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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 – Yen rallies on safe haven status on risk selloff continuation

1000_yen_Natsume_Soseki

The yen was the main beneficiary as risk assets continued to decline, while the dollar managed to gain versus the euro and the aussie but fell against others.  High-yielding currencies were also sold on worries that carry trades would entail too much risk. The euro dropped back below 1.28 around 1.2750 as European stocks fell […]

European Session – US retail sales hurt dollar, US Treasury yields tumble

nyse-feb-28-2012

Stronger than expected UK employment data helped prop up the pound today. The ILO unemployment rate fell to fell to a six-year low of 6.0% in August from 6.2%. The number of Briton’s claiming Jobseeker’s Allowance in August fell by 18,600 but was less than the 35,000 decline forecast. The average three-month wage growth excluding […]

Forex News – FX majors quarterly review: US dollar shines during Q3

q3performance

The third quarter had a single major theme for foreign exchange markets: US dollar strength.  Following many months during which analysts were calling for outperformance of the US dollar – and getting it wrong – the dollar finally obliged and rallied strongly.  After reaching a low in early May – which coincidentally marked the high […]

European Session – Dollar eases after nonfarm payroll surge, euro pauses decline

nyse-feb-28-2012

Currency markets were mostly digesting last week’s slew of important data today and hence there was limited volume. The forecast-beating US jobs report and string of PMI data from across the world led to a lot of flows in currencies and particularly led to broad dollar strength. The greenback has been consolidating today after the […]

Forex News – ECB’s Draghi keeps rates but promises to add liquidity through ABS, TLTROs

ECBbalancesheet

The ECB meeting more or less met expectations today by keeping the key refinancing interest rate unchanged at 0.05% and by setting out the plan for asset purchases.  According to Draghi’s introductory statement to the press conference, covered bond purchases would start during the second half of October, while purchases of Asset Backed Securities will […]

Forex News – ECB’s Draghi keeps rates but promises to add liquidity through ABS, TLTROs

ECBbalancesheet

The ECB meeting more or less met expectations today by keeping the key refinancing interest rate unchanged at 0.05% and by setting out the plan for asset purchases.  According to Draghi’s introductory statement to the press conference, covered bond purchases would start during the second half of October, while purchases of Asset Backed Securities will […]

European Session – Euro steady after EZ sentiment data, inflation data in focus

europe_2592471b

The euro was slightly stronger today despite Eurozone sentiment data not being very encouraging. German CPI data was slightly better in August but it will be Tuesday’s Eurozone inflation data that markets will focus on because this data is particularly important to the European Central Bank, which holds its policy meeting later this week.  The […]