Profiting Pips From Scratch
Have a question about Forex Trading? Ask Where Smart Money Goes! Hi David, Do u mind to share wif me whether you place any stop loss on ur trade & the %? If no, what if the loss has reached $700 (and may go higher) and your acct’s deposit is only $1k? Thanks, D’s Mummy Hi D’s…
Read More
Revealed: Profitable Trades Are Actually Boring Yes you heard me profitable trades are like watching paint dry, nothing thrilling that keeps the adrenaline running. Forget about shows like The Boiler Room it is not that exciting, that is why 95% of the traders that try to trade full time never last their first month of trading let…
Read More
What Is COT? COT stands for Commitment of Traders and it is a report issued by CFTC also known as Commodity Futures Trading Commission how large speculators, commercials and small traders have placed their bets in the futures markets in terms of open interest information based on the previous Tuesday. Every friday CFTC will release this COT…
Read More
Trading in forex in order to become debt free is an option that is being considered by a number of people these days. The forex market is intricate as well as complex. There are a number of ways in which the forex market works. One such way is using only support and resistance lines. If…
Read More
USD/JPY Intraday Analysis: Possible Upside Prevails This is the first time I am doing some pre trade analysis on the USD/JPY and I’m still using price action to determine where price might wander to. Newton’s Law of Motion applies to everything including persistent trend in forex. Hence the best buying position is either where price…
Read More
The Japan who is a huge consumer of oil, second to India and third to China has been facing difficulties within the country and outside of the country. Let me explain within the country troubles brewing over the nuclear meltdown and social unrest about restarting energy source. With such pressure not to cross path with its people,…
Read More
Price Action Demystified – Yen Futures 2012 This is my first time using price analysis to determine if price action is the best to go. My signal to go into trigger action comes from a break of either resistance or support. If price did break like in this case on the left, for the 1hr…
Read More
There are many times when increasing winnings or ego rubbing creates confidence and complacent and unfortunately a lack of discipline and focus which led me to discuss about my recent trade gone wrong and hopefully doesn’t blow my account. I had consecutive positive trades selling the EUR against all US and Cross pairs as nothing so far been concrete…
Read More
Today we talk about meaning of words when powerful men said to stimulate their countries economy and the latest we have is the so call austerity measures as suggested by Greek Prime Minister Lucas Papademos whom won approval from parliament to receive a second aid package. The following was quoted Greek Finance Minister Evangelos Venizelos, additional measures were needed…
Read More
1hr chart shows EURUSD coming for a pullback. Should I go in? What time is it? London going to be fully open. What is 4hr on the EURUSD saying for force index? Not much. What does USDX says? 1hr can go in for the quick bite but alot of lesson has show me not to…
Read More
