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Develop a habit of reviewing and analyzing

Develop a habit of reviewing and analyzing your good and bad trades. Then you will have a much better sense of what will work best in your future trades.

Trading is always full of emotions

Because trading is always full of emotions, you must have a trading strategy which includes a set of rules you stick to. This will help protect you from yourself.

software which aims at predicting future trends

While there are a lot of companies who make money by selling software which aims at predicting future trends, the reality is that if this software really worked, these companies would not be giving the secret away.

Trade wisely

There are many beginners who make trades in any direction. While there is a possibility to make profits both on the upside and downside of a trade, trading in the direction of the trend will give you the best chances for success

Invest in a good Forex trading education

The market is always changing and it may be hard to understand and keep up with these changes unless you invest in a good Forex trading education

Thursday, 9 August 2012

20:58       No comments

Forex Trading Signals for 10th August 2012


we will sell on the market rally,,,,,,for GBp/USD
"SELL" 

signal: SELL
Entry Point:  1.56370
Take Profit:  1.56000
Stop Loss:    1.56700

OR

SELL: 1.56200
T/P:  1.55600
S/L:  1.56600
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
we will sell on the market rally,,,,,,for Eur/USD
"SELL" 

signal: SELL
Entry Point:  1.23150
Take Profit:  1.22743
Stop Loss:    1.23600

OR

SELL: 1.22943
T/P:  1.22743
S/L:  1.23500
Wish you all a successful forex trading. Always remember to use your stop loss to avoid much loss on your trading account,,,

Good Luck friends,,,
One Love,,,



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10:05       No comments

SPECIAL TRADING HOURS A GOOD TRADER MUST TAKE NOTE OF


There are special (trading Hours) a good trader must take note when trading forex,,

1. 8am - 10am (Nigeria Time):-  this hours marks the trading period for European market.. at this point there is always a rush and high market movement which might go either ways,,,,,

2. 11am - 1pm (Nigeria time,,):-  the market begins to go at a slow pace depending on any economic news  release

3. 1:30pm - 2:30pm (Nigeria Time) : at this point the market begins to move fast in preparation for the New York opening bell (Trading session),

4. 3pm - 5pm (Nigeria Time) : the market moves fast in preparation for the closing hour of London(European session). At this point traders are seen placing quick trades to net in some profit before london closing session .

5. 8:30pm -  9pm: the market moves very fast in preparation for closing hour for the new York session. At this point traders are seen palcing trades to fetch in some profit before the closing hour New York session.

Wish you all a successful forex trading. Always remember that forex trading carry a high degree of risk, As such they may not be suitable for all investors,,,,
Good Luck friends,,,
One Love,,,

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00:10       No comments

Forex Trading Signals for 9th August 2012


we will sell on the market rally,,,,,,for GBp/USD
"SELL" 

signal: SELL
Entry Point:  1.56720
Take Profit:  1.56500
Stop Loss:    1.57200

 and thereafter we will BUY on the market 

 BUY: 1.56500

 T/P:  1.5700

 S/L:  1.56100

 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
we will sell on the market rally,,,,,,for Eur/USD
"SELL" 

signal: SELL
Entry Point:  1.23720
Take Profit:  1.23500
Stop Loss:    1.24000

 and thereafter we will BUY on the market 

 BUY: 1.23650

 T/P:  1.24000

 S/L:  1.23300

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