Forex Trading Channels

Fear hinders, distracts, demotivates trader. It's harder to make money with it. Stop it! I have studied the most common trading fears and told how to overcome them.  How to deal with these fears is what I am about to mention. Do not be afraid that is the most important weapon trader should have first of all. 1. How to Deal With fear of losing Capital You have to invest with small amount. Do not place high value on this account otherwise, you will end up losing it. Although it is a tool to take extra care about even though you are there to make profit. 2. How to Deal With fear of Making Mistakes Accept that mistakes are inevitable. This is the only working way. No one can trade without mistakes. The good news is that in order to make a profit, perfect trading is not needed, most often it is enough to conclude a little more than half of the transactions in a plus. Follow money management, keep a trader's diary, analyze trading with a personal manager or on your own. Such simple s...

  If you are a new trader or are confused by fundamental analysis, this post will help you understand it all much better. Misunderstanding usually comes from the fact that fundamental analysis is perceived as complicated by most retail traders. On top of this, many retail educators actively teach that the fundamentals are irrelevant or priced in. This article will explain why this happens and then give you some very simple steps to follow. These steps will allow you to see just how powerful trading with the fundamentals can be. Why The Fundamentals Are Ignored Most retail educators will teach strategies that rely solely on technical analysis. They will also dismiss the fundamentals as ‘priced in’ and irrelevant. Imagine if you had a choice: The most common reason for this is down to the fact that technical strategies and trading robots are very simple to understand and easy to sell.Your first option was to make money from a simple system that did most of the work for you. You just ...

  Many traders are more than ready to learn how to stop buying the tops and selling the bottoms -- may be it's the same for you?   It is absolutely true that you can learn how to find reliable trades in the direction of the trend, and do it every day. No, not big money trades every day, but several every week, and you can look forward to becoming a profitable trader.   Powerful trading system to capture current market moves. Learn from the best coach. Indicators and Templates included. Buy low and sell high CONSISTENTLY In fact. Analyzing price action is not enough. You'll see how we add global context and two unique indicators to move the odds in our favor and enjoy up to 90% wins. That's why our coach has not had a losing day in over 4 years. Losing trades, yes, but zero losing days. You'll love learning from a widely respected professional trader, Eusebio Nanni.  For further knowledge... If you would like to learn more about him, you'll enjoy this i n-depth inter...

One of the powerful tools to really is Fibonacci when trading forex market. Some retail traders have neglected this tool and unable to find their feet in the market place. Hedge funds, institutional traders do not joke with Fibonacci Retracement which is the significant area of turns or reversal in the market scene. Here are some studies i was able to gather from some professional traders across the board. The first thing you should know about the Fibonacci tool is that it works best when the forex market is trending. The idea is to go long (or buy) on a retracement at a Fibonacci support level when the market is trending up, and to go short (or sell) on a retracement at a Fibonacci resistance level when the market is trending down. Fibonacci retracement levels are considered a predictive technical indicator since they attempt to identify where price may be in the future.

It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context it formed within, this provides us with an extremely valuable clue about what a market is about to do next. The inside bar is yet another “tool” in your price action toolbox that will add to your trading strategy which when mastered will help improve your chances of long-term trading success. An inside bar pattern is a multi-bar pattern that consists of a “mother bar” which is the first bar in the pattern, followed by the inside bar. An inside bar pattern can sometimes have multiple inside bars within the same mother bar. Here is what standard inside bars look like: As you can see by the image below, inside bars can form exactly in the middle of the mother bar or close to either the high or low, there is not an EXACT way they have to look, just as long as they are contained within high to low distance of the mother bar 4 Variations of...

After spending some time in the Forex trading business, many traders will get disturbed with it. There will be one thing messing with the traders. It would be the market analysis. Because you will not have the right planning ready for the right time frames of the charts. Then some traders may not have the proper planning for the sizing of the trades. Even some traders tend to make poor choices with the trends by placing a trade. Before getting into any particular signals, you can be convinced that there is a good chance of winning profits. But after some time, the trends can turn against your trades. That is why the traders will have to have proper control over their business performance. In this article, we are going to talk about the right and proper way of going for trade. It will make your business much more relaxing and profitable in the system.   You will have to prepare for the right trades   By preparing yourself, we are talking about making the right ch...

Forex trading has become a big issue even to the experienced traders talkless of newbies who do not know much about trading forex strategies. Before you click that trade you better consider the following steps; 1. If You Loss Consistently, Stop Trading For A While There are two ways in trading is either you win win or loss loss i.e Your win ratio and risk/ reward ratio. Your win-rate is how many trades you win, expressed as a percentage. For example, if you win 60 trades out of 100, your win-rate is 60%. Try to keep it simple though, and use strategies that win more than 50% of the time and offer a better than 1.25 reward/risk ratio. 2. Don't Trade Without Using Stop Loss Have a stop loss order for every single forex day trade you make. A stop-loss is an offsetting order that gets you out of a trade if the price moves against you by an amount you specify. Your loss is moderated. Take it and move on to the next trade. In addition, never place your stop loss too close to t...

Forex Trading Can Be Frustrating Sometimes    Sometimes forex trading can be frustrating if one lack of adequate knowledge to trade successfully. As some expert use to say "No perfect strategy" I agreed with them. Any one can make mistake, no body is above mistakes. I have seen many people who are doing well in forex trading. Quiet number of successful traders all over the world have story to tell. Some have people have left trading because of frustration. Reasons Why People Lose In Forex *    Some people have little or no knowledge about forex trading. *    The number of Degrees you acquired does not count *    Some trade with Emotions. *    Some lose because of pre-conception that people lose money a lot *    Too minimal capital Eurusd h1 For example, the above cation. I expected the market to move with the candle formation and my indicator is at the extension area. On knowing t...

How to grow $500 to $1 Million Usd in 2years You may be wondering how possible to make million Dollar within two years of dedication on serious trading with discipline, sure it is possible.  It is really easy to be a millionaire in forex trading, all you need is strict discipline, dedication, and focus. 1 Focus on making 20 USD with 500 USD 2 Make discipline – 1 or 2 trades in a day, then after calling it a day 3 Make a target/ Fix an amount to earn weekly/monthly, stick to it. 4 Consider 20% to 30% bad trades also. 5 Never increase your lot size, at least for 3 to 6 months 6 Stick to certain forex pairs only, don’t jump on each n every pair 7 Believe in yourself, trust n focus on your trades 8 Don’t deviate from your decision with external factors 9 Use a ladder to go up, Step by Step, Don’t jump Considering only 4% return per day Make 20 USD from 500 USD – trade for 3 months 20 USD/Day * 66 days (3 months) = 1320 USD 1320+500=1820 Net capital Now you have 18...

As people begin their trading journey and contemplate developing an investment portfolio of their own, whether it is by buying and selling shares, bonds, mutual funds, futures, or trade currencies they will come across the term broker and brokerage account. Before traders are allowed to start trading they will be required to approach brokers with whom they can open a brokerage account through which they will be able to buy and sell instruments of their preference. Brokers buy and sell shares, bonds etc on behalf of their trader clients against a fee or commission. The fee or commission can be as low as $5 or ten dollars, or can even be more and go up to a few hundred US dollars, assuming we are talking about opening account in the United States of America. Brokers and brokerage accounts are mainly of two types, traditional broker account also called full service brokerage account; and discount broker accounts. Brokerage Account Fee Structure or Format: Fee structure has...

Having no idea what a broker charges for their services, makes it hard to consider one. Without doing the homework ahead of time, one may find himself blindly walking into a broker’s office, gets “pumped up” by the broker, only to be hit up with an unpleasant surprise when presented with astronomically high fees. This is simply a waste of time for both the broker and the potential investor. Still, every investor needs a broker, especially beginners. Fortunately, not all brokers charge sky high fees nor have the same minimum requirements. It pays to shop around rather than select the first broker you hear about or see. Some brokerage firms reside in high-rent, fancy offices, have high overhead costs and therefore charge more for their services. Other firms operate online and simply need just a computer with internet access. Since they work out of their homes, they can provide the same service for much less. Having a broker you can interact with personally may seem nice, ...

There are too many ways to hold the winning positions. Different traders have different strategies for this. Some traders prefer to collect some profit through some of the winning positions, and then hold the other positions for as long as the market moves accordingly. This is what I do too. I take two positions with the same stop loss when I locate a too strong trade setup . One of the positions has a 5 x SL target , and the other one has no target. When the first position hits the target, I move the second position’s stop loss to breakeven and hold it. The question is how long I hold the second position. I use several different ways to decided whether I should still hold the position or not. One of the ways is formation of a too strong reversal trade setup. When a too strong short trade setup forms while I have a long position based on a too strong long trade setup , I have to close my long position and collect my profit. I do it when a too strong reversal tra...

The US dollar managed to end the busy week a bit stronger, but the NFP took some of the wind out of its sails. ISM Non-Manufacturing PMI, US trade balance, and jobless claims, as well as rate decisions in Australia and Japan are the main market movers for the week ahead. Here is an outlook on the top events on our calendar. Last week the NFP release was a  big disappointment with a lower than expected gain of 162K jobs in July. Economists expected a bigger increase of 184K. This came after an encouraging number from ADP: a 200K addition in private sector jobs. This reading sends mixed signals to the U.S. Federal Reserve and will certainly make them more cautious about their QE tapering plan. Will the US job market show resilience and ease growth concerns? In the euro-zone,  Draghi acknowledged some green shoots , but policy will stay accommodative. In the UK, the focus shifts to this week. Let’s Start US  ISM Non-Manufacturing PMI:  Monday, 14:00. The U.S. bus...

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