Market sentiment for the euro was more upbeat after releases of more encouraging-than- expected PMIs from the Eurozone. Markit’s Composite Flash PMI rose to 52.2 in October which was above forecasts. Analysts expected a drop to 51.7 from September’s reading of 52.0. The data helped the euro rebound from a 1-week low of 1.2613 to […]
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 US dollar remained strong, pushing euro / dollar down to the 1.2630 1-week low, as a forecast beating US inflation number yesterday was expected to contrast with weaker Eurozone PMI indicators later in the day. Euro / dollar subsequently recovered slightly to 1.2645. The dollar also climbed to as high as 107.33 against the […]
The euro was holding near its 1.27 low of the past week at 1.2730, as speculation that the ECB would inject extra stimulus into the ailing Eurozone economy meant more selling of the single currency. Specifically, the rumor – reported by Reuters as it had several unnamed sources that confirmed it – was that as […]
Season 1 Episode 2 Season 1 Episode 2 Subscribe to the YouTube Channel A few characters in this documentary series have really inspired me to aspire to a goal of creating a salary replacement for the people I love and care about. There’s still a long way to go, but I’m confident that in 6 […]
The euro fell on rumours that the European Central Bank is planning to buy corporate bonds on the secondary markets as soon as December. The ECB soon denied these rumours but the euro still remained under pressure. It fell more than 100 pips against the dollar from 1.2838 down to as low as 1.2734. Other […]
The US dollar rallied above the important technical level of 106.00 yen on Friday after being boosted by an upbeat American consumer sentiment report. The closely watched University of Michigan/ Thomson Reuters index on consumer sentiment in October rose to the highest in more than 7 years to 86.4. This was above forecasts for a […]
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 […]
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 […]
The US dollar has shifted course against the euro and the pound today, mainly driven by disappointing data out of the UK and the Eurozone. Sterling was one of the worst performing major currencies today versus the dollar after plummeting to a low of 1.5903. The catalyst for the fall was soft UK inflation data […]
The main theme in currency markets today was the dollar’s weakness against most major counterparts as investors pared back bets of an earlier rate hike by the US central bank after some Fed speakers speaking at the IMF meetings this weekend suggested this delay in rate increases. In reference to slowing growth in the global […]
My first South African based forex brokers broke my heart so badly with their lack of attention to me as an IB and client and seemed to just be interested in money. But more than that they were selling an overpriced and overhyped course (it was very glitzy and professionally produced) but really it didn’t […]
The dovish FOMC minutes continued to work against the US dollar although an upbeat jobless claims report today helped save the greenback from a further decline. The euro benefitted from the weaker dollar and pushed higher for a fourth day in a row to peak at 1.2790 in early European session trading. Weak German and […]
The lack of major data releases in the European session kept price action amongst most major currency pairs sideways. Investors were reluctant to enter new positions ahead of the FOMC minutes which are due for release at 1800 GMT on Wednesday. Meanwhile, market sentiment was also quite damp after the International Monetary Fund’s cut its […]
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 […]
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 […]
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 […]