Traders Talk

 
 
My experiences Into FX and Other Markets
Written by: Utkarsh Jaiswal - Delhi/India
Category: Forex Vs Other Markets
Forex introduction Forex, abbreviation of forex exchange, is world’s largest financial market with daily trading value of $6 trillion in 2014. It is considered to be one of the best market because of its high liquidity, 24/5 trading hours and high leverage available to traders. Forex is traded by central banks of countries, companies, hedge funds, big investors, and retail traders around the world, therefore, it has high liquidity and subject to high v...
 
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Trading alongside my full time career
Written by: Samuel Coker- London/U.K
Category: Trading Alongside Full Time Work Commitments
Trading while working full time, something very common for most people trying to trade. I struggled with this for a very long time but due to really dedicating some time and hard work into the charts I was able to realise it is possible. I then decided to go ahead and take trading seriously hence me doing my course with AstroFX. Since then they have helped me to attain a strategy that is extremely profitable in this market and also a strategy that helps you to trade while being occupied with wor...
 
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Trading Psychology
Written by: Eduardo Rodriguez
Category: Investing or Gambling?
I'm sure that mastering the emotions of trading is extremely important to have success, along of our trip we will run in front of many opportunities within the market, whether to buy or sell and just be in front of such a configuration, we will have thousands of questions and this emotion in particular we call DOUBT. I buy or sell?, We tend to doubt our abilities and of our analysis when the moment of truth arrives and this is something that we cannot afford because we will end up questionin...
 
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my story
Written by: christopher cassar
Category: How I Was Introduced to the Market
Hello everyone, my name is Christopher cassar I am from Malta so I got introduced to the forex market a over a year ago through MLM tried various courses and different companies before I joined FIP and WSA. (I'm not an Astro fx student yet but currently working on getting that too). Basically at my lowest point in my journey I've lost over £4000 that's not a lot of money compared to some of you out there but when you think about it I've failed over 40 times because I w...
 
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Trading Alongside MY University Studies
Written by: Reuben Blamey - Cornwall/U.K
Category: Trading and Full Time Education
No matter what level of education you are currently engaged in, studying can be a very time consuming and mentally draining task. No matter how competent you think you are, the stress of deadlines, exams and general work overload can affect the best of us; if you're attempting to make your way into the foreign exchange market at the same time, it can seem an overwhelming task. But fear not, there is no reason for it to be an impossibility, with the correct time management and attitude, tra...
 
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The Art of Technical Analysis
Written by: Shaun Lee - Northern England/U.K
Category: Trading Styles
As a 95% pure technical analyst, a strong belief of "technicals paint a vivid picture in the FX market" is one that has been integrated over the time of extensive self studies in order to perfect and predict the next market movement..  Another strong market philosophy is the implementation of multiple confluences (mainly target confluences). By utilising the laws of Price Action, the traders thought processes can now be aligned with the markets medium-long term potential profit...
 
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One Year on Forex
Written by: Roham
Category: Investing or Gambling?
Hi, my name is Roham. It's almost one year that I became acquainted with the Forex market I started with the least cost ($265) -the only source of my learning is training and experience. We tried a lot of innovative methods but did not make a difference, one night I looked at the chart so much that 70% of the price action was revealed to me from that night. Maybe funny, but seriously, maybe the effects were too high I even learned the psychology of the price action that I had not heard I sai...
 
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Addicted to Trading and Overtrading
Written by: Rhys Williamson - Midlands/U.K
Category: Mistakes and Traps
Over trading I believe begins with great enthusiasm to trade and the burning desire to make profits in the market but at times forgetting the key aspects of patience and discipline which play a great role in the extraction and consistency of our profits. Overtrading played a lengthy part in my trading, for around two to three months, I was hovering around breakeven and wondering how com, like an alcoholic in denial it was a problem I was dismissing. After back testing my system and recent...
 
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The human mind, is not the traders mind
Written by: Marcus Ganick
Category: Investing or Gambling?
Fear is maybe the most natural and most inherent part of every human being. It is for our survival, thousands of years back, humans used fear to remember dangerous creatures that could potentially kill us. For example, after a humans first encounter with a lion, tiger, snake etc, the human mind will remember it's dangers, called fear. Fear is based on previous events, and humans used it to survive. Therefore, fear became an inherent part of every human's life - and it still is to...
 
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Creating Personal Risk Management Plan
Written by: Jonathan Truman - Northampton/U.K
Category: Money Management and Risk Reward
When trading my account, using risk reward is absolutely crucial when executing trades as well as managing risk.In line with my technical analysis I will only trade with setups with a risk reward ratio of at least 1:1 and look for setups of 1:2. 1:3+. As we all know that no trade is guaranteed so it's essential that we manage risk and trade as if it were a business. We need to look at our risk (stop loss) as overheads and only trade when we have confluences line up. The trade must makes sen...
 
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Trading Psychology Series: Introduction
Written by: Jonathan Adeleye
Category: Trading Psychology
"Trading Psychology refers to the mental and emotional aspects that will dictate a trader's decision and is an important factor in determining his success of failure in the trading process". In simple terms trading is how you behave when you are trading on the markets, you want to be emotionally stable not too excited or stressed out etc. These factors tend to have an impact on your trading, for example if you are too excited you will jump into to trades without proper va...
 
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My Introduction Into Trading
Written by: Connor Lee - Midlands/U.K
Category: How I Was Introduced to the Market
My names Connor Lee, I'm 21 years old and I've been trading for around the past 7 months. I have always been someone who has just simply wanted more out of life and have spent many years before-hand reading self-help and personal development books. I knew a life of 9-5 was not my calling in life so I was always open to new opportunities in life. I was initially introduced to the Fx market by social media, seeing all these London city traders with their fancy suits and MT4 profits fl...
 
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Trading during studies and moving around the world.
Written by: Benjamin
Category: Trading and Full Time Education
My name is Ben, I'm 22 years old born in Sydney, Australia. I first started trading with demo when I was in high school after learning from both my father and accounting teacher. I stayed on demo until I was about 18 years old and felt comfortable with my strategy and account size (around $4000 AUD). When I finished high school I didn't go straight to university for two reasons: 1 - My trading was becoming more and more consistent and I didn't want ...
 
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Never give up, no matter how hard it is.
Written by: Trieu Vy Trinh
Category: Horror Stories
I'm 22 years old and I have a dream, the dream is to become a professional and profitable Trader to live from the money I make from trading. I have trade very long time with a demo account and it was fine, I was making big profits and losing sometimes it was my passion I loving it and still do it. 09.2016 I was starting with a live account and spend my entire savings in this account. The first order I have set it was a such great feeling to see I was able t...
 
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The struggles as a trader.
Written by: Matas
Category: Mistakes and Traps
Where ever you are, good morning/afternoon or evening. If you are reading this it means that you have a big interest in trading financial markets. You saw all of those cars, vacations and big money on social media. Well, you probably also know that the majority of those "Instagram Traders" are fake doing their marketing thing because they just can't make money trading. But let's focus on those legit successful traders that are now letting their success to make all the nois...
 
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My Trading Journey From Belgium
Written by: Robin Spaens - Belgium
Category: How I Was Introduced to the Market
To start off, I don’t think there are many FX traders out here in Belgium. However, in July ‘14 some random dude who didn’t look and/or sound successful introduced me to the FX market. But like many FX pro’s he claimed to be making money and would quit his job soon. I talked to him on Skype and we met 1 time in person. He’s a good guy, but he was and still is the perfect example of a terrible trader. After 8 months of profitable trading, even I c...
 
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Two Years Post AstroFX
Written by: JR
Category: How I Was Introduced to the Market
I realise that many people reading may be interested in hearing more about the experience on the course that Astrofx run. I think there are plenty of testimonials that will all allude to the same message - it was great! I met Natt and Shaun over two years ago when I first went to their offices, and the rest, as they say, is history! Since attending the course, I went through the obligatory stages of doing the exact opposite of what I'd been advised - over trading, changing stop losses and le...
 
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The Importance of My Trading Journal
Written by: Arun Singh - Birmingham/U.K
Category: Trading Journals
All successful traders have some sort of trading journal, which acts as their blueprint for their own trading journey. Journals can range from something as simplistic as a document highlighting the pair, the price that the pair was brought or sold and its stop loss and take profit levels. Other journals can be more involved which will highlight their analysis and work out the risk to reward ratios in which give clear understanding to why this trade was profitable or occurred a loss.   ...
 
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Discovering the line Between Gambling and Trading
Written by: Jubael Haque - London/UK
Category: Investing or Gambling?
One of the hardest traits to acquire as a trader is patience. Patience and discipline is the key to longevity in trading. The key to long term profitability is waiting patiently for proper confluence of events with the higher time frame premise in mind. Stop the intra minute scalping! Less is more especially in trading the FX markets. You can be wildly successful with just one or two cherry picked trades a week that have a good risk to reward ratio. Lack of proper rules and discipline will ju...
 
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Technical Analysis
Written by: Chris Williams
Category: Investing or Gambling?
AstroFX really changed my trading life which is crazy. I started trading in November of 2015 aside from playing Division 1 College Basketball. I was watching a MLM video on Forex, really intrigued. So I was reading BabyPips, while thinking of sign ups. I started off watching Steve Mauro, then Storm Lewis, and other traders. Everybody BUT ASTROFX. But once I kept constantly losing, I realized I had to make a change. I would only trade off the M15, and analyze off the H1 and wonder why I'm los...
 
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