Author - Rimantas Petrauskas

1
6 Hardest But Very Important Decisions for Currency Traders
2
Beat the Forex Market in Breakout Trading
3
Is it Possible to Trade the Economic News Events Successfully Using Range Breakouts?
4
I Am Losing Money in Forex Market and So Should You
5
Trading Forex with Proper Risk, Reward, Patience and Discipline
6
Sniper Forex Trading or The Power In Trading The Daily Time Frames
7
Race Horse Blinders on my Trading Robot Removes Emotions and Greed but Not Our Concerns
8
Awful Forex Frauds and Scams Every Forex Trader Should Avoid
9
Automating the Way you Trade by Programming a Forex Robot
10
The Basics of Currency Trading and 9 Forex Trading Strategy Types

6 Hardest But Very Important Decisions for Currency Traders

The statistics tell us that most traders fail.  If you read a lot of the material online then this is what you are going to hear from other currency traders.  And if you look through a lot of the trading networks, like MyFXBook.com or ZuluTrade.com, and you start to look at a lot of portfolios from those types of sites, you’ll notice that most people do not trade consistently profitably. Currency trading is probably one of the easiest businesses in the world to get into.  You can begin trying it out for free and can even begin trading with most brokers for as little as $100.  But in my estimation it is probably one of the hardest businesses in the world to succeed in and do well consistently over the long term.

I’ve identified six things that many traders struggle with.  These are not all of the things that they struggle with, but it is a starting list of items that you might be able to identify with, and by working on, you can change for the better in your own trading business.

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Beat the Forex Market in Breakout Trading

A Forex breakout is the sudden price surge in a particular direction after a period of consolidation or sideways movement. It is one the most commonly used trading strategies because of the clarity and simplicity of execution. It is so simple that even new traders without much experience can trade the market profitably with it.

The trend is your friend until in bends, however, strong trending markets occasionally pause and move sideways. It may mean that the trend is over, or the market has only temporarily stopped in a consolidation zone before making any impulsive movements again. A breakout occurs when price moves away from its existing pattern. It can potentially change a downtrend to an uptrend, or an uptrend to a downtrend.

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Is it Possible to Trade the Economic News Events Successfully Using Range Breakouts?

There are dozens and dozens of forex news releases that happen each and every week.  Most of the releases will not move the market very much, but some can move a currency pair’s price by more than 150 pips in just an hour’s time. Sometimes these moves can even take place in just a few minutes’ time.

Here is a glimpse of a few of the starting news releases for the coming week.  This represents rather light activity compared to later in the week.  This first image is from DailyFX.com, one of the most trusted sources for forex news release information.  You can use news sites like this one to help alert you to coming news releases.  Many trading systems will advise people not to trade during major news releases because of the high volatility that is usually present during strong news events.

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I Am Losing Money in Forex Market and So Should You

When traders start out, they naturally want to win on every trade. But in reality, no matter what system you use, you will still experience losing trades. Many traders fail to understand that the profitability of a trading system is the result of many trades, not just one or two. Trading is like a journey, there are lots of ups and downs. In fact, there are more downs than winning periods for most traders. Beginning traders don’t think about losses during winning periods. But after a losing streak, they freak out and screw themselves up. Logical thinking gets thrown out the window and fear and self-doubt starts to creep in.   If you can’t accept that trading losses are inevitable, it would be tough to build confidence in any trading system.

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Trading Forex with Proper Risk, Reward, Patience and Discipline

You can never control the market, but you have the ability to control yourself and all other trading variables.

Trading the Forex markets is simply a game of probabilities and learning to find trades with high probability is the aim of the game. Understanding this fact that even perfect trade setups can fail should prevent you from having ups and downs with your trading. There is no magic formula to remove losing trades and even professional traders do lose money (sometimes even a lot). However, the best traders repeatedly make money while the masses continually lose money in the markets. The success these traders achieve is never the result of luck but patience, discipline, and experience.

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Sniper Forex Trading or The Power In Trading The Daily Time Frames

Most professional traders trade at higher time frames, not at 1-minute, 5-minute, 15-minute, or the 30-minute charts. Beginning traders have the misconceptions that in order to be successful, they must trade the lower time frames.  New traders who enter the market think that they can make a whopping amount of money within just minutes. But more often than not they will soon realize that it is not as easy as it may seem.  Getting lucky a few times on the lower time frames is possible, but is overall not very reliable.

It’s a fact that most new and struggling traders trade way too much. They are too obsessed with trading the lower time frames because they focus exclusively on short term fluctuations of the market in an attempt to profit from every price movement. They put too much emphasis on analyzing the 30-minute, 5-minute, and 1-minute charts. Although there are many trading opportunities on these fast moving charts, there are also a lot of false signals. In reality, as you go into a lower timeframe, the less accurate a trade setup becomes. As you go into a higher timeframe, the more accurate a trade set up becomes.  Thus, trading at lower time frames will lower the winning probability of any trade signals.

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Race Horse Blinders on my Trading Robot Removes Emotions and Greed but Not Our Concerns

Even when I put race horse “blinders” on my trading robot and automated trading removes emotions and greed, it still seems it will never remove our concerns completely.

If you have been following my Daily-F trading signals on vavatrade.com then you’ve probably noticed that it did not make any profit for the last 3 months in a row. It must be the main reason why I get questions from my customers and they ask for my take why this happening and what my outlook is for the future. For some, it looks like Daily-F is going through a rough time now.

I would like to take advantage of my blog and answer these kinds of questions through a blog post. I hope to educate and explain what my thoughts are, and what am I going to do about it.

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Awful Forex Frauds and Scams Every Forex Trader Should Avoid

Unfortunately, the Forex marketplace is chock full of scams and disreputable marketers trying to make money by selling people unreliable Forex trading systems, unprofitable robots and other bogus trading products.  It seems like there is not a week that goes by where some new Forex product enters the marketplace. Some are brilliantly profitable, while most others are dismal failures.

This is the world we live in as Forex traders, and we must deal with these unscrupulous marketers as we try to navigate through the sea of flashy products and instant-profit systems.  We, as ambitious traders, know that there are great systems and great products out there that can benefit our businesses, but it is a difficult task to find them.

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Automating the Way you Trade by Programming a Forex Robot

MetaTrader is the widely-used trading platform developed by MetaQuotes Software Corporation. It is a charting application designed for online trading for financial markets such as Stocks, Foreign Exchange, Futures, and more, but mostly it is offered by Forex brokers and used for Forex trading. To date, the two available versions of the platform are MetaTrader4 (MT4) and MetaTrader5 (MT5). MetaTrader became extremely popular because of its extendibility and has large catalog of default trading tools/indicators such as Bollinger Bands, CCI, MACD, Moving Averages, Stochastic Oscillator, etc. Traders at any level, from beginners to experts, can download the platform for free.  MT4/MT5 have an exceptional capability to support Scripts, Custom Indicators and automated trading systems or Expert Advisors (EAs).

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The Basics of Currency Trading and 9 Forex Trading Strategy Types

Do you think there is anyone in the world who knows all that there is to know about Forex trading?  I wonder myself sometimes if it is possible, but I don’t really think it is.  We are all at different stages when it comes to our understand of the currency markets, and how they work, and how we can profit from them.

Traders who enter the currency markets come from all different types of backgrounds.  Some have MBA degrees from prestigious business universities while others stumble in from a course they may have bought for a few quids on eBay.  Many traders know of only a few different strategies to earn money from the Forex market, but did you know that there are nine (and probably many more) different strategies that one can use to extract money from this economic behemoth.

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Copyright © 2009-2020. Rimantas Petrauskas | Terms and ConditionsPrivacy PolicyEarnings Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Copyright © 2009-2020. Rimantas Petrauskas | Terms and ConditionsPrivacy PolicyEarnings Disclaimer
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