Forex trading philippines broker

Forex trading philippines broker

Author: Jamaica On: 25.06.2017

This is my first week after I made a new goal and reached a new milestone in my forex trading. The last forex analysis proved to be a success for me. There is a very clear reversal pinbar. Large pinbar favoring downtrend. Uptrend BUT this could be a pullback now or possible trend reversal.

Be wary trading for the long term because the weekly and monthly signals are not strong enough to risk big. Make downtrend trades sell on daily and be careful holding position for too long. Be careful of signal expressing uptrend. Very strong indication of downtrend forming. Strong indication of downtrend. Get into downtrend trades. Lookout for reversal signal. A break on resistance. Downtrend going to resistance at But its all downtrend from here. Signal is very strong.

Not sure, but downtrend. But a very good signal for uptrend trades. Its a very good signal to buy uptrend. Weekly is till not clear. Large pinbar telling uptrend. Says pullback is finished.

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Weekly is not clear as to where it wants to go. It is a good day to buy. This is a good buying opportunity. Just be careful holding it for week-long. So where the hell have Forex Philippines ForexPhil been? Traveling, climbing mountains, enjoying nature. You can say that this is a month long vacation for me.

The good thing is forex trading allows me to earn money while on the road. You just need an internet connection and a trusty laptop.

Actually, December and early January have low volume so its best to just enjoy the time off and return when January is almost done. Which is what I did. You can still trade, but I just prefer to stay on the sidelines when its a year end.

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I appreciate the comments on the post about the membership. You guys are cool. So for the people who commented and emailed me expressing their interest… Thank you! So that people can still learn to trade forex even offline. If you want to read it while riding the bus. Print it out and give it to a friend. But the ebook has more. I plan to put in the Ichimoku series which would be cool.

Loving every minute of it. If you want to be updated with the latest post about forex trading, you can enter you email below this page. I will let you know once the membership OR the ebook comes out! Yes folks, its the largest profit I got since I started trading. And this is real money. I pretty much stumbled my way and doubted myself if I even have to pursue trading. I did lost a couple of money and thinking that the money lost is not really lost and just an educational expense much like a school tuition.

I did think of giving up because of consistent losing trades. This is a small success for me and a validation of my efforts and persistence to learn and study different systems and to figure out what kind of system is the right one for my personality.

Lose only the money you can afford to lose. And most importantly, subscribe to my feed if you would like to be updated of what trades I take.

And Merry Christmas to all! Its funny because its true. Even though this article has been written by another trader, it hits the nail right as to the steps and my experiences as well. And it highlights what are the most important thing in trading currency.

This is the first step you take when starting to look into trading. Unfortunately, just like when you first desire to drive a car you think it will be easy — after all, how hard can it be? You take lots of trades and lots of risks. When you enter a trade it turns against you so you reverse and it turns again… and again, and again. You try to turn around your losses by doubling up every time you trade.

This step can last for a week or two of trading but the market is usually swift and you move onto the next stage. Step Two — Conscious Incompetence. Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out.

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You now set about buying systems and e-books galore, read websites based everywhere from USA to the Ukraine. During this time you will be a system nomad — you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work.

This step can last ages and ages — in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer 3 years. This is also the step when you are most likely to give up through sheer frustration. Eventually you do begin to come out of this phase. Step 3 — The Eureka Moment. You realize that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally comes the eureka moment.

The eureka moment causes a new connection to be made in your brain. You suddenly realize that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 minutes. Because of this revelation you stop taking any notice of what anyone thinks — what this news item will do, and what that event will do to the markets.

You become an individual with your own method of trading. The next trade or the one after it or the one after that will have higher odds of success because you know your system works.

You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make. You learn about proper money management and leverage — risk of account etc etc — and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile. The eureka moment came the moment that you truly accepted that you cannot predict the market. Step 4 — Conscious Competence. You are making trades whenever your system tells you to.

You are now at a point where you break even most of the time — day in day out, you will have weeks where you make pips and weeks where you lose pips — generally you are breaking even and not losing money. You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away.

You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently. You will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on. Step Five — Unconscious Competence. You are running on autopilot. This is trading utopia — you have mastered your emotions and you are now a trader with a rapidly growing account.

You recognize yourself in their questions from about two years ago. Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all. All the time you are honing your methods to extract the maximum profit from the market without increasing risk.

A few months ago, I posted about clearing my losses incurred throught a whole year of learning forex. This time, I finally reached my goal when I started this blog. I am writing this 4am in the morning because I can not sleep because of excitement. The most important thing that affected my trading are the books that i read.

Most of the time, I read online blogs of other traders. Doing that you never really know how to trade.

forex trading philippines broker

Because of this i want to know how the mind of a good trader works. I have been receiving a lot of emails lately from people who are interested to start forex trading.

The only recommended website I could point you to in learning forex trading would be babypips. All the basics and intermediate materials that you need to know are there. The best way to use a system is to know yourself. If you are a risk taker and restless, try day trading forex using candle sticks.

If you are a steady investor, try fundamental analysis using macroeconomics. If you are in between, try swing trading. I can not stress this enough, know yourself and then pick your poison. These systems range from robots to pure strategy.

Where else can you find them? For what I know, forex trading in the Philippines is at a very infant stage. I believe there are some companies out there that does this and some gurus teaching the basics.

I think the best way to learn in ANYTHING is just go out there and do it. Demo trading can only get you so far. Without real money on the line you can not feel anything.

And this one will be a different one from a while back that I made. I want the Philippines to be rich and thus have a lot of rich men.

forex trading philippines broker

But no worries, once I have finished all necessary preparations, I wish to invite all of you to this community and this blog will return to regular programming. Its about forex trading systems. Sort of like an introduction. Have a look and let me know what you all think. When people asks me what I do for a living and tell them I have a business called forex trading , people always jump out of joy and ask me to teach them how to do it.

It is a pleasure for me to teach. Only the willingness to ask. There are a lot of forex tutorials, resources and beginner tools on the subject that its quite frustrating now to explain fibonacci, limit orders, SMA, margin and leverage to an average person.

We all have those basic stuff online and for free. If you come across a forex trader in your life, do not scare him away by asking newbie questions. Educate yourself first so you can ask interesting question that would express your willingness to learn. You may build a good relationship with that person and might improve your trading. In a business where your character will be tested, I think everyone should be willing to learn by themselves because after all, it is your money.

First ask the question, what is your goal for trading forex. Is it to become a millionaire overnight? Is it to retire young? Or is it just a vehicle for you for wealth building? Whatever your answer to this question ultimately lead to what kind of strategy you will utilize. Every person is different. And every person have a kind of threshold where he can take a loss and not quit. So learn about yourself. And create your own strategy. And most importantly, be patient and have self discipline.

I do have my personal goal in forex when I started out last year. From our previous post about the Triangle Set up on EURJPY we are now riding the downtrend. Entry made based on: My prediction will be stronger when TS Red line and KS Green line cross for the next few days. Leveraged trading may not be suitable for all investors, so please ensure you fully understand the risks involved and seek independent advice if necessary.

Forex Philippines Forex Trading Philippines Learn Forex Trading Search. Skip to primary content. Skip to secondary content. Forex Philippines About How To Trade Forex Brokers Social Trading Contact. Posted on June 21, by ForexPhil. Posted on June 20, by ForexPhil. Everywhere Traveling, climbing mountains, enjoying nature. The Membership I appreciate the comments on the post about the membership. The eBook What ebook? Posted on June 19, by ForexPhil.

Step Two — Conscious Incompetence Step two is where you realize that there is more work involved in trading and that you might actually have to work a few things out. Step 4 — Conscious Competence You are making trades whenever your system tells you to. Take care and good trading to you all. Posted on June 18, by ForexPhil.

Recommended Websites to Learn Forex Trading The only recommended website I could point you to in learning forex trading would be babypips. What are the Systems Used in Forex Trading? Where to Get These Systems? Is there a Short Course in Forex in the Philippines?

What is the best way to learn forex trading? About my trade Its doing great. Posted on June 17, by ForexPhil. Whatever your goals are in forex, I wish you good luck.

forex trading philippines broker

Posted on June 16, by ForexPhil.

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