MaR FX May 24 2020
Hi , Market Report for May 26 2020 Video analysis courtesy of Shahine. Remember the UK and US ae closed on Monday so liquidity is likely to be less than…
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MaR FX May 24 2020
That Uncomfortable Feeling
Hi
When price turns from bearish to bullish, the difficulty is always knowing where is the buy point.
Traders will often look to indicators for help figure out what price is doing. There is some guidance the indicators can provide but inevitably the decision to enter should be based (more…)
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That Uncomfortable Feeling
FX Price Action May 18 2020
Hi ,
Shahine gained his TRC nickname as Night Shift for staying up late into the night trading FX. Since then he has changed and limited his trading times to the more lucrative London and NY sessions.
Shahine kindly created a video explaining his:
- Daily routine
- Analysis
- Trading
- Money process (more…)
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FX Price Action May 18 2020
Market Pullback
Market pullback
The main job of the market is to move up with the least amount of investors onboard. This can be witnessed by the number of times we see tree shaking in a trend.
Tree shaking can be in different forms such as BuF or mini consolidations but the (more…)
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Market Pullback
Treat trading like a business
I cannot forecast what will happen in the future but I can tell you that if you decide to embark on trading, it will be one of the hardest endeavours you will ever attempt.
It is a process that requires time and patience to learn, implement and experience. This is often overlooked by anyone who opens a broker account and thinks they are now a trader.
We recommend all traders use a small trading account to start with and as they progress with their trading, both in education and experience, gradually increase the account size.
When you first start trading, while your focus is probably all about making money, it actually shouldn’t be. The purpose of trading with a small account is not to gamble the account with an attempt to double the size, it is to understand the process of trading, the strategies and risk allocation. If you can manage this with discipline and consistency, you are beginning to gain an edge.
Now that you understand some of the expectations of trading when you first start out, lets talk about how to grow your account.
Proper risk
Too often new traders think a £1000 account size is expendable. Would they think the same if the account was £10,000?
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Treat trading like a business