The mental side
Posted on Thursday, May 20th, 2010 at 1:15 pm.
Whether you have been trading for some time or are new to the currency market, one thing that is crucial for your success is being able to control your emotions. Becoming a successful trader isn’t nearly as much about charts and indicators as you may think. I would say that about 2% of your success will come from the indicators and charts. The other 98% is within yourself. You need to learn to read yourself and judge the market dispassionately. It’s easy to be successful with a demo trading account, but it is another thing entirely when you are trading live. Due to the emotional attachment that we have to money, trading live is much more difficult. If you want to trade consistently, learn to manage yourself and the rest will fall into place.
Greek gets bailed out but the GBP CHF and EUR continue
Posted on Tuesday, May 4th, 2010 at 6:01 am.
Fundamental part of trading you may know that Greece has struggle with their financial end. We do expect the continuation with all pair and looking to gain alot of pips out of the market. Trading with amount that could possibly will double or even triple accounts. You can also use the trading tool that we promote the forex magic stick. In forex education you will learn the right things to know when too use the tool and why the tool works. Trading with forex magic stick the results are amazing looking at the audusd has dropped and looking at all these pair making some very big moves. Some people can’t trade during london let magic stick do it all for you.
The USD CAD is on the way up!
Posted on Tuesday, May 4th, 2010 at 5:57 am.
Dr. Blythe here,
Hey guys, on the daily charts there was a great break out of a long term trend line. This currency pair is setting us up for a nice move up. Trading in the Forex markets can be tricky but sometimes the trades are easy to spot. I will be watching for another entry off of the pop trade. So happy trading and get those pips!
forex experts say GBPUSD is going down.
Posted on Monday, May 3rd, 2010 at 4:39 pm.
Looking at the ecomonic side of trading as well as the technical trading experts are expecting the GBPUSD currency pair to continue too drop over 1000 pips in the next few weeks. One thing we can use because the market is consolidated at this point of time is the Forex magic stick. Looking to put your sellstart command and entry point 1.5227 and sellsl command at the last swing point located at 1.5287 and first take profit is 1.5151 at this point of time. You can adjust break even once the market is in profit 50 pips and it will become a risk free trade. Trading with magic stick has made it so easy and helps me stay out of slow markets so look at this projection and see what happens. You will be amazed what this Forex EA can do.
