Before analyzing the currency pairs, I’d like to talk about one of the most common mistakes that forex and also stock traders make. I have already made the same mistake several times and I still make it if I enter to a trade before enough analysis and correct prediction. This common mistake is selling above the support line and buying under the resistance lines. A support line is a line that doesn’t let the price goes lower. So if you sell short when the price is retesting a support, it is highly possible that the price goes up. A resistance line is a line that doesn’t let the price go higher. So if you buy, the price may go down. Read the rest of this entry »

The best currency pair to start trading is a currency pair that has a small spread and sharp and strong signals. So EUR-USD is the best. Most brokers charge 2 pips when you buy EUR-USD and recently I have seen some brokers that charge even less than one pip.

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Hello my friends

I hope you could receive my last two days reports and act according to them.

Tip of the Day:

The title of today’s report may have made you surprised but most of you know what I mean. We are all personal traders and the amount we buy or sell individually, doesn’t have any significant impact on the market direction. We simply follow the signals and trends. Our action doesn’t let any of the other traders lose any money unless they act against the trend. So if everybody follows the trend and market he/she will not lose and everybody can collect his/her profit. Read the rest of this entry »

Hello my friends

The market was volatile and suitable for intraday trading. I hope you could use the opportunities.

I have been thinking about the ways that I can keep on publishing the daily reports and I became realized that I should get focused on one currency pair (Eur-USD). Analyzing and reporting so many currency pairs is so time consuming and tiring and if I do it again I will have to stop blogging after a while. I became more confident about this decision when one of the weblog users (John - ForExcellence) also suggested me to focus on one pair. I appreciate his assistance.

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Hello my friends

So I am back to blogging. I have explained why I stopped blogging and why I have started it again here. I hope I can keep on publishing the reports.

I have also published some new articles that you may like to read:
- How I Tripled a $500,000 Forex Account in 6 Days
- What Thomas Edison Can Teach You about Trading Forex
- Vahid’s Daily Forex Market Analysis Will Be Back!

I have linked to all my forex trading articles here. I am trying to write more forex training articles and make a complete training reference for those who are interested. I don’t know how long does it take but I try to write one or two articles per week.

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Yes; I really did it

I signed up for a $500,000 demo account with 1:500 leverage on May 26. I felt I like to have some challenging. I have never worked with such a risky leverage (1:500). So I just wanted to have some challenging and test my abilities. We all need it every now and then. Even the most professional and successful traders need to have a demo account at the side and practice the new ideas and systems with it. It will help you a lot to know yourself and your emotions better. Read the rest of this entry »

Thomas Edison is one of the biggest inventors we know. His inventions made big improvements and progressions in human life. They say he has more than 200 inventions. Was he genius? Definitely he was not an ordinary person but this is not his success secret. There are thousands of genius people but they have not and will not make any changes in anybodies life - even themselves.

What made Thomas Edison a different person? How can you copy him in your life and business? What you can learn from him to improve your Forex trading business?

Let’s know Thomas Edison more through his quotes and I will tell you how you can follow him in forex or any business that you have.

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Hello my friends

I have not published any report since 11 February. Before anything I want to thank you all for your emails and kind words during the past a few months. I love you all.

I know you are eager to know why I stopped publishing the daily analysis and other articles on this weblog.

Well! It is too hard or impossible to be a forex trader, the father of two mischief kids, a husband and a blogger at the same time. I put a lot of pressure on myself during the past few months and so I became collapsed suddenly. I really felt that I had to stop blogging for a while.

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