Trading forex news releases requires a tremendous amount of composure, preparation and a well-defined strategy. Without these qualities, traders can easily get swept up in all the excitement of a fast-moving market to their detriment. This article provides useful strategies on how to trade forex news during a major news release. There are two common strategies for trading forex at the news release. Initial Spike Fade strategy News Straddle strategy Initial Spike Fade Strategy: This strategy looks to capitalize on an overreaction in the market over the short term by fading the initial move. This strategy suits reversal traders, scalpers and day traders due to fast moving and erratic pricing that often follows a major news release. News Straddle Strategy: The news straddle strategy is perfect for traders expecting a huge surge in volatility but are unsure of the direction. This strategy lends its name from a typical straddle strategy in the world of options trading as it uses the sa...

  MASS PSYCHOLOGY: Traders can be divided into three groups: BUYERS, SELLERS, and UNDECIDED! BUYERS: want to pay as little as possible. SELLERS: want to charge as much as possible. UNDECIDED: Are putting pressure Their permanent conflict is reflected in bid-ask spreads, “ASK” is what a seller asks for his merchandise. “BID” is what a buyer offers for that merchandise. A buyer has a choice: to wait until prices come down or pay what the sellers. demand. A seller has a similar choice: wait until prices rise or accept a lower offer. for his merchandise. A trade occurs when there is a momentary meeting of two minds: an eager bull agrees to a seller’s terms and pays up, or an eager bear agrees to a buyer’s terms and sells a little cheaper. The presence of UNDECIDED traders puts pressure on bulls and bears. Buyers and sellers move fast because they know that they’re surrounded by a crowd of undecided traders who may step in and snatch away PURCHASING POWER!

90 days Trading Challenge  90 minutes daily  1 important project (To Hit 6Figures in 90days) No distractions. No interruptions. No excuses. The 90/90/1 Rule 1. Choose your single most important project(it can be Anything From your Trading plan) Which goal would be a total game-changer for you? Something that would shift the trajectory of your life. Make it big. This is your "1" 2. Dedicate your first 90 minutes of the day to this project. As I have Previously said Taking out Time to focus on your Trading Goals is KEY 🔑 Block out 90 minutes on your calendar in the morning. No distractions. If this goal is actually important to you—there should be no excuse to not make time for it. 3. Commit to this for 90 days trading marathon. ( like we're Doing) Here's where it gets tough. Anybody can do it for 1 day. Consistency is what separates the doers from the dreamers.

Traders would benefit from our own self-help organization—I’d call it Losers Anonymous. Why not Traders Anonymous? Because a harsh name helps focus attention on our self-destructive tendencies. After all, Alcoholics Anonymous doesn’t call itself Drinkers Anonymous. As long as you call yourself a loser, you’ll focus on avoiding losses. Several traders have argued against what they thought was the “negative thinking” of Losers Anonymous. A retired woman from Texas, a highly successful trader, described her approach. She is very religious, prays every morning, and then drives to an office where she actively trades. Whenever the market starts moving against her, she cuts her losses very fast because it would not please the Lord for her to lose His money. I thought that our methods were similar. The goal is to cut losses due to some objective, external rule. Trading within a businessman’s risk is like living without alcohol. A trader has to admit that he is a...

Habits are the key in trading the financial Market, remember it's all About PSYCHOLOGY. If you focus on the destination, you'll often fail. focus on the process, the losses, discomfort and Gains. Focus on the habits that will lead to the destination.( Discipline and consistency). If you run every single day, you can run a marathon.If you read every day for 30 minutes, you will read 30+ books per year. Let me Break it down. Daily showing up and Being  consistency towards your trading will make take you to your Desired situation. Start Small( Yes, I know how everyone needs to get $5000, $10,000) you Can start With $1000-$4000 and Learn the ropes. You would get more experience when you trade Small ( well small is relative). Too often you think you need to start too big and: • don't start • crash and burn Instead, start as small as possible. Stack the simple wins out of the gate. These wins compound and build you to where you want to be.

How to Find an Accountability Partner in Trading.  Finding an accountability partner doesn’t have to be a difficult process.  My suggestion is to look for a person who has all (or at least most) of these qualities:   1. Similar goals or interests 2. Familiar with the focus of your goals 3. Positive, driven and persistent 4. Reliable enough to meet on a weekly or bi-weekly basis 5. Strong-willed enough to (nicely) kick you in the butt if you’re slacking. Who this person is depends on the nature of your goals. It can be a friend, family member, colleague or even someone you’ve met on the Internet. For instance, sandy and I connected through our forex training. While I’ve never met her in person, she completely trust my advice because we share a mutual desire to build a successful, content-based Internet business in forex trading.   There are a lot of places to find a great accountability partner: local clubs, business groups,seminars, activity centers (gyms, libraries,...

Upgrade your surroundings when trading, this Helps you stay focus 💯 You are the average of the five people you spend most of your time with, so choose them carefully. Choose 5 people/Coach/mentors  that you would love to learn from and be like! Stop hanging out with people who are an impediment to your growth,Because if You're not progressing, You're Regressing & that affects your PSYCHOLOGY. Be around those who want you to become successful. Have Personal trading goals. don't follow all signals out there!  Focus on your goals. You will be much happier when you tie your life to goals, not people. Become unstoppable and achieve a specific goal; remember why you started, and never lose sight of your objectives. Have a purpose, Don't enter any trades Without a Calculated Risk! There is no life without purpose. Once you find a purpose and give meaning to your life, you start working toward it and living up to your full potential. Remember that everyone has 24 hours a d...

As a trader do a Goal Evaluation Every Three Months.You work hard on your goals every day.  You even review them on a weekly and daily basis. The problem? Some people never take a step back and understand the “why” behind each goal.  In other words, people don’t review their goals to see if they’re actually worth pursuing/Doing.  That’s why it’s important to have a goal evaluation every three months.   What’s the point of a three-month evaluation?  it helps you measure the progression of your long-term Goal. Then you’ll take a look at how your daily actions match your expectations.  And finally you end with an action plan for the next three months.   You can complete a three-month evaluation by asking a few simple questions to yourself: Have I attained the desired outcome from my daily/weekly trading goals ? What were the successful and unsuccessful strategies/tools?   Did I put 100 percent of my effort toward completing these goals? If not, why? ...

Use Accountability to Stay Motivated whilst trading. There is a strong connection between goals and motivation.  Goal setting guides a person in achieving their desired outcomes, while motivation provides the psychological inspiration needed to take action.  You are more likely to take consistent action if you have a true sense of purpose while you work to achieve a goal whether in Trading Or anything else. Your motivation gives you that sense of purpose. Motivation is essential because it sparks both the physical and mental stimulation necessary to achieve your goals.  If your goals are motivating, you feel energized enough to stay committed, work hard and perform tasks in an efficient manner.   Why Do People Feel Unmotivated?   It’s surprising how often we feel unmotivated to do a specific activity—even if we know it’s directly related to an important goal.  There are a few possible reasons why you often get this feeling with a task:    It doesn...

The three pillars of successful trading are psychology , market analysis , and risk management PSYCHOLOGY:  Anchor Goals to an Existing Habit We all follow certain daily routines like eating a bowl of cereal in the morning, watching the evening news or taking your dog for a walk.  You don’t have to “force” yourself to do any ofthese things because they’re ingrained habits.  The good news here is you can take these routines and anchor them with the review habit. same With The TRADING PSYCHOLOGY. RISK MANAGEMENT:  Progress Bar:  It’s another way to add a visual element to all the hard work you’ve done.   For example, let’s say you have this goal: “By April 1, I want to have a total of $20,000 in my savings account through TRADING GOLD that will be used as a down payment on a house.” You could create a progress bar with $0 as the starting point and $20,000. This help you are a trader in knowing when to cut ✂️your losses, enter and exit a trade ! MARKET ANALYS...

Technical analysis will show you the way! Demand is greater than supply,then the market will rise ?:if supply is greater than demand then the market will decline.  what is a Technical analyst?  A Technical analyst is someone who study the price chart for the purpose of identifying the trend in its early stages of development.

Carrying Your trading Goals with You wherever you go, is One of the easiest ways to follow through with the daily Trading.  Try recording goals in a variety of formats so you have constant, instant access to this list.( if You only Know how efficient this is). For example, your goals should be in the following places:  1. A three-ring binder  2. On a sheet of paper that’s kept in your car   3. As a list on your mobile phone   4. Within a folder on apps like Evernote and Dropbox.  5. On 3-inch by 5-inch cards that you keep on you.  6. On a small sheet of paper that’s in your wallet.  7. As a note on your desk, refrigerator and bedside table.   8. As a note on your most-used desktop applications (Microsoft Outlook, Firefox, etc.) You don’t necessarily have to do everything on this list.  The important thing is to make sure your goals are always in front of your eyes or at arms length. Try these various strategies And see the...

As we’ve discussed,  obstacles often get in the way of our trading goals. Sometimes you lose the passion and the drive to push forward on your long-term trading plans.  My advice?  Review your trading goals at least one to three times per day.   How do you “review” trading goals? Here’s a simple process that I follow:  1. Take out your list of trading goals. 2. Read each trading goal slowly and say it out loud. 3. Pause, close your eyes and visualize the feeling of achieving each ling term trading goal. 4. Repeat this procedure for each trading goal. 5. Dedicate five minutes of your day to this habit. Reviewing a trading goal isn’t a simple matter of looking at a goal and imagining a perfect version of you.  What you need to do is turn this activity into a regular routine.

 Are you a trader ? How well do you understand COMMISSION AND SLIPPAGE? Do you understand what it means or how the brokers makes money ? Watch and learn:https://youtu.be/6g3bkPFQtf8

3 things you need to know before you start trading the financial market 1. You need capital. Atleast a minimum of $500. 2. You need a trading plan. 3. You need to keep your mental health in check. You need to understand that trading is EMOTIONAL. ALWAYS keep your emotions in check ! 

1.A loser’s true problem is not account size but overtrading and sloppy money management.  2. He takes risks that are too big for his account size, however small or big. 3. No matter how good his system may be, a streak of bad trades is sure to put him out of business! 

I. Review your trading goals: Review your trading goals on a regular basis. The bare minimum should be once per week, but I actually recommend looking at them first thing in the morning and a couple more times throughout the day.   Consistently reading your goals acts a reminder for why you need to complete certain tasks and how they’re tied into your long-term plans. ( If you intend to become a Professional trader). Develop the habit of creating project lists for every goal.( example : when is the right time to enter a trade, right time to exist as well). List each action in the correct order and be sure to include any daily habits that are required. Set aside time in the first part of the day for the habit and then schedule other blocks of time to work on specific one-time tasks. Other people can help during the times when you’re not feeling motivated. Find others who share a similar interest and meetup on a regular basis. Talk about the challenges you face and ask for their a...

Expect setbacks along the way: Achieving trading goals isn’t always easy. Often unexpected events will pop up that derail your efforts.  Don’t panic when this happens. Simply learn the lesson from the experience and move on. For instance, you could ask the following when you encounter an obstacle: How did this happen? Could I prevent it from happening again? This is you Taking accountability! Does it open the door for a different opportunity?  Does it make me want to stick with my trading goals? do I change my goals ? Or does it create a lack of motivation? We all experience setbacks/losses. The difference between successful traders and the not-so-successful is how they handle them.  If you can gain a little bit of knowledge from each “negative” experience, you can use this information to set better trading goals.  The real secret to getting things done on a consistent basis is to plan out your weeks and schedule goal-specific activities. In the next chapter, we’ll t...

Go for what you want and just do it. If you sit and try to analyze everything, you will see a million reasons why you can’t do it. Don't waste years trying to find a perfect trading system. Then realizing it doesn't exist. Instead,  it's about knowing your goals as a trader and then adopting the right system that fits with it. If and when  the market doesn't reach your entry price, it simply means the market has gone to the opposite direction,  it is unwise to keep waiting instead of entering the trend ( with or without deleting your pending orders).  Remember,  THE TREND IS YOUR FRIEND! 😊

"Stop allowing people fool you into thinking there is a HOLY GRAIL indicator & it's likes to analyse the Market, because there is NONE"❗️ Price Action is KING/BOSS Study the Price Charts. Look for trends & reversal to define Tops & Bottoms. If you know PRICE is BOSS, Why waste time on Bots/E.A/Holy grail indicators that will never beat mathematical or statistical Tools?  That is a rhetorical question!

Eliminate time wasters. Getting rid of distractions is just as important ascreating an active trading plan.  Some common time wasters include never-ending phone conversations, unannounced visitors, prolonged meetings and new projects thatfall into your lap. These Distractions can Easily affect your Trading PSYCHOLOGY.   The best way to eliminate these distractions is to learn how to say “no” when something doesn’t align with your trading time (Always dedicate time To your TRADING like any other business.   Plan your days: Because you’re pursuing multiple goals simultaneously, it’s important to block out time for each one. Allocating enough time slots saves you from being overwhelmed by stress.

Expect setbacks along the way: Achieving your TRADING goals isn’t always easy. Often unexpected events will pop up that derail your efforts.  Don’t panic when this happens. Simply learn the lesson from the experience/losses and move on. For instance, you could ask the following when you encounter an obstacle: How did this happen? Could I prevent it from happening again? Does it open the door for a different opportunity? Does it make me want to stick with my goal? Or does it create a lack of motivation? We all experience setbacks.  The difference between successful people and the not-so-successful is how they handle them. If you can gain a little bit of knowledge from each “negative” experience, you can use this information to set better goals during Your next Trading Techniques. It is worth to note 📝 As you may know, low liquidity can lead to significant volatility and, while market volatility can reveal trading opportunities, it can also increase your exposure to risk. ...

One thing you need to understand in this business is there Re/will always be downtime, The good  The bad  The better  The best and even the worse.  But, like every other business you should be ready for what is to Come, hence I don't encourage trading with your LAST CARD ❗️❗️❗️❗️ "you should NEVER TRADE WITH WHAT YOU CAN'T AFFORD TO LOSE". So when the down time comes, you can always pick yourselves up again!  Remember the  goal is to LEARN FROM PAST MISTAKES AND BECOME BETTER for yourselves,  in so doing you become 1% of the consistent traders who goes and become 1% of the Professional traders! All you need is just 1% Cheers!

  If you’re new to my page, welcome! For those that don’t know me, my name is Chika Alphonsus. My two favorite titles in life is MomPreneur I’m a Business Coach & Financial market Expert. When I’m not nurturing and caring for my family, I nurture and care for my community by helping other women gain or attain the height of FINANCIAL FREEDOM through my foundation: Chika's foundation for women's Aid. The purpose of my page is to provide insight and spark dialogue in showing how you can go from nothing to something, just doing only what you know how to do best You will also catch me dropping BUSSINESS Gems from time to time, and if you’d like to know more, please feel free to inquire about my services or click on the link on my Bio Being a follower/friend of my page is like entering my business world. I expect nothing less than respect from those that follow me. Please respect my page as you would respect someone else’s BUSINESS Rules Engagement for my Page: Take what res...