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Experiencing losses is as much part of forex trading as winning trades. Unfortunately, a lot of traders take losses personally and they end up reacting to their losses by taking revenge trades. Revenge trading is mainly driven by the fear of being wrong...
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Sherif Hasan, 19 June 2016, 07:15
A Greek philosopher once said that “the only thing that is constant is change.” This adage is never taken for granted in the world of forex trading. The nature of the industry doesn’t make room for those who are too set on their ways...
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Sherif Hasan, 19 June 2016, 07:14
Losing streaks aren’t uncommon in the trading world. Every forex trader at one point or another hits a losing streak. Trust me, even the most consistently profitable pros have their slumps. A slump can start with anything...
Analytics & Forecasts
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Sherif Hasan, 19 June 2016, 07:14
If you can't get enough Brexit polls ahead of the June 23 referendum, you're in luck...
Market News
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Sherif Hasan, 19 June 2016, 07:10
I’m pretty sure that most of you know what it feels like to be “in the zone.” Whether it’s in trading, sports, or in a contest wherein you have to come up with the best pick-up lines, it feels as though the stars align and the whole universe conspire to make you feel better...
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Sherif Hasan, 19 June 2016, 06:22
While I’m a big fan of allotting time and effort to improving your trading strategies, I also believe that too much trading could do you more harm than good...
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Sherif Hasan, 19 June 2016, 06:21
If you’ve been reading about the forex industry long enough, then I’m sure you’ve found tons of offers from forex-related discussions, Google searches, and even your Facebook feed on “Holy Grail” trading systems that claim to be easy, cheap, and are guaranteed money-makers...
Trading Strategies
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Sherif Hasan, 19 June 2016, 06:20
We’ve got a couple of central bank statements this week, one of which is the BOC monetary policy decision. If you’re thinking of grabbing pips during this event, make sure you take note of these factors first. 1. Economic data turning a corner...
Trading Strategies
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Sherif Hasan, 19 June 2016, 06:20
We’ve been getting a lot of questions in the forums and in our Twitter and Facebook pages about some economic reports and why forex traders think they’re important. Worry not, young Padawan. They’re easy enough to understand if you look at the big picture...
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Sherif Hasan, 19 June 2016, 06:18 #fundamental analysis
When starting a new hobby or endeavor, it’s easy to get suckered into buying things that you think you need but eventually find that you don’t, at least not in the beginning...
Analytics & Forecasts
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Sherif Hasan, 19 June 2016, 06:18
EURUSD (Update from my last post May 28, 2016) - Trend-line Rejection after two weeks of retracement, Now we are looking for price action signal at lower timeframe to open buy position. Possible Target nearest resistance level @1.14600...
Analytics & Forecasts
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Joseph Carlo Pioquinto, 19 June 2016, 04:27
First, a review of last week’s forecast: – making a forecast for EUR/USD, both experts and technical analysis unanimously voted for a sideways trend with a bearish sentiment, which was 100% fulfilled – discrepancy between the levels of the beginning and the end of the week made just around 20 poi...
Analytics & Forecasts
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Sergey Ershov, 18 June 2016, 22:43 #usd/jpy, GBP/USD, EUR/USD
One of the more useful skills for forex trading is knowing when to press your advantage. Pressing your advantage may be in the form of increasing reward-to-risk ratios by adding to winning positions or even just logging in more trades...
Analytics & Forecasts
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Sherif Hasan, 18 June 2016, 21:50
Why do you trade forex? Let me guess… Because you want to make a ton of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account’s destruction...
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Sherif Hasan, 18 June 2016, 21:42
Having a profitable strategy is only a part of what makes forex trades profitable. The other part? Execution. If you find that you’re having trouble with your trading mindset today, then this list is for you...
Analytics & Forecasts
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Sherif Hasan, 18 June 2016, 21:39
In one of my older entries, I’ve highlighted the main differences between MT4 and MT5 to help y’all decide which platform you should use. Just recently, MetaQuotes Software Corp CEO Renat Fatkhullin has been encouraging traders to shift to the latter because of its new features...
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Sherif Hasan, 18 June 2016, 21:37
Forex trading, at the very least, requires you to deal with risk and the unknown every single day. Because of the uncertainty surrounding trading, you will most likely encounter events that may change your comfort level, aka “stress you out...
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Sherif Hasan, 18 June 2016, 21:32
Forex traders who want to be consistently profitable know the importance of tracking the rights and wrongs of the trades that they take. Unfortunately, the impact of the trades that they DON’T take is too often overlooked. Traders are no strangers to missing good trade opportunities...
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Sherif Hasan, 18 June 2016, 21:28
What the heck does the phrase “sell in May and go away” mean and can it translate to forex trade opportunities? Here are points that you need to know. What the heck does “Sell in May and Go Away” mean...
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Sherif Hasan, 18 June 2016, 21:25
Expectations are our own personal version of the future. Using your knowledge of how an environment functions, you project into the future what you believe to be true. Expectations also bring emotional highs and lows...
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Sherif Hasan, 18 June 2016, 21:20