Supply and demand are the most important keys in the Forex trading

Supply and demand are the most important keys in the Forex trading

Supply and demand are the most important keys in the Forex trading.

Both have strong impact on trading and make all prices discoveries in the Forex Market.

Demand refers to how much quantity of a product is desired by buyers in Forex Market.

The demanded is the amount of a product people are willing to buy at a certain price.
Supply refers to how much the market can offer and how seller willing to supply when receiving a certain price.

Prices of the pair depend on the demand of the pair. Prices get low when the demand of the pair get slashed.

Supply and demand identify the real value of the market and the major key level in Forex Market which allow trader to play smartly and success in market.

Forex Supply and demand

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Where to enter into a Supply and Demand trade?

Where to enter into a Supply and Demand trade?

Where to enter into a Supply and Demand trade?

A good entry point is very important when trading.
If you step in at the wrong time, you can unnecessarily lose a lot of money, which ultimately would not have been necessary at all.
In this blog I will therefore give you some tips on how you can recognize a good entry point in supply and demand forex trading.
If you practice this properly you will automatically see the correct entry points for every trade.
Very often I get the question where people should get into a trade and it doesn’t have to be difficult just train your eyes!

Let’s take a look at the following chart.
Here you can see the EUR / USD chart.
Here is the price not yet where I could see a possible entry.
But I did explain how I look at it! Just be patient now.

Supply And Demand Forex Trading

In the following example you also see a few nice entry points.
On Supply and Demand Forex Trading, I would personally only use the first and second touch.
Then you see that the price bounces off the Supply zone next candle would be my entry point in this case.
My stop loss will always be some pips above the zone.

Supply And Demand Forex Trading

And here is a final example about a Demand zone.
Do you also see those beautiful entries as I see them?
Of course you can’t immediately take every rejection, there are some other rules that you should definitely pay attention to.
This I explain to you all in my course it is just too much information to tell in just one blog.

Supply And Demand Forex Trading

Oh and I did not state my stop loss here, but if you have paid attention, you now know where I would put my stop loss in this trade.

Yes you already know?

Yes, of course, slightly under the zone!

Do you want to know everything about the trading of Supply and Demand and everything you need to pay attention to?
Then you should definitely follow the Supply and Demand course at the member zone, where I will explain all the secrets to you very well! Sign up to get the Best Forex Training Course.
And don’t forget to send in your homework, of course, so that I can follow if you are on the right track!

“The best thing to do is prepare. If you don’t, on behalf of the other market participants, we thank u!”
Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

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The benefits of tradingview.

The benefits of tradingview.

I myself am a big fan of tradingview and I actually always use it to make my analysis.
I personally think that with the tradingview platform you have a very clear overview and various useful tools that I also like to use.

What is tradingview?

Tradingview is a company that offers an online service to traders.
The most important of these is that they are an in-depth technical analysis tool.
But tradingview is also a platform where you can make contact with other traders from beginners to experts.
On tradingview you can also share your own charts and analysis but also view those of others.
Which can of course also be nice because the life of a trader can sometimes be quite lonely with all those hours behind the charts! LOL.
In tradingview you have a lot of different tools that are very useful when making your technical analysis.
You can also see all kinds of charts on this platform. From Crypto to all pairs of Forex.
Stocks, Futures and Indices.

TradingView Platform

Advantages of TradingView Tool.

It is a clear and well-arranged platform.
Below all the benefits that tradingview offers.

  • Get real-time information and market insights.

    Easy and intuitive for beginners, and powerful enough for advanced chartists – TradingView has all charting tools you need to share and view trading ideas.
    Real-time data and browser-based charts let you do your research from anywhere, since there are no installations or complex setups.
    Just open TradingView on any modern browser and start charting, learning and sharing trading ideas!

  • Never trade alone again.
    Trading the financial markets is lonely.
    TradingView – lets you discover investment ideas and showcase your talents to a large and active community of traders.
    Freely discuss, share and learn with thousands of market participants using TradingView.

     

  • Publish trading ideas and get better at trading.
    Get better at trading and investing by seeing what others are doing.
    Browse published ideas and click Play to see how historical forecasts actually played out.
    Publish trading ideas to your TradingView profile and push them out to Twitter, your blog, or any other place on the web.
    Start making your name in the trading community and get discovered by trading firms!

     

  • Best HTML5 Charts.
    TradingView is intuitive for beginners and powerful for advanced investors. Whether to simply look up the latest stock price, or analyze price patterns with scripts.

     

  • Server Side Alerts.
    TradingView alerts are immediate notifications when the market meet your custom criteria – i.e. “Alert me if Apple drops below $400, or goes outside the Bollinger Bands channel”. You get visual popups, audio signals, text messages (sms) and email alerts right to your phone. There are 12 different alert conditions which can be applied on indicators or drawing tools. All your alerts run on powerful and backed-up servers, so you’ll always get notified when something happens and won’t miss a beat.

     

  • Customized Technical Analysis.
    TradingView comes with over a hundred pre-built studies for an in-depth market analysis, covering the most popular trading concepts and indicators. But we realized that even this isn’t enough for all our users and we built the Pine programming language. Pine script allows you to create and share your own custom studies and signals. A key advantage of Pine script is that any study’s code can easily be modified. Nearly any custom indicator can also be created from scratch.

TradingView

What does tradingview cost?


You can use tradingview for free.
But if you want to get even more out of tradingview, they have different paid options.
As a starting trader you can still get along with the free option i think.
I will say if you do not know  tradingview or have not used it yet, give it a try it is really a best forex trading platform for beginners and your analysis will be even better.
It will also save you a lot of time behind the charts if you set the alarms.

Join Tradingview Here!

Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

 

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The forex women on the rise!

The forex women on the rise!

The forex women on the rise!

More and more women are starting to delve into trading Forex.
It was a real male world for a long time, but now we already know a lot of very good female traders.

Once the Forex market started as a place where a group of men talk about money and where women were not allowed.
But luckily times have changed and the female traders are on the rise!
And I have to admit that there are a lot of good female traders!

 female traders

But why can women be so successful in trading Forex?


First, let’s discuss a few myths.

Myth 1: Women are too careful.
Totally wrong perhaps a woman is generally a bit more careful than a man, they will think about a trade more often and take fewer risks.
But these are the good qualities to be able to take a good trade.
Often you see they don’t rush into a trade but they think good about the trades , so mostly the trades they do take are very successful.
They skip the most common trading mistakes due to a very responsible approach to risk management and end up earning more.
Greed and impulsiveness are nobody’s friends on the global market, and women are perfectly capable of taking reasonable risks without losing control.
After all, they can handle kids, chores, and work at the same time!

Myth 2: Women are too emotional.
Again wrong! What I mainly experienced is that women see it as being very businesslike.
And that there is therefore little emotion involved.
They are also very good at trading according to a plan and often adhere to it.
Where men will sometimes deviate a little more from that and sometimes will be impulsive, you will see this a lot less with female traders.

Well having said this and luckily more and more women are participating in the forex industry. (May be much more!)
What keeps some women away from making money with trading forex?

A big barrier I have heard from female traders is that many women drop out because of the mostly arrogant men in the trading world.
Even though they are super good traders and analysts.
Many men have no problems learning from someone with that chest-pounding cockiness,
but I think modern and mature woman alike don’t want to listen to it let alone pay for it.

Many can agree with this pretty well, but even then, why should they have to navigate the disingenuous put downs and constant barrage of  “I Nailed It” echoing through most testosterone-driven chat/trading rooms?
I think there is something to be said for the Mom-Edict: IF you can’t say anything nice, don’t say anything at all!
But let’s face it: Instagram is full of male traders and pro male trading services who are full of bravado.
The options for finding a quality forex mentors who are humble, encouraging and courteous present a great opportunity for women.

Finally.


I think there is a whole world ahead for the female traders, from which we men can learn a lot.
I make sure that my community is woman friendly and that is also a very important rule in the forex scalpers community.
Let us encourage more women to trade and not discourage!

 female traders

And for the women:

You rock it!
Be the game changer!

 

Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

 

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The top 5 wrong thoughts about forex.

The top 5 wrong thoughts about forex.

The top 5 wrong thoughts about forex.

I have been in Forex for quite a long time now, and I have noticed a lot of things, especially what starting Forex Traders think.
Here are a few things that I have noticed that is completely wrong.
And when you are doomed to fail in the forex business.

1. With forex trading you can get very rich very quickly.

Okay I really hear this very often. People come to me and ask if they can be financially independent within a month.
They think that they can immediately earn a lot of money with the right strategy and that everything is only very beautiful.
But let me help you out of that dream, if it was all that easy, why isn’t the whole world successful in trading forex?
Why didn’t anyone think of it before when it really is such an easy way to make money?
The truth is that you will probably lose a lot of money before you start earning money with forex.
Forex is hard work and with just a good strategy you are not there yet.
You need good risk management, the right mindset and, not unimportantly, a PLAN!
So if you are a person who believes in “professional Forex trader within 7 days”
or maybe “From $ 100 to 1,000,000 in just 1 month trading Forex” I have to disappoint you that is not realistic.

Forex

Forex

2. It’s oke to move or not using a stop loss at all.

What’s wrong with you? No really what’s wrong with you?
Why won’t you use a stoploss or why would you move your stoploss if your trade turns out to go the other way?
I assume you want to use a good risk / reward?
Then I tell you now if you do not use that stoploss or keep moving, you will never make it at all in the forex industry.
Rule number 1 in forex is then I think you should keep your losses as small as possible!
You are you going to move your stop loss and then?
So it can still hit your stoploss with a high probability and you will lose even more money?
Please stop doing that and stick to your plan!

3. Binary options is the best way to get rich in the forex!

No no no. Do you want to gamble? then go to the casino!
Binary options is just guessing which way the price goes.
Seriously, but no meaningful analysis can be made.
If you are lucky you earn money, but if you are not lucky you can just lose all your capital.
I am therefore annoyed by all those fake ads in binary options.
Binary options is not trading but simply gambling.
My advice is to read about  it carefully before you get involved with something like that, please!
And don’t start with Binary options if you really want to make forex your job.

4. You can easily do your analysis on an M5 time frame.

Sure you can do an analysis on an M1 or M5 timeframe.
But I don’t really know anyone who is really successful with that, at least not over a longer period.
Really seriously you make an analysis the best on the higher time frames these are strong.
Use the H4 and the H1 or even the daily you can use.
Believe me if you let go of these thoughts you will get very far. Never forget the higher time frame is the key for a good analysis!

5. The more indicators you use, the stronger your analysis!

Oh yes really? Sometimes I see charts, well, maybe I should call it paintings with dozens of indicators.
I really wonder if they can still see what they are doing.
I mean can you work well in a messy office?
Or are you more easily distracted from your work? I certainly do!
So cut it! Keep your charts clean and simple.
Make sure you keep an overview of what exactly you are doing.
See trading as reading a good book, a book that is fully scratched is no longer readable right?

Forex

Forex

Want to know more about trading in forex / trader mindset or do you want to join the forex group?
The forex group is mainly English!
Please contact me so that I can explain you much more about what we have to offer.
And all your questions can be verbs.

Looking for good Forex education? Look at www.theforexscalpers.com
The best Broker? Look at  IC MARKETS.

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