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Trading Tip: How to Deal with Winning Trades!

In this video, you will learn how to handle to deal with the situation, when you are in profits in forex trading. There are two things that you need to take care of when dealing with a winning trade. You need to protect your profits and also you should aim to maximize your profits from this winning trade. Your trading plan should take care of these two things. […]

Bitcoin Forecast — July 15th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 15th session. Bitcoin/USD — The Friday session was slightly bullish as the market is hovering around the $12,000 level. This market currently, looks range bound between the $10,000 and the $14,000 level. The market has formed a lower high. Also, it is interesting to note that this hammer candlestick on the daily chart was formed above the top of this ascending […]

Gold Forecast — July 15th 2019

In this video, the Trader Guy looks at the commodity, gold for the July 15th session. Gold/USD — The Friday session was slightly bearish for gold. As you can see on the weekly chart, there are two shooting star candlesticks formed at these highs. So, it looks like that this market could pull back a bit to locate for support. To the downside, the 50-period EMA, and the $1,350 level look supportive. Also, the 50% Fibonacci […]

Daily Market News — July 15th 2019

The commodity currencies and the stock market are looking strong. The pound and the greenback are looking bearish. The EUR/USD pair is range bound between the 1.1235 and the 1.1279 level. The resistance levels are 1.1317, 1.1359, and 1.1477. The support levels are 1.250, 1.1235, and 1.1199. The USD/JPY pair has resistance at 108.06 and is looking bearish at the moment. To the downside, the 107.50 level looks supportive. The resistance levels are 108.06, 108.28, and 108.43. The support levels […]

How to Trade Double Tops & Double Bottoms

In this video, you will learn how to trade the double top and the double bottom pattern in forex trading. For example, look at the GBP/USD chart. By placing a horizontal line on these highs, you can see that this is a double top pattern. The market encounters resistance two times at this level. It indicates that a trend reversal is likely. You can enter a short position here with your stop-loss […]

How to Trade EUR/USD: Best Methods!

The EUR/USD pair is one of the most actively traded currency pair in forex trading. It is a very volatile currency pair to trade. The EUR/USD pair is linked to the US and the European economy. So, any announcement from the central banks like the Fed and the ECB are going to affect this pair. Also, the major economic releases like the non-farm payroll report from the US, interest rate announcement from the ECB, etc. […]

EUR/USD and GBP/USD Forecast — July 12th 2019

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 12th session. EUR/USD — Initially, the market rose on Thursday session, but then fell back to form a shooting star candlestick on the daily chart,. To the upside, the 1.1350 level is the target. To the downside, the 1.11 is the target. A rate cut by the Federal Reserve looks likely at the moment. It looks like the market is attempting to form a rounded bottom pattern. […]

Bitcoin Forecast — July 12th 2019

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the July 12th session. Bitcoin/USD — The Thursday session was slightly bearish for bitcoin. It looks like the market is range bound and trying to build up enough momentum to make it again to the upside. So, buying on dips is the way to trade this market at the moment. To the upside, the $15,000 is the target.

Gold Forecast — July 12th 2019

In this video, the Trader Guy looks at the commodity, gold for the July 12th session. Gold/USD — The market initially rallied, but found strong resistance at these highs, and then turned around to the downside. The $1,350 level below looks like the floor in this market. Also, the 50-day EMA below looks supportive. So, pullbacks are seen as buying opportunities. To the upside, the $1,500 is the target. There is a possibility of a rate cut by the Fed […]

How Long Does It Take to Trade for a Living?

Beginner traders start with as low as $100 to start trading forex. They learn about risk management, mastering the trading psychology, etc. as they go through their forex trading career. But that question arises. How long does it take to become consistently profitable? However, trading is not an easy thing to do. Or it is not about getting rich quick overnight. Most retail traders […]

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