Any Forex trader with even the smallest amount of trading experience will understand how much of a crucial role trading psychology plays in your trading success. Forex trading is one of the toughest, if not THE toughest mental challenge you will ever face in life. You can get two traders, give them the same set […]
Latest Market Commentary
The GBPJPY market produced an early Asia session breakout trap which caused a bullish rally to fail and collapse in on itself. The market is now looking very bearish as the New York session comes online. If the market continues to move lower and breaches the previous day’s low, then we can consider short positions […]
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In this article we are going to cover some of the real issues on why such a high percentage of new traders fail in this profession. Let’s be honest, if you’re involved in trading of any sort already, then you will be guilty of committing at least half of these points mentioned below at some […]
During our years of involvement with Forex trading we have come across many other fellow traders that we have become acquainted with or just simply observed from a distance amongst various trading communities. Some of these traders evolved into profitable full time traders, others unfortunately became another bad statistic. This article is going to tell […]
Have you ever had a feeling that some greater power in the market has singled you out and is doing everything in their power to make your trading life a misery. Because it seems every time you enter a Forex trade, almost immediately you find the market reversing on you? The market is probably just […]
Trading can be fun, mentally stimulating and rewarding on many levels. But you shouldn’t mistake it for the slot machine down at the casino. We’ve all come across traders who are addicted to trading, and many of them even have somewhat of a structured trading plan (surprisingly). However, when it comes to managing their capital […]
When traders first begin their trading journey they are generally not prepared, or even aware of how much of a psychological challenge trading really can be. There are so many psychological and emotional traps in the market which will draw you in, brainwash you then spit you out before you’ve even realized what’s happened. The […]
A particular line of phrasing that I’ve seen thrown around time and again amongst groups of currency traders is, “Country X’s debt is SO high, their currency is going to go for a dive”. I’ve always found this particular line of reasoning to be incredibly plebeian at best, and hazardous to a trader’s account balance […]
Forex trading systems come in a variety of complexities, you get those on one end of the scale which are built on heavy mathematical engines, while others are more simplified in nature. Our stance at ‘The Forex Guy’ is, “simple is the better approach” in the markets. There is no better way to approach the […]
Many people have a very distorted concept of trading the Forex market, particularly the new guys on the scene (who in all fairness don’t know any better). But there are even experienced traders still being continuously burned by these expectations and demands they of the market. Generally speaking, most people have generic ‘expectations’ of what […]
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- Graham Blackmore said Everything is going to look fast moving on the 5 m...
- Leonel Ruiz said I used to trade the Emini but i found it a very f...
- Radi Cholakov (@RadiSpeculant) said Looking really intresting