We will try to understand trading behaviour, understanding trading performance, start to think a little bit about how we make decisions. I will give you few practical strategies that you can start implement today to reduce the amount of energy you ...

The Making of a Trader

Trading Psychology Trading Psychology is the most important element in trading, and most retail traders ignore it and that why they lose money. So we will take you through psychological concepts that will be key to your trading success. Getting in ...

The Making of a Trader

How to use Dollar index for FX USDX will give you an idea of the relative strength of the US dollar around the world. In fact, when the market outlook for the U.S. dollar is unclear, more often times than not, the USDX provides a better picture. ...

The Making of a Trader

Identify the sentiment. All professional traders use real-time news feed and research analyst reports to give them an edge when it comes to deciding where the market should go next. The news feed is there for you to feed you information about what ...

The Making of a Trader

Market Sentiment. Sentiment is the mood of the market. It can change quickly for many reasons. If you are short term trader then the sentiment is going to be your primary concern when trying to analyse the market and identify trading opportunity. It ...

The Making of a Trader

Central bank wants to reduce the amount of surprises the market experience. An unknown something is the more reaction will get. Central Banks release statements and forecast regularly by their websites , traders focus on certain words within the ...

The Making of a Trader

Central Bank Tools. Understanding this will help you interpret news reports and research articles each day and become tuned into markets and actions that bank takes in such a way to be able to take advantage. Reserve Requirements. The central bank ...

The Making of a Trader

GDP. GDP is growth indicator, this represents the big picture of economic health and is important to all major central banks. GDP represents the total production for a country. Real GDP is simply inflation adjusted to take into account change in ...

The Making of a Trader

Thank you for your interest so far. Now we will look at economic indicators. Economic Indicators. Economic Indicators are trading analysis for central banks and traders. Once you get a feel for each bank and how important are they focusing on each ...

The Making of a Trader

Central Banks. The primary objective of any Central bank is to provide country's currency and price stability. Federal Reserve (FED) is the most important bank in the world, 70% of FX transactions. Within the FED there is group of people called ...

The Making of a Trader

Commodities The relationship between commodities and currencies is based on how prices of commodities will impact the overall performance of the economy of nation wich is producing it or importing it. Canada is major producer of Oil and if prices ...

The Making of a Trader

First I will explain Fundamentals. Forex fundamentals revolve on Central Banks and markets expectation what that bank will do next. The bank uses economic indicators to keep everything stable. Fundamentals are the big picture- driving the price for ...

The Making of a Trader

The odds of being profitable over time increase when your focus is on process execution, not on outcome of the trade.

50 to 22000 in one week

Do what the 95% rarely do: Focus questions on a process, mindset, probabilities - not price predictions. It’s an unnecessary exercise.

TRD

You'll know that you are trading as a professional when your reaction to a loss is the same as a win: Neutral, Calm, Focused on what's next.

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