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Aug 12, 19 •
4485 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Accepting what you can control when trading FX is critical to your progress
You can exercise control and self control when trading, two concepts which will have a tremendous impact on the progress you make as a forex trader. Using the various controls you have to trade will ultimately determine your success. It would be delusional to...
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Aug 9, 19 •
4535 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Some essentials to place in your trading-plan
When you’re a novice trader you’ll be continually reminded and encouraged by your mentors and fellow traders to create a trading-plan. There isn’t an accepted blueprint for a plan, although there are a set of generally regarded rules most traders would...
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Aug 8, 19 •
3561 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Some essentials to place in your trading-plan
When you’re a novice trader you’ll be continually reminded and encouraged by your mentors and fellow traders to create a trading-plan. There isn’t an accepted blueprint for a plan, although there are a set of generally regarded rules most traders would...
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Aug 8, 19 •
3508 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Are you prepared to fully commit to trading in order to experience success?
As you get older you should get wiser, you also begin to realise that some key phrases you heard when you were younger can apply to any job, hobby or passion you’re involved in. These phrases can also also apply to life in general. “The secret of success...
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Aug 7, 19 •
3383 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Eliminate stress from the trading process whenever and wherever possible
It’s impossible to completely eliminate stress and anxiety from all aspects of your life. We’re constantly reminded that certain stresses are good for us. The general quotes regarding positive forms of stress we witness constantly regurgitated in the...
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Aug 7, 19 •
3419 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Ideas for improving your money management technique
Many trading mentors are fond of reciting the mantra of the three Ms of trading; Mind, Method and Money-Management. Experienced mentors will offer up opinions as to how you should rank these critical success factors. Some will suggest all three rank equally,...
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Aug 6, 19 •
3200 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Why you should consider abandoning trend-line analysis
There are many self-fulfilling prophecies involved in trading, these phenomena are especially relevant to any forms of technical analysis. Traders have a tendency to over-complicate technical trading analysis, they also have a habit of joining up dots that...
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Aug 6, 19 •
2445 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on The observations novice forex traders should record for each and every trade
Ensure that you document the precise entry point for every trade you take. Record how close to the quote your trades are filled, whether or not you experience any slippage and how consistent the spreads are during various times of the session, or during times...
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Jul 26, 19 •
2781 Views •
Forex Trading Articles, Market Commentaries •
Nidal Thuminat
Comments Off on Focus turns to the latest Q2 GDP growth figures for the USA for clues as to the direction the FOMC monetary policy will take.
FX analysts and traders will scrutinise the latest Q2 annualised GDP data for the USA economy when it’s published at 13:30pm U.K. time on Friday afternoon. The expectation is for the figure for Q2 to come in at 1.8% falling from 3.2% in Q1. If the forecast...
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Jul 26, 19 •
3800 Views •
Forex Trading Articles, Morning Roll Call •
Nidal Thuminat
Comments Off on Euro whipsaws in wide ranges after the ECB’s confusing signals, USA equity markets fall as FOMC interest rate bets fade
The euro experienced whipsawing price-action versus its peers during the afternoon sessions as the ECB announced its rate setting decision and outlined a new direction in terms of forward guidance. Rather than announce an interest rate cut in the short-term,...