This article is focused on trading EUR USD currency pair. What you are about to read is a EUR USD Trading Guide which could be extremely helpful for a lot of people who are about to begin or aspiring to start trading forex and be able to trade like a pro. Read the rest of this entry »

Talk to a Forex traders about Whipsaws and notice their face go white, you can actually notice shiver in the eyes – There isn’t a better way to explain the phenomenon called whipsaws, better than that. It’s one of those fearful, unpredictable jolts that hit the trader on his face within minutes and he loses money, and confidence in the same breath, not able to figure out why winds out of a sudden blew in the opposite direction! Read the rest of this entry »

Following Stocks Federal Reserve announcement that it will keep interest rates near zero for two more years, commodity, stock, and currency markets reacted. Read the rest of this entry »

Downslide continues in Asian and European markets. European markets breaking their own record and creating fresh lows. It’s the 8th day in a row that the London market is down with no sign of recovery. Impact is clearly seen in Asia, Germany’s DAX index was also down more than 6% at one point. Read the rest of this entry »

They say 95% of the traders lose. I think this is a very optimistic statistics. If we consider the retail traders who open small accounts like $500-1000 , then the real percentage of the losers is over 99%. This is not limited to trading, because there are similar statistics about the other businesses too. For example it is said that usually 95% of the small businesses are ended to bankruptcy or failure. So it should not be shocking to hear that 99% of the forex traders lose, because forex trading is more technical and needs more discipline, skill and knowledge than the other businesses.

However, something that looks really shocking is that almost all of the members of this “99%” group forget about the most important things, and care about so many things that have absolutely no importance and positive impact on their success. In this article, I am trying to enlighten you about the psychology and mentality of the losing and winning traders. If you are still among the losing traders, you should know and change your mentality. Therefore, you will join the winning traders. Read the rest of this entry »

Global Market be it American, European, or even Asian Market – all are experiencing the worst market sell off after mid crises in 2009. Asian markets were also reported badly hit while this report was still underway. Read the rest of this entry »