Giuseppe Basile, CSTA/IFTA
FibStalker Trading
In this series of 10 Steps for Successful Trading, Giuseppe Basile, aka FibStalker, goes through the steps you need to master to become a successful trader. Whether you want to be a follower (use other's people signals) or a business owner (come up with your own trading ideas or setups) you will need to go through a number of these steps which will basically make you grow and will change yourself, to become someone else, a successful trader.
Watch the full series here:
Step #1 of Successful Trading: Understanding
Step #2 of Successful Trading: Risk & Reality of Trading
Step #3 of Successful Trading: Trading Edge
Step #4 of Successful Trading: Stick to the Plan
The content provided through the FibStalker brand and websites is property of Giuseppe Basile and any views or opinions expressed herein are those solely of Giuseppe Basile. The information provided is for educational purposes only, so it should be used at own risk. Giuseppe Basile is not a broker-dealer, legal advisor, tax advisor, accounting advisor or investment advisor of any kind, and does not recommend or advise on the suitability of any trade or investment, nor provide legal, tax or any other investment advice. Release of Liability: Through viewing or using the information in the FibStalker websites, and other sites you agree to hold Giuseppe Basile, 8762538 Canada Inc., FXStreet, and any websites and connected operators, harmless and to completely release them from any and all liabilities due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur.
Editors’ Picks
EUR/USD recovers further from one-month low set on Friday, eyes mid-1.1800s on weaker USD
The EUR/USD pair is seen building on Friday's late recovery from the 1.1750-1.1740 region, or a nearly one-month trough, and gaining some follow-through positive traction at the start of a new week. The momentum lifts spot prices to the 1.1835 area during the Asian session and is sponsored by a broadly weaker US Dollar.
GBP/USD gathers strength above 1.3500 amid tariff confusion
The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.
USD/JPY: Japanese Yen rises as tariff woes rattle markets
USD/JPY slides to test 154.00 in the Asian trading hours on Monday. The Japanese Yen attracts haven demand amid tariff uncertainty, which weighs negatively on market sentiment and the US Dollar.
Editors’ Picks
USD/JPY: Japanese Yen rises as tariff woes rattle markets
USD/JPY slides to test 154.00 in the Asian trading hours on Monday. The Japanese Yen attracts haven demand amid tariff uncertainty, which weighs negatively on market sentiment and the US Dollar.
Gold rallies above $5,150 as Trump’s tariffs boost haven demand
Gold price extends the rally above $5,150 in the Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, which boost safe-haven flows. US-Iran geopolitical risks also linger, supporting the Gold price upside.
AUD/USD struggles below 0.7100 as trade tensions weigh
AUD/USD eases back below the 0.7100 mark during the Asian session on Monday as trade-related uncertainties continue to sag investors' confidence. However, the downside in the pair ciould be cushioned by a broadly weaker US Dollar and expectations of dfivergent monetary policy outlook between the Fed and the RBA.
Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000
The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.
Liberation day take two, the tariff machine just changed gears
Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market.
5 Forex News Events You Need To Know
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. Indeed, quickly getting a handle on which data to look out for, what it means, and how to trade it can see new traders quickly become far more profitable and sets up the road to long term success.
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets.
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.