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Browse every published article connected to Jose "Jay" Molina, with exact attribution and full-archive search.
Articles
Browse every published article connected to Jose "Jay" Molina, or search within this exact expert archive.
Today I’m going to be talking about an issue that many Forex traders face. Knowing how to balance your life with your Currency trading career can often be difficult sometimes (particularly for people that trade the foreign exchange market full-time). In this article I will coach you on how I balance FX trading with my family and my life away from the monitors.
A few months ago I had the opportunity to work with a Fx trader who was well funded but he was not able to get the profits he wanted. He contacted me after reading a few of my best online trading articles. After several meetings we were able to find a suitable trading strategy and money management plan to fit his trading goals. However, he had lost $30,000 from his hard earned money and he was been a victim of the psychological manipulation of the market.
Being a Forex trader you are going to have to develop many different skills as well as developing reactions to various trading scenarios. Sometimes it's easier said than done. After helping many traders, I have noticed that the majority of them are unsuccessful at Forex strategy trading for the same reason, they over-trade. But exactly how do you know when you're over-trading? Here’s a quick guide that will help you recognize when you're over-trading and how to stop it. How many strategies are you currently using?
Fundamental analysis is the research of how the global events and news affect the currency markets. In this edition of my Forex strategy trading Hints I will be teaching you how I you can use fundamental indicators to help you take better trading decisions. The use of fundamental analysis in the foreign currency market is done by utilizing economic indicators. These fundamental indicators provide you with economical conditions of a country that can assist you to assess the state of a country’s currency.
The Forex industry is flooded of tricks and so called Forex “gurus” who don’t even trade themselves! As a result numerous forex traders are misled and have a truly hard time finding the best Forex currency trading software. In this article I would like to share with you a list of beneficial tricks on how to find the best Forex currency trading software for you.
Trading the Foreign exchange can provide you with the ability to expand your income, secure your family’s financial future, and achieve true financial freedom. On the other hand, there are additional strategies to make money as a Fx trader than by trading. Several traders from all across the globe have been creating a second stream from Foreign exchange with no sales, customer service, overhead, or high initial costs.
Everyday more and more people are discovering the great opportunity that Forex represents. A lot of investors already are making money from the foreign exchange market, making a recession-proof income stream, and in many cases making a living by trading the markets daily. In this edition of my foreign currency exchange trading tips you'll learn how I built a solid trading career and how you can do it too. Use proper business practices:
As a foreign exchange trader I am studying new things each and every day and I greatly enjoy to discuss them with my fans and guests. Today I missed a trade and I was impressively tempted to chase, however; I sticked to my trading plan and let it go. As I was being tempted by the foreign exchange “devil” I realized 5 things that make me stop and not chase this trade. I hope you find these Forex professional system trading strategies useful and enriching. You will be subject to the mental manipulation of the market:
Trading the Forex is a journey of self discovery and self control. Personally, my life changed drastically when I became a Forex trader. I realized that the world was not what they told me as a young man it was. I was taught by my parents (and society) that you go to school, then have a job (a 9 to 5 job), and then achieve your dreams. Firstly, when I first started to work I realized it was not that easy to make money and get ahead in life. Eventually I stumbled onto Currency trading, and from the time I became a trader my entire life changed and I never looked back.
Trading in the forex market once was the domain of banks and large banking institutions; nowadays though, it has become offered to the average individual, because of computers and the Internet. With the proliferation of a lot of Forex trading software systems, along with the simple fact that one can get started with a mere $100 (or even less) to open up a Forex trading account, it is no wonder that the average daily turnover of the global foreign exchange market has expanded to almost $4 trillion in April 2010 vs. $1.7 trillion in 1998.
Precisely what does it mean to become a consistent trader? It means to stick to your trading plan, strategy, and trading system under any market conditions. The ability to be consistent and have the confidence to follow along with your strategy and trading plan is critical to accomplish great results. In this section of my foreign currency exchange trading tips series I will be covering the main benefits of perseverance and being a consistent Fx trader.
As I was planning to trade the Forex market today I followed my everyday pre-trading routine. I follow literally the same routine on a regular basis and it assists me to become more organized and proficient as a trader and as a businessman. As part of my Forex strategy trading strategies I would like to share with you a checklist that every Forex trader should use in order to become more effective, more organized, and expand your return on investment.
The psychological part of trading better known as trading psychology is frequently overlooked by almost all Forex traders. Because of this, these traders suffer from the psychological manipulation of the markets. The reality is that the markets and currency prices are an expression of what forex traders are feeling. For illustration, whenever Fx traders are feeling doubtful a support or resistance level is created. The emotions that are felt by the market individuals determine what currency prices will do next.
As most traders I started by trying to puzzle out Forex currency trading alone. I was always in search of new ways to learn more, make more money, and be a better trader. Many people also tried to feed me lies, gimmicks, and sales pitches but I didn’t buy into them. Becoming profitable at Forex strategy trading has not been simple and it took a great amount of work and effort. During my journey to become a profitable trader I learned one of the biggest Forex secrets.
The benefit of automation goes far beyond the capacity to stay away from the computer for lengthened periods of time. Automation allows for more trades than manual execution, and even more importantly, takes away the unsafe factor of non sense human emotion from trading. Automation is the New Traderrnr
Today I would like to share with you 6 reasons why the Forex should really be a part of your investment strategy and trading portfolio. Forex is entirely different when compared with any other financial market in the world and I'm going to show you why; let’s get started with this release of our currency trading tips. Free Demo Accounts:
I’m writing this article after I spoke with one of my traders earlier this week and she was asking me about how to exactly to discover high probability trades to profit from the markets. Forex strategy trading requires you to follow your trading plan, be disciplined, and only trade high probability trades.r
Over the last few years many so called “finance authorities” have been sharing thousands of methods to obtain financial freedom. An essential thing to keep in mind is that a lot of these individuals you hear about are unique examples and a lot of times what previously worked for them might not work for you. In this section of my currency trading tips series I would really like to discuss with you 2 reasons why I believe fx trading can create quite a lot of “unique” success stories and can allow you to achieve true financial freedom.
Trading the FX Market takes a lot of hard work, effort, research, and a number of times even a little bit of luck. In the years that I have as a full time trader I have met very effective traders and after talking to them I uncovered that about 90% to 95% of them have had a coach that helped them to become lucrative. In this section of my online trading reviews I would like to provide you with 4 reasons why you should have a Forex mentor who can guide you and help you accomplish your goals. Have somebody to help you when trading gets hard:
Foreign Currency Exchange Trading can be one of the most profitable investments any individual can make. There are a great number of positive aspects of trading Forex… it is a 24/7 market, most of the trading is electronic, you can use a substantial amount of leverage to maximize your potential earnings, and much more. Unfortunately, there are common mistakes that seem to be made by each and every newbie fx trader and sometimes even the pros.
In this article I would like to discuss 3 currency trading tips that can help anybody who would like to trade the foreign exchange market for a living. It's not simple to make the transition from your part time or sporadic Fx trader to a full time Forex trader. Your lifestyle will change in several ways and the transition is as important as the way you will trade the markets. In this particular occasion I'll be teaching how I made the transition from working a 9-5 job to trading the markets for a living.
Forex currency trading has created several rich individuals in the past few years and it will continue to create a lot of more affluent individuals. Being a Forex trader is usually quite simple but it doesn’t mean that is easy. There are lots of things to consider which include:
Investing has been for hundreds of years the easiest way to maximize one’s capital and wealth. It is technically impossible to become wealthy by just having a job. The basic principle behind employment is that you exchange your time for a preset sum of money. The problem with this is that you only have 24 hours a day you can exchange for income.
In the last couple of years I have realized that almost all unprofitable Forex traders make the same mistakes and lack the same amount of information. The problem is that to put it together and become profitable a Forex trader needs to develop several different skills. In this currency trading tips article you will lea 5 things that most unprofitable Forex traders don’t know.
Trading the Foreign exchange market takes a great deal of dedication, patience, and sometimes even a bit of luck. Unfortunately, most traders have a very hard time putting it all together and staying focus. For this reason many people decide to get a professional Forex trader to manage their money with a Forex managed account.
There has always been a discussion about what form of trading is better, automated or discretionary. Folks within the Currency exchange community read online trading reviews , trading articles, watch trading videos, and are always looking to get as much information and resources as they possibly can. The problem is that many of these traders come to be overwhelmed with the extensive amount of information available online. Moreover, many times they are misled by so called “Forex gurus” who many times don’t even trade the markets and are actually just online marketers.
Within the last few months I have been developing several trading systems that are brought to life by utilizing a set of simple trading indicators. The best part of it is that many of them are quite successful and simple to utilize. A few days ago I back tested a set of absolutely free Forex software tools that have made an overall total of 185% in the last 12 months by trading only 1% per trade.
Metatrader 4 is the most popular Foreign currency trading platform available on the web. Metatrader 4 or MT4 in abbreviation is used by thousands and thousands of traders and it always gets the best online trading reviews in terms of trading platforms. Several useful indicators, charts, and trading tools: Metatrader is full with indicators, scripts, technical analysis tools and several other add-ons that will help you perform your trading analysis efficiently. Aside from that, they give you you multiple time frames, and a lot of currency pairs to trade.
Welcome back. Having a profitable trading Forex trading system is undoubtedly important but you are the only person that can make the strategy work. As an example, you can read my foreign currency exchange trading tips. However, you may not make any one of my tips work for you until you take control of your trading and apply them to you trading.
There is an old Chinese saying that says “Good things take time” and completely lucrative investments do too. As a fx trader I have found out that the more patient you are the more capital you get from your trading venture. Forex strategy trading is all about making intelligent choices at the right time. In this article I would like you go over how you can acquire the necessary amount of patience for successful currency exchange trading.
In this article, we will discuss 3 of the finest online trading tactics for Forex strategy trading. There's no question that most technological advancements have occurred in the last decade, signaling a revolution in the online trading field, particularly Forex. Thus, if you want to get to the top and become a profitable trader, these include 3 essential things that you have to remember to become successful in Forex:r
Here are some tricks to get you started. Entire books have been written about each one of these subjects, no joke. Hopefully this post will get you thinking in the right direction. I'll try to go into more detail on each subject in the coming weeks. Be sure you check back frequently - we are adding additional information and new Forex strategy trading tips continuously. Become a Smart Traderrnr
A few years ago I had the opportunity to instruct and assist a Forex trader who was trying to become a full time Forex trader and trade for a living. He asked me to coach him one on one and he needed me to be his mentor. I used many of my Forex secret trading techniques and after only a few months of training he was already profitable and trading full time. We are still working together on strategy development and market research.
In the last handful of years the international economic climate has been facing a financial crisis that has not been seen since the crisis of the 1920’s. On top of that, the value of the US dollar has been going down for over the last ten years as the US government has literally created millions of dollars what has flooded the world with dollars and devaluating the US dollar.
Creating a trading plan is an important part of having a successful trading career. It is outstanding the quantity of traders that don’t use a trading plan and still wonder why they are not making money. In this edition of my foreign currency exchange trading tips I will be explaining how to write a trading plan that will allow you to trade profitably and raise your capital month after month. What is a trading plan?
One good trade could make you a lot of money, although persistence may well produce millions of dollars over and over. The profitability of consistency requires two levels: the first is the consistency of your strategy, and the second is your consistency in following through with your strategy. In these foreign currency exchange trading tips you will learn how the power of being consistent can produce amazing results for you. Do not Back Down From Winning Strategies:
Trading the Forex is not like the stock market where they are governed by the SEC. In Forex most of the trading is done through online trading platforms and a network of banking brokers. A great portion of the capital that is exchanges comes from only five percent of the large banks and large corporations. The other 95% comes from smaller investors who may have a few thousand dollars in their account to play with.
Quite a few books have already been written concerning how to generate profits in the market. Many of these books can be really useful when you are trying to learn new techniques to take advantage of the Forex. However, what you don’t see often are books or articles that teach you how to react and take losses.
Every person has different needs and life styles and as a result, trading is not a one-size fits all business. Today I'm going to be going over the various trading styles within Currency trading and how they might fit your life and investment needs. I hope you find my currency trading tips practical. Scalpingrnr
Most Forex investors do not understand the fact that their personality will have a high influence on their trading career. Regardless if you are a discretionary trader who takes all his trades manually or you use automated Forex strategy trading systems, your personality will have an effect on your trading success.
One of the things that transformed my trading career was the Fx mentors I had at the beginning of my career. This helped me to learn from the greatest fx traders (folks that had been managing millions) and cut the learning curve to a few months, instead of years. I read hundred of online trading reviews and I even bought quite a few trading systems nevertheless they usually performed badly. This is when I made a decision that if I was going to get anywhere as a Trader I was going to need to take my financial future on my own hands.
Welcome back, I hope you have enjoyed all the previous articles and Forex strategy trading tips. In this particular occasion, I would like to talk to you about 5 powerful Forex strategy trading tips that I learned from a professional Forex trader I used to work together with. Never chase a trade: If you've been trading for some time you may have already missed out in some good trades. This is a situation that each and every trader must go through, however; if you want to be consistent and a profitable trader you have to be sure you do not chase trades.
Society tells us that we need to go to school, get a secure job, get married, and then be happy forever, right? Well, the fact is that this life model is very obsolete and I identified this flaw is our system ever since my first years in college. Later on my life I also decided that if I wanted to get anywhere I was going to have to take my future on my own hands, so I did. Back then I was working full time as a business developer for a “Forex guru” who was operating a trading software business. I liked my job but I was working myself to the bone and didn’t have any leisure time.