A Series of Trader's Level

According to this article, there is a classification for forex traders based at their achievement. Start from today, I will post the level of classification. Hope this is useful to consider your trading level.The trading level of a forex traderLevel #1 : Unconscious IncompetenceLevel #2 : Conscious CompetenceLevel #3: The Eureka MomentLevel #4: Conscious CompetenceLevel #5: Unconscious

Think like Real Trader

In principal, trading forex is same as any trading form in this world. The basic strategy is buy at low and sell at high. But why this simple strategy is so hard to do? Because nobody can control the market. High and low are decided by conclusion and psychology level from all traders in this world. The basic economic law about trading is there must be a balance between supply and demand. When a

Understanding Fundamental News

There are many fundamental news that are watched by traders. Among of them, I select several news that have big influence in price movements. I figured that not all of "good news" is good and vice versa. Let's discuss about them one by one sorted from the most important news (remember, the qualification for most important is based at my experience).Interest Rate Statement. The mother of all

Software : Forex Strategy Builder 2.4.2

Forex Strategy Builder (FSB) is a complete system for creating and testing of Forex trading strategies. It provides an easy way for building strategies as a combination of technical indicators. Language:

Maximize Your Profit

Until now, I still don't find a holy grail forex system that can win 100%. Maybe someday, one of us will find that. But until that day, do we stop trading forex? Personally, I won't wait for the holy grail. No one is perfect just like forex system. So, what can we do to survive at this forex jungle?The answer is simple but hard to do, minimize your loss and maximize your profit. If you want to

10 Secrets of Successful Forex Trader

These are 10 tips that I think must do to become successful forex trader :Learn from your losingFind what factors that made you lostDo not repeat the loss factorsChange your loss factors into winning factorsMake a plan for your tradingDo your plan and stick with themAlways use Money ManagementUse strategy to maximize profitsTake your loss like your profitLearn about market psychologyHope these

Trading Forex is Simple or Complicated?

That is a question for me after doing trading forex for almost a year. I have been looking for the answer for a few moment until I found the answer for myself. Trading forex can be simple or complicated depends on our knowledge about forex itself. Trading forex is same as many kinds of trading terms in this world, what makes it different are the items that being trade and the influence