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Two Blokes Trading

Business & Economics Podcasts

Join the blokes as they dive deep into the exciting, complex and above all potentially lucrative world of home trading.

Location:

United Kingdom

Description:

Join the blokes as they dive deep into the exciting, complex and above all potentially lucrative world of home trading.

Language:

English


Episodes
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2023 Has Been A Great Year For Traders

12/19/2023
This is the last podcast of the year & the Blokes discuss how 2023 has been a great year for traders. 2024 has a lot to live up too after a really strong year, seeing so many opportunities throughout the markets. Tech Stocks have seen some great gains with the biggest winner in the S&P being Nvidia, seeing a 230% gain. This is a result of the current AI boom! Jonathan believes AMD could be one to watch in 2024, with the release of its newest chip. Across currencies we saw some good volatility & directional moves. We also had some big moves in Oil & Gold with the former hitting all time highs, briefly! As we close in on the end of 2023 the volatility is slowly winding down & the blokes suggest everyone to take a break & come back in 2024 refreshed! We would like to thank all of our loyal listeners & wish you all a very happy holiday.

Duration:00:22:16

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Trend Is Your Friend

11/27/2023
In this podcast Jonathan & Adam scan the markets, with the current theme being the trend is your friend! This morning the markets were thin after thanksgiving on Friday, but we did see a slight pickup as the day went on. Markets are currently directional which is great for traders, the DXY remains bearish & stocks are soaring with market sentiment firmly risk on, as we approach the Christmas period. Jonathan discusses how over the early years of his trading journey he let his bias dictate his decision making, regardless of the trend & even went through a period of counter trend trading. In recent years he has found his success rate increase when he aligns his bias with the trend. This lessens the amount of trading opportunities but has substantially increased the success rate of his trades. Adam goes on to discuss how he feels there maybe a short term market shift about to happen as he believes the markets are currently overextended & we may see some cooling off, this might be the time to reassess the shorter term direction. However Adam feels that 2024 will be a strong year with Tech & AI growing rapidly. Adam also believes that global economies will recover next year & we may see a strong pick up, however Jonathan disagrees & feels it will take more time to fully recover. The blokes go on to discuss the impact rising interest rates have had on the markets, plus how the world is adapting to a new way of life in this faced paced environment. The blokes move on to scan the markets looking at US Indices which are currently flying, with most of the blue chip companies taking advantage of the Santa rally. Jonathan goes on to give his opinion on Oil & Gold with the latter reaching 6 month highs. The blokes then look at some USD pairs with most markets taking advantage of Dollar weakness. To conclude the episode, Adam shares his hot tips on the market, which are Disney & ASML, whereas Jonathan feels Nvidia has further to go due to It’s domination of the AI chip market, which is expected to grow by 38% annually for the next decade, almost ensuring continued upside for Nvidia. You can join the blokes in our community & receive access to our education, market breakdowns, trade ideas, live webinars & much more.

Duration:00:29:53

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Importance of the Economic Calendar

11/23/2023
Jonathan and Rory talk though the importance the economic calendar for all traders. A lot of traders believe that certain data doesn’t move the markets enough and that they should ignore it. But using this information to your advantage can give you a trading edge. The economic Calendar provides real-time updates on economic news and trends, allowing individuals to make more informed investment decisions. This information gives you a macro outlook, allowing you to a receive an insight into key data such as GDP, Inflation, Unemployment, international relations & political changes. During the episode, Rory & Jonathan share how they use the data not just for volatility trading but to confirm or deny pre-existing biases we may have. For example, if you think the economy is struggling and the PMI report is growing each time, the market might not move but maybe you should change your bias? It’s about using the data in your favour to add further confirmations which will in turn help your consistency. The Blokes then discuss the PCE index, which is released next week, what it means and the importance of it to traders. Rory mentions how the PCE is the Fed’s preferred method to gauge inflation along with describing exactly how it’s calculated. If you really want to improve your trading, then you need to use all the resources at your disposal to build a bias whether that bullish or bearish. Listen now to find out more!

Duration:00:31:42

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Oil rallying to $100 per barrel?

11/20/2023
One of the main talking points over the weekend was the production cuts from OPEC. It’s looking possible that over 1 million barrels per day could be cut from supply as fear enters the market that demand could be drying up. We have already seen on Monday that price is up nearly 3% towards $78 and speculation is that it will continue towards 80. DXY continues the move lower today as more negativity creeps in. There seems to be a strong risk on appetite in markets and with implied interest rates moving lower, strength in USD is fading as a break of 103 looks likely. Other FX crosses seem to be taking advantage of this with USDJPY moving towards 148, USDCAD holding on the trend line and USDNOK moving lower from the higher oil prices (NOK benefiting) Gold continues to move sideways unable to take advantage of a weaker dollar. Jonathan still holds his thoughts of selling gold at 2000 and narrowly missed a great shirt at price rallied above 1990. Indices within the UK remain subdued as weaker oil prices impact the FTSE100 constituents. US indices continue moving higher with the NASDAQ pushing higher towards 16,000. With the macro picture still not looking all positive but a soft landing looking more likely, how will you be positioned going into the remainder of 2023?

Duration:00:25:52

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How to trade news headlines

11/15/2023
In this podcast , Jonathan and Rory discuss how to trade news headlines. The key is to understand the impact & domino effect these headlines can have on companies & markets. Immersing yourself within the financial markets is key to construct your trade and investment ideas. The example Rory covers, is around Maersk letting go 10,000 workers. We ask, if they are seeing less demand what does this mean for other stocks in the sector? What does this mean for the market, the economy and global trade? We also talk about inflation and deflation problems in China and Japan. How the weak JPY is causing high inflation and how the strong CNY is causing deflation due to imports becoming cheaper. This also means exports are dropping which isn’t helping things as China received another huge stimulus pump earlier this week. Jonathan also talks us through the many opportunities that have been in markets this year as we draw to a close. With so many moves in dollar, Jonathan talks us through how he was long dollar from July based off his bias that the fed were not going to cut interest rates earlier this year. Both Jonathan and Rory explain that the cuts in monetary policy there were due around this time, were pushed back so far that it was taken hawkish by traders hence the strong run higher in US Dollar/DXY. Understanding how macroeconomics shape markets is essential to understanding trading and the Two Blokes Trading app is the best place to start. Join our 1500 + members today and sign up for free below

Duration:00:27:12

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Hold Fire Amid Uncertainty

11/13/2023
In this weeks episode, Jonathan & Adam scan the markets & explain why you should hold fire amid uncertainty. Monday has been a quite day & the blokes explain the importance of waiting for the right time to execute with Dollar currently consolidating. Later in the week we have some high impact data coming out with US CPI & PPI & we should see a spike in volatility. This should offer some further insight into the longer term direction of markets. Jonathan discusses his perspective on the markets, particularly USD/JPY of which he shared a trade in the APP earlier in the day which played out nicely, seeing a short spike in volatility. A weak JPY has become a political issue for the government amid rising cost-of-living pressures. Unless BOJ intervene we could see a bullish move to the upside, but the blokes both agree it's likely that they will! Adam then offers his technical viewpoint on the markets across FX pairs & Gold with his current bias being further Dollar weakness, but there remains uncertainty in the markets & we should have a clearer picture later in the week. Adam then offers his opinion across Tech stocks & remains bullish on semi conductors firms such as AMD & Nvidia with his pick being ASML Holdings. The blokes share their market analysis & trade ideas on the Two Blokes Trading APP everyday, so don’t miss out! Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:21:49

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Pros & Cons Of Limit Orders

11/8/2023
In this episode the Blokes discuss the pros & cons of limit orders. Jonathan and Rory both discuss how & when they use limit orders in different situations. Both Jonathan and Rory highlight that the advantages usually heavily outweigh the disadvantages. It allows you to target a specific target price & have that order waiting to execute even while away from the computer, meaning you will never miss an entry. Most part-time retail traders can’t sit in front of a screen 24/7, so by placing limit orders it allows traders to semi automate the process. Rory explains that the only slight disadvantage is in highly volatile markets where the trade can be executed and hit a stop loss in a matter of seconds however, chances of that are very slim out of the covid cycle. Jonathan explains using limit orders correctly can allow you to find optimal entry levels rather than executing a trade at the wrong time. Also limit orders can be highly beneficial when price is trading within a range. For example, If an asset has a strong range and is continuously finding support and resistance at the same levels, orders can help remove any doubts. Similarly both Jonathan and Rory agree that on larger one off trades, limit orders are useful for not missing a big move in the market. For example; recently when Gold hit 1800, before it was there, a lot of people would have thought it was a great level to buy. However, when price reached 1800, people were afraid to buy, having this order in place would have removed any psychological doubts & this will help you trade more objectively. There is no doubt that if used correctly limit orders can improve your success rate & limit your screen time! Make sure to join the app today where Adam, Jonathan and Rory give their daily rundowns of markets and analysis and join over 1500 people in one of the fastest trading communities. Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:30:44

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Santa Rally On Its Way

11/6/2023
Is the Santa rally on its way or is this just an overreaction to some bad news that investors think is good news? For a long time now, the narrative of “bad data = good news” has allowed equity markets to rally. However, Rory shares in the app and talks about it on todays podcast that over 75% of major data last week was negative. yet the market takes it as a positive. While that may mean the Fed are not going to hike as much if at all, it does mean there is a deterioration within the economy and it’s why Rory says he is exercising caution within the equity space right now. Jonathan discusses the increase in volatility throughout the markets, most notably the fall of the Dollar & the rise of stocks has changed the perspective for now & it’s time to reassess. This week is quite on economic front, with the exception of Powell's speech, which may allow the markets to digest last weeks data & offer a clearer picture for the longer term direction of the markets. Jonathan shares his thoughts around the USD and notes that many dollar pairs such as GBP and EUR are all moving higher and taking advantage of this recent dollar weakness. We will have to wait until next weeks CPI report for further clarification of dollar positioning. Speaking of taking advantage of dollar weakness, Gold failed to do so, still hovering shy of $2000 not able to break higher despite the sell off in USD. Both Jonathan and Rory agree that if gold can’t move higher now, what will make it move higher? It perhaps doesn’t look as attractive as other trades such as FX or the fixed income space. Crude oil rose to nearly $83 on Monday morning trading but remains under pressure despite Saudi Arabia confirming an extension of its 1 million barrels per day additional voluntary production cut until the end of December, while Russia said it would continue with its additional voluntary supply cut of 300,000 bpd from its crude exports as well. Finally, we have another busy week of earnings. Rory has shared the economic calendar and earnings calendar within the app, along with Jonathan and Adam, who are posting their daily analysis on the markets. Join our community APP today at app.twoblokestrading.com

Duration:00:21:58

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Will USD/JPY Tank?

10/31/2023
Rory takes a USDJPY short just before the podcast begins, but will USD/JPY tank? He explains the reasoning behind this move as well as the strong risk to reward that is favoured. Jonathan is holding off until we see 152 hit but will it be too late? The question is will Bank Of Japan intervene after removing a pledge to defend the level with offers to buy unlimited amounts of bonds. This week in the markets is Jam-packed with Data, Earnings, and everything in between. With ISM, PMI Services, NFP, FOMC, BoE and more. There is sure to be a further increase in volatility. One of the biggest stock winners so far is Amazon after earnings were released better than expected with the share price jumping 11% as the outlook seems better than initially expected. The last time the stock has had such a two day stretch was a 17% rally from November 11, 2022. The blokes look over other markets with Rory saying he is now short on Oil but would rather not be involved. There’s so many factors that could go against this such as the War in the middle east and the potential of OPEC supply, none of this can be confirmed or quantified and therefore, for now, both of the blokes agree they would rather rule it out. Data from China the US and EU also isn’t highly supportive of stronger economic conditions therefore demand for Oil may not be as strong as initially predicted. Gold has found resistance at the $2000 level after a strong run higher. Jonathan explains how the major zone of 1800/2000 looks to be in play for quite some time and its likely with a stronger dollar, Gold will remain under pressure, unless of course we see any escalations in middle east. DXY saw strong support last week from 105.50 and today at 106.00 to continue the push higher towards 107. Jonathan reiterates his long bias on USD & has been taking advantage of the cross pairs as a result. Jonathan also says with a lot of data due this week, there could be the potential for a lot of volatility and higher USD. With lots of earnings this week from McDonalds, Pfizer, PayPal, Apple, Shopify and many more, it’s going to be an interesting week! Join us live in the APP as we cover NFP this Friday! Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:24:28

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Uncertainty In The Financial Markets

10/26/2023
In this episode Jonathan and Rory continue to evaluate the risks from the Middle East & the uncertainty in the financial markets. Also looking at higher yields and central bank action from around the globe. The war in the Middle East is still raging and shows no sign of stopping. In the podcast Rory mentions the risk of other countries such as Iran getting involved and the potential catalysts that could being to the table. The ECB are expected to hold rates this week however the door is open in the future for hikes as higher oil prices Continue to drive prices higher says Christine Lagarde and the ECB are cautions of this. The US markets snapped a strong losing streak after better than expected earnings from Microsoft and Google. Google was down due to their cloud revenue being lower than forecast. Higher yields in the US and across the EU/GB have punished stocks in recent days with the US S&P500 breaching the 4200 support level. Hedge fund manager, Bill Ackman announced he was covering his short bond positions and now is looking to go long bonds as these attractive yields. The Fed are almost certain not to hike rates next week however the door may be open in December as Jerome Powell is watching yields with caution. To find out more , join the free app today at app.twoblokestrading.com

Duration:00:31:43

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The Impact Of War On The Financial markets

10/19/2023
In this episode the blokes look at the impact of war on the financial markets & what markets are most effected. The blokes also share their deepest condolences to the innocent people that have been effected by the war, especially the woman & children. Jonathan discusses how there is always two sides to every war & how main stream media always have an agenda, so make your own opinion through valid sources. Rory discusses how religion has & always will be a major cause in so many wars, along with the fight for power, money & resources. Jonathan shares how he was compelled to an image drawn by the famous artist Banksy, depicting the innocents of children regardless of their cultural background. While the war in the Middle East continues, the question for us traders is how does it effect the markets? Jonathan and Rory break down what exactly the implications are for now & may have in the future. While neither countries involved are major contributors to the global markets, countries such as Iran are major oil exporters which account for nearly 2% of total daily production. If they were to get involved and sanctioned, how would this impact commodity and energy markets? It would be negative and quite inflationary for markets causing a stronger dollar and weaker equities (similar to what we are seeing right now). The History books will tell us "the greater the increase in oil prices, the more likely a recession eventually unfolds." The question Jonathan wants to know is how much of this is priced in to the markets already. Unfortunately we don’t know what is priced in but what isn’t priced in is a deep escalation and involvement of Iran. If the war stopped tomorrow, we don’t think markets would react hugely positively, maybe slightly. However any escalation could be detrimental to markets. We are already seeing the cracks appear outside of the Middle East with inflation back on the rise, consumer spending strong however savings are down, credit card purchases are up and credit card delinquencies are increasing. Inflation & Interest rates remain high with no signs of slowing down with the 10yr US Bond Yield breaking above 4.9% on Wednesday. Why is all of this so important? Tune into this weeks podcast to find out more. Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:33:04

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Technical versus Fundamental Traders

10/13/2023
In this weeks podcast the blokes discuss the difference between technical versus fundamental traders. We also introduce Adam Harris, a long term professional in the financial markets who has now joined the team and most will already have noticed his great analysis within the app already. Adam talks us through his background and years of experience. He starts by telling us exactly how he got into trading and the process that led him down the route of predominately becoming a successful technical trader. The blokes share their opinions on their styles of trading, showing that regardless of how you analyse the markets whether that’s technical, fundamental or sentiment based, you can be still be profitable. There is a million ways to trade the financial markets its just perfecting your strategy to gain consistency over the long term. The blokes all agree that mentoring was key to success in their journey. The podcast was also recorded over the US CPI release and with a 3.7% YoY figure and MoM beating expectations, Dollar strength has since ripped back through the market causing risk off selling. While Rory couldn’t keep a good internet connection, he was able to tell us more about his view on markets this week and what a higher CPI number means for markets going forward. Following this the blokes discuss the rise in interest rates in the US & their opinion on the next US election with Adam of the opinion Biden will walk the next election due to uncertain times. Adam also discusses in the podcast his best tips for new and upcoming traders and what he recommends doing when starting out.

Duration:00:39:18

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Macroeconomic Indicators

10/8/2023
In this podcast, Jonathan and Rory discuss the importance of using macroeconomic indicators. During the live NFP stream that Jonathan and Rory shared via the TBT app, Rory mentioned before NFP was released how he thought there would be a larger than expected number as he read reports on indicators that suggest employment is increasing. Looking at reports such as the ISM and being able to take a collective data set of the recent initial jobless claims report, you can marry up the data and draw your own conclusions. This analysis can give you the edge when trying to forecast data releases. On this point, Jonathan mentions the importance of using your own data and your own ideas rather than relying on other people’s ideas. Jonathan says, “We see it time and time again where Investment banks have conflicting opinions and these guys are supposed to be the industry experts”. Rory also discusses the importance of not taking trade ideas directly from anyone. The main reason, it is that usually when things go wrong and its more often than not, they won’t post about it and let people know. This means people will be stuck in the trade with a losing position and won’t know when to get out. To find out more about the importance of using your own data, make sure to join the app today where this topic is heavily discussed by Rory. Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:17:18

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Gold Not So Shiny

10/3/2023
I’m this episode, Jonathan and Rory breakdown the week ahead in the markets and discuss the moves of last week, including why gold is not so shiny for investors. The blokes also share their opinion on what markets to watch this week. The ISM PMI came in above estimates however the S&P500 didn’t manage to take much advantage, closing nearly flat on Monday. However, tech is still being driven higher by just a handful of names. Dollar continues the climb above 107 as traders wait for the NFP and ESR report on Friday to determine the US labour market conditions. The ISM said that employment was better and on Tuesday afternoon, JOLT job openings has risen higher than expected creating more openings and a stronger market. Rory discusses in the podcast how there is 28% probability of a rate hike In November however there is a 6% probability of a 50bps hike in December, any wonder the dollar is rallying. Speaking of dollar, EURUSD continues to be held lower now at 1.04 , close to parity and levels feared last year. USDJPY pushed 150 before a huge shock lower to 147.50. Word on the street that the BOJ intervened in the open market. This would have pushed rates lower monetarily and we could hear commentary from them soon. Gold now close to $1800 , what a tremendous fall it has seen since the break of 2000. A lot quicker than we anticipated, however given the dollar strength, it comes with no surprise. Are you long or short gold at $1800? Oil has seen some rejection at the low $90’s and is now back below 90 at the high 80’s. Could winter demand start to push oil higher and what are the views on OPEC? All of our analysis is covered live in the APP. We will also be covering Non Farm Payroll live in the APP on Friday, come watch us as we analysis the markets live! Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:24:48

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Are Stocks Doomed?

9/26/2023
In this episode the blokes breakdown the markets & ask the question are stocks doomed? The blokes discuss how it’s a great time to be trading! Markets are directional which presents huge opportunity to capitalise. Rory also tells us how McDonald’s was founded. Have you watched the movie about McDonalds? If not it’s a great watch for anyone with an entrepreneurial mindset. I won’t spoil it here but I do suggest to watch it. This week In markets we focus on Yields, consumer confidence, dollar strength and equities which remain pressured as market sentiment shifts! A weak bond market which is effectively pushing yields higher and strength into the dollar is playing havoc on the equity market. As of 6pm London time on Tuesday, the S&P500 was down over -1.1% as dollar continued to surge and yields on the 10yr pushed past 4.5%. Fed Member Neel Kashkari reiterated his statement that he expects another rate hike this year however that was closely followed by a statement saying he thinks there’s a 60% chance of a soft landing. I feel like he’s been told to say this as markets reacted the first time and ignored him on the latter. China is also facing problems with the housing market under pressure and the major Evergreen defaulting on a 4 billion yuan payment which is putting pressure on the Chinese Yuan and Chinese equities which is also spilling into European and US markets. Oil continues to hold at higher levels even though it is somewhat softer the last few days. Some economists have warned if oil exploration in the US is not more heavily invested in then there is risk of an under supply and prices pushed past $120 and even as high as $150. Some favourite stock picks this week are still short ideas on UAL from Rory as higher fuel costs and potential for lower fares coupled with lower demand could impact top and bottom line. Jonathan is keeping an eye on MSFT to see whether their latest investment into the AI race will allow the stock to find some support. Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:24:09

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Global Recession Coming Soon?

9/21/2023
Jonathan and Rory dive into the facts to help understand if there will be a global recession coming soon? The blokes share their opinions on the future outlook across a global level. In the podcast, they mention how we have avoided a crash in the economy despite higher interest rates and the cost of living crisis. Rory discusses what caused inflation in the first place as well as some home truths to why wages unfortunately will never catch up with prices, even in the long run. The blokes also talk about how different geopolitical events can impact countries and how this filters down into markets and what traders need to be aware of. Understanding that there are always three sides to any story is the key to understanding the market. All media across the world is biased towards an opinion or agenda but only the truth will allow you a clear vision to best predict the future. Rory explains it is up to you to decide on what information to listen to, plus the importance of listening to all sides and how this can be brought back to trading. Download the TBT APP now to chat LIVE with the Blokes!

Duration:00:34:05

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The DXY is on a 8 week winning streak

9/18/2023
In this episode, Jonatan and Rory discuss how the DXY is on a 8 week winning streak, could it make a ninth? The blokes analyse some last weeks action in markets including, the US CPI print coming in hotter than expected along with the influence it had on Equities and FX pairs last week, plus the impact it could have on the FOMC this Wednesday. The Blokes also talk about how the ECB increased rates another 25bps to 4% and signalled to the market that they are likely done while they also revised up inflation forecasts, while lowering growth for 2023 and 2024. This week in markets, the Fed interest rate decision is on Wednesday night and Rory talks us through what to listen out for including, what their inflation forecast will look like, what the FOMC expects in terms of growth, as well as their expectations of interest rates within the speeches and the all-important Dot Plot. EU stocks have dropped off following the decline on wall street on Friday and Société general dropped 11% after the bank cut its outlook on profitability. The Blokes also offer their thoughts on the BOE interest rate decision due on Thursday & the effect this could have on the GBP/USD pair! Goldman Sachs expect it to be the last hike. Some expect FTSE100 to lag global stocks next year however with the index already undervalued and oil prices increasing, could the giants such as BP and Shell look to hold the index higher? Rory and Jonatan also talk through Netflix and United Airlines & why these two stocks are on their watchlist for this week. Check out the FREE Two Blokes Trading Community for education, analysis & much more!

Duration:00:24:30

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Mindset of a Successful Trader

9/14/2023
In this podcast we introduce Rajan Dhall & discuss the mindset of a successful trader. Raj has an extensive history and career in trading adding further value to our community, which we discuss in the podcast. Rajan talks about trading psychology and the importance of it and describes how retail traders can become better traders by simply switching their mindset. He also talks about how retail traders can develop their own strategy around a work life balance. Raj also talks about what got him into trading, sharing his very interesting story of how his journey started as a fitness trainer at J.P Morgan. Jonathan shares his thoughts on how retail traders battle with the psychology of trading & how traders can adapt a trading style that suits the individual. Jonathan also shares his journey of this and how he overcame the process. Jonathan firmly believes anyone can become successful in trading regardless of their background, once they are willing to learn, have the right information & follow the right process. Raj also talks about the average success rate of many institutional traders being lower than expected & how this opened up his eyes to change his approach. Raj also discusses matching the process with the personality and the importance this can have on a trader. Ragan offers tips for traders at all stages of their journey, discussing what holds traders back & how to overcome this. Rajan will now be sharing his analysis, ideas & expertise in the two blokes trading app, for our community. Download the FREE Two Blokes Trading APP now!

Duration:00:33:12

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Will Dollar strength continue

9/12/2023
In this episode, the blokes offer their opinion on the markets, taking a close look to see will Dollar strength continue with a busy economic calendar ahead! Rory and Jonathan talk about their expectations of markets ahead of the US CPI and FOMC Interest rate decision next week. The past week in financial markets has been a lot quitter than usual on a data front with the UK labour market conditions being reported slightly higher on Thursday Morning. On Wednesday 13th, the US CPI is due to be released and could change how the outlook is on broader markets. Starting with European Indices, they have been weaker ahead of the ECB interest rate decision. Negative data has German Dax down as traders brace for the ECB policy decision on Thursday. While the German investor moral is slightly higher in September, Wholesale prices continued their decline dropping by 2.7%. The US dollar and DXY seen natural resistance at 105 which was expected ahead of the key CPA data and FOMC interest rate hike next week. Rory shares his thoughts on how this data could shape the DXY stating a higher than expected CPI will likely move DXY higher well above 105 towards 106, whereas a lower than expected will see some cooling. He also thinks an inline reading will still be enough to drive DXY back above 105 as it will be 2 consecutive months of higher CPI reading which may give the FOMC a credible cautious but hawkish stance. Jonathan also talks us through his thoughts on Gold and the Dollar. Jonathan remains bullish on Dollar, while he would expect Gold to fall potentially below 1900 again and towards 1870. Tune into the podcast to hear the full rundown.

Duration:00:19:16

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Why only 20% of traders make money

9/8/2023
In this episode Jonathan and Rory discuss the well known statistic, why only 20% of traders make money. At the beginning of the podcast Jonathan runs through some statistics of the probability of footballers and golfers making it to a professional level. Jonathan and Rory both share their experiences of what’s helped them throughout their trading journey, most notable having a mentor. The blokes discuss with the growth of social media, there are now many charlatan traders, promoting their services to help other traders when they can’t trade properly themselves. Rory also shared some thoughts about his University experience, how people are committed to 3 year degrees at University to then only be considered for further training whether that’s law, accounting etc. Whatever job or profession you would like to do, it requires time to learn & refine the skill. Sometimes making mistakes along the way, the key is to learn from your mistakes & remain focused on the objective. Therefore taking trading as a profession or a part-time job, it involves a similar process of training and learning and then practice the application. Everyone’s journey won’t be as much as 3 years but with hard work and commitment it can be vastly reduced, especially if you have the right mentor. To summaries, how can you become one of the 20% of successful traders? Commitment – Never stop learning Preparation – Analyse before you execute Discipline – Risk management & Psychology (Stay Objective) Reflection – Always look to improve (Journal) Mentorship – Learn from real professionals To find our more on the confluences of the top percentile of traders and professionals, stay tuned to this weeks podcast. Join the Two Blokes Trading Community Now

Duration:00:25:40