You would always hear about how pathetic naïve traders are! It is sad how they cannot trade the market like a pro. But don't you think that they have their own reasons? Have you ever thought why they cannot trade like a pro? What do they lack? What sets them away from the professional traders like Singaporean traders? Well, it is totally reasonable for you to have these questions. There are many things that make the trading journey of a naïve trader really tough. They may even think of quitting the market. Some naïve traders don't leave the market but they keep trading even if they lose, which is another huge mistake. Leaving the market would be much better than remaining in the market and making losses. So anyway, if you are a naïve trader you should learn why trading is tough. There must be valid reasons why trading is tough only for naïve traders but not for professionals. Actually, it is not about the market but it is about the traders. The way you see the market would be…
Online trading has become widely popular in the past few years. With the advancement of modern technology, the common people are more inclined to invest online for getting higher returns. Ontega is a reputed online trading broker site that allows safe FX and CFD trading with the help of their efficient online trading platform. This Cyprus based company educate the investor as well as to become a successful online financial trader. Their online platform is designed in a way, to guide the new as well as the experienced traders.
This article aims to provide you a well-comprehensive review about Ontega trading. The detailed illustration is given below;
Importance of Financial Trading
Online financial trading is an essential tool for those people who seekfinancial freedom and flexibility. Through online trading, you can choose whatever you want to trade and whenever you want to…
There are many traders in this industry that do not have the idea on how they could trade the market without emotions. Most of them get emotional in their trading and before they can make a profit, they have losses in their career. This is not going to work if you want to trade the market professionally with your emotions. The better you trade without emotions, the perfect you can become. This article will tell you why you need to trade like a robot. You may feel the thrill of trading with ups and downs when you are emotional but it will keep your account safe. This article will give you some tips that you need to follow in all of your trades.
Learn from the experience traders
Being a new trader, you should seek help from the expert traders in the United Kingdom. They will give you a clear overview of the complex nature of the Forex market. If possible try to find some expert mentor. Many novice UK traders have mastered currency trading profession…
I read a Forex post comment the other day written by Daniel Stasziek on a Sir Gissachance trading alert, the alert was bang on the money but Daniel's comment was really quite funny and equally on the money, inspiring me to send this one. Watching this clip reminded me alot of when Sir Gissachance unintentially but repeatedly traded against the expert panel at Forexstreet and their continued response to his posts over several years of trading there. Everyone used to watch that forum try to bully him constantly but it never worked. The whole FXStreet cover up story lead by the blind leading the…
Recently I've got back to one great book about Modelling and Simulations I read few years back. There is a basic model for economics mentioned, the Pólya urn model. It reminds me nothing but our lovely financial markets we trade everyday.
How does Pólya urn model work?
"objects are represented as colored balls in an urn. In the basic Pólya urn model, the urn contains x white and y black balls; one ball is drawn randomly from the urn and its color observed; it is then returned in the urn, and an additional ball of the same color is added to the urn, and the selection process is repeated. Questions of interest are the evolution of the urn population and the sequence of colors of the balls drawn out." (…
Presenting keyboard shortcuts which I find extremely useful in charting forex markets. Keyboard shortcuts will especially help in making trading alot faster, so why not begin to learn them all which enables extra speed putting a trader in front of trading competitors? (:
Provided by www.oanda.com. It is easy to see most of the traders around Forexmospherians.com trading forum using these tools. The most useful of all and used all the time by myself are marked in the red rectangle in the photo below.
Wash trading, tape painting, spoofing, pump and dump.
There have been so many people sentenced for these activities. Despite the fact they know it is illegal they keep trying.
Now let's imagine you are one of the people who want to make big money in the market, you can try one of the activity mentioned above, but you are facing the risk of going to jail. Well it does not sound so cool anymore, right? But wait... What if there was some kind of unregulated market with big cap and liquidity?
Aaaaand there is one =) In my personal view, all the market fraudsters are already there, rigging the crypto market with style.…
This is for my friends,especially my closest Sir G,miss you my friend we must talk soon,we have lots to catch up on.
"what flavour is it?""well it's... seabird flavour, do you want some or not?"While an albatross used to be good luck before some idiot killed it, it is better known as a bad luck icon. It seems that my trading style has upgraded from magic 8 ball to albatross! I have my own homework charts and review them before I dive in but it seems that I am predicting 24hrs ahead. Currently I am a few thousand pips down over the past couple of months since I started trading, so my advice is to slow the roll, keep checking the data and if you spot a pattern like my 24hrs, trust your gut that it is going to continue. I've stopped trading and am now watching the pattern to see if my predictions come true, hopefully albatross will soon be shamrock and I will make those pips back up over time.
Recently I was thinking about how to make my trading better - how to increase the odds more. Thinking about many successful traders from the history, they used yet different kinds of a Market Cycle Theory. The need for such a theory arised from their own trading experince and so why not to use one for our own wealth creation? What theories are there and which of them can trader use for trading? Keep reading and you will find out.…
In todays Foreign Exchange Markets blog I'd like to talk about the Relative Strength Indicator otherwise known as RSI in Technical Analysis. The very well known indicator available in every possible charting platform out there. There are many FX traders using it while being profitable traders, from what I can remember even Marty "Buzzy" Schwartz was using it with his Moving Averages and Stochs. As always though, in this Forex business there are Traders who are using it but they fail to understand it properly and never go on to realize what they are doing wrong with an action plan of how to correct the interpretation and use of. Therefore, I would like to share my thoughts, mainly gained from a book…
A Chinese man walks into a bank in New York City and asks for the loan officer. He tells the loan officer that he is going to China on business for two weeks and needs to borrow $5,000.
The bank officer tells him that the bank will need some form of security for the loan, so the Chinese man hands over the keys of his new Ferrari parked on the street in front of the bank. He produces the title and everything checks out.
The loan officer agrees to accept the car as collateral for the loan.
The bank’s president and its officers all enjoy a good laugh at the Chinese man for using a $250,000 Ferrari as collateral against a $5,000 loan. An employee of the bank then drives the Ferrari into the bank’s underground garage and parks it there.
Two weeks later, the Chinese man returns, repays the $5,000 and the interest, which comes to $15.41. The loan officer says, “Sir, we are very happy to have had your business, and this transaction has worked out very nicely,…
An extraordinary LBC interview between Nigel Farage and Marine Le Pen, the controversial right wing leader of France's Front National speaks.
Amongst the numerous topics covered in this lengthy interview, this French Leader of the current French opinion polls talks about the tension between European Leaders. Relationships with USA and Russia, the logical steps to let European nations have their own currencies which will naturally find their own values. "The Euro is a major European handicap". The special trade relationship the French and British could strike up. The blackmail tactics against the UK by the European Leaders. Marine praises the British people for deciding to leave the European Union. Marine also confirms the immediate suspension of the Schengen…
Come, Tell me your Forex Story. Join the Forex Foreign Exchange Market Forum and tell your Trading Story at Forexmospherians.com
I would love to hear all about your trading journey, where do you come from, when did you first become interested in Currency Markets and Trading, how long have you traded, what currency pairs do you trade, what type of indicators do you use on your Forex charts, are you a Fundamental Trader or do you use Technical analysis, what FX strategies do you use and what is your Forex trading plan?…
Here are my thoughts
I am at heart a Forex scalper
I understand that a lot of money can be made with swing trading but my style is of scalping
Here is in a nutshell my method
M5 chart + macd + stochastics + bollinger bands
I have attached a chart as an example
I have made approx 15% in last two months
Here's a Forex message in a bottle - I may have mentioned this before but thought it just could add some value to someone someday somewhere:
The question is would it be fair to Forex Brokers if we posted what the Forex Markets would do for 71 currency pairs in multiple time frames, thus giving everyone here time to prepare.
I say no, that's not fair on the Brokers at all! and we never ever do it! (everyday nor with up to or greater than one weeks notice as per Forexmospherian Currency Kraken, FPA and CBA. Nor do we make numerous videos giving 12 months notice of what the markets will do neither. Nor do we code any posts nor publish videos that contain hidden Forex market alerts and messages. Just to name but a few items not available here!…
Trading Forex | Everything is Consciousness
After considerable thought given to a previous post called "Everything is" which I wrote many years ago and shared at another Forex Trading Forum called Forexstreet, I decided to go into this a little more and hopefully it will be of use to others who missed out first time around or for those who needed further information. So, lets get into this with a Free thinking mindset which is at the heart of Foreign Exchange Trading.…
I wish You from the bottom of my heart merry Christmas and happy holidays ! :) Lots of presents [pips ;)] under the christmas tree and enjoy the great christmas atmosphere with all the people You love and like :)
And Christmas in Canada be like :o) Hope this will avoid us all :)
I am an occasional chess player and there are many quotes and proverbs about chess that can be viewed as trading Forex :) I would like to share some of them with you and also would like to know what you think about it whether it is same as a Forex trading strategy, similar or absolutely unrelated to trading in the Forex currency Markets. ;)
I would like to add one picture everyday.
So the first one is:
What do I think about it... Is probably that I was too much concentrating on the openings of my Forex trades rather than the middle game or endgame in the process of learning currency trading.
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