Over 20 years in trading
On June 08. I made gold analysis and prediction of the next move and possible targets in the next few days. How accurate this analysis was, you can see on this chart step by step. All three steps/targets was predicted exactly with top price of the resistance area. At first 1265, the second step at 1287 and the last one today at
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Have you ever imagined how the forex trading floor looks like and how the big players trades!? If you not, start to think about that now. Why? Well, soon as you realized how they trade, you will see the market clearer. Many of you asked me, why my analysis are so simple and how can I so easy and accurate predict some moves
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Mark D.Cook lost all his capital several times while learning to trade including one occasion when he lost more than his entire net worth! In 1982 he sold naked calls on Cities Service that expired deep in the money. His account dropped from $165,000 to a deficit of $350,000 in a matter of days. In that occasion he made a total
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Check my gold analysis from May 24. and see how accurate my gold move prediction is. I hope that you read carefully what I am writing and not only looking at my chart and my important levels what I am marking mostly. It’s imposible for me to write and draw on all TF’s and it’s important for you that you read
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Too bad that the price didn’t reach my target, which was only several pips below the lowest price. To be honest, I was followed the move all day and I was sure that the price will hit my TP, but it’s not. Gold found the bottom at 1244, after wich the price returned up, as I see at the first resistance
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At first, I will show you my EUR/USD pre NFP and NFP trade, how I did it and why!? Everything is writen in my chart and you can see clearly why I have opened short trade yesterday after support level was broken, why I have closed the same manualy on the next confirmed support and opened a new, the long
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I am and let me show you why and how!? It was realy easy trade based on my expectation which I wrote in my ‘RBA Monetary Policy Statement’ article. This was trade in combination of the fundaments and technical analysis, what I like the most. As I wrote in my article, RBA cut cash rate on Tuesday to 1.75% and that was
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This is what I have predicted in my USD/JPY analysis from March 24., after the pair reached strong resistance area. This prediction was not only from the technical perspective, but because all the previous moves and developments in this pair, which I followed for weeks and what made me to see this possible move, analysis from March 17./18. as well. I
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Well, it’s not easy to answer on this very delicate question, but… I wrote in my risk page that you should always use a Stop Loss, to prevent you’re capital from huge decline and big loss. Must say that I stand by that oppinion for most of the retail traders. But, what’s the most important in that case is, how to
Read moreAs you can see on my chart, mostly visitors are coming to the broker websites from Europe with 35% of all. Asia is on the second place with 24%, Middle east with 13%, America with 8%, Oceania with 3% and there is 17% of unclear country of origin. If you’re doing any kind of work with Forex, here is where
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There are 4 million retail forex traders around the globe, from wich 1,6 million living in Asia, 1,4 million live in Europe and only 150,000 live in the USA. These are the confirmed numbers, but there is also less then a million live in other parts of the world, mostly Russia, but I don’t have the accurate data. It’s surprising how a small number of traders
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For sure I am not! I wrote before two days in my EUR/USD analysis that, something like this will happen and that the stops are in danger in around this level, above the technical strong resistances. After the NFP data was out much stronger then expectation, many of the small retail traders tought that the US dollar will benefit huge from that,
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Each week I recive a few messages about complete loss on account and no matter that I always write about the risk, it seams to me that’s not something interesting for the readers. I don’t know why, because it’s the most important issue in the forex market. I am not a magican and I can’t help each of you separately,
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Forex Trader 