🔴Scalping GOLD XAUUSD H1- 31th January! #2

︎Market updates, analysis, forecasts and trading ideas. All content is personal opinion for informational purposes ABSOLUTELY NOT investment advice as I am not a financial advisor
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Lose The Need To Be Right In Forex Trading!

One of the most damaging mindsets that a new trader can have going into the trading arena is an expectation to be right all (or even most) of the time. Let me explain.

Would You Know a Good Forex Trading System If You Saw One?

When I started in Forex, I wouldn’t have known a good Forex trading system if it had walked up and slapped me in the face. Would you? Many traders I talk to have studied trading for many years, have taken expensive courses on how to trade, spent more money on trading systems, read many books, traded hundreds of hours if not thousands and still lost money.

What Is Your Best Pitch in Forex?

Not everyone plays baseball that trades Forex but they have a lot in common. To become a good trader in Forex you have to think like a good hitter. Good hitters have a “best” pitch to hit. They also have a pitch that is “almost best” and then it goes down from there.

How to Trade One Hour a Day in Forex and Make Money

Is it possible to trade one hour a day in Forex and make money? Many people who want to trade Forex don’t have the time to trade all day or even part of the day. So can you trade one hour a day and make money, perhaps enough money to live on?

When To Do FX Trading

Many newbies come to Trade Forex totally ignorant as to when the main money flows are coming into and out of the FX Market and what that actually means to you as a trader. As part of your learning process it is critical that you know when you should be trading and when to expect volatility.

Forex Trading – 2 Reasons Why You Should Avoid Trading The Exotic Pairs

Most traders are aware of the major currency pairs such as the GBP/USD, EUR/USD, GBP/JPY, USD/JPY and EUR/GBP pairs, but if you dig a little deeper you will find that there are over 100 different pairs you can trade. These less well-known pairs are often called ‘exotic pairs’. However you will generally find that almost all forex traders avoid trading them, for two main reasons.

Becoming Friends With Your Currency Pair

Are you friends with your currency pair or are you just an acquaintance? When was the last time you really spent time with your pair? Have you ever considered that the currency you trade has a personality all its own? Could you define what it is? If you knew what it was would it help you trade?

Forex Currency Trading Tutorial – What Are Pivot Points?

Pivot points can sometimes be a little controversial when it comes to their application in currency trading. Many traders believe them to be a “dinosaur”, and to have no place in the modern trading world. My own personal advice though is to put them on your charts and have a look at some history. Then make up your own mind as to whether you will find them useful, or not.

Why Do Forex Traders Fail?

Why do Forex traders or just any trader fail? Is it because their knowledge of the markets is lacking? Bad luck? The market is rigged? The market Gods are against him? No it’s actually much simpler then that, human emotions.

Renko Chart – Is It Useful?

The renko chart is a very excellent and effective tool for determining a development in the economic market, and many forex traders make use of them. The word “Renko” comes from “Renga”, the Japanese word for “Brick”. The square boxes that make up a Renko chart are often referred to as “bricks”.

$3,400 – My First Real Cash Online TRADING FOREX

What is this FOREX? Is forex that profitable; is forex really a win win thing, who gets involve in trading forex? These were all the questions spinning through my head sometimes ago until I made up my mind to do a little research on the subject matter (forex). “FOREX” as I learnt is an acronym for foreign exchange. Forex is the world’s largest spot (cash) market for trading currencies. Haven discovered these, I Purchased all and funded my account with my remaining balance of $276. This is what grew into $3,400 in ten Forex trading days and is still increasing by the day…

The Secret of How to Make Money in the Forex Market

There must be hundreds of thousands of people trying to make money in the online Forex trading market. Only a handful actually make money on a steady and regular basis. In many cases most people can not see the wood for the trees in this ever challenging complex Forex Market. So many Forex traders focus so hard on developing Forex trading skills using Forex trading courses, reading eBooks, using automatic trading programs or alert services. Although these methods can produce good results they can be highly time consuming and inconsistent. With the advent of highly geared, mini and micro accounts the Forex online trading market has truly been opened up to the man in the street. Now Forex traders can participate in this market with only three hundred dollars in their account as a trader or even as an investor. An alternative way of making money in the Forex market is to use a business or investment approach.