The currency markets were relatively quiet today as focus was shifting towards upcoming event risk later this week. Investors are reluctant to take on new positions ahead of the FOMC announcement on Wednesday and Scotland’s referendum for independence on Thursday. Most major currency pairs traded within recent ranges, with little movement despite some data releases […]
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
The economic calendar was light today but there will be major risk events later this week to look forward to. On Wednesday, the Fed will release its monetary policy decision followed by a press conference by Fed Chair Janet Yellen. Important inflation data from the UK, Eurozone and the US are due this week. The […]
Sterling was one of the biggest movers in the major currencies today, moving further off 10-month lows against the dollar to a high of 1.6263. The main catalyst for the latest move higher was the shift in poll data after the result of another poll showing “NO” took the lead in the Scottish referendum by […]
There were no important data releases out of Europe today, giving a chance for both the euro and the pound to stabilize. Meanwhile the dollar extended higher against the yen to reach a fresh 6-year high, helped by higher US Treasury yields. Market expectations on an early rate hike by the US Federal Reserve helped […]
It was an eerily calm European session on Tuesday, as the US dollar digested some of its recent gains and the pound managed to pause its slide. The US dollar had been strong overnight after a research paper from the San Francisco Federal Reserve indicated that the market and the public could be underestimating the […]
Sterling extended losses to reach a fresh 10-month low of 1.6102 as markets were spooked by the likelihood of Scottish independence. The catalyst for the pound’s weakness came after a poll on Sunday showed that the “Yes” campaign for an independent Scotland gained more ground recently. The uncertainty that could come if the referendum shows […]
A surprise 10 basis points rate cut by the ECB, driving the key refinancing rate down to just 0.05% as well as a decision to begin the purchase of asset-backed securities made up of loans to the private, non-financial sector, drove the euro substantially lower during today’s European session. This was a surprise to the […]
The euro managed to claw back some of its losses against the US dollar during European trading, as an announcement by the Ukrainian government it had reached a truce agreement, helped the single currency. The euro rose to 1.3150 as market participants were also wary not to get carried away since more than once in […]
News that a new poll showing the Scottish pro-independence camp closing the gap with the “no” camp came as a small shock to financial markets. The pound dropped to as low as 1.6513 against the US dollar from above 1.66 the previous day, while euro / pound climbed to 0.7939. On a more positive note […]
The euro was trading near Friday’s levels against the dollar after touching fresh one-year lows at 1.3118, the lowest since September 6 of last year. Pressuring the single currency was weak Eurozone manufacturing activity data. The final August manufacturing Purchasing Managers’ Index (PMI) came in at 50.7, the lowest in over a year and below […]
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 […]
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 […]