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I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
I am going to give you some tips that you must know:
There are going to be many people who tell you that trade is easy, that with only crossiing a line with another one you will win a lot of money.... and that´s not true. No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS. If you have the knowledge to develop it, take your time and do it. Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!! Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!! IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
Have a nice trading day
So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make.
any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
Does it mean that you are an expert just because you make a lot of profit? The amount of profit cannot be used to measure the value of a trader. Yes, you must be doing something right if you are making a frequent profit. However, that does not determine if you are an expert or not just by your profit. This is quite a common misunderstanding in the forex industry.
Making a large profit is only one side of the forex market. Majority of forex traders tend to lose most of the time after they have experienced profit. But why?
So many traders fall into a fantasy land where they make an endless amount of money at the beginning. Many beginner traders tend to gain profit at the start not knowing the importance of technical analysis of the market.
The experts on the other hand who stayed became wealthy and stayed that way, continue gaining profit, are all knowledgeable when it comes to the basics. Experts have dialed many ways to control their minds to be set right to be a trader.
Understanding of the market is a must know anyway. Expert traders wait patiently until the right opportunity comes. Opportunity comes to everyone.
What differentiates the experts and the beginners is that experts know when the opportunity has come and knows to take advantage of it. Making profit by luck is possible, and yes luck is also very important. But can you profit with luck every time?
How an expert trader is determined is not by how much the person gained, it’s about the precision and the frequency of results. Profit can’t be maintained by luck. It is maintained and is a result of precision and strategical execution. You shouldn’t worry because you’re not gaining any profit right now.
You should be building your skill sets to be a better trader by experiencing many trading situations of losses and wins. If you invest in your time to improve, your results are guaranteed to increase more frequently and will become more stable.
OEC Trader is now called Gain Trader and the Gain API now allows you to have simultaneous connection to mobile and web.
Optimus Futures www.optimusfutures.com
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Another Best Broker award for HotForex! Dear Client, We are thrilled to announce that International Finance Awards has named HotForex the Best Forex & Commodities Broker in Latin America! A HotForex spokesman said: “This new award is an excellent addition to our 25+ existing awards and demonstrates our continued success in establishing ourselves as a market leader with global reach, committed to providing our clients with the best possible client-centric trading experience.” Thank you for all your support, and for choosing us as your broker of choice! Kind regards, The HotForex Team
#WeekAhead #forex #news #followme #socialtrading Hey friends! Happy new week. Here are the data highlights for this week: (GMT+8) Monday: 10:00 Chinese industrial production, fixed asset investment and retail sales Tuesday: 09:30 RBA Meeting Minutes 17:00 German ZEW economic sentiment and 21:15 US industrial production Wednesday 16:30 UK Consumer Price Index (YoY) (Aug) 20:30 Canada BoC CPI Thursday: 02:00 US FOMC Economic Projections 02:00 US Fed's Monetary Policy Statement REPORT 02:00 US Fed Interest Rate Decision 02:30 US FOMC Press Conference SPEECH 06:45 AUD Gross Domestic Product (QoQ) (Q2) 09:30 AUD Employment Change s.a. (Aug) 09:30 AUD Unemployment Rate s.a. (Aug) 10:00 JPY BoJ Interest Rate Decision 10:00 JPY BoJ Monetary Policy Statement REPORT 14:00 JPY BoJ Press Conference SPEECH 19:00 UK BoE Asset Purchase Facility 19:00 UK BoE Interest Rate Decision 19:00 UK BoE MPC Vote Hike 19:00 UK Bank of England Minutes REPORT 19:00 UK BoE MPC Vote Cut 19:00 UK BoE MPC Vote Unchanged Friday: 20:30 Canadian Retail Sales (MoM) (Jul) #FederalReserve is expected to cut rate about 25-basis point. It would be a major shock if the Fed doesn’t deliver. But some, including Donald Trump, want more than just 25 basis points. In fact, the US President has called for “boneheads” Fed to cut rates to zero or lower in a tweet this week. Understandably, with US data not deteriorating as badly as, say, Germany, the Fed is reluctant to cut aggressively and rightly so. The risk therefore is that the Fed refuses to provide a dovish outlook for interest rates. In this potential scenario, a rate cut might only weigh on the dollar momentarily. With most other major central banks already being or turning dovish, the Fed will also need to be super dovish for the dollar to end its bullish trend. Otherwise, the greenback may find renewed bullish momentum, even if the Fed cuts by 25 basis points. The #Swiss National Bank will have to say about the #ECB’s decision to resume bond buying, given the recent appreciation of the franc against the shared currency. The #BoJ is unlikely to respond to the #ECB’s resumption of bond buying. It may keep the current policy of controlling the yield curve. For one, the global economy hasn’t deteriorated too significantly to exacerbate deflationary pressures in the export-oriented Japanese economy. For another, the there’s only limited number of policy options left at the BoJ's disposal. Thus, cutting short-term interest rates further into the negative may be an option, but to be used on another occasion.
Hi everyone, The latest Commitments of Traders review is out. Brazilian Real COT Change (52W) / C - 54%, LS – 54% / FTG Score / D -24,1, W -36,7, M -25,9 / All major cot signals are indicating that we have a good chance to see the market to rally. Wheat (Minn.) COT Extreme / C, LS – All Time COT extreme / FTG Score / D -25.7, W -31.3, M -29.7/ All time cot extremes are always highly valued, but we should be careful, since history has proven that we can be in such a place for a long time before we see the major trend change… Nevertheless we should be prepared to see Wheat go higher. Sugar COT Extreme / C, LS – All Time COT extreme / FTG Score / D -28.6, W 26.4, M -45.2 / Well I could simply copy+paste what I just wrote for Wheat but actually there are some differences here… If you look carefully, you may find Sugar to be in a bullish extreme since mid 2017, and we have still not been able to leave the bear market…. So even with this all time cot extreme, one should be willing to accept the high chance that Sugar will stay low even with such extremes! All the best, Dunstan COT Charts FOREX Trading Futures Trading
Date : 16th September 2019. MACRO EVENTS & NEWS OF 16th September 2019.Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead is expected to be a massive one, as four of the major Central banks will announce their rate decision, i.e. Fed, BoJ, SNB and BoE. There is a lot of interest in seeing whether BoJ will follow the Fed’s steps next week in cutting rates. Monday – 16 September 2019 Industrial Production and Retail Sales (CNY, GMT 02:00) – The Chinese Industrial Production growth is expected to have risen, at 5.2% y/y in August from 4.8% y/y last month. A slightly positive reading is also expected in the Retail Sales figure at 7.9% from 7.6%. Tuesday – 17 September 2019 Monetary Policy Meeting Minutes (AUD, GMT 01:30) – The RBA minutes, similar to the ECB Reports, provide a detailed assessment of the bank’s most recent policy-setting meeting, containing in-depth insights into the economic conditions that influenced the rate decision. They are usually a cause for FX turbulence. ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for September is projected at -38.0, from the lowest level since 2011 at -44.1 seen last month, as the current conditions indicator for Germany turned negative. The ZEW is a pretty clear indication that investors are gearing up for a much higher risk of a global recession, which ties in with developments in global bond yields and the marked flattening of curves. Wednesday – 18 September 2019 Consumer Price Index (GBP, GMT 08:30) – The UK CPI inflation is anticipated to be more underwhelming than the July data, at 1.9% y/y from 2.1% y/y, with a monthly rise up to 0.5% m/m. Consumer Price Index and Core (EUR, GMT 09:00) – The final reading of inflation is expected to have held steady at 1.0% y/y and core at 0.9% y/y, with an increase in the monthly number at 0.2%m/m from -0.5%m/m. Lower energy price inflation keep a lid on the overall number meanwhile as CPI excluding energy moved up to 1.2% from 1.1% y/y last month. Consumer Price Index (CAD, GMT 12:30) – The August CPI is expected to continue adding to the backing for steady BoC policy this year, even as the Fed and ECB add stimulus. CPI has been forecasted to grow to a 1.7% y/y pace in August, below the 2.0% last month. Interest Rate Decision, Monetary Policy Statement and Press Conference (USD, GMT 18:00-18:30) – The August’s jobs data did little to alter the market’s expectations for a 25bp rate cut at the September 17-18 FOMC meeting. Based on Powell’s latest comments, the Fed is very committed to a symmetric 2% inflation goal, hence given low inflation, interest rates will remain low. That leaves very little room to cut rates further. The Fed is not forecasting or expecting a US recession, nor a global downturn, said Powell. The fact that the chair doesn’t seem too concerned about a recession in the States, or the world, suggests the FOMC is not going to be aggressive easing policy. Thursday – 19 September 2019 Interest Rate Decision, Monetary Policy Statement (JPY, GMT 02:00) – The BoJ kept its short-term interest rate target at -0.1% and its pledge to guide 10-year JGB yields around 0% while maintaining its asset buying program. The central bank is expected to signal once again its commitment to keep interest rates at current levels “for an extended period of time, at least through around spring 2020”. The BoJ pledged to keep an eye on the output gap, but for now at least it seems the bank is seeing the risks as coming mainly from the outside. Interest Rate Decision, Monetary Policy Statement (CHF, GMT 07:30) – The SNB kept policy on hold at the June council meeting. The Libor target was replaced with a key policy rate, but the central bank was adamant that the degree of monetary accommodation remains unchanged. After the ECB cut rates, while the Fed is now widely expected to ease rates, the SNB has little room to manoeuvre, especially against the backdrop of ongoing Brexit uncertainty and geopolitical trade risks. The SNB’s central message remains that the situation remains fragile and the currency “highly valued”. Interest Rate Decision, MPC Voting (GBP, GMT 11:00) – Shadowed by the ongoing political developments in Brexit, the BoE is not expected to proceed with any interest rate actions. Friday – 20 September 2019 Retail Sales ex Autos (CAD, GMT 12:30) – Retail sales and Core for August are seen steady, while the headline is anticipated to drop to 2.9% y/y from 3.3% and core to 2.5% from 2.9%. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
China’s New Cryptocurrency China plans to release a new digital currency which would bear some similarities to Facebook’s Libra coin. It would be usable across several platforms like WeChat and Alipay. In a recent interview with the Shanghai Security News on the 6th of September, the deputy director of the People’s Bank of China, Mu Changchun, stated the purposes and the need for the new digital currency. He stated that the central bank needed to evolve from the use of traditional paper currency and delve into electronic payment methods which are making strong advances around the world. He said that the digital currency would be a realistic way to protect monetary sovereignty and legal currency status, stating that this digital currency initiative was a way of planning for a rainy day. He also mentioned that digital currency would be as safe as the traditional central bank-issued paper notes and that it could even be used without requiring an internet connection. This offline feature is one of its major selling points as monetary transactions can still be carried out even in the face of communication breakdowns resulting from natural disasters like earthquakes, tsunamis and so on. In 2014, the Chinese central bank set up a research party to explore the possibilities of a China-based digital currency to reduce the costs of producing and circulating paper money, which in turn would boost policymakers’ control over the supply of money. Information about the development of this new digital currency was unknown to the public until last month when Mu announced that the innovation was almost ready. US-based financial magazine Forbes has made claims that the currency would be ready by November 11. Analysts are saying that the announcement made by social media giants, Facebook on the release of its digital coin, Libra, is the reason for the acceleration of the push towards digital currency by the PBoC. Mu made mention of how the new digital currency would strike a balance between allowing anonymous payments and preventing money-laundering as compared to Libra. Although the Chinese digital currency may bear some resemblances with Libra, it would possess characteristics that even Libra didn’t have. Facebook’s Libra Facebook’s Libra has sparked a lot of worries among global regulators that it could become the predominant digital payment format and could become a medium for money laundering considering the social media’s wide reach. Libra is said to be a digital currency that would be backed by several real-world assets, including bank deposits and government securities, and it will be held by a network of stewards. The structure of Libra is predicated on promoting trust and to stabilize its price. Finally, Mu further discussed the superiority of the digital currency over altcoins was that others could go bankrupt and cause its users huge losses. Thus he said, can never be the case of PBoC’s new currency. Source: https://learn2.trade