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Trading Success Psychology

Forex traders struggle because the certainty/winner’s mindset they bring into trading is bound to fail. The probability mindset is the winner’s mindset that leads to trading success.
Unfortunately for most traders, this mindset does not come naturally it must be learned. Watch the video below and learn something profound in relation to trading psychology.
I hope that this information is helpful to you as you prepare for the coming year.

Three Powerful Techniques for Changing Your Trading Psychology

#Forex Trading For Beginners and Struggling Traders

If I was just starting forex trading today or I am struggling with consistency what would be my best route?

Well, if you are new to forex trading or you are still struggling, the best route I would be to search for a mentor. Someone who trades for a living and is willing to spend their time mentoring. It is not easy to find people like this.

There are educational companies out there who only teach how to trade, but they mostly do not trade for a living. It is very important to take this into consideration.
While you may start to learn the basics online from videos and from google search, I would like to advise you to avoid forums especially if you are a struggling trader.
If you are completely new and have never traded a day in your life, then mentoring will be very good for you because you are still to learn the bad habits that make 95% of traders to lose money.
This advice will save you time and money if you adhere to it. There is a tutorial here for beginners for you to get started for free.

Market Brief from Trade View

Forex Market Updates From Trade View $50,000 Forex Competition
AUD/USD – 0.7538 ( -43 or -0.57% )

The Aussie Dollar has found support at 0.7489 and the question now remains- can this market rally higher? We will discuss this again in more detail in the MEMBER PORTAL this week.

Mon 11:30 – NAB Business Confidence
Tue 11:30 – Retail Sales (monthly)
Tue 19:30 – Annual Budget Release

For a move higher we must now see this market hold above 0.7489, followed by a retest of the key area between 0.7550 and 0.7561. A break above this level could see this market break higher and retest 0.7617; and if momentum is very strong we may see a quick move into 0.7662.

If we cannot hold above 0.7489, we will look for this market to break lower into 0.7447 before another pause. A strong break and close below this level however could mean this market sells off sharply into 0.7364.

EUR/USD – 1.1962 ( -168 or -1.38% )

More weakness in the EURO saw this market trade below the key 1.2000 level for the first time in over four months. Will the slide continue?

NOTE: Tuesday is a public holiday in France (Victory Day); and Thursday is a public holiday in Switzerland, France and Germany (Ascension Day).

Fri 23:15 – ECB President Draghi Speaks

For a sustained move higher we would like to see the EURO close above 1.2010, followed by a retest of 1.2055. Should this occur, we will then look for this market to retest 1.2167; and if momentum is very strong we cannot rule out a move to 1.2268.

If however the EURO cannot close above 1.2010, we may likely see a move back down into the 1.1929 again. A strong break and close below this level could see a further move down into 1.1834; and if momentum is very strong a move down into 1.1738 cannot be ruled out.

GBP/USD – 1.3533 ( -245 or -1.78% )

The Pound continues to sell off and has closed right near our important level of 1.3534. This week is an important week for this market and we will be discussing this exclusively in the LIVE CHAT ROOM.

NOTE: Monday is a bank holiday in the UK (May Day).

Tue 17:30 – Halifax HPI (monthly)
Thu 18:30 – Manufacturing Production (monthly)
Thu 21:00 – BoE Interest Rate Announcement – LIVE TV

For a move to the upside we would like to see a strong break and close above 1.3683. Should this occur we could see a quick move into 1.3875 before a pause. If momentum is very strong to the upside we may see a further push into 1.4075.

If we cannot close above 1.3683, we may see further selling into 1.3402 before a pause. A strong break and close below this level however could see Cable sell off aggressively into 1.3277.

USD/JPY – 109.04 ( -1 or -0.01% )

The $/YEN was strong early in the week having reached our important 109.95 level before completely reversing to finish the week flat. As such our levels remain unchanged.

For a move to the upside we must now see this market hold above 108.31, on its way to retesting 109.21. A strong break and close above this level could then see the $/YEN rally into 109.95, and if momentum is very strong we could see moves to 110.31 and 110.78.

If we cannot hold above 108.31, we could see a fast move lower into 107.75. A break below this level may result in a retest of 107.36 and this is where things get very interesting. A break below this level could mean a very sharp move down to 106.52.

Analysis on USDCAD 1600 PIPs Trade Setting Up

Category : Technical Analysis

USDCAD setting up for a 1600 PIP move

USDCAD moved down from a high of 1.3792 in May down to a low of 1.2060 in September. Price then pulled back to the 50% Fibonacci level and now has resumed the downward movement for another possible 1600 PIP move to the 161.8 Fibonacci extensions of 1.0985. This could take another 4 to five months to unfold.

This is how the hedge fund makes money.  So long-term trading gives you a high probability to make money from the markets and helps you to avoid the ups and downs in psychology and emotions that most traders face.

Besides, the broker wants you to trade a lot because they end money on your trading volume whether you win or lose.  So you can follow this trade from now with a tight stop just above the 50% Fibonacci price level.  This is a monthly chart. Take your trades off the daily charts if you don’t want to withstand drawdowns. But if you can risk 1% of your account and just allow this trade to run for the next few months. You will be surprised how little you have to do to make money from the markets. You just have to check your charts once a day after you place this trade. I will be checking this trade off the daily, just find possible areas to add to my position as the trade goes in my favor.


Forex signal

Forex for beginners

Forex trading signal on EURGBP

Category : Forex Signals

Forex trading signal: This is a high probability trade set up sent out to my pro members. You have the opportunity to trade it today. It is a long-term trade. So hold your peace, be patient and risk only 1% on any given trade.

PIP gained since June 2017
October we made a profit of 562 PIPS
September we made a profit of 1340 PIPS
August we made a loss of -201 PIPS
July we made a profit of 1004 PIPS
June we made a profit of 1027 PIPS

Don’t miss out on these high probability trade setups.

Pro Signal Now!

EURGBP is ready to move to the downside. The first target expected is .8636 and the second target is .8415. See the weekly chart below. This is still a valid trade. Pro members got in at .8870

Forex Signal

This is the exact email I sent out to pro signal members today. Don’t miss out on these high probability trade setup every week. Join our

Sign Up Today For Our High Probability Trade Signals

This is an exact email I sent out today to my pro members. Just two trades open, but a new trade for you today, yours free.
Trading Tips
Keep your risk @ 1%. Use the position size calculator below. Don’t be afraid to take losses, they are part of trading. Overcome the fear of loss by risking small percentage and sooner or later your account growth will start compounding.

Open Trades Updates:

EURGBP is now trading @ .8770 HOLD ( move stop loss to .8860)
GBPAUD is now trading @ 1.7255 HOLD (move stop loss to 1.7170)


*********************************************New Trades **************************************
BUY GBPNZD Entry: 1.9220 Initial Stop Loss: 1.9040 Target: 1.9985
(this is a long term trade)

***************************************Open Trades*******************************************
BUY GBPAUD Entry: 1.7150 Initial Stop Loss: 1.7015 Target: 1.7585
(Move stop loss to lock in 20 PIPS @ 1.7170)
SELL EURGBP Entry: 8870 Initial Stop Loss: .9035 Target: 0.8635
(Move stop loss to lock in 10 PIPS @ .8860

*************************************Closed Trades October 2017*************************
Total PIP Gain For October is: 562 PIPS Updated last day of the month
BUY GBPNZD Entry: 1.9010 Exit @ Stop: 1.9150 Profit: 140 PIPS
BUY AUDNZD Entry: 1.0966 Exit @ Stop: 1.1166 Profit: 200 PIPS
BUY SILVER Entry: 16.92 Exit @ Manual: 16.76 Loss 16 PIPS
BUY EURAUD Entry: 1.5048 Exit @ Stop: 1.5248 Profit: 200 PIPS
BUY AUDJPY Entry: 88.30 Exit @ Stop: 87.59 Loss : 89 PIPS
BUY GBPUSD Entry: 1.3255 Exit @ Stop: 1.3115 Loss 140 PIPS
BUY USDJPY Entry: 112.37 Exit @ Stop: 113.43 Loss 106 PIPS
BUY USDCAD Entry: 1.2470 Exit @ Manual: 1.2537 Loss 67 PIPS
BUY EURNZD Entry: 1.6450 Exit @ Stop 1.6650 Profit: 200 PIPS
BUY EURAUD Entry: 1.5065 Exit @ Stop 1.5165 Profit: 100 PIPS
SELL EURJPY Entry: 132.22 Exit @ Manual 132.22 Breakeven 0 PIPS
SELL NZDUSD Entry: 0.7200 Exit @ Stop 0.7060 Profit: 140 PIPS

************************************Closed Trades September 2017*******************
Total PIP Gain For September is: 1340 Updated last day of the month
BUY USDCHF Entry: 0.7925 Exit @ Stop: 0.7905 Profit 20 PIPS
BUY GBPNZD Entry: 1.8580 Exit @ Stop: 1.8380 Loss 200 PIPS
BUY EURJPY Entry: 133.31 Exit @ Stop: 133.41 Profit 10 PIPS
BUY AUDJPY Entry: 88.21 Exit @ Stop: 89.21 Profit 100 PIPS
BUY GBPAUD Entry: 1.6395 Exit @ Stop: 1.6495 Profit 100 PIPS
BUY GBPJPY Entry: 142.51 Exit @ Target: 146.55 Profit 404 PIPS
BUY GOLD Entry: 1286.22 Exit @ Stop :1336.22 Profit 500 PIPS
BUY GBPUSD Entry: 1.2935 Exit @ Target: 1.3215 Profit 280 PIPS
BUY GBPNZD Entry: 1.7839 Exit @ Stop: 1.7960 Profit 120 PIPS
BUY AUDUSD Entry: 0.7964 Exit @ Stop : 0.7970 Profit 6 PIPS

*************************************Closed Trades August 2017**************************
Total PIP Gain For August, 2017 is -201 PIPS

*************************************Closed Trades July 2017******************************
Total PIP Gain For July, 2017 is 1004 PIPS

*************************************Closed Trades June 2017***************************
Total PIP Gain For JUNE, 2017 is 1027 PIPS


Forex Trading Technical Analysis AUDUSD

To earn a consistent monthly income from forex trading is not easy, but you can keep it simple. The only way to do so is your ability to effectively read the charts and anticipate what the markets would do based on clearly stated rules that you can execute flawlessly. Today I am going to show you a trade that I sent out this morning to Pro members of my signal service. At this time of writing, the trade is still unfolding.

So you have been trading for a few months or a few years and yet you have nothing to show for it. Let me help you.

This is especially true when you feel like you’ve already tried everything…

Whatever the case, I know how challenging it can be to develop your trading edge for earning a consistent profit.

Which is why I created my One on One Mentorship training program explaining how you can achieve a consistent daily, weekly and monthly income… while eliminating any guesswork.

Anyway, here is the chart that I shared this morning with my Pro Members.


You can see the charts it is clear there is an inverse head and shoulder. This is one of the most significant reversal patterns that I look for in effectively reading my charts. You can learn how to do this too from my mentorship program. It will totally change the way you read the chart and how you look for trade setups.

USDCAD technical Analysis

Category : Technical Analysis


Technical analysis of USDCAD is revealing some big moves coming in the next few months. Complete technical analysis. A weekly or daily close above 1.3585 will negate this setup.

If you are short term trader which I do not recommend especially for new traders, then look for setups to go short on this pair on intraday charts, like 30 minutes or hourly charts.

My risk is 500 PIPS with a potential reward of 1700 PIPS within 14 Weeks. This is how the big guys make money trading forex without doing any big work. Identify great setups like this and continuously sell the highs.

If you want to learn how I find these trades and which combination of indicators I use and the complete trading plan, then pick up “Proven Forex Trading Money Making Strategy for Beginning and Struggling Traders” here

Proven Forex Trading Money Making Strategy

How to overcome the mistakes that most new traders and struggling traders make and start making real money from the Forex Market. It is not as hard as rocket science, but it is equally not as easy as you think.

Trading is tough, but those who keep it simple are those who master the art of trading. The struggles are real.

What are the struggles that most traders experience? Well, I did a survey and this is the result that came from real struggling traders.


As you can see most of these problems can be resolved if you get started with trading from a longer time frame. Get the complete information and a complete strategy to help you overcome these struggles.

If you take any strategy and focus on the daily chart, you will start seeing some improvement in your trading results.

Proven Forex Trading Money Making Strategy shows you how to overcome all these problems, including a simple strategy that allows you to look at your chart just once a day.

You can pick up my book now.
Proven Forex Trading Money Making Strategy

Forex Ebook

Tags :

Category : Forex ebooks

The 8 mistakes that beginning and struggling traders make and how fix them.

why traders fail

Proven Forex Trading Money Making Strategy

    Are You Struggling With These Mistakes?

  • Taking profits too early?
  • Allowing losses to run?
  • Changing trading strategy too often?
  • Not following your trading plan?
  • Over trading?
  • Focusing on too many currency pairs
  • Listening to the opinions of others?
  • Chasing trades?
  • If you answer yes to any of these questions then you will find the solution in
    Proven Forex Trading Money Making Strategy.

Do you enjoy trading? How many forex e-books have you read? Taking your forex education seriously is very important and planning your trading business before you get started is the key to success.

The Best Forex Trading Center company was founded in 2010 and has been providing quality forex education, resources, and highly profitable forex trading signals to clients from around the globe. We look forward to working with you. We are located in the beautiful city of Amsterdam, the Netherlands and serves clients from around the world.

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