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15 Tips to Help You Become a Better Forex Trader
By
lewisbarber, in Forex
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By millonmethod
Hello everyone!
I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
I am going to give you some tips that you must know:
There are going to be many people who tell you that trade is easy, that with only crossiing a line with another one you will win a lot of money.... and that´s not true. No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS. If you have the knowledge to develop it, take your time and do it. Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!! Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!! IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
Have a nice trading day
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By jason.lee
How to reduce eroding Forex slippages? Slippage is more likely to occur in times of higher volatility (perhaps due to market events) and it makes a market order at a specific price impossible to execute. Such times are when large orders are executed, when market orders are used and when there is not enough interest at the desired price level to keep the expected trade price.
Slippage is neither negative or positive movements, it is simply the difference between the expected purchase price and actual executed price. Since the corresponding securities are bought and sold at the most favorable price available, an order can result differently. In this situation, most forex dealers will execute the trade at the next best price. In forex world, the market prices changes fast and the slippage happens in times of delay between the order placed and its completion.
Slippage is the difference between the expected filled price of a trade and the actual price filled. In other words, when your trade is executed at a worse price than requested, so it is “slipping” from the original order price. It happens between the time that a trader enters the trade and the time the trade is made. It can happen to everyone in any given trading market; stock, currency, or commodity.
This may be caused by an ineffective broker, increased liquidity and fast market. The forex market is very liquid and there are limited amounts of slippage.
Share your Idea Please
Thanks!
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By FXTechstrategyT
EURUSD: Backs Off Lower Prices, Eyes More Strength
EURUSD: The pair looks to extend its recovery triggered the past week in the new week. On the upside, resistance comes in at 1.1750 level with a cut through here opening the door for more upside towards the 1.1800 level. Further up, resistance lies at the 1.1850 level where a break will expose the 1.1900 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further upside pressure.
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By HFblogNews · Posted
Date: 5th February 2025. Stock Market Drops as US-China Trade War Escalates; Gold Hits Record High. Futures for US and European stocks retreated, shrugging off gains in Asian markets as investors assessed the latest earnings from Wall Street tech giants and growing concerns over the US-China trade war. Gold prices soared to an all-time high, continuing a nearly 1% rally from the previous session, as escalating trade tensions drove demand for safe-haven assets. Global Stock Market Performance Euro Stoxx 50 futures declined 0.4%, while S&P 500 futures slipped 0.5%, weighed down by post-market declines in Alphabet Inc. and Advanced Micro Devices Inc. Asian stock markets advanced for a second straight session, though Chinese equities fell as the market reopened after the Lunar New Year holiday. The yen strengthened against the US dollar, while gold surged on increased risk aversion. Tech Stocks and Trade War Concerns Asian technology stocks mirrored their US counterparts’ gains, but investor sentiment toward China remained cautious. Markets reacted to Beijing’s swift but measured retaliation after the US imposed a 10% tariff on all imports from China. Compared to the aggressive tit-for-tat measures during Trump’s first term, President Xi Jinping appears to be taking a more calculated approach. US Jobs Report and Federal Reserve Rate Policy The US 10-year Treasury yield declined alongside the US dollar index, after data revealed a larger-than-expected drop in job openings for December, hitting a three-month low. The weaker US labour market data reduced fears of aggressive Federal Reserve rate hikes, pushing the US dollar lower and creating a favourable setup for Asian markets. Investors now turn to the US ISM services report for further clues on the Fed’s rate policy, with analysts expecting a slowdown in activity due to winter storms and wildfires. Trump Signals No Urgency for US-China Trade Talks President Donald Trump told reporters he’s in no rush to negotiate with Chinese President Xi Jinping, stating that he’ll engage in discussions “at the appropriate time.” Market analysts are concerned that prolonged uncertainty over trade negotiations could lead to increased stock market volatility, especially in China. Despite the delays in trade talks, Trump has shown that he is willing to negotiate, so markets will continue to watch closely. In a surprising move, the US Postal Service temporarily suspended international shipments from China and Hong Kong. While the reason remains unclear, the suspension follows Trump’s repeal of the de minimis rule, which previously allowed small Chinese shipments under $800 to enter the US duty-free. US-China trade tensions remain a major market risk and if both sides delay their tariff measures, markets will respond positively, but further escalation could trigger renewed volatility. Gold Prices Surge as Investors Seek Safe Havens Gold prices skyrocketed to a record high of $2,861 an ounce, fueled by concerns over trade disputes, geopolitical instability, and potential inflation risks. Beijing’s measured response to US tariffs was notably softer than its previous retaliatory actions, yet investors remain cautious about its long-term effects on global trade and monetary policy. Adding to market uncertainty, Trump proposed a US-led reconstruction plan for Gaza, further fueling demand for safe-haven assets like gold. The gold market is benefiting from rising geopolitical risks, including US-China trade uncertainty and tensions in the Middle East. Regardless of US dollar movements, gold demand remains strong. US Dollar Weakens Amid Market Uncertainty The US dollar continued to weaken, extending Tuesday’s 0.7% drop following disappointing US jobs data. A weaker dollar generally boosts gold and commodity prices, making them more affordable for international buyers. Spot gold gained 0.7%, trading at $2,861.22 per ounce as of 6:29 a.m. in London. Meanwhile, silver and platinum also advanced, while palladium declined. Even before the latest US-China tariffs, the precious metals market was experiencing heightened volatility. Gold and silver prices in the US surged above international benchmarks, leading to a rush of large-scale shipments into the country ahead of potential tariffs. The uncertainty also caused a spike in lease rates for gold and silver, as traders scrambled to secure short-term loans for metals stored in London vaults. Crude oil prices slipped, as global growth concerns stemming from the trade war overshadowed the impact of new US sanctions on Iran. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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