Forex trader blogspot
I guarantee you'll be able to impress them and totally sound like you know what you're talking This is surely a magnificent day, the next step to becoming a professional trader. The feeling of having your trading endorsed by a trusted website such as Myfxbook is wonderful. That dream of working full time Imagine if you could live the life of a forex god.
But when should you trade? Where should you enter? Which currency pairs should you be looking at? Imagine if there was a solution that told you exactly when to enter a trade! Starting this site has probably been my best decision ever.
There are plenty of times that I've wanted to bash my keyboard into oblivion, or spray my monitor with spite filled saliva.
But reflecting back on these events, it's dealing with this adversity that has allowed us to continue to improve, offering our For those of you who don't know, here's a straight-to-the-point crash course on what support and resistance is.
Every 'Tom, Dick and Harry' around the world will be We want to be able to identify possible trading entries, anything that conflicts with it and in consideration of the trade itself, what I refer to as 'key hurdles'.
These are significant levels of support and resistance. He who understands it, earns it This is relevant to any financial market traded. Large order traders are especially incentivised to see price move into areas of strong order flow. Understanding liquidity and the cost of execution, must be understood A short squeeze is when the market reverses aggressively after a relentless sell-off. One may view the 15min chart and note the short squeeze, however, another may view it as nothing more than noise on the 4hr chart.
Most of you would have heard the cliche saying: In this article I want to divulge one Reflecting back to when I first found Forex, trading then - to put it bluntly - was a hideous experience.
It was an emotional roller-coaster. My enthusiasm and short-term successes ebbed and flowed How many times have spent hours researching, trading then failing before giving up on a strategy? Finding a strategy is one thing, but knowing when to give up on a strategy is something most of us never think about, let alone act on.
So how do you know when enough is enough? Let's hear what the big dogs are saying Let me give you a simple Make sure to register your free account and join our Forex Trading Room.
Subscribe to our ForexSignals. Blog Forex Forum Log in. Any trade has a stop loss. March 6th, by Damyan Diamandiev. Retail traders start their journey to financial trading with a significant disadvantage. Most of them lose the first deposit. As such, finding the right FX strategy became the norm. What is the right FX strategy? February 27th, by Damyan Diamandiev. Everyone strives for it; few achieve it.
What does it take to be successful in currency trading? An FX trader has odds against it from the start. From brokers to other market players, they all influence prices. Except for the […]. February 19th, by Damyan Diamandiev. Also called the father of trend following, he built the now famous Donchian channel indicator mt4 traders use. Despite its reputation, the Donchian channel indicator is not only a trending tool. Instead, it plays a vital role in showing volatility.
February 13th, by Damyan Diamandiev. For long, moving averages define the direction of a market. Any technical Forex analysis course starts with an exponential moving average.
Or, any type of other moving averages that exist. Traders use moving averages to predict price direction. However, for many, they lag too much. It means that moving averages define a bull or a […]. February 7th, by Damyan Diamandiev. Technical analysis is the base of speculation. Therefore, understanding technical analysis using multiple timeframes comes handy in Forex trading. Moreover, technical analysis using multiple timeframes by Brian Shannon became almost a cult among retail traders.
And, for a good reason. Brian took technical analysis to a new level. His approach to Forex trading looks at […].