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Archive | Forex Trading

My story with Forex Trading started some years ago but its only recently that I’ve become very strategic about making money from the markets. I’ve found an excellent course and starting to create a community of traders who are supporting each other. Join us.

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.

The first thing is to find a broker, secondly a mentor and a credible teacher to teach you the art and science of trading. Then its up to you. The more diligently you can practice the discipline of trading, and it really is more of a discipline of methodically following a coherent plan, the quicker you’ll become an experienced trader knowing firstly when to enter and exit the market and having the experience of realising that risk/reward is the key to trading.

But I’m getting ahead of myself. First Step is:

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. Its affordable, . If you don’t know what Price Action is, here’s a great article that explains it.

Forex VPS

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.

Contact Me

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.

axitrader

Latest Forex Trading Articles

European Session – Sterling hits 8-month high versus broadly weak greenback

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The US dollar was broadly weaker today giving a lift to its major counterparts, especially against the sterling which hit an 8-month high versus the greenback. Helping support the pound were comments by Bank of England Governor Mark Carney on Tuesday which firmed expectations for the central bank to begin raising rates by early in 2016. […]

European Session – Dollar moves higher on Yellen’s testimony before dropping

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The main highlights of the day were the Greek bailout extension approval and Fed Chair Janet Yellen’s testimony. The euro did not react as much on the EU’s approval of Greece’s reform proposals since an agreement with its creditors was more-or-less expected. The IMF did however voice concerns over the proposals. The review in April […]

European Session – Euro falls below 1.14 after German rejection of Greek loan extension proposal

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Greece’s official request for a loan extension and a less hawkish – than- expected set of FOMC minutes were the core drivers of the currency markets in the last 24 hours. The euro rallied from late Wednesday to reach a high of 1.1449 in late morning European session trading. Helping extend the rally were a […]

European Session – Pound outperforms on strong UK jobs data

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The best performing major currency was the British pound which gained about 0.5% against the dollar on the day so far. Strong UK employment data and earnings numbers helped lift sterling to the highest level since January 2nd, topping at 1.5439. The Bank of England minutes also provided few surprises. Average weekly earnings, including bonuses, […]

European Session – Dollar falls on big US retail sales miss, higher jobless claims

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Economic data releases out of Europe were not the core focus of the market today and were in fact ignored. Eurozone industrial production was flat despite expectations for it to rise 0.3%. German inflation was down 1.1% month-on-month versus a 1.0% drop expected. The euro was nevertheless up on the day, reacting positively to news […]

European Session – Euro slips below 1.1300 as markets await news out of Eurogroup

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Economic data releases were almost nonexistent today leaving the focus still on Greece. As a result, the euro was range-bound above 1.1300 for most of the European session while the dollar was broadly stronger.  Towards the end of the session it dipped to 1.1288. The downside bias remains strong and the currency is merely waiting for a catalyst […]

European Session – Euro buoyed by strong Eurozone sentiment data but Grexit remains a risk

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Concerns over Greece and China stole the focus away from Friday’s US nonfarm payrolls report. The markets soon digested the news of strong jobs data from the world’s largest economy and risk appetite was dampened on Monday by worries over China slowing down and the possibility of a Grexit. Meanwhile, geopolitical issues also grabbed market […]

European Session – Sterling rallies on UK Services PMI, euro rally fades

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Sterling was the best performing major today, as it was boosted by data showing that the UK services sector expanded faster-than-expected in January. The Services Purchasing Managers’ Index (PMI) came in at 57.2, up from December’s 55.8 and topped forecasts for a reading of 56.6. The pound extended yesterday’s gains versus the dollar to peak at […]

US Unemployment Claims Data Release 29 January

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Dukascopy Research Team covers fundamentals and technicals on the economic data release. Discussion of the historical data, potential trading strategies and projection of the possible market reaction. To join our LIVE daily webinars, follow the link below and click “click to join” www.dukascopy.com/tv/Live You can view this video and the full video archive on the […]