a ripple effect on today's retail sales data, scheduled for release at 14:30 SAST.

Our forecast suggests that the retail sales figures will likely come in below expectations, exerting downward pressure on the US dollar. This anticipated decline in retail sales, coupled with waning consumer confidence, may trigger a negative dollar reaction.

Key takeaways:

- Michigan Consumer Confidence index declines in March
- Weak market demand expected to impact retail sales data
- Retail sales figures likely to come in below expectations
- Anticipated negative dollar reaction in response to disappointing retail sales data

We will continue to monitor these developments and provide updates as necessary.

Fundamental analysis doesn’t get better than ForexAMG!

🚨With tensions escalating in the Middle East, oil prices are likely to surge, and the US dollar may strengthen. This could have significant implications for currencies with Middle East exposure.

Market Direction:

• Oil Price Volatility: Expect increased price fluctuations, potentially impacting inflation dynamics in oil-importing countries.

• US Dollar Strength: A strengthening US dollar may reinforce the inflationary impact of higher oil prices in oil-importing countries, further increasing inflation in these nations.

• Middle East Currency Exposure: Currencies with significant Middle East exposure may experience increased volatility and potential depreciation.

Actionable Insights:

⁃ Monitor oil price movements and adjust trading strategies accordingly.
⁃ Consider hedging exposure to Middle East currencies.

Fundamental Analysis: FOMC Meeting Tonight

Good day, traders!

The Federal Open Market Committee (FOMC) meets tonight at 20:00 SAST to discuss monetary policy, with a focus on interest rates. Here's what you need to know:

Key Takeaways
1. No Rate Change Expected: Markets expect the Fed to keep interest rates unchanged at 4.50% (450 basis points).
2. Implied Rate Probabilities: Even if the Fed cuts rates, they'll likely remain between 4.25%-4.50% (425-450 basis points).
3. Treasury Yields: 4-week treasury yields have been stable for 3 months, suggesting no rate change.
4. SOFR Indicator: The Secured Overnight Financing Rate (SOFR) also points to stagnant rate policy.

What to Expect
- The Fed will likely maintain its current interest rate stance.
- No significant changes in monetary policy are expected.

Beginner-Friendly Explanation
- The FOMC meeting is like a gathering of top economists to decide how to manage the US economy.
- Interest rates are like a tool to control inflation and economic growth.
- The Fed's decision will impact the US dollar, bonds, and overall market sentiment.


Forex AMG Traders is a (JR) "Juristic Representative" Under Auraum Global Markets. An authorized financial service provider FSP License: (44692)

We will be taking on FOMC tonight, expect much movement in the market from 8pm GMT+2❗️

Send us the message “FOMC” on Whatsapp +1 (917) 688 4232, join and capitalise the event with us🔥

🔗https://wa.me/message/BPNHME2WYC5KH1

And the rest was History❗️FOMC profits bagged 💰 Take Profit HIT ✅

We shall meet with the members at 1am for the Asian session! Talk about around the clock trading❗️❗️❗️