Latest on Forex Markets

How to become a profitable trader?

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If you’re to approach Forex trading as a business, you’ve got to learn the rules of the game and detach trading from your emotions. We simply approach every trade with a mindset of Risk Vs. Reward. The discipline to only place trades with low risk and high rewards is not a matter of contention. You can only learn these disciplines through practicing and proper mentorship from experienced traders. So you want to be a profitable trader?

Forex Market Analysis

WEEKLY ANALYSIS TRADE SETUPS: NZDCHF & USDCAD - (17 - 21 Feb, 2020)📈📊💰

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New Zealand dollar versus the Swiss Franc on the weekly time frame shows a down trending market within a descending wedge.The pattern suggests that the main trend is bearish. Bears have been moving the market lower for the last 3 years.

WEEKLY ANALYSIS TRADE SETUPS: GBPUSD & USDJPY - (10 -14 Feb, 2020)📈📊💰

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On the daily chart of the British Pound versus the US dollar(GBPUSD) we got to see a symmetrical triangle a fortnight ago. The chart pattern had not broken out then but has since broken out below. 

WEEKLY ANALYSIS TRADE SETUPS: AUDJPY & GBPNZD - (03 -07 Feb, 2020)📈📊💰

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During the second week of January we looked at The Australian Dollar vs the Japanese Yen (AUDJPY) where there was an ascending wedge present.At the time price had just broken out of the wedge and our bias was a high probability bears may take the price lower.

WEEKLY ANALYSIS TRADE SETUPS: EURJPY & GBPUSD - (27 - 31 Jan, 2020)📈📊💰

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On the daily timeframe of the Euro versus the Japanese Yen(EURJPY), we have a double top formation. Price was on an uptrend from August last year and both tops of the double top are shy the near term level by a few pips. The near term resistance level has resisted price which caused the formation of the double top.

Forex Articles

How to become a profitable trader?

, , ,
If you’re to approach Forex trading as a business, you’ve got to learn the rules of the game and detach trading from your emotions. We simply approach every trade with a mindset of Risk Vs. Reward. The discipline to only place trades with low risk and high rewards is not a matter of contention. You can only learn these disciplines through practicing and proper mentorship from experienced traders. So you want to be a profitable trader?

How to Handle Losses in Trading; With a Touch of Life & Losses

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It's been a while since I put my pen to paper. It’s 2.17 am, I sit at my desk at home, my eyes fixated on my pen. We have this bond, one that is bound by honor and service. And tonight, it's my turn to pay for the bargain.

3 Reasons Why You Must Learn an Online Skill & Start an Online Business

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It has never been easier to start an online business than today, where everyone has access to the internet, not to mention an influx of online information that is cheaply and readily available. Let me rephrase that whole part. The Future of Education is already here; it’s called ‘The Internet.’ Whatever you want to learn is right there. From blogs, to podcasts, online courses, you name it! The only barrier is discipline. With a conscious search, you can easily access credible information and online courses that are tailored to suit your need(s).

THE BLUEPRINT OF A TRADING PLAN

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A trading plan is the ‘business plan’ for us, traders. The most cognizant definition of a trading plan is ‘a well written guide that is prepared when the market is closed to inform your actions when the market is open.’ That kicks the beginning of the real talk! Any trader without a properly documented trading plan that guides all their trading actions when the market is open is doomed to fail. It is the surest tool that keeps us disciplined while trading the forex markets.
online forex trading training

IS FOREX TRADING A LEGITIMATE BUSINESS?

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Is forex trading legitimate? We are talking about the most liquid financial market in the world where more than 5.3 trillion dollars is exchanged every day. In economics, we call it an ‘over the counter’ business. This means than no one institution, no one retail company/Individual, no one country can control the forex markets. It is this high liquidity and stability that causes volatility, i.e. prices of different currencies and commodities moving up and down frequently and continuously.

Mastering Your Trading Psychology

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Even though you may have the expertise in Forex Trading, that is not the only factor that determines your long term success as a Forex trader. You may have all the knowledge and the know-how on Forex trading strategies, efficient and faster platforms and risk management but without knowing how to manage your emotions, you cannot become successful in trading Forex. Remember that precious money is involved while trading and it can be easily lost. In this blog, we will discuss about the kind of emotions that a Forex Trader should avoid to achieve success.

What is forex?

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Forex Trading is basically the act of buying and selling currencies. In a typical foreign exchange transaction, an entity purchases one currency by paying with another currency.
FourthStreet Consultants trading-vs-hunting

TRADING Versus HUNTING

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Today’s article, Trading-vs-Hunting is inspired by a book. ‘The One thing’ is one of the greatest books I have read and would strongly advice you get. In his book, Gary Keller undertakes to cover in detail the greatest people and the biggest…
Forex Trading as a business

FOREX TRADING AS A BUSINESS

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What comes to your mind when you hear or think about forex trading? What makes you wake up every day to open the markets and initiate positions? Is it the excitement that comes with the ever volatile currency markets where 5.3 trillion dollars…
FourthStreet Consultants - High Probability Trading

HIGH PROBABILITY TRADING

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‘When it rains gold, put out the bucket, not the thimble’ is one of the many quotes by Warren Buffet that I love. More Importantly, I have highlighted it at the beginning of this article as it is relevant to our topic. We shall indulge more…