How to learn forex l Forex strategies, courses, pairs and system l concept of risk management

Forex trading is somewhat draw attention of every speculator and investor specially the ones who has good background of stocks and bonds market

why would one be interested in Forex market as this is the biggest financial market volume wise and liquidity providers are world's biggest banks, brokers and hedge funds. So, first thing you need to do is learn the basics of trading contract size pip value its history and mode of investing.

Forex Courses to choose from while speeding up the learning process. One thing, one must bear in mind that there are no hard and fast rules as one must stay with the mentor or source forever even if it is quite hard to understand and implement whole or part of what you learn.

How I manage to start my forex trading is I built couple of demo accounts for Three majors like euro pound and jpy against us dollar future. Then I  pick the trending and pair with clear swings on daily and intraday chart. I use to find low risk reward setups on hourly and on daily and this is the reason why I pick one demo account each for scalping and swing trades.

From today 4th October 2016 I am going to prepare a special column on the right aide of blog in which I would update opportunity and setups on daily basis or opportinity wise for next 3 months. I would pick Euro dollar, us dollar futures, gold futures and crude oil futures.

By doing this,You as a reader, would have idea on how I approach my trading from starting till now and how you can pick some of the good risk reward opportinity and ignore most of the intraday traps.

Usd overnight exchange rate hints a big turn around in Us dollar futures as pound tumbles

we have seen a big downside squeeze in pound exchange rate against us dollar and in result usd overnight deposit rate squeezed to +135 bps to 190bps.

 This could be just a start of us dollar dominance in coming weeks and months as speculation on rate hikes has come to extreme and it could just be around the corner and banks have started to buy us dollar against all major currencies and targeting the weaker one of them all in the recent time and if pound keep managing to struggle against us dollar then we can soon see euro and other major currencies start following pound.

Euro dollar has been in big consolidation mide since the mid 2015 and we have not seen any big rallies that follow any spike on weekly and daily time frame but we do need to watch crucial areas as bulls can play a trick for stop hunting and any rally that fails above the recent high or any big squeeze that fails within a session or two can be a very good area to enter.

Keep watching the blog for updates and I would post chart very soon of Us dollar and euro dollar with entry exit and targets.

Useful steps to choose before choosing a trading system----See the facts you need to know before relying on traditional methods

Forex price action strategies

------Never use failure price action techniques like fibos, trendlines and candles as price never react at those levels randomnly and if you expect trendline to hold the price when it is tested then think about it again because when I have to buy some dollars I wont check if a downtrendline is provide support but rather I would use that trendline to catch stops and always look for initial breakouts failure to catch the buy stop orders and after taking the stops for long trades I will catch sell stop orders just below the retesting candle and when market catch all the stops of sell orders then once again I have the best low price to buy and that is the logic of not using trendlines to predict randomn price movements.

Price action is the only and most effective tool

for trading, not only because it helps a trader to see the higher probabilities areas of trading but also most recent price level is used which can attract lot of orders e.g News can drive the price anywhere but after targets have been met we can see starting and ending points of targets provide strong trading levels and they are much more reliable in any case because that might be the areas where large bulk orders were placed and those who are still looking to enter the market after stop hunts can look to enter at the same levels and hence giving you an area to work with which is very reliable and logic behind is very clear.

We trade fibonacci waves, harmonic patterns in such a way to catch reactions at particular level again and again but common why market take turn at those levels again and again as price reaction at those levels is not random.

We just keep on learning different advanced price action techniques but never use our brains to come out with conclusions that what are the probabilities that a paricular fibo number will hold the price and a down or uptrend line will force rejection.

Shocking truth is these fibos trendlines and candles only tells 10% of the price history but as a matter of fact I never believe that a term trendline ever exists or helps trader to take trading decisions.

But as a matter of fact breakouts. Failed breakouts and approach to certain demand and supply level or retest of a particular are the most reliable and offer strong attribution of trading facts and as a matter fact are more reliable.

Weekly Review week started 2nd october 2016 ---- Us dollar gold and euro looking for direction

Trading was quite light amid consolidatio due to profit taking during weekend and largely due to lack of fundamentals that drives the prices. I am waiting for trading to resume this weekend and as this week is another NFP week so one thing we can see is movement in USD crosses specially Us dollar future, gold and euro.

Prices of Us dollar and euro are in extended choppiness

Its nothing new in Forex trading that currencies went into deep sleep and price often do that when there is no participation by strong holders and volume behind moves are very low and spikes often got faded immediately or in next few hours and it never too far away from catching stops both ways and price start resuming trend again or even can reverse and in case of Euro price resumed its downtrend post Brexit and fall apart along with pound but has found support but approach to overall supply has been so compressive that I waiting for reaction at test of capped supply and Will look to short towards the alone origin and it could turned out to be a best risk reward deal if it behaved as expected

Us dollar can remain bearish prior to NFP Data

As far as weekly review or opportunity is concerned Euro will remain bullish and you can see buy on dips scenario but If we face relatively volatile price action for a session or two we should atleast wait for breach of strong supply or demand and in this case 1.1050 and any rejection from new highs and breach the mentioned area then we can look to sell the retests and that is the best way to trade price action.

Trade plan and strategy to trade currencies future and gold

Main purpose of this blog is always to let everybody give confidence and alert traders of possible opportunity available this week and also about technical knowledge. I always use to have one trading strategy and plan that give me clues of risk and probabbility of movement in currency in the coming week and I often keep eye on risky events and possible reason of rejections and stops. e.g this week I expect euro to show more movement as compare to its rallies in recent weeks.

Reason I am quite cirumspect because im my last post I expect price to hold recent support and that is what price has done and it holds and in such scenarios when price holds one area then it possible look for the next strong area that is holding the price up or down. As a traders you might have heard few technical terms like capping supply and retests and that is what exactly price respond to capping supply and when it retests the previous zone which hold the price up we can again look for this area to give away and then the whole context might be easy to understand. I will soon post chart on the idea what I am expecting right now and that is what forex trading is all about as it is about a plan to keep things straight and target the pairs that best suits the opportunities wise i. the coming days or weeks.

Long term updates of Euro-dollar. Approach to trading levels ---Forex trading strategies

In this article, I have taken the example of euro-dollar chart to let everybody know that price respect strong rejections and strong levels while approaching those levels and taking these into mind can really improve you as a trader, and when you have similar things in mind then You are surely going to approach every trade like a pro.

Euro dollar sitting on strong level of 1.1150-1.1190

Last week we had a test of 1.1110 and that level was faked out with a rally above 1.1190 and since the time pair has breached that level we have seen strong rejections out of the level and reason been not too many traders or institutions interested in trading these levels and they trap traders with trendlines, fibos and patterns and recent downtrend line could set another example of rejection getting bought out strongly once again and we will see rally towards 1.1390 area once again and we can again see downside rally towards 1.1100 area, and we will see how price behaves on those levels to make them possible tradable opportunities.

Us dollar Futures and Federation policy---- A strangulation for traders

It has been quite a while since federation has hike the rate in sequences but It has been while since last fed make any changes in policies and that is why US dollar futures has been in ongoing extended consolidation, and there would be no changes whatsoever till we start the next financial year and trader fed will have enough data to rule out any further hike or give traders what they want. But talks of december hike is again on the cards and it has been quite a long way to go and we can witness fall in US dollar till we got firm indication from FOMC that rate hike sequence is just about on its way.

Wait and watch policy for US dollar traders and don't expect anything

We can witness bit panic rallies today from on 21st of September 2016, but I won't expectation anything more than retail traders panic rallies and don't think any institution or banks would enter the market and make those rallies much smoother one.
I still waiting to federation to be more dovish today and area of 96.40-50 hold any upside rallies and then we can soon witness US dollar to find headwinds and rally towards 94.90 area and I would post a video and update If we don't see upside rallies which break through 97.10 area, but I have never witness such extended consolidation and may be us election could be the prompt reason that come to my mind and that is how I approach my trading activity and hence we still can see downside rallies towards the mentioned target and today retreat from higher levels could just be the start of downside in coming weeks or even months.

Also watch out for RBNZ rate decision couple of hours after FOMC

Reason of failure in Forex --- Trade Possibilities not expectations

There would be certain eyebrow raised when you read the title of this article. But there is lot of difference in expectation and trading possibilities and that is why lot of traders do tend to fail and most probably 90% of the traders fail and the reason being not on the right track but keep looking for assistance of indicators fibos trendlines but do you really thing there is any need of such tools to be used in trading or chart tells you different story altogether when you just look to see what is being presented to you.

Reason of me ignoring mechanicals systems like EMA's RSI and Fibos

I started trading in 2009 when I was presented with certain methods of predicting the price and different failure mechanical system brought me to the reality and wonders of Trading and I started feel about the system being controlled by few bunch of individuals providing liquidity and facilitate trading but there has to be few ways where they trap retail traders and I started working the real manipulation of trading and found the real way of trading and meet few individuals who thought the same way like I do.

Gold Index futures technical analysis and long term view

I have several plans to trade gold in the long run and I would still think that gold has fair way to go to the upside before it crashes down once again But I trade possibilities but not expectations as it is mention in the article heading as well. I have prepared a special chart video at the end of this article which will show How to approach trading and use technical for your own benefit but if you don't consider risk reward and money management techniques then You should take a closer look at this chart.

How I manage to apply money management rule in my recent trade setup of gold futures

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When you see price spiking off the consumed demand or even climbing after engulfing the source the most probably it will fall of the new supply or even ignore demand and supply level historic levels or levels where price had history and that is what Gold has done and after engulfing the source of the upmove price has rejects off the capped supply and Now I would watch closely how price behave of 1302 and 1351 levels and inbetween there are no trading levels.