Over 20 years in trading
So many traders don’t want to admit that they are losing money by trading forex. I don’t know why, because losing money in forex is apsolutely normal and it’s a part of this job. But what is important? The important is how much you lose and why? You must detect the reason and fix it in time. I will not write this as
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This is my trading desk and no matter that I use some systems for proffessional traders, all I can say is yes, multiple monitors are very important for serious retail trading as well, especially intraday. For making proper entry or exit decisions. There is so many factors which are important for the market moves, an example such as an equity
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In my yesterday’s EUR/USD analysis I have pointed at the possbile breakout up from the ascending triangle. Sure, I also pointed out the importance of breakthrough the 1.1180/90 resistance at first, but the sellers have decided for break down true the trend line, after witch my predicted support level at 1.1120/30 hold the fall. Well, here we are today at the
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Most begginers think that trading forex is easy money!? Why? Because, so many FX marketing activities encourages you to trade with large leverages, promising you large returns on small amount of initial capital. When begginers see this kind of ‘marketing’ they think that Forex is easy. It’s apsolutely not and I am sure if you read this article, that most of
Read moreI will try to take this reversal at EUR/USD today. You can see the exact process of my entry, protection and how I see the furder development here. It’s not easy to trade this, let’s see how will ended? I will move my SL by steps as I have pointed in my chart, the first one is already done. These steps are
Read moreHow much we lose when we are wrong, that is the most important thing in our decisions. I usualy said, cut you’re losses quickly and let you’re profit runing, but it’s not so easy to admit you’re self that you’re wrong, right!? Well, you must do that and with no delays. For so many times in my forex career I’ve made mistake by
Read moreYou’ve probably watched the NFP and US unemployment data today and it’s possible that you’ve been confused as well. After the NFP was way bellow the expectations, 151K vs 190K, the unemployment data shows fall bellow the 5,0% at 4,9%. The market was undecided where to go and even the first reaction was US dollar weakness, the same returned the strenght
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Most people are searching for an easy way to become rich and I know the most of the forex traders think the same. But, as I always wrote in my articles, there is no easy money nowhere, especially not in this job. Because of the great opportunities that forex offers every month, week, day and hour many traders are willing to invest
Read moreWhen you take a look at ‘my required numbers’, you will probably say: Wow, this is so easy to do! Well, it’s not so easy as it looks like. How I know that? Take a look 3 years back and see what you have done until today? What result have you made by trading? Nothing!? Only loss!? 20 procent in
Read moreIn the forex market, each day we participate in the battle between bulls, who are buying and pushing the prices up and the bears, who are selling, pushing the prices down. The side and the price of the currency pair is changing from minute to minute, keeping active both sides, as long as one of them win at the end of the day. Since you are
Read moreIn my gold trade from January 05., which I have presented yesterday here, you can see how huge can be difference between short term and long term trading and what is the ‘risk’ from long term trading, if you are a retail trader. But, can we call that as a risk and how to react properly in the situations like this
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Marty ‘The Pit Bull’ Schwartz run his acount up from $40,000 to $20 million by trading. Mr.Schwartz have a documented record of making 1000% a year, for seven straight years, using a million of US dollars. He is also the winner of several trading Championships, most of the time making more money than all participants together. He was originaly a Wall Street
Read moreI always write this, forex is the toughest job in the world. Why? Based on my huge personal experience by trading. So, it’s not surprise to me, that every single day I have messages with questions like; Can you help me sir, I’ve lost all my money by trading!? Unfortunately, I can’t help in that case, it’s to late. All I can
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Forex Trader 