Many people will tell you that risk management is essential, and I AGREE; however, the common method of training people how to manage risk is using a standard risk amount like 1% or 2% per trade. Here are five reasons why I don’t [...] Read more »
GBP/USD looking to target 1.6000
GBP/USD is moving in a nice upward long term trend and has managed to break above 1.5800 level and seems all set to touch 1.6000 level. Once it manages to break above 1.6000 level, we might see an GBP/USD staying above that level for some [...] Read more »
GBP/USD setting up for another rise
GBP/USD seems to be taking some retrace and it appears that it is setting up for another upward move. Currently traders will be looking to buy GBP/USD on dips to retracement level. Currently a good support level can be seen around 1.5795 level and traders [...] Read more »
Learn From a Loser
As Forex traders, we want to learn from the people that are making the millions.. And that is great, but there is also some truth in the idea that someone who has never really lost or struggled, will have a hard time teaching an average [...] Read more »
GBP/USD almost finished with retracement
GBP/USD is trying to get back into long term upward trend but before doing so, it is taking some retrace and that retracement move seems to be completed. The first retracement level can be seen around 1.5750 level and break of that will set an [...] Read more »
EUR/USD all set
EUR/USD seems all set for an extended move in long term upward trend and for both the long term and intra-day traders will be looking to buy EUR/USD on dips to some reasonable levels. The first level that the traders will be looking to enter [...] Read more »
GBP/USD looking for an extended break
GBP/USD is trying to get back into long term upward trend but before doing so, it has to break a few important resistance level. The first resistance level can be seen around 1.5885 level and break of that will set an important level around 1.6000 [...] Read more »
Forex Weekly Report
his week I am going to have some great market ideas for you as I do every week :) but first I want to give some shout outs to some friends of mine that helped my trading this week. Read more »
USD/JPY testing limit
USD/JPY seems to be moving in a nice upward trend but now it seems to be testing the limits at the moment being getting really over bought at the moment. It seems that the current target is 79.50 level and from there, we might see [...] Read more »
USD/JPY getting a bit over bought
USD/JPY seems to be moving in a nice upward trend but it is getting a bit over bought and sooner or later we might see USD/JPY taking a dip to have some retracement. The traders will look to aim buying USD/JPY around those retracement levels [...] Read more »