Latest on Forex Markets

THE BLUEPRINT OF A TRADING PLAN

, , , ,
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.

Forex Market Analysis

WEEKLY ANALYSIS TRADE SETUPS: CADJPY & GBPNZD - (16 - 20 Sep, 2019)📈📊💰

, , , ,
On the CADJPY pair the focus this week is a consolidation in form of a weekly descending channel. The tag of war between bulls and bears within the channel is evident as prices have been within the support and resistance boundaries. However the main players are the bears who’ve taken price lower and lower for the past 2 years.. The past week closed off with a pin bar.

WEEKLY ANALYSIS TRADE SETUPS: EURAUD & CADCHF - (09 - 13 Sep, 2019)📈📊💰

, , , ,
A close look at the pair on the daily timeframe reveals a clear ascending price channel that has continued to hold grounds. More significantly, the price channel falls within a long-term uptrend, making it a strong pattern to trade off.

WEEKLY ANALYSIS TRADE SETUPS: GBPUSD & USDCHF - (02 - 06 Sep, 2019)📈📊💰

, , , ,
Looking at the British Pound vs The US Dollar which we looked at a fortnight ago.At the time, price had just closed above the mother candle,indicated by the breakout candle.Our bias was bullish , ensuing the breakout.

WEEKLY ANALYSIS TRADE SETUPS: GBPAUD & NZDJPY - (26 - 30 Aug, 2019)📈📊💰

, , , ,
Early this month we looked at The Great Britain Pound vs The Australian Dollar. We are doing a follow up on the previous analysis where an ascending channel had formed. A bullish engulfing candlestick pattern formed at the bottom of the channel. After the said formation, we had bullish bias and we were patient for price action to confirm this bias.

Forex Articles

THE BLUEPRINT OF A TRADING PLAN

, , , ,
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?

, , , ,
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

, ,
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?

, ,
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

, , , ,
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

, , ,
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

, , , ,
‘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…