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What is trending in forex?
A trend is a tendency for prices to move in a particular direction over a period. Trends can be long term, short term, upward, downward and even sideways. Success with forex market investments is tied to the investor's ability to identify trends and position themselves for profitable entry and exit points.
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Today ( friday ) No any Session ( free / premium ) Guys. We will start again on monday at 3 pm GMT
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What is NFP..?
Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. Approximately 80% of the workforce is accounted for nonfarm payrolls and it excludes farm workers, private household employees, actively serving military or non-profit organization employees.
What is a Doji Candle.?
A doji names a trading session in which a security has an open and close that are virtually equal, which resembles a candlestick on a chart. The word doji comes from the Japanese phrase meaning “the same thing.” A doji candlestick is a neutral indicator that provides little information.
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Binary Options Money Management
Essentially, binary options traders limit the capital they invest in each trade to a percentage of their total account balance, for example, 1%. Experienced traders might go up to 5%, but the proportion is always small.
Let’s look at an example: if you have $10,000 in your account and want to open a high-low binary contract, you would only invest 1% of your balance, i.e. $100. Similarly, if you took the 5% approach, your maximum position size would be $500.
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Dollar hits six-month peak after US data, weak yen draws warning
The dollar ascended to a six-month peak on Wednesday, reversing earlier losses, after U.S. data showed the services sector surprisingly picked up steam last month amid higher new orders and businesses paying elevated prices, suggesting persistent inflation pressure.
https://www.investing.com/news/economy/dollar-firm-on-growth-worries-fragile-yen-draws-warning-3168099
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Some Reasons Why Some Traders Fail or Not Consistent;
1= Greed
2=Bad Money management
3=Jumping from one binary system to the other, instead of remaining focus on one system
4=Insufficient trading balance
5=Emotional instability
6=inadequate practice period
7=lack of good trading gadget Example Laptop, power bank, etc
8=bad network connection
9=wanting to become a fund manager after demo trading for 1 week
10=competing with another trader
11=lack of PATIENCE
12=lack of good binary options MENTOR
13=Exposing trading capital into much risk Example taking inconsistent stakes
14 = Sound Knowledge
Should You trade the news?
Trading the news should be an integral component of your investing strategy. While a day trader may trade the news several times in a session, a long-term investor might do so only occasionally.
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THIS WEEK PREMIUM,
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If you have any question ,
Please contact Admin - @jamesgyn
If you have any question ,
Please contact Admin - @jamesgyn
Be patient while you are trading, Trading Isn't gamble, Your money Your Risk..
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