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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 – UK retail sales boost sterling, dollar higher on US jobs data

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The dollar extended its rally against the yen today after upbeat US initial jobless claims data that indicate the labour market continues to strengthen. This pleased the markets because any jobs-related data is closely watched by the Federal Reserve as the timing of the first rate hike is data-dependent. On Wednesday, Fed Chair Janet Yellen […]

Forex News – Eurozone PMIs beat expectations on periphery strength; euro gains

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The flash Markit Purchasing Manager Indices (PMIs) for the Eurozone were released today and they were stronger-than-expected, at least on an aggregate level.  The Eurozone composite flash PMI came in at 51.7 compared to expectations of 51.5 and a 51.1 prior number.  Manufacturing PMI was at 50.8 compared to 50.1 the previous month and Services […]

Forex News – Quarterly Tankan survey shows challenges ahead for Japan

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Today was an important day for Japanese markets as not only was the quarterly Bank of Japan Tankan survey of business sentiment announced, but the market got a chance to react to the results of the previous day’s Japanese elections. The Tankan survey slightly missed expectations on the Big Manufacturers Diffusion index, as it came […]

European Session – Dollar rises on stronger US retail sales, euro falls as LTRO disappoints

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The European Central Bank’s cheap 4-year loans to Eurozone banks – called TLTRO – had a slightly lower than expected allotment of 130 billion euros, increasing speculation that the Bank would embark on a broader asset purchase program. The ECB allotted banks 129.8 billion euros of LTROs as part of a package of stimulus measures […]

Forex News – SNB keeps rates unchanged, vows to defend franc floor

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The Swiss National Bank kept its key interest rate target unchanged at its meeting today, which disappointed some in the market who expected something new from the SNB like negative interest rates.  However, negative rates were mentioned as a possible monetary policy tool during the press conference that followed the announcement. The SNB kept its […]

Forex News – Japan’s 3rd quarter GDP even worse than first thought – yen near lows

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The revision to Japan’s preliminary third quarter GDP growth figures was even worse than the dismal initial figures.  Analysts failed to predict the negative revisions, as they were misled by a business investment survey that showed an improvement.  Instead, because of methodological and sample issues, investment data was actually revised downwards. The annualized growth rate […]

European Session – Euro rises as ECB’s Draghi refrains from announcing QE

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The European Central Bank policy meeting was the highlight of the day. As widely expected the Bank  kept its main refinancing rate at 0.05%, while leaving the bank overnight deposit rate at minus 0.2%. What markets were more interested in watching was ECB President Mario Draghi’s press conference following the policy meeting. The market was […]

Forex News – Aussie crashes to fresh 4-year low after big miss in GDP numbers

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News that the Australian economy only grew by a 0.3% rate quarter-on-quarter during Q3 was a significant negative surprise.  Economists were expecting the economy to grow by 0.7%.  The yearly growth rate was at 2.7% versus 3.1% that was expected.  Although these growth rates would probably excite other developed countries, the change in national income, […]