Forex Account Management Services and Mentoring programs for Fx. Traders.

05/07/2022

05/07/2022

30/06/2021

Forex is so specific that even a winning trade can be bad, and a losing trade can be good.
⠀
💡 A good trade is a trade executed and managed according to your trading plan.
⠀
Suppose your system calls for a long position when 100 and 200 SMA cross and Stochastic reaches oversold territory. You see the market moving and you feel the urge to enter it, but you wait until the signals of the system equalize before you enter a trade.
⠀
And then the system gives the green light, and you open a long position. The trade works for you for a while, but eventually it changes and you get a stop loss.
⠀
It was a good losing trade! It may not have made any profit, but you showed discipline and adhered to your trading rules.
⠀
🧨 Bad profitable trade
⠀
Now, let's say your trading rules say you don't risk more than 5% on a single trade. But you notice a nice setup on USD / JPY, which you think is a high probability trade. You can't resist, so you end up taking a trade and betting 20% of your account.
⠀
When all is said and done, the trade is a winning one.
⠀
No need to celebrate, buddy. You just had a bad profitable trade! 😢
⠀
This may have led to huge profits, but in doing so, you broke your rules. You are lucky that the trade worked out in your favor, but keep in mind that in the forex world, luck can run dry very quickly...

22/06/2021

Bitcoin crashes to five-month low as price declines below $30,000 mark
Other major currencies such as Ethereum and Dogecoin have also dropped. While Ethereum dropped to $1,718 on Tuesday from $1,700 on March 29, after peaking at $4,306 on May 12, Dogecoin had declined to $0.1667 from $0.7188 on May 8, 2021.

22/06/2021

Gold is trading at $1782.99, 0.36% up since previous close. A strong rebound can be seen in Gold against soft greenback after plunging down heavily in the last week. The Fed’s hawkish stance of raising interest rate twice in the year 2023 remained supportive for USD & negative for the precious metals. However, the mixed market sentiments ahead of ECB Lagarde’s speech & ongoing M & A deals in Europe remains vital for Gold today.


Our Preference:
Support:(S1) 1750.57000, (S2) 1737.90000, (S3) 1701.59000
Resistance:(R3) 1845.99000, (R2) 1809.89000, (R1) 1786.86000

22/06/2021

EUR/USD is trading at 1.18966, 0.18% up since Friday. The EUR slightly gained the momentum after heavily sliding down last week against the strong greenback. The cautious market sentiments ahead of ECB Chief’s Lagarde speech pulled up this rally in EUR/USD today. Earlier, the sudden hawkish stance hinted by FOMC regarding two interest rate hikes in the year 2023 caused a massive selling in EUR/USD. The Euro-zone Final CPI data remained constant same as previous reading which failed to show any major changes in EURO.


Our Preference:
Support: (S1) 1.18288, (S2) 1.17992, (S3) 1.17215
Resistance: (R3) 1.20323, (R2) 1.19546, (R1) 1.19065

20/06/2021

Launching Fx. Education program from tomorrow onwards@Basic level to Advance Level. Feel free to connect with me. Thanks🌹

15/06/2021

The reason why more than 90% of traders lose 90% of their trading capital in less than 90 days is because of false expectations upon trading

▪️Proper Trading Knowledge
▪️Trading Psychology
▪️Risk Management
▪️Patience and Emotions Control.

Is all that you need to become a Consistent and Profitable Trader.

Don't let these fake gurus make you believe that trading is easy. It has never been hard nor easy. That's the truth.

It’s profoundly sad seeing Instagram Traders (Fake Gurus) posting things like

" All you need is Internet connection and a Phone to make money" that not true my Friend and Don't be Fooled.

Instead;

- Work hard in getting proper trading knowledge if you don't possess one.

- Design a proper trading plan that will work for you.

- And last but not least, Manage the risk and emotions accordingly.

01/04/2021

Young, Dynamic, Good Looking and Fluent in English, females are needed for calling related to GlobalFinancial Markets.

31/03/2021

Telecalling related to financial markets

08/03/2021

GBP/JPY is trading at 149.997, 0.37% up since Friday. The pair tested higher highs against the firmer USD after U.S senate passed a stimulus aid worth $1.9 trillion last week. The U.K Construction PMI rose to 53.3 against the previous figure of 49.2 which remained supportive for GBP/JPY. The Japan’s Final manufacturing PMI expanded to 51.4 from 49.8 in the prior month which shows a progress in economic conditions. The momentum in GBP/JPY will also be determined on an upcoming BoE Governor Bailey speech which is to be released today. As seen in the chart, the GBP/JPY is constantly trading above the short term Moving Averages & is hovering in bullish channel pattern which clearly indicates a strong buying in the pair GBP/JPY on daily basis.

05/03/2021

Currency prices are constantly moving, so the trader may decide to hold the position overnight. The broker will rollover the position, resulting in a credit or debit based on the interest rate differential between the Eurozone and the U.S. If the Eurozone has an interest rate of 4% and the U.S. has an interest rate of 3%, the trader owns the higher interest rate currency because they bought EUR. Therefore, at rollover, the trader should receive a small credit. If the EUR interest rate was lower than the USD rate then the trader would be debited at rollover.

Rollover can affect a trading decision, especially if the trade could be held for the long term. Large differences in interest rates can result in significant credits or debits each day, which can greatly enhance or erode the profits (or increase or reduce losses) of the trade.

Most brokers also provide leverage. Many brokers in the U.S. provide leverage up to 50:1. Let's assume our trader uses 10:1 leverage on this transaction. If using 10:1 leverage the trader is not required to have $5,000 in their account, even though they are trading $5,000 worth of currency. They only need $500. As long as they have $500 and 10:1 leverage they can trade $5,000 worth of currency. If they utilize 20:1 leverage, they only need $250 in their account (because $250 x 20 = $5,000).

Making a profit of $25 quite quickly considering the trader only needs $500 or $250 in the capital (or even less if using more leverage), shows the power of leverage. The flip side is that if this trader only had $250 in their account and the trade went against them they could lose their capital quickly.
It is recommended traders manage their position size and control their risk so that no single trade results in a large loss.

15/07/2020

02/07/2020