As the title suggests there are a number of things you need to understand before you start throwing your cash around. And one of them isn't using a 'robot' to tell you when to buy or sell.
Fact: Traders who use robots to make their trading decisions have absolutely no idea why the forex currencies go up and down. If they did, they wouldn't use them!
The major currencies pairs are driven by the fundamentals of each economy and primarily delivered by the central banks of these countries. It is systematic, logical and easy to understand if you have 5 minutes spare to learn about it.
But the fundamentals are just one part of your trading process & success. Capital management is at the top of my list every day but in all honesty, there are a number of factors that combine to deliver low risk, high probability trading opportunities. If you don't know what these are and how to implement them, I'm sorry to say it but you're more than likely on a slow path to losing your cash.
We want traders to be successful and to have long-term trading careers. I see value in all forms of trader training but we specialize in something completely different to everyone else. We train you the way the banker's trade!
Prepare for 2019 as 2018 starts to slow down
We've recently combined 10 years of 'course development' with our T4TCapital Trading Program to provide a clear path for traders to become successful funded traders.
It includes the New complete forex course which will give you the knowledge and understanding to implement:
-
Capital management
-
Trade plan & process
-
Technical analysis
-
Fundamental analysis
-
Trade execution, to name but a few.
It goes without saying our new complete forex course has more bells and whistles than a fairground organ!
Brexit is almost over, Trending Markets to Prevail
The deadline for a Brexit deal is March 2019. So there's no better time than right now to tune up your trading skills and get ready for some great trading opportunities.
I'm expecting the markets to go back to 'trending' conditions once it's out of the way and to truly take advantage of this you need to understand what you're doing and how to trade professionally.
For more information check out our site and see what all the fuss is about.
The risk of loss in Forex trading can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in the light of your financial condition. The high degree of leverage that is often obtainable in Forex trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Past performance is not indicative of future results.
Editors’ Picks
USD/JPY advances toward 149.50 ahead of crucial BoJ policy decision
USD/JPY is rising toward 149.50 in the Asian session on Tuesday, picking up fresh bids. Traders keenly await the highly-anticipated Bank of Japan policy decision. The BoJ's outlook on the negative interest rate policy and the Yield Curve Control (YCC) will play a key role in influencing the Japanese Yen.
AUD/USD creeps lower to test 0.6550 ahead of RBA’s decision
AUD/USD is grinding lower to test the 0.6550 level in Asian trading on Tuesday. The Aussie Dollar stays on the defensive against the US Dollar as markets prepare for the Reserve Bank of Australia's extended pause but the Bank's rate outlook will hold the key.
Gold stays afloat despite high US yields as traders focus on Fed policy
Gold sees a modest increase, as investors watch this week's central bank meetings. Focus remains on the Federal Reserve, where a hawkish stance could potentially impact XAU/USD price while bolstering the US Dollar.
Avalanche price could rise 20% on gaming narrative ahead of GDC conference
Avalanche is an outlier on Monday, rallying while the broader market is crashing. It has outperformed Bitcoin price, as well as meme and AI crypto coins, sectors that have been thriving of late.
Australia Interest Rate Decision Preview: RBA set to stand pat after discussing rate hikes in February
The Reserve Bank of Australia is widely expected to hold the Official Cash Rate steady at a 12-year high of 4.35% following the conclusion of its March monetary policy meeting on Tuesday. The decision will be announced at 03:30 GMT.
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
Discover how to make money in forex is easy if you know how the bankers trade!
5 Forex News Events You Need To Know
In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news...
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...
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.