Over 20 years in trading
During my FX career I have experienced a lot of things in the market, but this is the one most important, target! Recent develompent in the EUR/USD remind me on this, lot’s of up and downs or as I call this, the roller coaster. But, everthing is happens between the support/resistance levels, you can check my analysis to see that.
Read moreI hope that you saw the way I protect myself today from too big loss. Yes, I am using stop loss (SL) and yes, I am happy about that. Why? Well, you can see in my first EUR/USD trade that the price went 40 pips lower after my SL was hit. I have enter in that trade with 0,5% risk of my
Read moreFor how many times have you wanted to make ‘more’ money, even after a great trading period!? I know I am, for several times in my trading career, especially in the fx market. Well, this is kind of work where such situations are inevitable and greed here is not easy to control. But, it can be reduced! What important is, that you are aware
Read more
Have you ever thought about this? “It looks too good to be true” Sure you are if you have something in your head, right!? To be honest, several of my new facebook ‘FX friends’ spurred me to write this short article. It’s unbelievable how many people is promising easy money by trading forex, but belive me, forex is nothing like that. Forex robots
Read more…about some abnormal levels, maybe it’s time to think about reversal!? It’s not a rule, but I experienced this several times in the market. On my oppinion, everything bad is priced in the euro, but there is nothing bad priced in the US dollar in the past 10 months. Sure, there was a lot of reasons for weakining the euro, 1st rate
Read moreIt doesn’t matter if you use lines of support or resistance, if you use up or down trendlines, ‘their beauty’ lies in simplicity of use. You can see in my analysis and trades, that my most common tools are exactly those lines! There is so many tools in my platform, most of them I tested but some of them I
Read moreIf you want to open the position in the FX market, you have to take a risk, same as you must have the potential target, or profit level. That’s why, the Risk/Reward ratio is one of the most important things in FX trading. Which one to use? There is an unwritten rule about this and certainly the most common ratio that
Read moreYou don’t know what to do, am I right? At one moment your pair is bullish and going strongly up, few minutes latter everything is changes with no reason and the pair going down strongly, then up again… No worries, that’s normal development in the fx market at the end of the year. Funds and Banks are adjusting and rearranges their portfolios and boosting
Read moreThis is not strange, I was patient and wait for a several hours to move my SL on the BE, but Mr. Makrket decided to go back one more time and collect my SL before fly and touch the sky. 🙂 This was probably my mistake, because 1.2500 level was well supported and my tight SL was protected with very
Read more
Forex Trader 