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Forexmentor

This Is Why You Must Perform In Depth Market Analysis!It's not so simple doing market analysis some times. What time frame should you use? What indicators should you have on your chart? What drawings should you make? Every forex "mentor" pushes their 'unique' strategy to profitably trade forex markets, however can you be sure that their strategy is truly profitable? Before you start trading a strategy live you should KNOW for certain that a strategy is possible. There is only one way to be certain that a strategy is profitable - back testing. Any trading strategy should be thoroughly back tested on the symbol you want to trade prior to trading a live account. Otherwise how can you be sure you'll make money? Answer - you can't. In going live with a trading strategy you should have expectations about the number of trades you will win / lose / scratch at. You should also know the profit margins to expect. Without data on a trading strategy you are gambling and hoping. Many traders automate trading strategies to automatically back test their trading system. This is something that makes back testing a lot easier and more fun. If you want to start trading the first place you should start is on a spread sheet! Now just remember, if you want to trade like a winner you have to put in the work like a winner. Winner winner, chicken dinner. So - BACK TEST YOUR TRADING SYSTEM Also, many traders preach fixed risk management ideas such as "only ever risk 1-3% a trade". THIS ADVICE IS BOGUS! Once you have backtested your trading system you will know what the ideal risk exposure for your trading system will be. Some systems only have profitable returns when risking a fixed dollar amount, some will return greater with a fixed % amount. Some trading strategies with high strike rates will allow traders to risk up to 5-10% a trade, whereas other systems may only risk 0.3-0.5% a trade. There is so much mis-information in the trading industry, and the reality is you do not need to buy a trading system or a mentor. You only need to do the necessary work to backtest strategies until you come up with a profitable one, and then model the risk exposure to find what returns the most! RANT OVER.
by ToniSignals
3
NAS100 WITH AYANDANXUNALO_SAI am currently looking at selling nas100 we will be Selling NASDAQ once it retests my trendline forming a lower high after that low it has printed... As we know nas100 goes in correlation with Dollar index , the dxy is currently at a very significant area where it has just retested our up trending Resistance and we are expecting it to drop... Once the Dollar Index Drops then we will be looking at selling nas100 and almost all pairs with the Dollar as Base Currency How Ever we will be reactive and not predictive towards this trade
FX:NAS100Short
by FX-ICONs
1
EURUSD daily correction persistsAfter a solid uptrend that broke some significant weekly resistance zones and market structure, the EURUSD looks to have found a top and is now in correction mode on the daily. I'm expecting further short-term weakness to test the previous structure before Euro decides its next move. You'll notice that the EURUSD is usually inversely correlated with the DXY, so we can look at both of these together to confirm our view. See you on the next FX market scan to discuss further. Cheers Dale DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation.
by OrganicFX
5
Rules to be SuccessfulSAVE THIS! In order to be profitable in the Forex market, we must follow some very strict rules and even imposed by us when we make our TRADING PLAN. First of all you have to trade with our own money and so you can eliminate a major pressure. Then respecting the TRADING PLAN and having a very good RISCK MANAGEMENT, from my point of view it is a bit difficult to lose in the FOREX MARKET. You need to train and apply the best strategy to always be profitable. And you must not forget that THE MARKET IS ALWAYS RIGHT AND you must follow the market.
FOREXCOM:XAUUSDEducation
by BloomFX_SIGNALS
4
USDCAD - Full Analysis BreakdownWelcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on USDCAD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Short
by AlphaTrading-Group
2
NZDUSD - Monday Full Analysis BreakdownWelcome traders to a free top down analysis breakdown. Today I am highlighting possible trade ares on NZDUSD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Long
by AlphaTrading-Group
GBPUSD - New Weekly Forecast !!Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
Long
by AlphaTrading-Group
2