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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...
Other
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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...
Other
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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...
Other
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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...
Other
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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...
Other
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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...
Other
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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...
Other
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Sherif Hasan, 18 June 2016, 21:20
Setting expectations can be a wonderful tool for traders. They provide benchmarks to help us ultimately determine success and failure, and they also give us goals to work towards. However, we must be careful in setting our expectations...
Analytics & Forecasts
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Sherif Hasan, 18 June 2016, 21:16
In learning how to trade, I think most, if not all, traders would agree that you need to involve yourself in various educational processes...
Other
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Sherif Hasan, 18 June 2016, 21:12
Have you ever entered a trade wherein you thought that you have prepared for every scenario only to be blindsided by an unforeseen event? If you have, then you, my friend, have been ambushed by the markets! Don’t worry...
Other
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Sherif Hasan, 18 June 2016, 21:09
Thanks to technological advances, more and more people now have access to their own forex trading platforms. Nowadays you can open your own trading account with only a small deposit and a few days of waiting...
Other
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Sherif Hasan, 18 June 2016, 21:04
It is often said that, when it comes to trading, you should play your strengths. Most trading psychology articles, however, focus on minimizing weaknesses rather than identifying and improving one’s strengths...
Other
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Sherif Hasan, 18 June 2016, 21:01
Much has been said about the importance of mastering your trading psychology. And though there are many different ways to accomplish this goal, perhaps the most practical and effective way of doing so is by keeping a psychological trade journal...
Other
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Sherif Hasan, 18 June 2016, 20:59 #trading system
We’ve often talked about how your body is your most important tool in trading. Consistently profitable trading requires focus and you’ll need your mind and body in top form to execute your strategies flawlessly...
Other
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Sherif Hasan, 18 June 2016, 20:56