Wednesday, May 11, 2016

Psychological obstacles of trading

I have categorized the often-identified psychological obstacles of trading into the following categories:
2. Effects of the Ego – The Need to be Right 
3. Impact of the "Law of Small Numbers" 
4. Opinions of the Majority – "There's safety in numbers" 
5. The Appeal of Sophistication 
6. Excessive Need for Understanding
7. Excessive Pattern Recognition
8. Greed & Hope
9. Misplaced Optimism
10. Fascination with Predictions
11. Illusion of Control
I would like to explain all the point in my upcoming book.

Sunday, April 10, 2016

What is a valid trend line?


We can draw a trend line just connecting two points in a chart but a valid trend line must
Have three points. Remember that drawing a trend line is not science so every trader draw it different way By drawing a trend line you could easily identify our entry point, if you are a conservative player you should enter after the third touch, but in the pic:1  shows that third time price broke the trend line which made it invalid for  trade bounce.




What to look for in an online Forex Firm/broker:



·       Low spreads - In Forex Trading the ‘spread’ is the difference between the buy and sell price of any given currency pair. The lower the spread saves the trader money. Most firms offer 4-5 pip spreads in the Major Currency pairs. The best firms offer clients 3-5 pips.
·       Low minimum account opening - Those who are new to trading, and for those that don’t have thousands of dollars in risk capital to trade, being able to open a mini trading account with only $200 is a great feature for new traders.
·       Instant automatic execution of your orders - This is very important when choosing a Forex firm.
·        You want instant execution of your orders and the price you see and ‘click’ is the price that you should get. Don’t settle with a firm that re-quotes you when you click on a price or a firm that allows for price ‘slippage’. This is very important when trading for small profits.
·       Free charting and technical analysis - You need a firm that gives you access to the best charting and technical analysis available to active traders. The firm that I recommend gives clients FREE professional charting services and even allows traders to trade directly on the charts!
·       High leverage - You want high leverage - the ability to trade a large amount with a small margin deposit. Some of the best firms offer .25% or 400:1 leverage.

·       Hedging capability - You want the flexibility of opening positions on the same currency pair in opposite directions without them eliminating each other and without margin increase!

Friday, March 18, 2016

What takes to make money in forex!

We are programmed to be competitive and defend our opinion and notion.Our society teaches us to be like that too,more or often thats a good indication,healthy competition is  not a bad thing,but in trading all our common human behavior seems to work against us.The more we try to compete with the market ,more we try to defend our opinion ,we will dig hole for us.
In trading, only logic prevail,emotion has no place in math but think of us, without emotion is like,fish without water,emotion is a huge part of our life.Emotion makes our life beautiful,
So is it  impossible to ask a trader to trade like robot or some of us robot like, very less emotion only logic dictate their life.

Thursday, March 17, 2016

Few trades from my forex trading

Most of my trades based on market supply and demand imbalance ,in a certain market condition the number of buyers and sellers should be equal.This is the nature of the trading,but when the underlying supply and demand for the particular currency changes dramatically ,we see the market movement either up or down.That makes trading more of a waiting game for me.



Monday, February 15, 2016

What make traders lose money in Forex:


1.       Lack of knowledge about the market dynamics.
2.       Using leverage like crazy.
3.       Not trading Forex as business.
4.       Try to cut short the learning curve.
5.       False hope from the marketing hype.
6.       Lack of capital to make it in Forex.
7.       Trading Wrong trading strategy.
8.       Too complex trading strategy
9.       Too ambitious and high expectation in trading
10.   No faith in your system
11.   Not giving yourself and your system enough time to prove.
12.   Trading without money management skill.
13.   Using wrong money management.
14.   Not analysis your trading outcome regularly.
15.   Not able to understand what works for you and what doesn’t.
16.   Identity crisis as trader.
17.   Not enough knowledge in basic computer skill

18.   Trading too small time frame.

Tuesday, April 28, 2015

10 Reasons why traders find trading So Difficult;


  1. Your stop can be hit and then the market go in the direction you were positioned for.
  2. Sometimes that pullback that you are waiting for to buy never comes until the trend is over.
  3. Sometimes every momentum signal you buy will be a loser for a long time.
  4. Many times the market whipsaws you in a position for absolutely no reason you can understand.
  5. Sometimes your biggest position sizes are losing trades and your smallest position sizes are the winners.
  6. There is no ‘market’ you are trading against a herd of people all making decisions for many different reasons, and they are not predictable.
  7. You can feel foolish under performing buy and holders during straight up bull markets when you’re trading in and out.
  8. Some trading lessons can’t be learned they have to be experienced with real money.
  9. Money is made and kept based on the math of probabilities, risk, and reward not because a trader is the smartest but because they are the most flexible and adaptable.
 by 

Monday, April 20, 2015

How to improve your trading psychology:


1.       Study successful traders, try to understand the reason behind their success, was it the innovative strategy gave them the success or the mindset.
2.       Get some books written by real traders, when I said real traders I mean traders become writer not writer become trader.
3.       Do some business management course, it will open your eyes, you will know, what have you been doing wrong and how to become a successful business manager.
4.       Manage your time do something when you are not trading, write a book, paint or teach someone how to trade or something that you like. Don’t just sit in front of the screen; you need to manage your time properly that you can handle the stress with logic.
5.       Set an overall vision of your future, include every in this vision. Make a set by step plan to implement the vision.
6.       Start everything small and realistic so that you become skilled risk manager when your capital grew to a sizable amount.

7.       Enjoy the benefit of your work, like any other job, you work, you get paid for that, your approach should be like this.

Tuesday, April 7, 2015

How to gain long term success in trading!



Over the period of twelve years, I was fortunate to get to know many traders from different background. It is amazing, how common their approach towards trading is. I am not an outsider; I had the same approach when I started trading, I had no idea what trading was, but I started trading with big amount money. It is somehow in people’s mind that trading is very easy and anyone can make fortune in this business. But you know the truth; it is so difficult to make consistent profit in this market, no matter what some people say. If you know it is difficult then your will approach will be  completely different, you will be spend more time to learn the business and you will afraid to place your foot in to the market. It is important to be afraid and keep on learning.

To be continue ............

Monday, February 16, 2015

Flipper Forex trading course pro.

Module 1

Unit 1: Introduction to Forex .
Unit 2: how the Forex market works.
Unit 3: why should you trade Forex .
Unit 4 basics you need to know to start Forex trading.
Unit 5: fundamentals indicators of the currency market.
Unit 6: how to read a chart like pro.
Unit 7 : Trade Forex using only horizontal support and resistance.
Unit 8: How to trade Forex using trend line bounce.
Unit 9: Trend line breakout and price measured move.
Unit 10: How to Trade channel bounce and breakout.
Unit 11: trading candlestick pattern combine with support and resistance.
Unit 12: trading price pattern with price action.
Unit 13: trade breakout without failure.             
Unit 14: how to trade second test with more success.
Unit 15: Understanding market manipulation and trade like one of them.
Unit 16: how to know and trade market peak and bottom.
Unit 17: how to trade moving average high low close with success.
Unit 18: how to trade moving average crossover with success.

Module 2:

Unit 1: How much money can you make trading forex ?
Unit 2: why trading is a mental game?
Unit 3: Psychology of a winning trader.
Unit 4: how to trade like robot and compounding your capital.

Module 3:

Unit 1:   Trading system 1
Unit 2:   Trading system 2

Unit 3 :  Trading system 3

Thursday, February 12, 2015

I am a real trader because i am wrong a lot,but still make money.

99 pips inGBP/AUD ,35 pips in GBP/USD




Forex, how to win it?

Power of price action, confluence with pattern analysis is the answer to success in the Forex market. Unpredictability of market can never be overcome but if you contribute to this chaos than there is no way you will survive in this market for long. I was mentoring a traders last month, I was so surprised how random people can be, there is no predictability in human behavior at all? I taught him importance of capital management and preservation but when he started trading in demo, his random behavior started show when there is a drawdown .Is it too tough to be tough when comes to trading. My advice to traders how are still not profitable, please drop your natural act (we are naturally random) be super discipline, you will amazed how your trading improve

Monday, September 3, 2012

Result August 2012






Not an exciting month in any aspect of trading. Market is extremely volatile and it stroke my return on capital.

Sunday, July 1, 2012

Trade results june 2012







I made few trades based on longer term time frame ,you can also see i made few good trades ,over 100 pips gain.I wish to continue more on quality set up other then quantity of trades.

Thursday, June 7, 2012

Some trades from today









I had a busy trading day, went for few trades and missed a good one. Looks like I shouldn’t have got out of the USD-CAD ,all others looks good.

Friday, June 1, 2012

Monthly trade report







I have decided to post monthly trade report of one of my account, just to show the power of compounding to my students.