Forex traders Lounge

Hi Peeps, trust you guys are doing well..I was busy testing a new strategy...well I just finished and I think it's gonna make a whole lot of 💰...happy pipping...

Forex traders Lounge updated their phone number.

Read message may read about 50ema and how to make profit on the market @ forex-finders.blogspot.com

THE KEY TO FOREX TRADER GET TO KNOW THE KEYPOINT IN FOREX

Happy Xmas and a prosperous new year in advance

*TODAY IS ANOTHER OPPURTUNITY TO MAKE WEALTH*

(1.) *Your salary will never make you rich. Your boss isn't that foolish.*

(2.) *Your salary is fixed, are your expenses fixed?.*

(3.) *If your company pays you the exact true value of the services you render, they would be running at a loss. As an employee, you are underpaid.*

(4.) *Once you get HIRED, you either get FIRED or RETIRED, you may also resign when you're TIRED.*

(5.) *Salary is the bribe you're given to forget your dreams, family, freedom, self-esteem, academics, social life and other personal goals.*

(6.) *Your kids won't inherit your post in that company you're employed in. Employment is not hereditary.*

(7.) *If your salary is not huge enough to pay your bills, leaving you with sufficient amount to save,prepare for poverty after you stop work.*

(8.) *If you must work,before you eat,if you get paralyzed,ill or become aged,hunger will strike you.*

(9.) *Being an employee is a bit similar to being a slave,you take orders,you are regimented*

New week ahead of us, happy pipping

Its another new week,happy pipping.

Eyeing EU ....

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the page will kick start its forex activities soon we need more likes

forex traders lets gather and make the market a profitable place for us all

Pls stay at home and be safe,

Happy new year...more pips this year

The Destiny of sugarcane is to be cut at the time of its sweetness May you not be cut off at the time for you to flourish & Prosper...You will Fulfil your destiny in Jesus Name.

Happy New Month.

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90% of the people in this group are consistently losing money. Did you know that? You could actually be one of them. Trading is a profession, just like law, medicine or engineering. But traders are the only professionals who believe they can make a consistent income without an education. A house is built by knowledge and furnished by understanding. If you want to take your money seriously, you have to take this business seriously. The more you learn the more you earn. It’s just that simple!

If you don’t like reading you won’t make it.
If you don’t have an appetite for knowledge won’t make it.
If you don’t have time to study the market you have a 0% chance of making it.

If you don’t have the time, energy or desire to invest in YOURSELF, maybe trading isn’t for you. Don’t waste your time!
90% of the traders expect to get signals from a person who has done the work. 10% learn the price action, tape reading, emotional composure, money management etc. Nobody was trading in the womb. We all have to learn the rudiments. Great traders are great learners. Don’t victimize yourself, if you hate reading, don’ trade. There’re other things you could do.
If you want to trade, you can do that too but you have to know what you’re doing. These things can be learned. If you want to be good at anything, you need to get good information (inner formation) be it a football player, musician or farmer.

Money is powerful, it affects anything and anyone. It operates in principles only. This means you have to apply a principle to get a result – it’s a formula. You reap what you sow. If you don’t like your harvest, plant different seeds.

It’s better to find your passion and pursue it because you can do anything you set your mind to. If you’re going be a trader, put your mind to it! Trading is the hardest way to make easy money. The richest people in the world are traders. The benefits of trading are extraordinary! You’ll never have to worry about money ever again if you learn how to trade! The best traders are disciplined people. A ‘discipline’ is a skill. Skills can be learned. ‘Discipline’ also means control. This means traders are ‘in control of their skills’. You’ll never be financially independent if you’re not in control of your trading business.

I wish you success in your dreams and wishes. Your prosperity will come through your knowledge. Remember, ‘people perish from a lack of knowledge’.

For more:
https://drive.google.com/open?id=1zkulMZ22W4DY5r7hzHPgkADqMnlUnQ2d

1. FSI.pdf

Rule number 1 : protect your investment

Invest at the point of maximum pessimism - John Templeton

Try something new today....

Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. - Warren Buffett

Profits always take care of themselves but losses never do. - Jesse Livermore

Stick to a pair that favours your trades not just trading all pairs.

Fundamentals are in line with technicals, If your analysis is correct on the technical side, you won't have to worry about the impact of news, it is used to push price, accelerate it. And Try trading higher timeframes, you'll see what I'm talking about.

Your thoughts and opinions are welcome.

The ENTRY POINT is usually component of a predetermined trading strategy for minimizing investment risk and removing the emotion from trading decisions.

Recognizing a good ENTRY POINT is the first step in achieving a successful trade.

Gold move in range 1296 to 1285.
guys stay away from Gold till than a valid breakout :)

Here's my tips for beginners in FX:
1. always set a stop loss(SL), ALWAYS!! how to set a SL really depends on your trading strategy
2. calculate the RR(risk reward) ratio for every single trade you are about to go in. Anything with RR ratio lower than 1:1 are considered as a bad decision.
3. Stick to your plan, if it about to hit the SL, that's fine, it may come back up on the next candle.
4. Don't be greedy or do any yolo trade like one trade with full lot size. Do some asset/wealth management on each trade. (Personally, if I lose over 3% on my trading, I'd go back to demo and practice)
5. The trading is for investment, something you can loss and
be fine with it. Not the money for your next month rent. I don't wanna see anyone in this group including me lose some money and have to work in Mcdonald's next day.

cheers and may the green pips with everyone in this group

USDCAD, I see a downward movement here. Price may fall to 1.27500 but let's wait until the close of NY session on Monday.