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Trading in a place called ForexLand

Trading in a place called ForexLand

The Rabbit hole of thinking and raising Trading awareness with Market savvy can be explained away in a wide range of intricate FX scenarios. Luckily though and just a short hop away are some interesting Forex facts along with a short punchy story to share. Which should not go beyond the scope of reasonable thinking for some FX folk. After all, other folk can and will make life and Foreign Exchange trading as technical and or as complicated as they like.

If you consider…

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EURUSD Overview and Observation of Forex Price Action in the current Market.

How to identify Live Forex Chart Patterns and Market Direction - Tip: Patterns Tend to be true.

Price Action Data Translation of the Line. The life cycle of this Currency Pair set out in stages as above so below:

M15 The following information is highlighted in the Chart above and in sequence:…

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The 6 Most Traded Forex Currencies in the World

Trillions of dollars can be traded on any given day between millions of investors and interested parties which makes the forex market the most liquid market by far and thus securing it to be the largest market place in the World. So, for the beginner and those researching the forex markets for the first time, then it is imperative to gain a firm grasp and familiarize themselves with the more commonly traded currencies and Forex pairs, along with their nicknames as well as the more popular known uses, not just within Forex but also their wider use on the worldwide financial stage. Every currency can be affected by its own specific characteristics and these features will affect its underlying…

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Day Trading Forex and the Top 10 Forex Beginners Trading Tips.

The standard use of the term "Day Trading" refers to short term market positions where the trader opens and closes a position within the same day. Rather unfortunately, this term along with the original concept received bad press in the 1990's when it earned the reputation of liquidating many beginners Trading accounts. However, the fact remains that no one whether beginner or seasoned trader, should simply jump into the markets without thoroughly testing their…

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At the Start of this Millennium, Currency Trading  / FX / Forex was been sold to potential newbie traders as one of the best ways to make your millions from just a small capital base and a few hours of work a week. We had all heard about all the money Hedge Fund and Bank Traders had been making during the 80's and 90's and now with the availability of the world wide web and access to the markets - it was time to get involved.

All you had to do was spend a few weeks or months learning how to trade - and of course it looks easy - just follow the news and work out whats happening on the charts and then buy and sell different currency pairs and then bank your profits - etc etc

If you were all ready employed and so only had a few hours a week to trade that would not matter as you could become…

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FX Retail Traders - 2016

 % Breakdown  of those who make it and those who don’t

Estimated % of Winners –

Minimum consistent winners who manage to make profits both monthly and yearly  -

3 -5% -  (Independent estimates)

Maximum number of consistent retail winners who make profits monthly ongoing -

22 – 28% -  (Broker / trade estimates )

My own personal view based on other independent statistics and spreadbetting stats –

11 – 15% of all retail FX Traders may be profitable on a consistent basis

Why do so many traders – ie estimates from  72 to 97% of retail traders never make trading profits on a consistent basis ongoing over months – quarters and yearly ?

Out of…

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We mentioned in part one about the Forex Market really being a "zero - sum" game - that's after the "trade" - ie Brokers / commercial agents etc have had their "spreads and commissions" off traders participating in the market place.

We also mention the "them and us" - IE commercial institutions / Banks / Governments / Hedge Funds etc - being them and us - being the "poor little relative" - ie the Retail Trader - working for ourselves and trying to make a profitable return from our Capital and our commitment from the amount of effort and time and study we do to try and be consistently profitable.

Now immediately can you all see the "conflict" here - Banks and Hedge Funds need to make large amounts of money simple down to the amount of capital and resources they invest in the currency…

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Currency Trading is just really the largest "money game" on the Planet - played by loads of all different people and organisations around the World.

We have really 2 main sections - you could say "them and us" - with us being part of the retail section or community - ie individuals - not working for Banks or Hedge Funds, commercial organisations etc - but instead just for ourselves. "We" only account for approximately 5 to 8% of the total FX market  - whereas just 5 very large banks account for anything between 55 and 70%. 

That leaves something like 22 to 30+% of the market being made up of loads of commercial businesses and even governments etc - not just Hedge Funds or small Banks - but even car manufacturers and massive international global businesses who are trading in anything up to 200+…

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Forex Artificial Market

Hello guys,

It is a great feeling to be back here with the best traders. It was a busy semester for me, no time for trading, so glad I can spend more time around this great place with all of you now.

I would like to show you some (for me interesting) findings, I have made with an artificial market which I have worked on as a semestral project. The main goal was to find out under what circumstances can a market crash appear, but this is not what I will talk about in this blog post.

I think it is not…

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There could be valid grounds to suggested that all Trading or investing is based upon The Greater Fool Theory (T.G.F.T.) which could perhaps, have been scribed on a Stone or Clay Tablet in a far off distant Galaxy or here in the past and just maybe found, hidden but written in the Forexmos S.T.A.R.'s or even written inside an Ancient Scroll somewhere. Things in life, do have the habit of re-orbiting, in Time, so with this in mind I would also suggest this post, maybe for some, is once again being read from a Tablet but not the so ancient ones, no, more over, the branded and…

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Uses IVks | Forex Food for Thought

So when looking through my pages at all of this forex trading jibber jabber, to me it's a works in progress for preparing and writing a useful traders blog which could be used as a trading tip. I'll try to get my thoughts down here and explain my trading journey with some forex pathway tips and a story of how I got here with the Forexmospherians. I know everyone who has posted so far, you are my friends from around the world going back more than 10 years and so I do hope you will understand my feelings towards you. I send a sincere and a big thank you for your continued support and insights into the forex markets forexmospherians. To explain some more, I've been at this market for a few years now and to tell you the truth, its been a hard road to tow.

I won't say this is rags to riches…

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Helpful Hints

Share a Trading Tip, Trick, Knowledge or Technique with the Community. Try to avoid just simply posting a link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes things are simply entertaining but still useful and so explain in detail with diagrams, photos or charts. Descriptions with as many details are always interesting to read and so say what could be useful to know here. Community members are welcome to comment, ask questions or add to a post.

"Keep a Record of the Business or Currency Pair Traded. Reasons why the Trade was taken. When was the Exit. How and why the Trade turned out the way it did"

"It's my pleasure to be part of this forum, which is always different than other places & with a friendly environment. Glad to be in this team"

"Yes, the truth requires neither our belief nor understanding. However to harness truth and apply it for our benefit we must at a minimum allow that it is possible".

"We all know we will never be 100% Accurate with 100% win rate over 100's or 1000's of trades - but as long as your winning pips and money - add up to a lot more than your losing pips and money - then "Bingo" you are successful winning FX trader"

"I figured this was a legitimate break, so I went on the hunt for evidence, so here in succession is the list of clues I used to make my decision:

Rejection of market and weekly pivot at ema confluence.

Complete and broken head and shoulders on 1hr time frame.

Broadening formation on daily with test and rejection of 200 day ma

Bull hinge on daily and Renko stochastic.

Positive momentum on 5min, 1hr, 4hr and daily chart"

"Remember that all models are wrong; the practical question is how wrong do they have to be to not be useful" - George E. P. Box

"Sometimes You Win,

Sometimes you Learn".

"Forex Market analysis relies on two types of analysis much like Stock Markets:

Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.

Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more."

"Short rapid bursts and quick glimpses of an entry, trigger activated, trail in place and exit strategy and plan already set. Within a blink of an eye, instinctively the buy/sell button is pushed. The hammer falls and clanks decisively, echoing, sparking, like steel upon steel and the trade is executed. A Traders heart beats on with perfect set up, closely aligned with strict parameters, ready to continue the attack or recoil on a wire. Wrap the profit and then stand down, ready for the next hunt"

"When we are talking about sentiment it is very hard to say that this sentiment will prevail another 6, 9, 13 hours. Sentiment is not a constant line. Main trend is bearish, tech picture on daily is bearish, even intraday neutral. Nobody restrict to play long eur short usd position with the target at 1.12 or even 1.1361, this is every traders individual choice as always"

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pixta posted a blog post
Sep 17
Brian Fom is now a member of Forexmospherians - Forex Traders Social Network
Sep 15
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