2019 is passing by so fast and the Easter Holiday is a couple of hours away. This is just a soft reminder to all traders that liquidity tends to be low and the market usually does not respond to our liking during international holidays. The simple reason being that people take a step back from trading.
Here’s to finding the right footing into currency trading even after being duped. Real life lessons shared from one of our members, Alex Gabriel.
My name is Alex Gabriel and my background is in banking. It was during my days in the banking sector that I was partly exposed to forex trading but
Our minds are naturally programmed to cushion us against any threats and risks in our daily lives. This is why the first thing people do is fight or flight if they’re really pushed to the edge. It is quite obvious by now that the uncertainties in trading are enormous and infinite. The markets don’t
Hello traders I am mambo. My trading journey started about four years ago. Like most of you I went through the IQ options stage then got introduced to mt4 mobile version. Almost all traders I have come across have gone through this stage, well at least 90%. Mine was more of ignorance and a lack of
Questions have been streaming in on what one needs to do to become a trader. I usually try to answer this question by being as real as possible because the idea that is engraved in most people’s minds is that they can take up trading by themselves and do it as a hobby or on the side without
Here’s Part 2 of one of our members George Kironji’s trading journey. Read up for insightful lessons on mastering your own confidence to trade and avoiding dubious “expert” traders locally with selfish interests.
It is no secret that 96% of losing traders are angry and depressed
We will be rolling out some of our members trading journeys, lessons and experiences in our new segment dubbed Trader of the Week. The goal is to demonstrate that our local audience (mostly Kenyan) has what it takes to become professional traders. We hope that by sharing their stories, in some way
In my years of trend trading, this 1st quarter of 2019 has been quite challenging. Price has either been chopping around or has had wild swings and therefore my long-term systems haven’t been generating reliable signal. I switched to my short-term trading system and cut down size in order to
Pending the FOMC interest rate announcement, it looks like the USDJPY could reverse its 8-month uptrend that began in March this year. This currency pair has been consolidating between a resistance level 114.18 and a support level at 112.21, having formed its last Higher low at 112.31.
This pair AUD/USD has been on our radar for quite a while now because it seems that the downtrend beginning early this year is forming a bottom. Clearly momentum began to fade even before it made its last low at 0.7016 and the RSI divergence serves as evidence. A key technical area of resistance