How to use volume in Forex Trading?

How to use volume in Forex Trading?

How to use volume in Forex Trading?

A handy tool that I often use when trading Supply and Demand is volume.
Actually, I always have it there as confirmation for a possible trade.
But what exactly does the volume indicator tell you and how do I use the volume in my trades?
I’ll tell you more about it in this blog.

For me it is important in my strategy to also keep an eye on the volume on the market and especially at certain Supply and Demand levels.
Because the volume can already tell you a lot or can even sometimes give a sign that the price could reverse at a particular Supply and Demand zone.

Just have a look at the image below.

How to use volume in Forex Trading?

How to use volume in Forex Trading?

In the image above we see a nice Supply zone where the price comes for the first time.
And if we simultaneously look at the volume below, we also see that something is happening there.
The high volume already gives us an indication that the buyers are giving the last hard push up.
So this “may” be the first sign of a possible reversal and that the price will fall again.
I put “can” here in parentheses ” because this is not a direct signal to go sell.
For this you have to confim a number of other things before you can determine whether this is a nice sell.

How to use volume in Forex Trading?

And so you can get much more prestige with the volume bar, such as possible fake outs.
Or that there is a bigger indication that price is breaking through the zone.
That’s why I will always advise everyone to always use the volume bar in your charts.
It is a handy tool and can always give you more confirmation of a possible trade.
And sometimes also give an indication in advance which way the price could possibly go.

If you are already a member of the forex scalpers community, I will certainly recommend that you read the chapters about volume very carefully and apply them in your trading.
Are you not yet a member of the forex scalper community and do you want to know all the ins and outs about trading Supply and Demand in combination with the use of the volume bar? Then you can always join the course, I have explained everything clearly and step by step.

Do you want to become Success Supply and Demand Trader or want to know how to trade?
How to use volume in Forex Trading?


If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Questions I Get Asked as a Forex Trader.

Questions I Get Asked as a Forex Trader.

Questions I Get Asked as a Forex Trader.

Every day I am inundated with questions in the email on instagram and other platforms.
Therefore I am going to answer the most frequently asked questions today in this blog.

Many questions also come from the beginners in the Forex market
and for many of you the questions will make no sense but let’s go through them together.

So here are the number 1 most frequently asked questions:

1.  “Where you you think (random currency) is gonna go?”
Questions I Get Asked as a Forex Trader.

Okay, this question is asked very often.
And no unfortunately I am not a clairvoyant and I have no idea where exactly the price will go.
First of all, this question is also super vague and I will appreciate it if you give me a little more information to have a good answer for you.
For example you ask me “Where do you think EUR / USD is going?”
Uhm yes you mean next year? Today? In a week or in a whole month?
And even then I cannot give you an answer with certainty.
There are several things to look out for and my opinion can change every day.
Because we have to sail with the waves.
So if you ever ask me this question you will always receive the same answer:

I have no idea, as no one can know exactly and no more than you can know. / Questions I Get Asked as a Forex Trader.

And that’s not wrong and I’ll be lying if I said I did.
So you know what it is, I review it every day.
For instance when i open my charts and see a nice trade developing, it may change my opinion about another trade and that’s how we look at it from day to day.
But the fact is I can’t tell you exactly where EUR / USD is next month.

2. What do you think of “this” or “this” trader?

I am also asked this question daily and to be very honest with you I am not concerned with that.
Because I am mainly focused on my trading, my companies and of course my community.
So this question is also very pointless to ask me.
Therefore I will never pass judgment on anyone who I do not know personally and not know his way of trading.

3. “Based on (world/political event), what do you think this currency is going to do?”
Questions I Get Asked as a Forex Trader.

I can never give you the answer to this question with certainty.
But with some events you can know certain things.
So for example, when President Trump was elected president,
this was seen as good for the economy and bad for the price of the USD.
Trump wanted exports to go way up, and a cheaper dollar was a big part of that.
So just know that any time a conservative leader is elected, it’s generally seen as good for the economy.

Do you want to become Success Supply and Demand Trader or want to know how to trade?
Questions I Get Asked as a Forex Trader.

If you are a beginner trader and to become a good professional forex trader.
Want to know more about How forex leverage works?
Therefore the Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

How to trade GBP/AUD?

How to trade GBP/AUD?

How to trade GBP/AUD?

How to trade GBP/AUD? The GBP / AUD pair is one of my favorite Forex pairs.
GBP / AUD may not immediately be one of the easiest forex pairs to trade.
And I certainly will not recommend this pair if you have just started trading Forex.
But once you get to know this pair behavior, you can’t help but love it.

The behavior of GBP / AUD.

If you are used to trading EUR / USD you will say that on average this is a somewhat slower pair that also does not have much manipulation.
With GBP / AUD this is different and you can hardly do anything but wait for the manipulation before taking a trade.
It is a more aggressive pair that you will penalize if you take the trade too early.
But the advantage of this is that once you learn to recognize the behavior, it can also give you a lot of pips very quickly.

How to trade GBP/AUD?

How to trade GBP/AUD?

Above we see the chart of GBP / AUD on the h1 timeframe.
From the Supply we can already see that GBP / AUD breaks the baseline twice and then comes back again and closes below the baseline.
For me this would already be a good indication of a possible sell position.
Of course we also pay attention to all other signals and do not immediately take a sell position on them.

The first time the price hits the baseline, you see that the price also goes down, but then up again.
This could probably mean an SL for some traders.
Therefore, always wait with GBP / AUD first and preferably let him get a little deeper into the zone before taking a possible Sell position.
The trick with GBP / AUD is to have a lot of patience and you should absolutely not be bothered by the FOMO.
And if we look at the demand level, we actually see exactly the same thing happening.

How to trade GBP/AUD?

How to trade GBP/AUD?

m30 Timeframe

In the image above I have switched to the m30 time frame, here you can recognize the possible entries even better and take them even faster.
Do you see what I mean?
To be able to see and recognize this, it is better not to have lists of forex pairs open in the beginning.
Preferably choose 3 and get to know them completely.
You often see the behavioral patterns of a specific couple very well.
And so you can learn to trade better.
The trick is not the more the better but the less the more winning trades you will eventually make.

Besides what I have now explained, you should of course pay attention to more things before taking a trade.
Do you want to know what exactly? You will learn all this in the course, but applying it will take some practice.

Do you want to become Success Supply and Demand Trader or want to know how to trade GBP/AUD?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

Do Forex Traders pay tax?

Do Forex Traders pay tax?

Do Forex Traders pay tax?

Do Forex Traders also have to pay tax is the question I get very often.
My answer to that is yes also a Forex Trader pays taxes on his earned assets.
This is of course different in every country and in some countries you do not pay tax, also called a traders paradise.

  • Here is the maximum capital gains tax rate for individuals in some countries:
    -United States 37%
    -Sweden 30%
    -The Netherlands 31%
    -Germany 25%
    -Spain 23%
    -United Kingdom 20%
    -China 20%
    -Greece 15%
    -Russia 13%
    -Switzerland 0%

The rates described above are the maximum capital gain rates.
In many countries the effective tax rate on those types of earnings can be much lower, depending on the total annual income of an individual, as well as on other circumstances.
Also, a number of countries do not have a separate rate for capital gains and the tax is therefore passed on at the same rate as income tax.

How do you calculate the tax you have to pay?

We can determine this from two parts.
The first thing to do is calculate your so-called taxable income.

-In forex, this is the payouts that you have made with the winning forex trades.
Of course you can do this the hard way and calculate every trade you make yourself. It is possible but not convenient.

-Let me make it clear that you really do not have to calculate every winning trade.
No you can do this at the end of the year.
You often also receive a special tax document from your broker at the end of the year.
This makes it all a bit easier, doesn’t it?
So you can use this document for your tax return.

Capital gains and losses / Do Forex Traders pay tax?

We see that it works differently in every country when it comes to paying taxes on your earned forex capital.
Each country has its own rules and percentages.
You can obtain the best advice from your government / tax authorities.
So do this so that you will not be faced with surprises later.

Tax haven for traders.

Of course there are also countries with a very low tax rate or countries where you don’t even pay tax at all.
And let’s be honest, isn’t this a paradise for traders like you and me?
Below I will mention some more countries that are a true paradise for traders and entrepreneurs like us.

-Bahamas
If you are a resident in Bahamas, you pay no tax on your earnings at all, regardless of where you generate your income.
One striking reason behind this is that Bahamas’s earnings are from traveling and offshore industry, but does not rely much on income tax revenues like some other countries.

-Bermuda
No corporate income tax is imposed in Bermuda, resulting in less compliance burden for corporations.
Additionally, regardless of whether you are Bermuda residents or not, you are free from personal income tax and capital gains tax in Bermuda.
There is also no withholding tax levied on dividends, royalties, or payments for technical services in this country.

-The United Arab Emirates
There is no individual income tax, no withholding tax, and no foreign exchange control in the United Arab Emirates.
A 5% VAT tax rate may be applied; however, certain services and goods would be exempt from it.

-Cayman Islands
Dividends, royalties, interests are free from withholding tax in the country, and there is also no VAT tax applied.
No direct taxes would be imposed on its residents.

-Switzerland
Capital gains tax paid in Switzerland depends on whether you are categorized as a private investor or as a professional investor.
Private investors do not pay any tax.

Do you want to know exactly how much tax you pay on your forex income in your country.
The best way to find out exactly is to contact your local tax authority or government.

Do you want to become Success Supply and Demand Trader or want to know how to handle a losing trade?

If you are a beginner trader and to become a good professional forex trader. Want to know more about How forex leverage works? The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

 

 

How to handle a losing trade?

How to handle a losing trade?

How to handle a losing trade?
Let’s face it we all know that every now and then we have to deal with a losing trade.
And this is not bad at all and this is completely part of it.
And if you have good risk management, it doesn’t have to hurt at all.

I think every trader can identify with blowing up your trading account.
This often happens when you have just started trading and you think you are all there with just a good trading strategy.
Then your trade goes into the min and you stick to your strategy and you move your stop loss more and more or you remove it completely.
Eventually the trade keeps going the other way and you get that annoying message from a margin call.
I bet almost all novice traders have had to deal with this at some point.

How to handle a losing trade?

Or simply the fact that you trade too large a lotize on your account that is too small.
This one will also be familiar to many traders, I think especially in the beginning of the trading career.
How painful is it if you lose your entire account with just 1 losing trade that you may have spent months trading it together? ouch!

But how do experienced traders do this, how do they deal with a loss?
It is actually very simple use strict risk management!
Perhaps this is also one of the most important parts that you should learn before you start trading.
Only risk a small percentage of your account at a time!

How to handle a losing trade
How to handle a losing trade?

Give your trade room to move and don’t worry too much.
And if a trade takes too much time to gain profits, you take the loss and cut the trade lose earlier and than you can look for other trades!

How to handle a losing trade?

Just remember that you are going to lose money. This is going to happen, and it cannot be avoided in the long term no matter what you do.
There are factors outside of your control, and this means that you can prepare as much as you like, something will still go wrong.
Keeping that in mind, remember also that this doesn’t have to be a bad thing.
If you lose money, so be it.
The fact of trading is that things move very fast.
If you actually expect to lose some of the time, but make larger winning trades when you do win compared to when you lose, then you are making progress and profit.

Everyone knows it gets rough, and you can’t just ‘win’ because of luck, or even your skills.
Sitting back and cutting your losses is actually part of a successful trader mindset.
Ignoring this makes no sense.

Set a reasonable loss limit and leave it there. Then get on with your trading.
This way, no matter what happens, you’re not going to lose everything even if you have a bad day.

Do you want to become Success Supply and Demand Trader or want to know how to handle a losing trade?

If you are a beginner trader and to become a good professional forex trader. The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which are already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demandjoin THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Fibonacci Retracement in Forex Trading

Fibonacci Retracement in Forex Trading

What is Fibonacci?

Let me start with a little more to tell about it.
So the idea behind it is the very first thing that you need to know about the Fibonacci tool in trading.
The inventor was Leonardo Pisano Bigollo.
And he was an Italian mathematician more commonly known as Fibonacci.
He lived in the late 12th-early 13th century.
And among other math enthusiasts Leonardo really stood out.
As he introduced the numeral system to the West.
Meanwhile he defined a series of Fibonacci numbers.

By posing and solving an issue involving the rabbit population the Fibonacci sequence was created.
Nice huh?
So Fibonacci introduced the series which probably originated in the 6th century.
With using idealized assumptions.

For example every number in the series beginning with 0, 1, 2, 3, 5, 8, 13, 21.
And so on it is the sum of the preceding two.
In short A 0 at the beginning is also used in the current version of the series.

So what does trading have to do with all this?

Well because the Fibonacci series managed to survive for so long.
So it’s fair to say that it came in handy.
All the way up to modern-day trading.
So where the sequence numbers are used to measure the precise levels.
That the price can communicate with on the chart.
Fibonacci retracement ratios are also called fib levels.

How to Calculate the FIB Levels:

Ok let me explain.
So you first have to understand where the retracement levels come from.
In order to begin trading with using the Fibonacci series.

Forex retracements are temporary market reversals within broader patterns.
And the thresholds of retracement are used as virtual limits from which the motion can bounce off.

The analysis of the Fibonacci retracement allows traders to visualize these limits.
And make trading decisions more efficient.
Since the Fibonacci retracement formula is integrated into the MT4 and others.
And a general understanding of the basic math behind it can be beneficial.

Fibonacci

Do you want to become Success Supply and Demand Trader?

If you are a beginner trader and to become a good professional forex trader.
Therefore The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which is already traded and tested by thousands of TFS members and performs daily trades.

So to become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

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