Free webinar: "Finally: Q4 Trading Kick-off"

On October 06 there will be a very useful free "Finally: Q4 Trading Kick-off".
The Pro trader Paul Wallace will discuss with us his game plan for the final months of 2016.
Time: 7pm-8pm Cost: Free Place: Online
Don't the other interesting and useful webinar, which will be held in October:
October 13: "Harness the power of a Virtual Private Server & MT4";
October 20: "Trading continuations with a simple pattern".
For more information and registration, visit here.

Free webinar: "Live Trading Analysis - FX, Commodities & Indices"

On September 22 there will be a very useful free "Live Trading Analysis - FX, Commodities & Indices".
The Pro advisor Malte Kaub will give us practical insight into the application of proven technical analysis.
Time: 7pm-8pm Cost: Free Place: Online
Don't the other interesting and useful webinar, which will be held in September:
September 29: "End of Q3 Review and Analysis".
For more information and registration, visit here.

Free webinar: "Trading the US Indices"

On September 8 there will be a very useful free "Trading the US Indices".
The Pro Trader Paul will provide us introduction into trading the US indices markets.
Time: 7pm-8pm Cost: Free Place: Online
Don't the other interesting and useful webinars, which will be held in September:
September 15: "The Four Pillars of Personal Success at Trading";
September 22: "Live Trading Analysis - FX, Commodities & Indices".
For more information and registration, visit here.

Free webinar: "Webinar Special: Brazil What's happening?"

On August 11 there will be a very useful free "Webinar Special: Brazil What's happening?".

The Pro Trader Paul will discuss with us how markets treat Brazil in this eventful year.

Time: 7pm-8pm Cost: Free Place: Online

Don't the other interesting and useful webinars, which will be held in August:

August 18: "Live Trading Analysis - FX, Commodities & Indices";

August 25: "Traders Clinic".

For more information and registration, visit here.

Free webinar: "Trade Like A Pro: Trading counter-trend breaks"

On July 14 there will be a very useful free webinar "Trade Like A Pro: Trading counter-trend breaks".

The Pro Trader Paul will discuss with us how to trade counter-trend breaks.

Time: 7pm-8pm Cost: Free Place: Online

Don't the other interesting and useful webinars, which will be held in July:

July 21: "Adapt to the new normal: One month after the UK Referendum";

July 28: "ActivTrades Tools - SmartLines & SmartOrder"

For more information and registration, visit here.

The discipline in forex

As everywhere, the discipline plays an important role in forex trading. Successful forex traders have iron self discipline. They plan each of their deals and then simply trade their plans. If you do not develop a clear plan for trade and follow it consistently, you will find difficulties in continuing earning money as a trader.

Doing random profitable deal, even throw away any plan can deliver short pleasure, but making occasional deals can affect negative on the ability to maintain discipline in the long run. When you stop following your plan, but although you're rewarded, you may have believed that pursuing the plan is not a big deal. Unjustified profits increase the tendency to follow any plan in the future. Positive results from this are short and a lack of discipline always ends with a loss. So keep constant your discipline.

Which events are significant in forex?

Central bank policies are a result of all economic data. Think of the economic data as clues which give speculators the ability to predict what the next move of the central banks will be. Most central bankers disclose their policy on a certain date. Therefore, it makes no sense to ignore information that forms their policy.

Fundamental analysis in forex should always begin with Studying the policies of central banks. I am sure that a trader can be successful only if traded an important speech and statements about the interest rates. If you understand given policy, you can see goers data in this context, which will make the image clearer and you can forecast a change in policy before it occurred.

False expectations among traders

Having expectations can be very useful for traders. They are tests, that help us to determine the failure or success, they also gives us goals to follow.

On one hand, expectations are great, but we must be careful with them. If they are too high or unrealistic, we'll probably be disappointed. One of the most common expectations that lead to disappointment among traders is that more transactions equals to faster learning process. It is true that more transactions lead to more experience, but that does not mean that we will learn much more quickly if we make more transactions. This is a dangerous attitude and so can only undergo emotional risk.

The key to faster learning process is to concentrate on the quality of your transactions than on quantity. Instead of doing much deals, our priority should be preparing to enter the deal and making reasonable decisions.

How to recover your trading motivation?

The first step is to look at the delicate details of your trade, but also to keep in mind the big picture. Do you trade the right way?

Return to your trader diary and see your recent transactions. If you do not have one, I advise you to make one. Ask yourself the following questions:
- Is there something you've changed or do anything different from usual trading plan?
- Do you explicitly follow your trading plan?
- Are you doing something wrong?
- Do you miss something ?
When you find your mistakes, it will remove the lack of motivation.

Undeniable truths in forex

Expect the unexpected. Accept it. No matter how much you try in you analyzes, you will not have 100% accurate idea which way the market goes. There is always a chance that surprise waiting around the corner, perhaps in the form of undeclared currency interventions or shocking comments from central banks. In fact, these unforeseen events can not to be caused by the economic scene, but take the form of natural disasters or sudden declared war. Even if you stare at the chart constantly, keep track of forex calendar, listen to the news every day, you probably will not be able to predict such events. Unless you're Nostradamus ...

Speculators slowly return to dollar

Last week was very quiet in terms of changing the mood of speculators and ended on the eve of the publication of the minutes of the last FOMC meeting on 18 May, report analysts at Scotiabank.
The position of the euro and the yen barely changed, long positions in AUD fell slightly, while short positions in the pound rose slightly, they say.
The main favorites of the bulls and the bears remain respectively yen and pounds. The volume of net short positions in dollars fell.
We have to note that speculators reduced their net long positions in the Canadian dollar for the first time since late January, closing both long and short positions, which suggests uncertainty, remind analysts.
Long positions in AUD decline for the third consecutive week.
In the third week of the last four long positions in the yen have reduced and this is happening against the closure of both long and short positions.
Speculative positions in the Japanese currency continued to be in the zone of very high historical value, concluded from Scotiabank.

Zimbabwe will produce bank notes equal to US dollar

Zimbabwean authorities decided to issue banknotes, which will be equal to the US dollar at a ratio of 1:1, according to the British BBC Radio and Television.
This decision is due to a shortage of cash in the country of US dollars, which since 2009 in Zimbabwe are legal tender along with South African rand.
It is planned to print Zimbabwean own banknotes in denominations of two, five, 10 and 20 dollars, which will be equal to USD. Financial support for this idea of ​​the Zimbabwean authorities in the amount of $240 million came from the African Export-Import Bank.
Until 2009, the currency of Zimbabwe have been the Zimbabwean dollar, but due to the huge inflation, it was decided to abandon the national currency, to stop its release and move to settlements in US dollars and South African rands.

The week is over

It was such a long week and I totally miss the market. 

Let's be positive. I don't have one bad trade :D.

There was no time to watch the market, to read news or and so on, I barely had the time to publish something in my blog. I hope I didn't miss something interesting. There was more than expected work and you know,  you go home tired and everything you wanna do is to take shower and have a rest. Everyone has such weeks I think. 

So, let's see what the market did last days ..