If you’re totally new to forex trading and you want to start your career with the best then listen up.
This industry can be very lucrative, but there’s also a whole lot of scams, overpriced education, dodgy brokers, promises of automatic profits and trading robots and blogs and forums galore.
In this blog, I hope to document my adventures in trading the various currency pairs as well as provide a sounding board and lay a trail for other potential traders to follow.
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Forex Trading in South Africa
If you’re from South Africa click here to read my story.
Finding the right Forex Broker to Open an account with
After a great deal of searching, I’ve decided to go with AxiTrader and its mainly got to do with the mentor I’ve chosen. You can also check out this price action forex trading course which I think is fantastic and affordable. If you don’t know what Price Action is, here’s a great article that explains it.
If you have a PRO Axitrader account, they give you a Free forex VPS on a server but if you already have your own broker then check out Forex VPS, they have some good plans.
For more information about any of these opportunities please contact me and I’ll help you get involved the right way. My mobile number is (082) 561-4455.
In the meantime, here’s some of the latest blog posts where I write about Forex Trading
2017 has already been an interesting year. This is always good for volatility which traders long for. https://www.youtube.com/watch?v=WR36i4W_9_0 Last Look liquidity and firm liquidity is a case of choice by the clients, but in order to make that choice,...
In the euro’s latest breakout to fresh 2017 highs, if the market continues above 1.09 its next measured move targets 1.1230 or 1.14. The market is well supported at 1.0570. The pound/dollar has seen a breakout above 1.2775, December’s peak following the low of 1.1840 last October. This sees a potential move upwards to 1.35. Dollar/yen has been trading in a downtrend within the last few days. But if price is contained below 112.20 sees potential downside.
Click here to find out all the other market analysis.
US President Trump to unveil an outline of his tax plan. Trump pledged massive tax cuts for corporations & individuals, and a one-time repatriation of corporate cash held abroad at a reduced rate.
If we get something along those lines today, it could prove positive for USD & US equities. However, our view is that there is more scope for disappointment.
The EURUSD continues to extend its run to fresh 2017 highs after breaking its previous peak of 1.09. This sets the stage to the 1.12-1.14 level. It would take a break below 1.05 to negate this. Click here to read more chart analysis from LMAX EXCHANGE
An explosive start to the week as Sunday’s first round election vote in France overshadows the market. GBP resilient despite weak spending numbers, but the CAD suffers another blow as inflation softens – CAD takes out 1.3500 again. Looking into Sunday’s key - first...
The euro retains its bid tone as it continues to maintain its strength after finding support at 1.0570.
Cable sees a major breakout this week at 1.2775 which could signal a major change in the price structure. Pull backs will probably be supported in the 1.24-1.25 area.
Click here to see more analysis here.