Here are two important truths, you should remember in forex trading: Expect the Unexpected, No matter how much effort you put in your analysis, you still won’t have a hundred percent accurate idea of where the market is headed. There’s always the chance that a surprise is waiting just around the corner, maybe in the form of an unannounced currency intervention or shockingly dovish comments from a central bank official.… Read More »TRUTH IN FOREX TRADING.
Are you sure that you wanna give up?Yes I’m talking to you. Yes you’ve blown some accounts here and there but is giving up really worth the pain you went and still going through? I’m telling you that the dream is yours only if you are willing to give everything for it. So why they are not supporting your dream, it’s because its not their dream in the first place.… Read More »BEFORE YOU GIVE UP,THINK WHY YOU STARTED
Calculating the lot size to use in a tradeI.e If you are risking only 2% of your acc per trade, here is how you’ll determine the lot size to use. Using an acc size of 1000usd ,2% of the acc is 20usd . If the market structure gives you a setup with a 40 pips SL, Calculate the lot size that will equate a movement of 40 pips to 20usd,… Read More »RISK MANAGEMENT TIP
Objection #1 : But I won’t make much money trading without leverage? This may be true in the short term, but medium to longer term you will make money. If you can generate double digit returns over the course of a year you will be right up there with the best of them. Also, if you can prove to yourself that you can manage money responsibly you will have much… Read More »COMMON OBJECTIONS .
First, let me start of with the term ‘investment’ in Forex. It always irritates me (slightly) when people refer to Forex as an investment. And it irritates me more when they complain that they cant get a profit out of their investment. People, let me tell u this now. Forex is NOT an investment. Let me explain. In order for something to be an INVESTMENT, it has to meet a… Read More »MYTHS OF FOREX TRADING
“The most precious gift we can ever have”.I think the moment you wake up and open your eyes, is the first achievement of the day. We sometimes get so absorbed in what we don’t have and how to achieve it that we don’t appreciate what we already have, the gift of life. Many people had plans for this particular day and date but not all of them were able to… Read More »Being Grateful
Retail Traders typically trade over short time horizons — using short term charts to analyse and make trading decisions from. They will often use 5 minute, 15 minute, 1 hour and 4 hour charts to trade off. Basically “day trading” as their main or only trading strategy. Professional Traders know this, although they won’t tell you because they don’t want you to know! Professional Traders love day traders as they… Read More »Short term “day trading” versus longer term time horizons
I see many people here coming out with retail mindset and phrases like “pays the bills”, “made the dinner” etc. Have a read below: Key differences between Professional Traders and Retail TradeRS Hi there! If you are a new or struggling trader, or are thinking about “trying it”, then I want to help you through my articles here. First of all, I want to explore the key differences between Professional… Read More »
The Volatility Index (VIX) is widely considered the foremost indicator of stock market volatility and investor sentiment. It is a measure of the market’s expectation of near term volatility of the prices of S&P 500 stock index options. Since its introduction in 1993, the index has grown to become the standard for gauging market volatility in the US stock market. This has earned it the monikers ‘fear index’ and ‘fear gauge’. In 2003, encouraged… Read More »What is the VIX?