Dukascopy Research Team covers fundamentals and technicals on the economic data release. Discussion of the historical data, potential trading strategies and projection of the possible market reaction. To join our LIVE daily webinars, follow the link below and click “click to join” www.dukascopy.com/tv/Live You can view this video and the full video archive on the […]
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 FOMC statement from Wednesday still dominated markets today, keeping the dollar firm and the euro and sterling in their recent ranges. The Fed’s message supports the upward dollar trend as it signaled that the earliest it would increase interest rates would be in June although there was a caveat – policy is data dependent […]
Currency markets were relatively calm as many investors preferred to wait on the sidelines ahead of an important risk event today – the Federal Reserve issues its statement later in the US session and will be the main highlight of the day. As a result, the dollar retained a softer tone going into the FOMC […]
The euro extended gains against the dollar today after rallying from a fresh 11-year low of 1.1096 touched on Monday. There is some relief in the markets that the new Prime Minister of Greece, Alexis Tsipras, appeared willing to negotiate with the nation’s international creditors. A weaker dollar also supported the euro. The euro rose […]
The euro has recovered from a dip to below $1.11 which occurred in reaction to the results of the Greek election in early trading today. The Syriza victory was widely expected by the markets but the failure to win a full majority raised uncertainty over what coalition government would be formed. It has been reported […]
The highlight of the day was the European Central Bank policy meeting. In the buildup to the policy announcement and ECB Chief Mario Draghi’s press conference, the euro was quiet. There was a slight move up after the ECB announced it left its key interest rate unchanged. The main refinancing rate was kept at 0.05% […]
Positive news that UK unemployment dropped to 5.8% in November compared to expectations of a drop only to 5.9% from 6% the preceding period. This was the lowest rate since July of 2008. In addition, during the month of December, the claimant count of registered unemployed fell by 29.7 thousand compared to a drop of […]
The euro moved very little against the dollar today as markets are focused on Thursday’s European Central Bank policy meeting and a Greek election on Sunday, both being major risk events for the single currency. The ECB is widely expected to launch more QE (quantitative easing). However, what makes markets nervous is the uncertainty of […]
Major currency pairs made only slight moves today heading into risk-filled events this week so investors are nervous. The main focus will be on Europe, particularly on the European Central Bank meeting on Thursday, followed by the elections in Greece on the weekend. Meanwhile, markets are still reeling from the shock of the SNB move […]
The main news today was the abandonment of the 1.20 floor by the Swiss National Bank of the Euro / franc exchange rate. The surprise decision caused widespread dislocation in foreign exchange markets, as euro / franc dropped as much as 30% to 0.85 from around 1.2010 before the decision. Euro / franc appeared to […]
The US dollar found itself on the defensive against both the euro and the Japanese yen, as retail sales during December fell much more than expected. Advance retail sales dipped 0.9% against expectations of a marginal dip of 0.1%. It appeared that lower energy prices had not encouraged consumers to spend more. The news immediately […]
In an otherwise quiet session, the euro dropped to as low as 1.1763. ECB policymakers, including Benoit Coeure today, have been continually hinting at action at next Thursday’s policy meeting. Such action should involve sovereign bond purchases and the market is basically expecting the scale and method of such purchases. The dollar was approaching the […]
US dollar bulls initially recovered their stride after the temporary setback delivered by the contraction in average earnings contained in the US employment report. Apart from wages, other aspects of the report such as payrolls and the unemployment rate, indicated a strong labor market. The US dollar was volatile in the absence of news, as […]
The dollar eased back against the yen but euro / dollar made new lows during today’s European session, as traders positioned themselves ahead of tomorrow’s crucial US employment report. After failing to break above the 120 level, dollar / yen headed back down to around 119.50. The pressure on the euro continued to mount, as […]
The euro moved another leg lower against the dollar today to touch a 9-year low of 1.1818. The main catalyst for today’s move was a lower-than-expected Eurozone CPI figure. Inflation fell to an annual rate of – 0.2% in December, the first time it went negative since 2009. Expectations were for a drop in the […]
The euro and the pound were the main losers of today’s European session while the US dollar managed to gain ground after disappointing business confidence surveys from the two main European economies. US data was also weaker-than-expected, although they did not change the market’s overall positive assessment of the US economy. Starting with the Eurozone, […]