All posts by Walter A

Do It The Right Way

What Is Forex Trading

Use the Forex Market Time Converter , below, to view the major market open and close times in your own local time zone. Tip 16 – When using forex economic news calendar to trigger a trade entry make sure you have a trading plan in front of you and only trade news in the direction of the trend like your plan says to. If The Forex Heatmap® indicates a trade against the trend just remember that this may likely be a short term trade.

Forex trading is not different from what we see in the bereau de change where they buy dollars to sell pounds or sell eur to bur pound or dollars but in the case of automated forex trading, we see these trades take place in mutes or hours and even days and months depending on the way you want to trade.

But before moving on, let me show you one of my many live trading videos so you can have an idea of the type of trading I do. You will immediately notice how real trading is not mechanical at all… instead, it’s actually centered around price action reading and truly understanding what’s going on in the chart as the trade unfolds in real time!

In the first case traders can open long and short positions on the same underlying asset trading in different forms (e.g. in spot and futures markets) and on different exchanges, while in the second case they open long and short positions on different assets which are related to each other, like gold and silver.

Analysis of historical forex market action in light of current market conditions (known as technical analysis), possibly combined with consideration of global events and markets (fundamental analysis) can help the forex speculator gain insight into currency markets that might allow the trader to project future price movements.

Next to having unreasonable expectations with regards to the risks associated with forex trading and the amount of time required to be successful, a common mistake made by new traders is the lack of a forex trading plan In reality, there are two aspects to this plan; an overall objective for your trading activities and a plan for each trade you make.

I am a hedge fund trader – being here for 6 years – and I have a few Masters, CFAs, the whole lot needed to be successful in the empty world of finance – making the 7 digit figures – all of that, and in my free time I am trying to find ways to critisize the stupidity of people that believe there is a system, that trading can be taught.

Hello all, I hope that 2016 is treating you well so far. My wife and I were blessed with the birth of our daughter last May and she has been keeping us very busy :). So busy in fact I have not had a chance to write anything on my blog in quite a long time. It is a bit of a lazy Sunday afternoon in our home today so I have seized the moment.

Is Currency Trading Worth The Risk?

Forex Trading Strategies For Beginners

This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. One thing to consider that really helped with my trading, as well as backtesting, on daily charts was to make sure the time is what you want it to me. I could do a test on Forex Tester’s default settings and get one result, and move it to where the close is in line with the New York close and get completely different looking bars.

If you are a hobby trader and just want to stay in the market without losing too much, you don’t have to spend years building your system, but if you are committed, if you are serious, if you want to achieve financial freedom, than it might take you years before you have build and fine-tuned a successful trading system of your own.

Again I have to stress this is a much more risky trade plan then basing your trading decisions from the Daily Chart because there is greater chance that you will be getting into the trade in the direction of the overall trend but at the beginning of a larger retrace. However, using the H4 chart does offer more potential opportunities to get into the overall trend move.

In order to make money from your forex trading activities, you need to do what a cake shop does: Learn the basics, and hone your skills by continuously develop your product, in such a way that you can devise your very own forex trading techniques that allow you to minimise risks of losing money and beat the market somehow.

During this 4 years, of course i have learned a lot of trading strategy, trading rules, trading psychology, risk rewards and so on….. But unfortunately, i am still a person very struggling, frustrating, stress and always keep losing and losing until i have wiped out my trading account more than 10 fingers times !

What I liked about Andrew is his transparency and his passion to see others succeed , trading for everyone is different and my perception on it is to make great trades with your trading strategy forget about the money aspect and enjoy your trading and everything else that is a by product of this will see you reach your goals.

Currency Futures & Options

Online Forex Charts, Quotes, Trading Ideas And News

As a child, I remember collecting coins and bank notes from my father, every time he would return from one of his trips abroad. As per Investopedia, leverage in trading implies the use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment” or in simple words, when you take leverage from your broker for trading purpose that means you are trading with borrowed money or the money you don’t own.

I wonder why many people love deciet, if i have come here with some manupulative chart picture of my earnings, you would have believed me but because i said i have been demo trading for about 3months now, you are asking for a proof and who says the result of demo trading will not reflect in live trading.

Try not to have any preconceived notions, as an INTJ personality type I was naturally geared for this job and I have so many anti-social traits that it is unlikely that any of the fools that claim that trading will kill you could have influenced me. Most people are not like me, INTJ’s are just 2% of the population, so very rare.

You are going to be able to deposit funds into your trading account using one of many different methods including but not restricted to web wallets, credit and debit cards as well as prepaid vouchers and bank transfers, and will have more than enough currency pairings at your instant disposal thank you could ever have hoped for.

Unfortunately, since over 90% of people who get involved in trading lose money due to lack of disciplined trading skills, a small segment of those failed people refuse to take the blame on themselves and spread all bad vibes over the internet like blaming Forex trading on the whole or Forex brokers etc.

Using a Fibonacci forex trading strategy requires an investor to analyze a trend and determine if there is a pullback of the trend.Through Fibonacci numbers and ratios, an investor can make a decision based on the lines appearing on the graph.Determining the extent the pullback has gone on the Fibonacci graph will help a trader decide whether the price will be bullish or bearish.

Round number levelsThe software is applicable to all time frames e.g. scalping, swing and position trading and comes with a comprehensive instruction manual written in plain English, so it’fs not that difficult to money also buys youA one day coaching session with Andrew Mitchem, either one on one, a small group (up to 6 people) or by webinar.

We took the Forex coaching course 2 months ago and found it has improved our understanding of the market movements and enabled us to choose the most probable trades with amazing method is superior to trading automated FX signals as it enables understanding of technical analysis and individual risk management.

When an individual is newly entering into the world of Forex trading, at the moment they are a rookie and are new to it. For such an individual a ‘Demo Account’ which is considered to be a replica to the way of the live trading system can be used by him to gain knowledge and Forex trading practice There is no risk involved and the person actually realizes whether a Forex trading career is best suited for him.

Forex Trading In India

What Is Forex Trading In India? Legal Or Not?

The top 500 sites on the web The sites in the top sites lists are ordered by their 1 month alexa traffic. For rational scheduling of your work and for using your time and abilities with maximum result you could reach on Forex market, you should absolutely understand how this market works Moreover, you have to know when and where you must be waiting for its moving, to learn more about the time of trading sessions, of activity decreasing and of lunch breakdowns on the main world exchange markets.

So right now, I’m working on both the Emini course, which is also basically the same course as for stocks and crude oil, and gold — they trade all very similarly — and it’s also pretty much the same for Forex markets as well, but there are enough little subtleties about the Forex markets that I decided — also, a lot of traders only want to see Forex charts; they don’t want to see Emini charts or crude oil charts.

Legal: is a trading name of Trading Point Holdings Ltd, registration number: HE 322690, (12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus), which wholly owns Trading Point of Financial Instruments Ltd (Cyprus), registration number: HE 251334, (12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus).

I quit my job to trade fulltime, after nearly a year trading at home i got sick of it, it was so plain boring, i felt and became more and more like a retiree, i found out i didn’t want to trade fulltime, i just had the wrong job at that time, so i thought about what i really wanted to do and i got myself what i wanted, i still trade though, but i like solving problems, the acknowledgement that comes with it, being part of a team.. producing something of value.

Due to concerns about the safety of deposits and the overall integrity of a broker, forex traders should only open an account with a firm that is a member of the National Futures Association (NFA) and that is registered with the U.S. Commodity Futures Trading Commission (CFTC) as a futures commission merchant.

If the thousand simulated trades yield to a profit, then feel free to further study it by employing a larger market history (beware there’s another statistical risk here: some markets changed over the decades, in example futures changed their tick size!) and / or apply Monte Carlo simulations on your trading system.

It is highly unlikely that you will become a trading genius overnight, so it is only sensible to await the ripening of your skills, and the development of your talents before giving up. As long as the learning process is painless, as long as the amounts that you risk do not derail your plans about the future and your life in general, the pains of the learning process will be harmless.