http://www.axitrader.com.au/forex-trading-broker.aspx?promocode=12-428600 In this video I look at 4 of the charts that I’m paying attention to, some with live trades. Join me in trading the forex markets and let’s trade together. Related articles across the web My first USDZAR Trade with AxiTrader Forex Trading with AxiTrader New Currency Pairs From AxiTrader Australian AxiTrader Launches […]
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.
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.
Latest Forex Trading Articles
http://www.axitrader.com.au/forex-trading-broker.aspx?promocode=12-428600 In this video I show my first trade in the USDZAR pair. This being the main pair of my birth country South Africa, I thought it a nice idea to show how I trade this chart using the forex trading course that I’m following.If you’d like to join me trading forex, please get in […]
The euro was weak as data from the Eurozone was disappointing, with falling consumer and economic confidence and German inflation numbers being soft. Eurozone sentiment surveys were overall weak and German CPI was flat in August, in line with expectations after a 0.3% rise the previous month. Economic morale in August was the worst since […]
The US dollar trimmed recent gains today in a relatively quiet day that lacked key economic data releases. The only data out of Europe was on German import prices which dropped more than expected by 0.4% month-over-month instead of 0.1% drop forecasted. Also the German GfK Consumer Climate index disappointed by showing confidence the Eurozone’s […]
The dollar is strong and hovers at its highest level against the euro in almost a year as the divergence between Europe and the United States grows. As the US economy shows continuing signs of growth, economic prospects for Europe are dimmer, leading to speculation of looser monetary policy from the European Central Bank. Poor […]
The euro hovered at near 1-year lows against the dollar after coming under pressure by European Central Bank Chief’s dovish comments on Friday at the Jackson Hole Symposium. Mario Draghi signaled that inflation in the Eurozone had dropped to levels that would open the door to more policy action by the ECB, which would include […]
http://www.axitrader.com/forex-trading-broker/?promocode=12-428600 In this video I show the workings on my MT4 platform and the state of my latest trades. Its my first month with a proper trading account and I’m still getting used to it and the trading strategy. My next step is to become more methodical and document all my trades from now on. […]
The euro hovered close to an 11-month low of 1.3241 against the dollar. Further losses were paused after the release of better-than-expected German PMI, which lent some support to the euro. The composite German PMI was strong at 54.9 with strength in the service sector and a stronger-than-expected manufacturing PMI at 52 was very encouraging. […]
The Bank of England released its policy meeting minutes from the August 6-7 meeting today, surprising markets by showing a more hawkish inclination than usual. Two of the central bank’s 9-member Monetary Policy Committee (MPC) were in favour of hiking interest rates in August. This was the first time in three years that not all […]
The US dollar jumped higher after data released today showed positive signs for the US housing market . A report showed housing starts reached the highest level in eight months, signaling that the housing market has rebounded and should provide some support for economic growth in the US. Home construction starts rose 15.7% to a […]
The euro was resilient despite a run of disappointing Eurozone data today which showed the region’s economy stalled in the second quarter of the year. A surprise contraction in Germany and weakness in the French economy dragged overall gross domestic product figures. The Eurozone was expected to grow by at least 0.1%, a slightly slower […]
The dollar tumbled against the yen and other major counterparts and US Treasuries reversed earlier gains following a soft US retail sales report on Wednesday. According to a report from the US Commerce Department, retail sales missed forecasts in July and fell short of the 0.2% projections to remain flat from June’s 0.2% increase. The […]
The euro was one of the worst performing major currencies today as it plumbed close to a one year low, losing 0.2% to reach 1.3332. The catalyst to the euro’s decline was a weak German ZEW investor confidence survey for the month of August. The index dropped to a 1 ½ year low 8.6, worse […]
The risk environment was improved today, with the easing in concerns over Ukraine overshadowing tensions in Iraq. The yen remained weak against the dollar as an uptick in risk appetite today reduced demand for the safe haven currency. The key risk for the Japanese currency will be this week’s Japanese GDP numbers, expected to drop […]
Major central bank meetings were the focus of the markets today. Both the European Central Bank and the Bank of England left their benchmark interest rates unchanged at respective record lows, as widely anticipated. The ECB left its refinancing rate at 0.15% and its deposit rate at negative 0.10%. The euro was little moved after […]
The US dollar was broadly stronger against risk currencies due to damp risk sentiment today as geopolitical tensions are back to the fore regarding Russia and the Ukraine crisis. Meanwhile Tuesday’s strong US ISM non-manufacturing data also helped lend support to the greenback. The euro fell to a new 8-month low of 1.3332 in early […]