I was surprised by the news when it was revealed that the US Government will be shutting down. This could be a great opportunity if you’re that kind of trader. How can we make money with this news? The answer is… You don’t trade. This site has been created for the sole purpose of teaching myself how to trade forex. By documenting it, I realized that people have also been able to make something out of it and help them get started. During the years I have been trading, there’s always 1 rule that I always remember when I hear news like this. Follow your trading plan. Your trading plan has a purpo ..read more

The more I lose in forex trading, the more I learn. I learn more things from losing than from winning. And as time goes by, I learn to adjust my thinking and strategy and learn to have a fixed set of ideas about the market that I use to trade with. These set of ideas are based on rules to help you become more successful in trading. These rules have changed the way I trade for the better and I hope it change yours too. #1 – Never Lose Money Rule # 1 is the most basic. Never lose money. The more you trade, the more you lose. That is why, you need rule number 1 to be picky on trades that will onl ..read more

September is a great trading month. I almost, just almost, reached my 2nd goal. But the market took it away from me when I became over confident. This month, I will never let that happen again. I’ll remind myself to take only high rewards and high probability trades. A new month has begun. Its a great thing feeling to be able to start a new. So lets get on with the forex analysis. AUDUSD I managed to take a trade on AUDUSD. Shorting near the peak and added positions as they break the support @ 0.9700. On Daily, it seems we have a downtrend forming and we can expect to at least touch the next s ..read more

Do you know how professional traders make millions? Here are some tips from them. Jesse Livermore: The Worlds Greatest Stock Trader by Richard Smitten 1. Don’t Lose money 2. Always Establish a Stop 3. Keep Cash in reserve 4. Let the (Successful) Position ride…until you have a Clear Reason to Sell. 5 Take the Profits in cash…and place 50% in a separate account Lessons From the Greatest Stock Traders of all Time by John Boik 1. Trade with the Trend 2. Cut Losses short 3. Let Profits run 4. Manage Risk How Legendary Traders made Millions by John Boik 1. Understand the General Trend of th ..read more

Do you really need to attend paid seminars? Were all that will be taught is online and for free? Save the money and put it in your forex trading account. Because most basic tutorials and training that you need to get started are already provided to you by the forex brokers. The more in depth knowledge are already here in the site, named accordingly How to Trade Forex. Or maybe not… Who knows? Maybe you still need forex trading and seminars that occurs 1 – 3 days. And that will make you a forex expert. You can learn basic and advance training in 3 days times. And you’ll be a millionaire in th ..read more

Trading, whatever markets you are into is still the same, making profit out of the volatility of the price. Whatever you use to have an edge over the market is a personal reference and thus every person may have a different way to try to trade the market. Thus, there is no one person that can claim that there is only 1 way to trade. I am using technical analysis to try and trade forex. But its only 10% of my whole trading system. Its not even that important. When I try to share this knowledge, you may already being branded as a fundamental analyst and this can raise eyebrows. What else can you ..read more

What makes a great forex trader great? Here are the top 10 habits that all great forex traders have in common. #10 – They Take it Slow Successful traders know how to take things slowly. They are patient. They know that being a millionaire in forex doesn’t mean hitting the jackpot overnight. It means gradually building up their war chest, losing a few trades but at the end of the day, its still a win. #9 – Make a Journal You don’t know how important making a journal is until you create one. I used to believe that making a journal was a waste of time. Until I have no other choice. After a depre ..read more

I have been doing a lot of research lately. Trying to get my head into automated trading. There are times when I just want to get out of the market because it really takes a toll on your mental health. There are times when you feel you’re invincible and can never be wrong. This rollercoaster emotion in forex trading is what I want to remove. So I’m doing a research on how to get into automated trading. I mean, the system that I’m using is good as it is. Now let’s see if we can teach a computer to trade for me and thus free me from being tied to the computer. Why would I want to do automated tr ..read more

One of my first question when I learned about trading or investing in general is that, “Which is better? Forex or Stocks?”. Though many people will argue that one thing is better than the other. I would like to give my opinion on this case. They are both great vehicles for making money and have a lot of potential in making you rich and we will tackle them in this post at forex philippines. Forex market is The Largest Market in the world. The market is open almost 24hrs a day. When one market closes, other markets open, making it possible to have a continuous 24hrs operation. There are a lot of ..read more

Been trading demo and live money for weeks and trying to come up with my own trading style. Been focusing on just 1 currency pair and with one time frame (15 minutes). For the first few days that been trading, my funds are diminishing everyday, trying to bang my head on the wall why do I lose trade? I came up of the idea to make everything simple. Watch out for just 1 setup and wait. Knowing that setup and pattern will get you acquainted with it. Making you recognize the pattern anywhere on the chart and recognize it when it is forming. You get to know one setup and pattern really well, try to ..read more