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.