Posts Tagged ‘Emotions’

Forex Brokers – a Better Alternative Than Demo Accounts for Serious Traders

A demo account is great for learning the basics of currency trading but doesn’t help traders trade better – Why? Because money isn’t on the line and emotion is absent.

Now if you want to try with real money and simulate real conditions there is a great alternative – a protected account.

You take fixed risk with a test amount of money and they cover your losses at the end of a set period and you get the profits and during the set period you can trade your leverage of your initial capital regardless of if your in debit or not!

This is a great way to sharpen your Trading skills, with real money on the line… Continue Reading

The Best Forex Trading Robot Any Human Has Ever Seen!

The Best Forex Trading Robot Any Human Has Ever Seen!

“7 Critical Elements You Must Install In Your Human Forex Trading Robot”

Do you know what the Best Forex Trading Robot is? Are you ready? The best human- forex-trading-robot is …YOU!

The biggest single obstacle all traders’ new and experienced face is themselves.  Every time I hear a trader say that a system doesn’t work or that breakout trades don’t work. Or all Forex double tops only work in the wintertime. What I really hear them saying is, I’m frustrated, I have now plan, no discipline, no confidence in myself as a trader. And what inevitably happens is they move on to another system and start the process all… Continue Reading

Forex Technical Analysis ? Using Forex Charts for Bigger Profits Part 1

Here we are going to give an introduction to using forex technical analysis and using forex charts for bigger profits. Forex technical analysis if done correctly is the best and most time efficient way of seeking profits and should be considered as part of any forex trading strategy.

The first point to keep in mind is:

Forex technical analysis is a game of odds not of certainties, so forget about predicting with scientific accuracy, no one can achieve that – but if you understand the following equation, you can make big forex profits:

Fundamentals + Investor Psychology = Price

It is a fact that the fundamentals have an influence on price – all investors have the facts… Continue Reading

What Is The Best Forex Trading Strategy?

While there are a number of different profitable trading strategies that one can use to trade the forex market there are certain characteristics that the best forex trading strategy should contain. Quite simply put, the strategy you use to trade the forex market, or any market, is not nearly important as how well you manage your emotions and maintain discipline enough to stick your trading plan. That being said, there are advantages to certain trading strategies. Generally speaking, the less complicated your trading strategy is the more conducive to developing and maintaining the proper trading mindset it will be. Using a strategy that makes use of simple price patterns will always be the best forex trading… Continue Reading

Best Forex Trading Educational Website

Finding the best forex trading educational website can be a difficult proposition for the beginning or newbie forex trader. There are literally thousands of websites dedicated to forex educational courses and trading systems. When looking for the best forex trading educational website you will need to keep in mind that not all trading websites are created equally, in fact many of them are down right scams. It is very easy to fall into the trap of believing that the most complicated or expensive trading educational course is the best. This thinking is simply not true; when it comes to forex education and finding the best forex trading educational website, finding one that offers a simple to… Continue Reading

Forex Fundamental Analysis – Prices Do not Move in Line With the Facts!

How many traders trade breaking news stories and believe the above? Loads and they are all going to lose. If you are using forex fundamental analysis you can but you must be aware of one key fact and factor it in to your forex trading strategy and its this…

Forex Fundamentals don’t move to the facts – they move to how investors perceive the fasts and this means trying to trade breaking news is doomed to failure.

This is obvious if you look at the past fact:

Markets rally when there most bearish and crash when there most bullish. We all have the same facts to look at but you me and millions of other traders draw our own conclusions from these facts.… Continue Reading

Forex News – Why Most Traders Use it in the Wrong Way and Lose!

It’s correct that today is currency exchange reports sources are much better than ever and its delivered faster yet the proportion of losers to winners in foreign exchange trading is the same as it probably did fifty years back 95% lose and only five percent lose. The news can be handy but you have to know the way to use it.

First let’s take a look at an easy equation : Currency exchange Fundamentals ( demand and supply news ) + Financier Psychology = Price The facts are there for each one of us to see but assessing the impact of the news is hard because humans ( millions of them ) all inspired differently see the facts but all of them draw their own private conclusions… Continue Reading

Forex Analysis – The Best Forex Analysis Method For Bigger Forex Profits

Which it the Forex analysis to generate big profits? Here we will look at a powerful way to conduct your Forex analysis and get on the right side of all the big Forex trends that make the big profits.

In terms of Forex trading analysis, traders either tend to pick fundamental analysis or technical analysis, let’s look at the advantages and disadvantages of these two methods of analysis.

Fundamental Analysis

Studies the supply and demand facts and prices do move to the big long term fundamentals but their extremely hard to judge, as prices don’t move based on the facts but on how investors perceive them and their judgement, is not logical but coloured by their emotions.

The above is clearly shown by… Continue Reading

Forex Trading – Which is Best Fundamental or Technical Analysis?

If you are a forex trader, you can either trade via fundamental analysis or technical analysis but which is best? Lets compare the pros and cons of each.

Fundamental Analysis

Currencies are suffering from the fundamentals and these include:

The political situation, strength with the economy, government policy, the rate of interest outlook to name just a few.

These are FACTS and the a variety of participants look at them and decide which way prices should go.

The main pros is:

The direction from the currency is normally consistent with the long term fundamentals and this is reflected in currency trends long-term for months or years consistent with economic and political cycles.

The main disadvantage is:

People who consider the… Continue Reading

How to Create a Powerful Forex Trading Strategy

There are so many possibilities for a long and lucrative Forex trading career it would seem a wasted opportunity if your Forex trading system let you down! The following tips will help you to maintain a profitable Forex trading account.

Ok, so what do you do first then?

Well, define your own Forex trading system. You can do this by keeping a note book and recording every position you open. This will become your primary education tool and is really important step to take.
The Forex is a vast, global, lucrative market and it would be a shame not to capitalise on its potential to give you a long and lucrative income just because you didn’t set up the basics first!

So every trade you enter… Continue Reading