why have chosen your broker ?

The newcomers always fall a great trouble when choosing a broker, because in this retail market place there are almost thousands online broker are available and most of them are found to be scams. By the way , as a newcomer I have chosen LQDFX which is more appropriate to the concept of trading I always use. I always depend on lowest trading spreads for using my trading approach scalping. that’s why I have chosen this STP trading platform due to 0 pips comfortable trading spreads. so, my trading life is very much comfortable now.

why have chosen your broker ?

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Scalping and Broker

If you want to make profit b y scalping, first of all you have to ensure the lowest trading spreads. devoid of lowest trading spreads that’s not possible at all to make profit by scalping at all in spite of good trading knowledge.

Scalping and Broker

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some important for Forex trader

In Fx trading we the traders should choose the right broker that is more appropriate to the concept of trading that will be used , if you love scalping should choose the broker that allows trading concept such as this. As a scalper now I am with LQDFX which is real STP execution trading platform and permits scalping including lowest trading spreads from 0 pips. By using this narrowest trading spreads I am able to scalp freely for all time.

some important for Forex trader

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Weekly Trading Forecasts for Major Pairs (May 22 - 26, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair went upwards by 290 pips last week, putting greater emphasis on the recent bullish bias that has formed this month. Price closed slightly above the support line at 1.1200 on Friday. The bullish momentum is currently strong, and the resistance lines at 1.1250, 1.1300 and 1.1350 may be tested this week. This however, does not rule out possibilities of pullbacks in the market, because EUR would rise against some currencies while falling against others.

USDCHF
Dominant bias: Bearish
USDCHF plummeted last week, losing 280 pips and closing below the resistance level at 0.9750. Price has fallen by 340 pips since May 12, and further fall is expected this week. The support levels at 0.9700, 0.9650 and 0.9600, may be tested this week, owing to the Bearish Confirmation Pattern in the market. USDCHF would continue to trend southwards as long as EURUSD journeys northwards.

GBPUSD
Dominant bias: Bullish
GBPUSD was able to maintain its bullishness last week. The market closed above the accumulation territory at 1.3000 on Friday, going towards the distribution territory at 1.3050 (which may be tested or even breached to the upside). On the other hand, there is also a possibility of a deep bearish correction this week, because bearish movements may occur on certain GBP pairs, and the ripple effect may affect GBPUSD.

USDJPY
Dominant bias: Bearish
The market went bearish last week, thus invalidating the bullish signal that was formed earlier this month, and creating a new short-term bearish signal. Price has dropped roughly 290 pips last week, slashed the demand level at 110.50, and closed above the demand level at 111.00. The demand levels at 110.00 and 109.50 may try to reject any meaningful bearish movement, for the outlook on JPY pairs is bullish for this week. Some form of reversal may be witnessed in the market.


EURJPY
Dominant bias: Bullish
This cross pair is still bullish, while being volatile in the long-term. Price has formed a zigzag pattern in the market: It went up on Monday and Tuesday, came down on Wednesday and Thursday, and then went upwards again on Friday. The present “buy” signal can push price towards the supply zones at 125.50, 126.00 and 127.50. These targets might even be exceeded, especially given the expected bullish movements on JPY pairs.

This forecast is concluded with the quote below:

“New and creative trading ideas are important for a trader to be able to stay ahead of the crowd, so doing whatever you can to prepare your mind to consider new ideas will help to develop creative trading strategies that are essential to profitable trading.” – Joes Ross


Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (May 22 - 26, 2017)

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Facts behind the low success rate in forex trading

Forex market is very big. It is larger than the stock markets. In this market, trillions of dollars are flowing into this market every day. Despite there are millions of buyers and sellers in the Forex market, only a few are successful. It is not very surprising that only a few traders could go to a home with a profit. Most of the times, there are many traders and most of them also lose. It is very few traders who are making consistent profit in the market. Forex market is large, but it does not have anything to do with the success of traders. Individual traders trade their money in this market and most of them have different results. Most of them lose in this trillion dollar market. However, if you look at the expert traders at Saxo then you will notice that most of them are making a decent income in every single month due to their solid knowledge in this industry. So if you truly want to develop yourself as a professional trader make sure that you learn the art of trading very precisely.

Why do traders lose in a big market?
Traders lose in this market because they thought that they can get money if they place a trade. There are many buyers and the market is moving, if they place a trade, they can make a profit. For this reason, many traders place a trade on the market without thinking and they lose. The market does not move the way you think. Understanding the Forex market takes years of analysis. You cannot place a trade on the market because your heart tells to place a trade. You have to understand the market. If you look at the professional traders in the options trading industry then you will notice that every single one of them has spent a huge amount of time in mastering the trading. So if you truly want to become a profitable trader in the forex market make sure that you follow the footstep of the expert traders.

High volatile market
The market is also volatile. When you are trading in the Forex, you have to understand the risks of capital. You are trading with money and this money can never return. If you are not trading with a strategy, you will lose in the market. Most traders do not develop a strategy. They read some strategies in online and take some online courses by Forex masters. In this market, you have to continue your learning and developing your strategy. This market constantly evolves. You cannot sit idle in your chair after you have developed a strategy. You have to develop your strategy and practice the developed strategy in your demo accounts. After opening a live account, traders do not practice in their demo account. You also have to patient in order to make money in the options trading industry. You cannot make money by overnight. Most traders are not patient and they lose their money in the market. You also have to be consistent in your profit. Make a consistent profit to make money in your trades on the market.

Strict trading discipline
Trading the financial instrument is all about maintain strict trading discipline. The professional traders in the options trading industry often have many losing trades in the market but all of their losing trades are managed loss. Unlike the expert, the novice traders randomly execute trades in the market with high lot size and blow their entire trading account. It’s true that sometimes they will have large winners in the market but in the long run, they will never become a successful trader.

Facts behind the low success rate in forex trading

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Weekly Trading Forecasts for Major Pairs (May 15 - 19, 2017)

Here’s the market outlook for the week:

EURUSD
Dominant bias: Bullish
This pair is bullish in the medium-term, but neutral in the short-term. Price tested the support line at 1.0850, closing above the support line at 1.0900 on Friday. A movement above the resistance line at 1.1000 would strengthen the existing bullish bias, while a movement below the support line 1.0700 would threaten it. This week, further pullback is possible, but EURUSD would not go really bearish until the support line at 1.0700 is breached to the downside.

USDCHF
Dominant bias: Neutral
USDCHF moved upwards by 230 pips last week, almost testing the resistance level at 1.0100, and then pulled back towards the support level at 1.0000. The upwards movement of the first few days of last week has overridden the last short-term bearish signal, and the pullback that was seen on Friday has scuttled the bullish effort of last week. Both the bull and the bear would not gain upper hand until price goes seriously out of balance. A protracted movement is needed to form a directional outlook.

GBPUSD
Dominant bias: Bullish
The outlook on the Cable remains bullish, though price consolidated throughout last week. Further consolidation could result in a neutral outlook. The accumulation territory at 1.2850 has been tested and it may be breached to the downside. The current price action shows more and more noticeable weakness in the bullish trend, thereby increasing chances of a large pullback this week, especially when the accumulation territories at 1.2850 and 1.2800 are breached to the downside.

USDJPY
Dominant bias: Bullish
This trading instrument initially went upwards last week, briefly going above the demand level at 114.00. Price got corrected lower by 80 pips on Thursday and Friday. The bias on the market is bullish, and it would remain so as long as price does not go below the demand level at 112.00. There is a possibility that the supply levels at 113.50, 114.00 and 114.50 would be targeted this week.

EURJPY
Dominant bias: Bullish
EURJPY went sideways last week, in the context of an uptrend. There was a movement between the demand zone at 123.00 and the supply zone at 124.50. A rise in momentum is anticipated this week, which would emphasize the current Bullish Confirmation Pattern in the market, especially when the supply zone at 125.00 is overcome. The bullish bias would be jeopardized when price goes below the demand zone at 122.00.

This forecast is concluded with the quote below:

“I’ve always believed that on every trader's journey, emotions are nice companions but lousy guides…This phrase is meant to remind us that life would be pretty darned boring if we never experienced any emotions. But more importantly in trading, decisions made when we are in a non-productive emotional state will likely produce results we don’t like. That’s where a great trading system comes to the rescue. It gives us a framework to calmly and coolly evaluate situations and make the right moves…” - D.R. Barton, Jr.


Source: www.tallinex.com

Weekly Trading Forecasts for Major Pairs (May 15 - 19, 2017)

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important tips

All important trading tips indicate to make sure a credible broker which always ensures a secure trading environment for trading. Because for leading a comfortable trading life first of all we have to ensure the security of funds. That’s why from my first day of trading I have been using LQDFX due to guarantee my funds with certainly. Actually this STP trading platform ensures a wide range of trading technologies including security of funds at any kinds of investments, that’s why I always feel secure and comfortable when trading.

important tips

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