ATTENTION You've all been lied to!

Let me show you all something that will make you realise how you are tricked into thinking most forex EAs will make you rich. This EA was something I downloaded from one of the top 'forex guru' programmers.Picture 1 shows the backtest results over a 7 year period using the standard MT4 tick data (which doesn't actually give you every tick) provided by the broker. $10k apparently turns into over $660kPicture 2 show the backtest results over the SAME 7 year period using REAL tick by tick data dow

Why Part-Time Traders Do What They Do

I know how you feel, believe me. You’re more than likely still working the “real” job to pay the bills and put treats in your and your family’s mouths.Forex trading is an after-work (or maybe during work) hobby, and happens if and when you have enough strength to keep your eyes open. You haven’t gained the trading experience to take it full time, but that’s the dream. And a great dream it is.But it seems like the days are getting shorter, and there’s ne

5 Tips for Consistent Trading Profitability

If you want to make money in Forex trading and consistently do so, it’s important to review proven trading methods and techniques on a regular basis.There are always new interpretations or processes to be integrated into your current trading system but maintaining a structured approach to the market is the best way to achieve consistent returns. It is also crucial to have a precise set of rules to control your actions when positions don’t react as expected.These guidelines must be s

Turn Your Trading Weaknesses into Strengths

Suppose you’ve just experienced a huge losing streak. What will you likely do next? Are you the type of trader who becomes so depressed that you are unable to take clear forex trading signals, or are you the type of trader who’s able to easily shrug it off?No matter how long you have been trading, there is always the risk of experiencing performance anxiety. When things do not go your way, there is a chance that you’ll become overly pessimistic and see the situation as a sign

The Importance of Enjoying What You Do

It’s a common misconception that expertise in a particular field, be it forex trading or sports, is simply an inborn trait that is possessed by an elite few. This line of thinking assumes that either you’re an expert or you’re not, and that there’s no way for you to gain expertise if you’re just not born with it.While it’s true that some individuals are naturally gifted with traits or proficiency in certain fields (ex: height for basketball players or good ey

How to Choose a Forex Broker

With so many different choices out there, how does a Forex "newbie" pick a broker? Chances are most new traders have no idea on where to start - and that's okay! We're here to help! We have put together a simple three step process to help you find a broker that YOU think will best suit YOUR needs. You might be thinking now, "Three steps? That's it?" Yesssiirrrr!In the first step, you will go through some of the main questions you need ask yourself when reviewing different brokers. Then you will

FOREX - My weekly trade analysis for major currency pairs of upcoming week 10-21 Oct 16

EURUSD - This past week saw a gradual drop in price with Friday having the biggest drop and breaking a strong support level. Watch for Monday morning to have a continued drop in price, but begin to pick up back up starting either Monday afternoon or Tuesday morning. This week looks like the bulls will be in charge.EURUSD - BullishGBPUSD - At the beginning of the week we had a bullish shark pattern formed and we saw the beginning of an uptrend. The week prior saw a huge drop in price but is slow

FOREX- My weekly trade analysis for major currency pairs October 10 - 14.

This past week saw a solid drop in GBP and affected related currency pairs. I would suspect there to be more drops in the future, although the GBP will eventually rebound.Also this past Friday was NFP and we saw a large number of sharp ups and downs in just a matter of minutes which indicates a wide range of market instability.EURUSD - This past week saw a series of ups and downs, with a general consensus leaning towards a bearish market. NFP, however caused a huge spike in price which leaves l

FOREX - My weekly trade analysis of major currency pairs for week 3rd - 7th Oct 2016

Please note that this coming Friday is Non Farm Payroll or NFP... Trade with cautious.EURUSD - This past week saw no major gains or losses. I do not foresee any major differences in price movement this coming week.EURUSD - NeutralGBPUSD - This past week also has not seen any significant price action. I don't expect there to be any major news (except NFP) that will affect the price this week.GBPUSD - NeutralUSDCHF - There was a constant fight between the Bulls and Bears, with the Bulls Friday ta

Fun Facts about the Forex Industry

The Forex industry is one of the world’s most high pressure ways of making money. However, the Forex industry is full of interesting and fascinating facts, and finding out about them is a great way to relax. Here are 10 fun facts you probably don’t know about the foreign-exchange markets.The worst currency inflation everWe think that exchange rates just move a little, but not if you lived in Zimbabwe in 2008. The currency inflation rate was the worst in history, coming in at around