EUR running out of steam on its bounce off the overnight low at 1.5555. It is presently struggling to sustain the move above 1.5580 after facing selling interests on approach of 1.5600. Failure couple with a return below 1.5580 may prompt EUR to carry out another attempt lower. We closed our long position at 1.5592 and turned short at 1.5586 for a possible move to 1.5500/20.
The fallout in oil prices together with the positive US consumer confidence rising has overshadowed the… Continue
Added by chosenone on July 30, 2008 at 11:05am —
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Added by forex's best trader on June 1, 2008 at 11:54am —
Inflation and Recession: Today's Challenges and Trading Solutions Edit Delete May 15, 2008 0 comments Money
Inflation and Recession: Today's Challenges and Trading Solutions
I came across some information from one of my business associates over the last week and I thought it was suitable for our TEAM FXP traders to understand the importance of exceeding a minimum of 8% a year in their trading portfolio in order to stay ahead of inflation. Here is a more detailed assessment on… Continue
Added by Russ Field on May 27, 2008 at 5:40am —
Fatigue: How to Overcome Fatigue to Keep your Health and Profit
Forex is open 24 hrs a day, 6 days a week with virtually unlimited liquidity due to the massive and continual movement of currency across the world stage. It is a giant unto itself. Since the market is so vast and so potentially profitable it is easy for the neophyte trader to stumble into the opportunity of vastness. Many traders beginning their career spending countless days on end without sleep waiting for profitable… Continue
Added by Russ Field on May 27, 2008 at 5:39am —
Greed and Fear: Finding a Balance
The emotional teeter totter of greed and fear, one moment you are the ‘king of the world' making a string of successful trades then it happens. A trader takes that one extra trade (over trades according to their trading plan and money management strategy) or the trader removes a stop loss (ditching money management and objective trading rules) in order continue the win streak only to see their gains vanish. Each and every trader throughout their… Continue
Added by Russ Field on May 27, 2008 at 5:38am —
How to overcome greed and fear!
To commit to and adhere to ones' trading plan and money management strategy is paramount to overcoming greed and tackling fear. Faith and confidence in your trading plan and trading system to extract profits out of the market is key. Without faith you will see traders try absolutely every system and "magic bullet" only to waste countless hours and thousands of dollars never understanding the root of the challenge, themselves. Instead traders need to… Continue
Added by Russ Field on May 27, 2008 at 5:36am —
Patience and Discipline
As you learn how to trade and put much of this information into practice you will come to realize how vital patience and discipline are to your long term success as a trader. Patience emphasizes calmness, self-control and the willingness or ability to tolerate delay. When starting your trading plan you need to realize that you are starting a new career. Rome, wasn't built in a day and neither will your trading empire. It is important to stick to your trading… Continue
Added by Russ Field on May 27, 2008 at 5:35am —
Becoming a Profitable Career Forex Trader
The two most important commodities the masses strive to get more of are Time and Money. The world is shrinking, due to advances in telecommunications, onslaught of media bombardment and our fast paced lifestyle (consumerism). It seems that each of us are embroiled in a race to see who can come up with the greatest quantity of cheese and still have time to eat it before they fizzle and die. Most of us are wildly out of balance, due… Continue
Added by Russ Field on May 27, 2008 at 5:34am —
TEAM FXP Testimonial
I am delighted by Tim's return, and more importantly, the fact that his sessions are now taking place during more active trading hours.
Not only has Tim helped me dramatically improve the technical aspects of my trading, he has been invaluable in helping me get my head straight. As you know, the wrong psychology can quickly undermine even the best technical skills. During his absence, I continued to bounce between the extremes of fear and recklessness… Continue
Added by Russ Field on May 27, 2008 at 5:31am —
A Traders Story: Mind Melting
I have opportunities from time to time to talk about trading with the traders who frequent our ITRs. A few days ago one of the traders from the East Coast and I were conversing about how messed up traders minds can get when trading long hours in the shorter term strategies.
The conversation was quite pleasant as we conjured up memories of us spending money on the newest ‘silver bullet' in the Forex educational marketplace that gave us the… Continue
Added by Russ Field on May 27, 2008 at 5:29am —
ADVANCED TRADING ROOM RESULTS
There are very few educational companies that spend the time to actually test and make sure their students are ‘doing' the work. FX Course was the first company (we know of) to actually test traders' knowledge throughout their trading journey.
Our goal is to be able to move traders who truly want to commit themselves to learning through Foundations in FX and the Intermediate course to our Advanced longer term trading course within 90-120 days.… Continue
Added by Russ Field on May 27, 2008 at 5:27am —
FXCourse.com Upgrades and Changes
Over the last 15 days I am sure you have noticed a significant difference in the look and feel, navigation and content of FXCourse.com. We hired industry experts to analyze the site for ease of use, as well as, content (course explanations) and were given a really massive task, to change.
The old Fxcourse.com site was certainly a great looking site! However, challenges with; navigation, optimization and lack of specific content relating to… Continue
Added by Russ Field on May 27, 2008 at 5:26am —
Understand that trading is a skill that takes time and energy to master just like any other skill you will do in order to change your financial future. It is amazing how fast technology and information are advancing or escaping us dependant upon your viewpoint, whether positive or negative on the shrinking global village.
Recently I have taken the time and energy to write some blogposts on my experience as well as the experience of… Continue
Added by Russ Field on May 27, 2008 at 5:24am —
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Account Sizes: Continue
Mini Accounts: $250 -…
Added by David on February 8, 2008 at 6:17am —
This week will be the two year anniversary for my best and worst Forex day. It was late November 2005, I was about to move to a new apartment on December 1st and boy did I have expenses! Just like many Forex traders today I had a job that basically barely covered my living expenses, so with the move, my financial situation was a little tight. My wife and I were expecting our second daughter and raising our first who was turning one in December. But I had an outlet...Forex! I was convinced… Continue
Added by Sam Wexler on November 25, 2007 at 12:32am —