Forex Trading Channels

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 the market refuse to go in my direction. If it will be new trader, will be panic

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 1820 U

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 trade setup

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. business activity  slo

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