Forex Video Zone

Why do most traders hold their trading positions longer than they should? Stuart McPhee retells how a little trading experiment provided amazing insight into common trading mistakes.The fact is, most people don’t follow their system once their money is in the market and looking back it can be difficult to reason why.
Create a trading plan and stick to it. Successful traders have a plan. Highly profitable winners have a plan developed with their own trading coach. Without a coach and a plan, both new and seasoned traders are sure to fail in the markets.

Watch the latest analysis of the USD/CHF, USD/HUF Forex pairs for the January 27th in this video. USD/CHF — On Thursday session the pair reached the 0.9200 handle and formed a hammer candle on the daily chart. This is seen as a excellent buy signal. A break of the top of this hammer candle has its buying and this pair retesting the 0.9600 signal. A break of the lows of this hammer candle would have concerned about the Dollar strength and is seen as a signal to sell and this pair reaching the 0.9000 level. A bounce from here is wouldn’t be surprising and we have got a decent support here based upon the cluster previously and as such we feel that this is a upward biased pair in the long term. USD/HUF — This isn’t pair most people talk about. However, with Hungary being the epicenter of massive debt concerns in Europe as a whole — this pair is worth watching. Looking at the Fibonacci in the daily chart, we are at the 50% retracement at 223.00 level. This is seen as fairly significant level with hammer formed in the daily chart and this looks like Dollar could be strong again. The reason to bring this chart into consideration is that it is a good way to judge Europe, as the Hungarian Forint is right there when you look at the ugliest currency. A break on the top of this hammer candle we will be going long for this pair.

Watch the latest analysis of the EUR/USD, EUR/JPY Forex pairs for the January 27th in this video. EUR/USD — We had a little bit of a breakout from the resistance zone marked as seen on the daily chart. We encounterd resistance at 1.32 level and formed a shooting star on the daily chart. On the break of the bottom of the Thursday session we would expect this pair to fall to the bottom of the resistance at 1.29 level. The break of the Thursday lows does setup at the least a nice little short term drop. The trend is down and on break of the lows, we will be selling this pair The break of the highs is seen as bullish. However break of the lows looks more likely. EUR/JPY — This pair popped for a couple of sessions in a row and broken through the 100.00 level. However it has turned around as we got close to the 102.00 area, which of course has been a bit of resistance in the recent past. The Yen turned around against other currencies on Thursday. A break of the bottom of the candle from Thursday is seen as a retest of the 100.00 level before going higher. A break of the highs of this candle from Thursday session clears the 102.00 level and running into signficant resistance at 104.00 and 105.00 levels.

Determine the maximum amount of capital you are prepared to lose in one trade.
Like the professional poker player I met, you might set your limit at 2%. In Market Wizard Larry Hite recommends not going beyond 1%. Other professional traders say 0.25%. You need to find the sweet spot to match your trading float this is the key to reducing your trading losses.
Set a predefined point at which you admit defeat and exit the trade. When you enter a position, you never know where you are in the trend. The trend might be in the middle of its run or at its end. Thats why you must set your initial stop.
Its like saying, If a particular trade doesnt do what I thought it would, Im going to get out. Generally, short—term traders will set their stops closer to the price, while longer term traders tend to give their trades a little more room to move.

In this video, you will learn how trading with a dealing desk works.
Generally, Dealing Desks typically have relationships with multiple
banks and market makers. This video explains about how Execution, Requotes and Conflicts of Interest are carried out with Dealing desks.

Watch the latest analysis of the USD/JPY, USD/CHF Forex pairs for the January 26th in this video. USD/JPY — We initially shot straight up for the session and got top of the resistnace zone at 78.25 level on Wednesday session as the Dollar was strong for the first part of the session. As the Federal reserve announced a low interest rate until 2014, resulting candle is a perfect shooting star in a area that would dictate resistance. This shows another reason to sell the Dollar. Classic technic analysis has its selling on the break of the lows from Wednesday session, as we continue to grind lower we do see 76.50 as a major problem. Its not a long term trade. The 80.00 level above should keep the market under bearish pressure for the foreseeable future. USD/CHF — This pair initially rose and fell again on Thursday session as Mr. Bernanke continued his war on the USD. The 0.9200 level below is the line in sand for us. f we can get a supportive candle — it would be a great place to buy. and if this support level gives away then it is a very bearish sign. A daily close below the 0.9200 level would have us selling. The EUR/CHF pair need to stay above the 1.20 level which is the floor set by SNB. If it doesn’t then the SNB will intervene. If the SNB intervenes, then this pair will rise along with the EUR/CHF pair.

Watch the latest analysis of the AUD/USD, NZD/USD Forex pairs for the January 26th in this video. AUD/USD — We broke out of the triangle as seen in the daily chart. During the Wednesday session this pair initially fell and bounced once the Federal reserve announced a low interest rate until the end of 2014. The Hammer from the Tuesday session shows support at the 1.04 level. All things looking good for the AUD currently. We will be buying on dips for this pair and certainly won’t sell at this point of time. NZD/USD — We had same reaction but not a triangle. We initially had a dip and tested close to the 0.8000 level, got down to 0.8035 or so and skyrocketed. We are in a upward sloping channel. So its looking bullish. We will be buying on dips as long as we stay above the 0.8000 level. It would take a daily close below the 0.8000 level to even consider selling this pair.

This video is 42nd lesson in a series on technical analysis for  active traders of forex markets. A look at how the make up of the Retail Sales number and how this economic indicator moves the forex market.

In this video Stuart McPhee talks about the search for the holy grail of trading. Traders and investors have always dreamed of magical formulas or Holy Grails enabling them to beat the market and reap huge profits. Pursuing Holy Grails only ends in disaster. For example, among the garbage you will find out there: black boxes or secretive computer systems where the rules are hidden. Black box systems lose in the real world. They are useless. The absolute key is a proper overall education.
Stuart advises that “Trading is like any other profession. You need to learn the basics, then develop and hone your skills through application. You are only going to succeed if you commit yourself to the task, as the only thing stopping you being highly profitable is yourself!”

In this video, Rob Booker answers us the big question about which broker is the best and the most honest. Booker reviews important questions as where the broker is located, how large it is and how it is managing your money. All these tips to avoid you negative experiences in the future.