ForexTFP, Author at Forex Trading For Profit

FOREX TRADING FOR PROFIT

Author: ForexTFP


What makes trading forex so popular?

5/5 (1) What makes trading forex so popular? For a long time, currencies have been one of the most popular asset classes to trade and forex trading continues to grow in popularity.  This does not come as a surprise to veterans who have been beneficiaries of its consistent growth for over a decade.   Initially Read the full article…



Bitcoin Sell Off – but do not fear

Bitcoin

5/5 (7) Bitcoin sell off leaves traders and investors concerned Just few hours after bitcoin almost reached a mind blowing $20,000 USD at the start of the week,  the top of the blockchain crypto currency started to sell off with a massive plummet today. This price action has been right across all the major cyrpto Read the full article…



Forex Appreciation & Depreciation

Forex Appreciation & Depreciation

No ratings yet. Forex Appreciation & Depreciation As currencies from different countries interact in the Forex market they will face periods of appreciation or depreciation in their value respect to other currencies being traded in the global currency markets. In other words, this means that the appreciation or depreciation of a currency is a direct consequence of the market Read the full article…



Free Forex Trading guide

free forex trading guide

5/5 (3) Limitless Fortunes from Forex Trading – free forex trading guide! Now that this title has your attention, I know I know not another one claiming to make you a millionaire out of forex trading? I see so many of these free forex trading guide (‘s) popping up these day’s so I thought it Read the full article…



AUD/USD breakout

AUD?USD

5/5 (2) The aussie has broken out of consolidation . The aud/usd has broken out of consolidation as my analysis late in August Looks like it will be heading out to target range Low risk TP at .81600-700 High risk TP .85000 Hope you all caught this one. Those that haven’t yet please sign up Read the full article…



Why Professional Forex Traders turn to Algorithmic trading?

Algorithmic Trading

5/5 (16) Can algorithmic trading be pivotal to your forex success? Learn how pro traders are using Automated strategies to trade the Forex markets. Have you ever wondered how professional forex traders are always profitable? Wouldn’t you like to be one of the 5% and finally break away from being a trader that “just prays”… Read the full article…



Is retail forex trading profitable? 

Forex Trading

5/5 (20) Can retail Forex traders actually make money? How can you as a retail trader profit from the forex market… It’s often stated that forex traders are comprised of two groups. Those in the 90% of non-profitable traders and those in the 10% of profitable traders. Some say profitable traders are more likely to Read the full article…



Forex trading open positions 8-17-17

signal servive

5/5 (1) Open positions. Update will follow for profit/loss. If there is enough interest I may start a signal service. Need to open an account with a reliable broker. AUD/CAD pennant sell day note: text in chart wrong AUD/CAD   AUD/CHF 4H buy triangle AUD/NZD 30m flag Buy   Aud/usd channel break out buy 4H Read the full article…



Trading Psychology – develop the right mindset

Trading Psychology

5/5 (4) Forex Trading Psychology When we take a deeper look at the Forex market, we will find it’s main driver is the “Trading Psychology of Market participants”. Trading psychology or market psychology is a derivative of human emotions. All market participants are driven by either fear, greed, dreams, and ego.  Human nature tends to follow the crowd and Read the full article…



Insider trading

Insider trading

5/5 (3) Insider trading – An elite currency trader tells all about insider trading How deep does the rabbit hole go? – A look into Forex insider trading All of us “Retail” Forex traders tend to always whine and complain about the insider trading that manipulate the Forex market. Insider trading is carried out by all Read the full article…



AUDUSD Forecast 2017

AUDUSD Forecast 2017

No ratings yet. AUDUSD Forecast 2017: FX Street says: Bears to dominate the Aussie on China, commodities risks. It could be tides about to turn now for the Aussie as it has now broken though long term monthly resistance. With big money being pulled out of usd and now BOC has risen rates the commodity Read the full article…



The big four downgraded to Aa3

Australia credit rating downgraded

5/5 (1) Moody’s Cuts Ratings on Australia’s Banks   The big four downgraded to Aa3   Get ready for the bubble to be burst. This has been on the cards for quite some time and the downgrade is here. Moody’s Cuts Ratings on Australia’s Banks  https://www.bloomberg.com/news/articles/2017-06-19/australian-big-four-banks-ratings-cut-by-moody-s-on-housing-risk Read the full post on bloomberg.   Its now time Read the full article…



WHAT WAR IS REALLY ABOUT

what war is really about

No ratings yet. THIS IS WHAT WAR IS REALLY ABOUT. This is going a little off topic but I just had to write about this because a lot of us are really unaware how how the world is run. Todays headlines is Donald Trump insisted that South Korea is to pay for the 1 billion Read the full article…



Is Forex Trading Gambling

Is Forex trading Gambling

5/5 (1) IS FOREX TRADING GAMBLING? I haven’t made a post in a while and have taken a break from it all and been in Thailand for 3 months. Since I’ve been back I have just been doing a bit of work to the house. I was going over some old FaceBook posts and found one I Read the full article…



Will the US Dollar Bulls continue?

USDX

No ratings yet. US Dollar Bounces back from trend support The 1st week of the year sparked a big sell off, of the US Dollar and rumor has it that Chinese and Mexican central banks dumped US dollars to stabilize their currencies. The Mexican Central bank sold at least 1 billion US dollars last week. When Read the full article…



US Rate Hikes Strike Again

US Rate Hikes

No ratings yet. US Rate hikes. The USDX has rallied around 270 pips since the US Federal reserve hiked US interest rates for the seconded time in a decade last Thursday. The target for the USDX for this year was 103.00 and this was hit on the day of the hike. See post  From here Read the full article…



Best Forex Brokers

Forex Brokers

5/5 (5) Forex Brokers – A spotlight on Pepperstone Start trading forex with Australia’s best forex broker.  Trade now I often get asked which Forex brokers do I recommend. I decided to do a spotlight of different Forex brokers I would deem to be worthy. Since there are so many new Forex brokers popping up everyday Read the full article…



Why Trade Forex

why trade forex

No ratings yet. Why do we trade Forex? This is a question we must decide right from the word go, why Trade Forex? Do we start trading to make quick money, a desired lifestyle, investment or just something to do like a hobby? Like a lot of us I wanted the money but quickly learnt Read the full article…



USDX Technical Analysis

USDX Technical Analysis

No ratings yet. USDX Technical Analysis A few month ago I post a technical analysis of the US Dollar Index on twitter.  It has played out as predicted and looking at a TP of around 103.00 for the USDX. US dollar index forecast pic.twitter.com/ReyLxkoK6x — Paul Placucci (@Scalp_FX) September 3, 2016 Price stopped short of the Read the full article…



The Aussie Tumbles

AUD/USD Monthly break out

No ratings yet. The Aussie breaks long term monthly support The triangle breakout has been largely anticipated over the past few weeks and has played out as expected. After having several attempts to break above the buyers finally gave up. It came as no surprise how quickly the Feds changed their tune when Donald Trump became the Read the full article…



Com dollars victims of US rate increases

NZD/USD head and shoulders

No ratings yet. Com dollars victims of US rate increases A look at the Kiwi Dollar The unwind of the carry trade commences as the commodity dollars become victims of the US rate increases. Interest rate compression of yields has become massive as RBNZ cut interest rates again last week. The unwind of the carry trade as well Read the full article…



The Comdolls Trumped

Donald Trump

No ratings yet. Technical Analysis (Post Trump victory) AUD/USD The Comdols Tanked apon Donald Trump’s “shocked” victory on the 9th of November. Trumps policies are very Pro American  which in long term, will  have an effect on commodity based currencies. This affecting particularly Australia with having a close economic trade relationship with China. Initially the USD Read the full article…



Funding your Forex Account

Funding your Forex Account

5/5 (1) Is your Forex account properly funded? I often get a lot of questions on how much initial funding is needed to start trading Forex? I have found that a lot of new traders have the mindset to start trading with as little money as possible. Funding your Forex account with the right amount is Read the full article…



AUD/USD tightening range

aud/usd tightening range

No ratings yet. AUD/USD tightening range The Aussie has continued to be range bound with in the symmetrical triangle. Being rejected again for the second consecutive week, and forming a double rejection again on the weekly. For three consecutive weeks now price has closed and opened with in a 20 pip range indicating indecision in the Read the full article…



Aussie CPI remains subdued

No ratings yet. AUD sky rockets on deceiving CPI figures At a glance Australian CPI figures come out green with inflation rising 0.7% last quarter which is better than the forecast of 0.4%. This 3rd quarter brings inflation to 1.3% and at this stage remains very unlikely it will reach the inflation target set by the Read the full article…



AUD/USD False breakout – labor market concerns

AUD/USD false breakout

No ratings yet. AUD/USD False breakout ? The Aussie sell off on Thursday was sparked by the labor market data release. It came to no surprise as Governor  Philip Lowe had already commented his concerns of the labor market in his speech on the 18th and in the latest monetary policy meeting minutes. Technically the Aussie was already at Read the full article…



Trading Forex – journey as a retail trader

Forex Appreciation & Depreciation

No ratings yet. Trading Forex Trading forex is not about making a million or getting rich its more about investing than anything else. Some of the best fund mangers in the world struggle to make a 5% per year gain on a consistent basis. How I like to see trading forex is making a profit. Those that treat Read the full article…



AUD/USD Technical Levels, Head and shoulders

No ratings yet. AUD/USD Technical Levels 4H Head and shoulders A Head and shoulders  pattern has developed on the 4H chart and makes a good immediate short entry under trend resistance on the H1. Lets first take a look at the higher time frames. Weekly chart The weekly chart price has respected the trend resistance and Read the full article…



GBP/USD The Aftermath

Cable gaps on open

No ratings yet. Cable Gaps down, GBP/USD The Aftermath Cable gaps down on open after Fridays crash and what would of usually been a a nice gap of 50 pips it looks non existent compared with the 700 pip candle on Friday. The Gap was quickly filled and now looks to the downside once again. Price now Read the full article…



Profit taking USD/JPY

Profit taking on USD/JPY

No ratings yet. Profit taking USD/JPY at resistance 104.00. After the rapid rally on U/J last week it rose enough for some nice profit taking and now expect it to fall back towards support levels. Price was rejected off the 100ma on the daily at 104.00. This was expected given the rate U/J rallied made a Read the full article…



Pound crashes – Brexit all over again

No ratings yet. Pound crashes on low liquidity This morning thousands of traders woke up having their positions taken out account wiped out and being left with wondering why and how did this happen. My chart shows a low of 1.19164 on Pepperstone but has been noted to fall as low as 1.11. Lets try and Read the full article…



New live trades added

long USD/JPY

No ratings yet. Short on Kiwi After a gravestone Doji on the H1 chart I have entered a short on the kiwi with a take profit of .72750. The kiwi remains a short on highs at these levels for me. For safe trading place stoploss above doji candle high. Long on U/J I have also been Read the full article…



Cable Buy signal triggered

GBP/USD Live trade

No ratings yet. GBP/USD buy signal The pound has fallen to its post Brexit support level and where long orders will start to be accumulated as price consolidates promoting a GBP/USD buy signal. Manufacturing PMI continuing to expand as a good pace and highest level since 2014. These figures confirm that Brexit has a limited effect on UK and Read the full article…



Technical Analysis AUD/USD interesting levels

Technical Analysis AUD/USD

No ratings yet. Technical Analysis AUD/USD at interesting levels The Aussie is at interesting levels being at a monthly resistance. These current technical levels is where the current down trend can either be compromised or rejected. On the monthly chart a typical continuation pennant has formed. Volume has expanded into the initial move of the pattern and contracted on Read the full article…



Technical Analysis market outlook 9-25-16

Technical analysis

No ratings yet. NZD/USD Technical Analysis We will start off with the Kiwi which is one of my favorite pairs. With only 5 days left on the M1 chart, price has been rejected off the long term resistance level of .74590 back in February 2005. (see chart).  We will wait and see how the rest of Read the full article…



AUD/USD Live trade Update

AUD/USD live trade

No ratings yet. AUD/USD Profit target not reached AUD/USD daily set up September 16, 2016 Update Rectangle break AUD/USD live trade up date  The anticipated take profit zone has struggled to reach its targeted forecast.  live trades were close out for around 40 pips in total. I will explain with a bit of a run down on Read the full article…



How to Spot Forex Scams

Forex Trading Scams

5/5 (18) Learn how to spot forex trading scams The promise of easy money and turning $100 into 6 figures in weeks will always grab the attention of the vulnerable, and those looking for get rich quick schemes. It doesn’t matter how much you want it to work or how much you are convinced that this Read the full article…



AUD/USD daily set up

No ratings yet. AUD closes out of rectangle 4H Live trade update After some mixed data coming out of both the US and Australia yesterday the aussie remained consolidated in a rectangle formation which was broken out after the US released rather poor looking data and the only thing propping the Dollar up was the Read the full article…



GBP/USD- key levels to watch

No ratings yet. G/U at 1.3200 The pound has found it’s post Brexit bottom, talk of the pound a few weeks ago suggest it would fall below the 1.20’s but has failed to reach new lows since July. I had a firm belief that the low point was the lowest the pound would go just over Read the full article…



To Hike or not to Hike?

No ratings yet. Will the Fed’s Hike? Fed meeting on 22nd of September. Will the Feds’ hike, is the question just about all analyst’s and traders are asking. There has been nothing but talk about hiking rates in the US for over 9 months now which is creating a lot of uncertainty in the markets. Read the full article…



AUD/USD Bearish momentum is building

No ratings yet. Bearish out look for the Aussie Current price action is calling for further depreciation of the Australian dollar, as bearish momentum is picking up. This week we have the Australian employment data which will be a big mover for the Aussie. The unemployment rate is forecast to remain steady on 5.7% while Read the full article…



EUR/AUD Inverse Head and Shoulders

inverse head and shoulers

No ratings yet. Inverse head and shoulders set up. The current eur/aud chart as of 9-10-16 is gearing up to explode with an inverse head and shoulders pattern set up. Ideally we need to wait for the break out and candle close above 1.49100 on a 4h chart. After the ECB conference on the 8th of September  Mario Draghi Read the full article…