Have you ever had an interest in the financial markets but don’t have a clue on how to break through the walls and trade like a pro? The watchmen of the Wall Street as well as The City have for decades been focused on keeping the majority under control so they can charge their heavy fees for trading. That’s a fact. That’s about to change, especially if you understand how to trade using the eToro platform. This platform opened doors and allows you to begin trading on the web. eToro is way more affordable than the cost of hiring conventional stockbrokers. It charges 0% commissi ..read more

  If you’re thinking about getting into trading, you’re probably wondering how much money you need to get started. In this blog post, we’ll explore how much trading capital is needed to trade effectively. Whether you’re just starting or are a seasoned veteran, this post will give you some useful insights. Any successful trader will tell you that it all starts with having capital. It takes money to make money. But what is the right amount of capital? It all depends on you. The amount of trading capital you need for trading depends on your goals and objectives. When it comes to trading, th ..read more

  If you are a newer trader, you may not realize just how important it is to pay attention to some of the breaking news that comes out of the financial world. It is far more important than you may have ever realized. Markets move based on the data and information that comes out, and you need to absorb that information to best inform your trading strategy. There are some people who are not too keen on trading the news as it adds a lot of volatility to the market. However, if you are okay with accepting at least some risk in your trading, then you will want to pay attention to what is happe ..read more

  Coming off one of the slowest European US sessions that I can recall, feeling like a summer Friday, it got me thinking about one of my trading tips. I call it Complacency Can Be a Trader’s Worst Enemy What I mean by that is it is easy to give up on a day only to find yourself sitting on your hands when volatility suddenly picks up. I have seen it happen many times that I turn up my alertness meter and fight the tendency to become complacent when markets are dull. There was a time in my forex trading career when every time I left for a break or lunch the market would stage a big move. It ..read more

  From the dawn of the Civilization humans tried to predict the future events . That tendency produced not much till this day, aside of gazillion of Soothsayers , Witches, Sorceress , Wizards and a decent number of Prophets  . Tendency did not change with The Coming of GenZ  – instead Vocabulary has changed. So now we have Gurus, Influencers , Experts ….and Kim Kardashian of course… Those of us that got involved deeply in the Hellish World of Forex are the most prone to try to reach for that Holy Grail – Wisdom – Knowledge – Technical approach to the reality. We all know that on ..read more

  There are certain pieces of news that can come out that directly impact the Forex market. It is best to know the types of news that moves the forex market — news that could come out that may have a direct impact on conditions in the market. Obviously, if you know what pieces of news may directly impact the Forex market, then you need to understand how and why certain pieces of news are likely to have an impact. News Impacts Forex Differently than Stocks Individual stocks can be impacted greatly when there is news that comes out that directly impact the stock. In fact, a single piece of ..read more

  Trader Alert The forex trading landscape is littered with losses and blown accounts by those who counted on central bank support for their positions. While betting on central bank intervention may work at times, when it doesn’t the result can be painful or even a disaster. I learned this lesson early on when I ran a forex trading room for a commodity company. Let me lay out the background: It was a time of dollar weakness The Fed trading desk would leave dollar buy orders with banks after London’s close to keep the dollar from coming under selling pressure during the NY afternoon. That ..read more

  How to Understand the COT Report Anyone who wants to be involved in the currency market needs to understand how to find certain sources of information that they wouldn’t necessarily be all that concerned about in other situations. However, at the end of the day, we all need to make sure we are well-informed and understand what is happening in the various assets that we are attempting to trade. The Commitment of Traders (COT) report (the COT report) is a great resource to look at because it will give an indication of where the following groups of traders are positioned in any given marke ..read more

  How do you know when you’re dealing with a trending market? Many traders like to see a trending market far more than they would like to see a ranging market. Either market condition can be potentially proftable for a trader who knows what they’re doing. However, a trending market tends to provide the biggest opportunity for large gains and potentially minimal risk. What you want to make sure of is that you are actually viewing a trending market rather than a minor correction in one direction or the other, known as a retracement. We will look at some ways that you can tell. What you will ..read more

  Understanding the environment of the overall market around you is the only true way that you can make the kind of progress you need when you are attempting to trade the markets. There are situations when the market is very choppy and not useful for traders who are attempting to make the most profitable trades possible. Then there are other times when things are trending smoothly and it is easy to understand what is happening. It is so important to know which kind of environment you are currently in so you don’t make moves that are ill-timed. Trend-Based or Range-Bound One of the simples ..read more