The Japanese yen was somewhat stronger during today’s Asian session, as it took advantage of the dollar’s inability to rally as a result of a substantial upward revision to US GDP growth the previous day. US growth estimates were raised to 3.9% from an expected 3.3% as there were positive revisions in a number of […]
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
AUDUSD has been falling steadily since the early September high of 0.9400 to reach a 4-year low of 0.8512 on November 25. On the daily chart, the bias remains to the downside as the market is below the Ichimoku cloud and RSI is in bearish territory below 50. The stochastic is approaching extreme oversold conditions, […]
The main theme was dollar strength in today’s European session. The euro rose early in the session after Germany’s third GDP showed 0.1% growth in the quarter after a 0.2% contraction in the second quarter. The market focus now turns to Thursday’s appearance by European Central Bank President Mario Draghi followed by Friday’s flash Eurozone […]
Gold prices are consolidating around the critical 1200 level. Strong resistance is at the 61.8% retracement level of the downleg from 1255.07 to 1131.65 at 1207.71. To the downside there is immediate support at 1193.26, which is the 50% retracement level. On the daily chart the overall trend is down as prices have been falling […]
The euro was again under some pressure during today’s Asian session, despite receiving a boost the previous day from a stronger-than-expected German IFO business confidence survey and some hawkish words out of Bundesbank Chief Jens Weidmann. The euro held above the 1.24 line at 1.2426, having traded as low as 1.2358 the previous day. It […]
The euro paused its recent decline with the help of some upbeat German Ifo data today which showed business confidence in the Eurozone’s largest economy surprisingly increased in November for the first time in 7 months. The Ifo Business Climate Index beat expectations and rose to 104.7 from October’s 103.2. This was the first increase […]
The euro erased some losses from Friday’s sharp decline and managed to move back above the key 1.2400 level in early European session trading on Monday. The rebound followed data from the German Ifo Institute that indicated German business confidence rose for the first time in seven months in November. The Ifo Business Climate Index […]
The euro reacted negatively to lower-than-expected PMIs out of the Eurozone. The flash Eurozone composite PMI published by Markit fell to 51.4 in November from 52.1 in October. This is the lowest since July 2013. The disappointing PMI data will likely be a concern to the European Central Bank and would set the stage for […]
A (source: Markit) A series of business surveys that were released out of the Eurozone today indicated recovery in the area lost steam in November, fuelling concerns over another recession. Business growth was weaker-than-forecast this month and new orders have fallen for the first time in more than a year. The Purchasing Managers’ Index published […]
On Wednesday the Bank of Japan released a monetary policy statement which showed the central bank’s massive stimulus program was kept unchanged as widely expected. The BoJ committed to continuing its massive stimulus measures by purchasing more government bonds in order to increase the base money at a pace of 80 trillion yen a year. […]
The dollar was a little lower versus the euro and stable against the yen, as there were rumors that the Japanese Prime Minister could call early elections and announce a postponement to the sales tax hike as early as today. Dollar / yen was trading around 116.64 and was relatively close to the 117.06 7-year […]
EURUSD kept its recovery and remained above the key 1.2500 handle today. The pair extended higher to 1.2576 but was unable to sustain the rally. Support is seen at 1.2500 while resistance is at 1.2600. In the bigger picture, EURUSD is in a bearish trend. The market has formed lower lows and lower highs since […]
Currency trading was relatively range-bound during Thursday’s European trading as there was also little in the way of major news to give a definite direction to the market. The yen managed to push the dollar back a bit to around 115.50 from 115.80 earlier in the day, as it seems traders are hesitant to try […]
The Nikkei 225, Japan’s benchmark stock index, has posted a very impressive rally of more than 20% since its mid-October low. Part of that rally reflected the rebound in global equity markets after a brief correction and part was mainly related to the additional stimulus the Bank of Japan decided to provide on October 31st. […]
The XM Team led by CEO Costas Cleanthous were in China for this year’s Shanghai International Money Fair 2014 which took place between the 31st of October and the 2nd of November. We were happy to meet traders from all over the region and to catch up with some of our existing clients and partners […]
Our massively popular Abu Dhabi F1 Grand Prix competition that started on the 27th of September has now ended, and the results are in. We are happy to announce the lucky winners below: Position Name Country Prize 1st Hassan Awad United Arab Emirates 2 tickets to the Abu Dhabi F1 Grand Prix 2014 including accommodation […]