Forex Trading Channels

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 choice for

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 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