TheLastBear
TheLastBear
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TheLastBear
Added topic Never pay for advice or education
There are countless threads where new traders ask similar questions about a forex course which was marketed to them or one-one coaching by a forex ‘guru’. I always give the same response: Never pay for anything when it comes to forex; it is not worth
TheLastBear
Added topic Are you concerned about Egypt?
I know this may come as a bit of an odd question especially to forex traders , but I was wondering if you are concerned at all about what is happening in Egypt. It has not impact at all on major currency crosses and the few exotics which may feel a
TheLastBear
Added topic FX traders, do you buy the equity or bond story?
I know the focus here is on forex trading, but it is always good to keep up with what other assets are doing. The equity story tells a one of strength while the bond story tells us one of weakness in the economy. I am selling the equity story and I
TheLastBear
Added topic Are you a buyer or a seller of…
…the US housing market ? The recovery in the housing market in the US has been cited as one of the major drivers of current economic activity and some believe if housing dips the economy will face another recession. As Bernanke keeps fumbling the
TheLastBear
Added topic USDCHF news
My favorite trade this week is in the USDCHF, and I came across an analysis which is not my own but has a similar conclusion which is why I happily took it and thanks the guys at Paxforex for this chart which made my start into this trading week a
TheLastBear
Added topic Abe wins Upper House
After Abe’s huge electoral victory over the weekend which saw his party gain control of the Upper House and strengthen their position as well as Abe’s mandate. He did confirm that his focus will remain on the Japanese economy and not shift to a
TheLastBear
Added topic What’s next for the U.S. Dollar?
We saw the U.S. Dollar strengthen over the past few trading sessions and most major USD crosses approached multi-week or multi-month highs/lows. Obviously the USD bull camp is now short on vacancies as most dumb money funds as well as retail traders
TheLastBear
Added topic Carney, Draghi, Abe or Bernanke?
I am sure all of you have at least heard of the above gentlemen and either praises them for being somewhat intelligent or laughs at them for being ridiculously idiotic. How would you rank them from best to worst? Here is my list: 1. Carney (I have to
TheLastBear
Added topic US Un-Employment Report on Friday
Another month, another US un-employment report is due on Friday and June has been a weak month and there is no reason for this year to be any different. I think most traders are looking forward to Friday’s employment report which comes in a holiday
TheLastBear
Added topic Last Trading Week of Q2 + H1
We are in our last trading week of the first-quarter as well as first-half of 2013 and I hope that my 2%ers had a good performance so far. A lot of institutional traders will close their positions in order to lock in profits or reduce floating
TheLastBear
Added topic PBOC Anyone?
PBOC stands for People’s Bank of China and they are the central bank of the China and they have now lowered their currency reference rate for a fifth day which represents the longest such streak in their history. The reductions are due to a cash
TheLastBear
Added topic Insufficient Trading Capital
Today I just wanted to touch on yet another newbie mistake which is opening and funding a live account with insufficient funds in order to be able to manage it properly which will eventually lead to your portfolio showing a big round 0. You will read
TheLastBear
Added topic Drop the ‘Get-Rich-Quick’ mentality
I see so many newbies who approach trading with this get rich quick mentality. This is a sure way to ensure your place in the 98%. Those who wish to succeed need to drop the ‘get-rich-quick’ mentality as I can assure you the only thing you will
TheLastBear
Added topic Don’t trade based on hope
Hope and luck have no room in a trader’s dictionary. Never hold on to a losing trade past your risk management level based on hopes that it may turn around. A lot of new traders make the crucial mistake that they adjust their stop loss or hedge level
TheLastBear
Added topic Do you have a role model in trading?
This is a very simple and straight forward question. As humans we tend to pick role models who achieved what we would like to achieve and it is almost a psychological need to have a role model. Role models can be good and help us along the way to
TheLastBear
Added topic Leverage Does not Blow Your Account
It does not matter how much leverage you decide to trade with, it is not the reason why you blow your account. Leverage is a tool and maybe the best tool in trading, but you need to know how to use the tool if you want to use it to your advantage or
TheLastBear
Added topic Trading is a Profession
So many lousy marketing campaigns have created the popular believe that forex trading is right for everyone and you can succeed without too much hassle. As long as you have internet access and a computer you are good to go and enjoy the benefits if
TheLastBear
Added topic Your Profits Are Generated When You Enter Your Trade
Most traders make the mistake that they believe their profits are generated when they exit a trade. This is not the case and your profits are generated when you enter your trade. A good entry level will dictate the rest of your trade, anything from
TheLastBear
Added topic Do you have a New Years Trading Resolution?
Personally I will stick to what I have been doing which earns me about 20% per month so I don't see a reason to change that. I decided to follow my brokers trading recommendations after I followed them for over three months. This should add on
TheLastBear
Added topic Did anyone receive a similar message?
I received an e-mail from my broker who informed me that through the rest of the year they will match my deposit as a thank you for trading with them. Has anyone else received a similar message from their broker
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