Thursday, August 23, 2018

Trading Motivation 2: Failure Is Inevitable But Success Will Be Evident

Failure is inevitable but success will be evident. Forex Trading Motivation

"Losers quit when they fail. Winners fail until they succeed." 
- Robert Kiyosaki

When babies start to learn to walk, they don't mind falling several times. They will surely get up as soon as they stumble down. They don't even show any hint of weakness as if they had not fallen a hundred times already. They always have the courage to get back up and start trying to walk again even if they don't know when will they be able to walk straight. They already know what it takes to be successful. In fact, as they learn how to walk, they already achieved their first success.

Everyone has gone through this stage. Every person has already succeeded in life.  But somehow there are still a lot of people are afraid to fail. How come as we grew older, we fail to realize that we already are a success?

Thursday, August 16, 2018

Trading Motivation 1: Focus! Never Stop Trying!

Focus! Never stop trying! Forex Trading Motivation

"I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that's why I succeed. " - Michael Jordan

In trading, the moment you start, you must accept all the challenges and consequences that it might bring into your life. You must accept that this profession is one of the hardest to master. You must accept that if you fail and burn out your account, people will think that you are a failure, a gambler or someone who do things hastily and does not think thoroughly about the important things that should be considered first before entering into such a venture.

Wednesday, August 15, 2018

Is Trading A Gambling?

Learn how to trade Forex.
Often times, people have a lot of misconceptions about trading that leads them not to be able to enjoy the opportunity to earn from it. These people are often times, those who have not experience trading themselves yet. People who have close minded mentally thought that investing in such activity is like gambling or get rich quick scheme or such alike. If you are a beginning trader and you have families or friends that are skeptical about trading then I advise you that you should let them read this article because it will clear up their skepticism about trading. Read on...

Monday, August 13, 2018

How to Identify Support and Resistance

The most fundamental concept a beginning trader should learn after learning to read the chart is how to identify support and resistance. Every technical trader knows this and you also need to learn support and resistance if you want to become a consistently profitable trader. 
Learn how to identify support and resistance
                                                    click the photo above to enlarge

Support and Resistance might the simplest concept you will learn about technical analysis but I guarantee that If you master this concept alone you won't need any other tools in order to succeed in the Forex Market.

Sunday, August 5, 2018

How To Read A Chart Like A Professional Trader?

Technically, the most fundamental knowledge every beginning trader should need to learn.
A chart is like a road map every traveler needs to carry along with them in order to reach their destination.

What is a Chart?

A chart shows the movement of price or price action over a period of time. Just like the roadmap example above, traders need a technical chart in order to have higher probability forecast of the market's direction. The chart is the number one tool in Technical Analysis. Without a chart, a technician or a technical trader has a lower probability of winning a trade. Let's take a look at the 3 types of charts.