Over 20 years in trading
By this I mean that the market is changing every single day and is’t uniqe on each hour. It could go anywere without any particular reason and that’s why you must be aware that there is no guarantee for direction, up or down. That’s why I would put it exactly as it quote says: there are no rules in forex.
Read more
Sometimes, when you lose, you will be angry on everything, on everybody, on yourself. But, what makes me happy is trading and I forget everything bad what happens in a matter of hour. I simply love trading, no matter what! You must love this job, otherwise quit trading.
Read more
This is not only for entry, but for closing the position as well. You must react on time and that’s what is the most important in between your decision while you trading.
Read more
It’s essential that you do this, to stop trading when nothing goes well and it will happen. You must detect ‘the point of no return’. By this I mean on certain amount of loss which is acceptable for you to continue trading normaly day or week after. Beacuse, if you lose to much, there will be hard to return, maybe
Read more
You can’t ignore your mistakes and you must work on yourself. Mistakes are usual part of each day in this job and it’s normal to make ones, but you must be aware of the most dangerous ones and improve them. If you ignore them, you will never learn how to make money on forex.
Read more
Most of the retail trades did it, same as I am for so many times. I you want to avoid this, use low leverage on your account, not bigger then 10:1. If you use big leverage, it’s only a matter of days when you will expereince someting like this.
Read more
If you don’t have enough patience, loss is inevitable. I mean, I know that forex market looks like there is opportunity on every and each minute, but the real opportunities are rear and you can catch them only if your not in position. That’s why be calm and patient, wait for the right one and when it comes, take it!
Read more
It’s crucial that you forget and put behind your bad day in the market and move on like nothing happened. It’s not easy and it’s better not to trade if can’t forget it. Calm yourself and return in the market when you will be ready to move on, looking only forward, not backward!
Read more
What can I say about 2016, my 6th year on forex!? Am I a millionaire, did I finaly succeeded? Have a reach the top of this stairs? Well, almost, but still not as I wanted. Here is the review and why I am still searching for success after 6 years by trading on forex. Success mostly comes over night in this business, right!? Yes it
Read more
The Federal Reserve increased its key interest rate by 0.25% on Wednesday. It signified the Fed’s confidence in the improving U.S. economy. Rising rates will affect millions of Americans, including home buyers, savers and investors. Fed officials raised its target for short-term interest rates by 0.25 percentage points to a range of 0.50% and 0.75%. It was just the second
Read more
The European central bank is expected to keep both interest and deposit rates unchanged at 0.0% and -0.4% respectively, while it is also expected to review its bond buying program. The current QE program is due to end by March 2017 and the market is widely expected ECB to extend it, but investors are divided whether should expect ECB to decrease
Read more
I must write something about my favorite gold spot price, as I am looking at this terrible decline in November. The precious metal simply crushed after the US elections and it seems like there is no end of this fall. Can the sellers erase all gain in 2016 in December and return the price in the beginning? Well, it’s a
Read more
Tough two weeks for golden bulls as US dollar buyers are serious in the market. That’s why the precious metal has almost licked 1200 today, with low of 1202.75 for now. That level is defended during the european sesion and gold rebounded for more then 120 pips, reaching 1216, where the sellers have took over once again, pushing the price down at 1209.
Read more
Forex Trader 