Entries Tagged as 'Forex Trading'
The GBPUSD has formed a trading range over the past month or so. It’s currently hitting the resistance level of the trading range, and this gives us a potential breakout trade happening.
The GBPUSD: Potential Breakout Trade
There are many good trading systems available in the market place, but one of the most consistent, robust and proven [...]
[Read more →]
Tags: Forex Trading · Support and Resistance · Trading Lessons · Trading Range · Trading Thoughts
Along your trading journey, you will learn several trading ideas and concepts that seem to work every so often, but fail to work again almost every other time. It can be difficult and frustrating when you have done your “homework”, paid your dues in time, energy, discipline, review and continual studies but you still can’t [...]
[Read more →]
Tags: Forex Trading · Trading Lessons · Trading Thoughts
One of the major stumbling blocks to trading success (and in fact every other human endeavor) is what goes on in the mind. This is why as a trader, you must prepare your mind for trading success as well as learn the basics of successful trading.
When your mind works against you, even if you have [...]
[Read more →]
Tags: Forex Trading · Trading Journal · Trading Lessons · Trading Psychology · Trading Thoughts · Trading Tools
How do the forex markets really work? Why do prices move? Who causes the prices to move? And where do you fit in as a forex trader?
In the simplest explanation possible, the main driving forces of market behavior are:
Profit-Making (or profit maximization)
Fear:
Of Losing Money
Of Not Making Enough Money (Greed)
Forex Market Participants
The markets move because of [...]
[Read more →]
Tags: Forex Trading · Trading Lessons · Trading Psychology
Here’s a case study for trading the EURUSD End Of Day.
The EURUSD has hit into monthly resistance levels that were outlined much earlier in previous posts.
Would it continue to run, or turn round and head back down?
Trying to pick tops and bottoms is tricky business. Especially in currencies where markets tend to trend far longer [...]
[Read more →]
Tags: Chart Patterns · Forex Trading · Forex Trading Strategy · Technical Analysis · Trading Lessons · Trading Thoughts
Combo Forex Profit System is a forex trading system put together by David Chia, (Forex Trader, Researcher and Creator of COMBO Forex Profit System, NY, USA)
Forex trading can be complicated enough as it is, when there are so many ways you can analyze the markets to find trading opportunities. It’s easy to forget that successful [...]
[Read more →]
Tags: Forex Trading · Managed Trading Accounts
I’ve been trading the 5EMAs Forex Trading System over the past 7 weeks, testing it out in various market conditions and getting to understand the logic behind this system.
Does the 5EMAs Forex Trading System work?
In a word, yes.
You would still have to practice and put in the necessary screen time to effectively use the 5EMAs [...]
[Read more →]
Tags: Forex Trading · Forex Trading Systems · Trading Lessons · Trading Thoughts
This is the 7th week of Forex Day Trading with the 5EMAs Trading System. This week, I only took 3 trades, with all 3 trades turning out to be winners.
My Day Trading Results With The 5EMAs Forex Trading System
This is the week by week results for forex day trading with the 5EMAs Forex Trading System.
Starting [...]
[Read more →]
Tags: Day Trading · Forex Trading · Forex Trading Systems · Trading Thoughts
In the course of your trading education, you’ll come across many various trading strategies, tactics and techniques. Some of them might make sense to you, some of them won’t.
There are traders who have traded for quite some time (and I mean in terms of years, not weeks or months) who still find it difficult to [...]
[Read more →]
Tags: Forex Trading · Trading Lessons · Trading Psychology · Trading Thoughts
The Sure-Fire Forex Trading System is a forex trend trading system based on proven trading concepts. Mark McRae, the creator, has put together a very well organized and solid forex trading course that covers many important aspects of forex trading.
Areas covered in the course are:
Understanding how the forex markets operate
Products available to be traded in [...]
[Read more →]
Tags: Forex Trading · Forex Trading Strategy · Forex Trading Systems