Latest on Forex Markets

7 LESSONS FROM THE BOOK ‘TRADING IN THE ZONE’ by MARK DOUGLAS

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Ever wondered why so many successful & learned people don't excel in trading as they do in their areas of expertise? This is mostly because they can't influence the market to get results, as they can manipulate the social circles & employ their networks to achieve results.
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Forex Articles

7 LESSONS FROM THE BOOK ‘TRADING IN THE ZONE’ by MARK DOUGLAS

, , , ,
Ever wondered why so many successful & learned people don't excel in trading as they do in their areas of expertise? This is mostly because they can't influence the market to get results, as they can manipulate the social circles & employ their networks to achieve results.

FOREX TRADING VS PARETO PRINCIPLE

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Quick question. When was the last time you came across something so profound, a golden nugget of wisdom, so real that you couldn’t keep your calm? Fighting the surging urge to pick your phone and ring your best friend about it.

Why You Must Never Share Your Open Trades Publicly

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The main reasoning behind this rule is that once a trader makes their trades known to their peers or to the public, or any other party for that matter, (even worse to their spouses) is that it invites the emotional burden of ego and pride, driven by the desire ‘to be right’.

Part-Time Trading; End of Day Trade Affirmations

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The common analogy that most people with a day job, or busy daily schedules hold is one of a lack of time to trade, and to sit in front of a computer watching markets all day. Most people think that they have to watch the markets from their computers all day to be traders, which is simply not true. You don’t have to sit in front of a computer all day to trade and make returns.

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?

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…