Sophia Todorova has a background in teaching and psychology, and as such relishes the idea of assisting new traders on their journey to Forex trading success. Technical Analysis is her passion. The charts speak, and she listens. Friday’s close saw the Audusd currency pair holding firmly above 1.0200 support. The week ahead appears [...] Read more »
GBP/USD gradually moving into upward trend
GBP/USD is gradually looking to break into an upward trend and traders will generally look to buy GBP/USD for an upward trend. The aggressive traders and intra-day trades might look to buy something around 1.6000 level which also is a psychologically important level. In case the GBP/USD takes further dip below 1.6000 level, the long [...] Read more »
EUR/USD looking to extend in downward trend
EUR/USD seems to get back into long term downward trend and currently trader will be aiming to trade with the long term trend and sell EUR/USD on rise to retracement to reasonable levels. The first such reasonable level can be seen around 1.3190 level and once the traders get a chance to enter around that [...] Read more »
Maximize Profits and Minimize Risk–What a JOKE!
why: When do you cut the loss? ... What does "cutting short" mean?... If you cut it too short, you won't win any trades. If you don't cut it short enough, then the losers are too big to make up for with your winners. You will try to develop a great risk to reward ratio, but at 1:5 you won't win enough trades and at 1:2 the winner's will not be big enough to make up for the losers. This is what makes trading hard... Read more »
USD/CHF back in downward trend
USD/CHF seems to get back into long term downward trend and currently trader will be aiming to trade with the long term trend and sell USD/CHF on rise to retracement to reasonable levels. The first such reasonable level can be seen around 0.9135 level and once the traders get a chance to enter around that [...] Read more »
Realistic Income Goals for Forex Trading
unt each month, instead of weekly or daily for risk management purposes. You would need to have a $20,000 account to make $50,363 a year at 8% a month. This is assuming you don’t manage to do more then 8%. Now lets say you minimized your expenses and worked a job, so you were able to build your trading account. How long would it take you to make 1 million off of a 10,000 account at 10% ROI a month? In 4 ye Read more »
GBP/USD setting to resume upward trend
GBP/USD seems to be setting itself up for upward move in the long term trend and traders will be basically looking to trade GBP/USD on dips to primarily around 1.5860 level but more conservative traders will look to trade around 1.5820 for initial targets around 1.5830 which can be further extended towards 1.6000 level. In [...] Read more »
PARTIAL PROFIT-TAKING: AN ALTERNATIVE VIEW
My colleague, Nathan Tucci recently published an article on partial profit-taking. He demonstrated that, for the most part, taking partial profits on trades, while leaving a runner very rarely makes sense. However, I believe that partial profit-taking is an essential element in trade management, particularly for swings and longer term position trades. Here are some points that support partial profit-taking: Read more »
The Weekly Analysis for the Eur/Usd
Traders, today I have a Video analysis for you to change things up and see how you the reader likes videos . Read more »
Non-Farms Payroll
If that zone is broken, I am confident that the Euro will be headed downward for weeks to come Read more »