Trader Development Mind Map Forex Trading London

Free Forex Trading Course

Complete Currency Trader is the brainchild of James Edward, founder & CEO. It uses a system that professional traders use. Most courses analyse currency pairs but CCT examines the forex marketplace as a whole and matches strong currencies against weak currencies.
[link]

Statistical Edge Trading

Statistical Edge Trading

Statistical Edge Trading

Have you ever traded with statistical edge? Our Allen trade talks about backing up the trading network and leveraging it from excellent newspapering. This is a stage that is undermined by many traders but fairly, it can be a crucial factor in boosting your trust and believing in your system. For those interested in this sort of research, you can check out the FTMO Statistical Application.
Trading with a Statistical edge
Although many traders back-test and record their trades to verify the trading system 's feasibility, monitoring and using the data to maximize both your stop loss and profit goal is a tremendous advantage. Two of the most critical pieces of data that I record when reporting trades is the drawdown and the benefit potential.

The drawdown, to be sure, is how far a trade goes against my place before it goes in my favour.

Whereas the benefit potential is the maximum distance from my entry which the trade moves in my favor. It isn't important and it's uncommon, in general, that I actually exit the trade. Yet definitely coming out at or as close as can be.
Firstly, I record my trades in two ways, using screenshots of the charts themselves where I annotate my entry, date, type of trade and all other relevant details related to my methodology, such as strength and weakness analysis , multiple time frame analysis and correlation. I also note on the map the drawdown and benefit potential of the trade.

Then I go through my Excel spreadsheet with main details. See "excel" below.

Excel spreadsheet with main details.

This includes the date, day, session, pair, time, route, entry price, closing price, type of setup, type of entry, type of exit, drawdown, potential for benefit and outcome. I then let excel do all the heavy lifting for myself as I can sort my trades numerous ways, by day, by session, by pair, by route, by type of set-up etc.

But where the really cool stuff is under the "Mind-blowing stats" tab where I have some of the above filterable statistics that will help me to optimize both my stop loss and my benefit goal.

Here is a summary of the specification.

When you use a risk percentage account to calculate your position size (as you should), so the lower the pause, the larger a position size you will trade in. The stop must, therefore, have a high likelihood of remaining. The vast majority of trading books, guides, videos, etc., advise that after a recent high / low swing, the stop will be many pips.

But my trade documents helped me to come up with a statistical advantage for my stoppage placement.

As can be seen in the "Drawdown" tag, Trading my Type 1 BO (breakout out) on GBPAUD, 79.55 percent of the time my drawdown was less than 25 pips, although it was just 81.82 percent at 30 pips and 84.09 percent at 35 pips.

Statistical Edge Trading
So when using a larger pause, an extra loss or 2, the advantage of having a greater size of the place and thereby netting more money makes the extra loss(s) inconsequential.

Furthermore, the income goal can also be optimized.

Looking at the "Profit Potential" connection and remaining on GBPAUD again for my Type 1 BO trades, we can easily see that almost 80 percent of the time, those trades get between 20 and 30 pips.

Statistical Edge Trading (b)
It is a perfect place to take off 1/2 of the spot and push the stop to flat. So we can let the rest of the half run to about 50 pips where 59.09 percent of the trades touch.

Obviously market conditions aren't always the same, so if you can recognise when they are, i.e. linked moves or strengthening or weakening other classes (commodity pairs or safe haven pairs), then you can make educated decisions about how far a trade will go.

Statistical Edge Trading (meme)

I hope this information 's helpful to you.

Eva " Forex " Canares .
Cheers and Profitable Trading to All.

About FTMO -
They fund forex traders. Just Pass their risk management rules and begin trading for their company. They'll provide you capital up to $300k USD for trading the financial markets. 70% of profits you keep and losses are covered by them. How does it work?
How to Become a Funded Forex ,Stocks or CryptoCurrency Trader?
submitted by Eva_Canares to FTMO_Forex_Trading [link] [comments]

List of 60+ Free Udemy Courses & 7 Best Selling Discounted Courses ( Ending Soon)


  1. English - 13h 21m Front End Web Development: Complete Guide (Step by Step) https://www.udemy.com/course/front-end-web-development-complete-guide-step-by-step/?couponCode=FEWDCG3DAYOFF 2 Days left at this price!
  2. English - 2h 24m React & Angular: Complete Guide for Beginners (Step by Step) https://www.udemy.com/course/react-angular-complete-guide-for-beginners-step-by-step/?couponCode=RACG3DAYOFF 2 Days left at this price!
  3. English - 0h 42m Cisco Firepower - Learn Network Security Basics - Firewalls https://www.udemy.com/course/cisco-firepower-learn-network-security-basics-firewalls/?couponCode=08DA59D6F9B053BE6505 2 Days left at this price!
  4. English - 20h 20m Ultimate Content Writing Masterclass: 30 Courses in 1 https://www.udemy.com/course/ultimate-content-writing-masterclass-30-courses-in-1/?couponCode=CONTENT75 1 Day left at this price!
  5. English - 6h 29m HR Analytics Course with R https://www.udemy.com/course/hr-analytics-course-with-?couponCode=ANALYTICS1 1 Day left at this price!
  6. English - 17h 31m The Complete Talking Head Video Production Masterclass https://www.udemy.com/course/the-complete-talking-head-video-production-masterclass/?couponCode=139C46AD1C22772249A4 2 Days left at this price!
  7. English - 14h 26m The Complete Freelancing Course-Upwork Fiverr Home Business https://www.udemy.com/course/the-complete-freelancing-course-upwork-fiverr-home-business/?couponCode=112DF32AFFDDB59B647F 2 Days left at this price!
  8. English - 26h 49m Leading Effective Meetings - You Can Lead Effective Meetings https://www.udemy.com/course/leading-effective-meetings-you-can-lead-effective-meetings/?couponCode=1C498766B075C7EC1BBA 2 Days left at this price!
  9. English - 1h 47m Body Language in the Workplace https://www.udemy.com/course/body-language-in-the-workplace-2018/?couponCode=5667C47EB1EE9336F742 2 Days left at this price!
  10. English - 13h 40m The Complete Mindfulness Course - Enjoy Life In the Present https://www.udemy.com/course/the-complete-mindfulness-course-enjoy-life-in-the-present/?couponCode=64559BC9EB6A0937A2A4 2 Days left at this price!
  11. English - 28h 46m Complete Personal Development Personal Transformation Course https://www.udemy.com/course/complete-personal-development-personal-transformation-course/?couponCode=9274348DEF7E5B082192 2 Days left at this price!
  12. English - 5h 46m Become a Successful Online Teacher - Teach Online Students https://www.udemy.com/course/complete-udemy-bestsellers-online-course-creation-unofficial/?couponCode=F964CA231AF017B0560D 2 Days left at this price!
  13. English - 22h 14m The Complete Job Interviewing Skills Masterclass Course https://www.udemy.com/course/the-complete-job-interviewing-skills-masterclass-course/?couponCode=DC0AC1AE09D776BDA082 2 Days left at this price!
  14. English - 0h 40m Teacher Training - How to Teach Online - Remote Teaching 1Hr https://www.udemy.com/course/teacher-training-how-to-teach-online-remote-teaching-1h?couponCode=56DDD5CB2320CCF277C9 2 Days left at this price!
  15. English - 26h 2m Complete Time Management Course Raise Personal Productivity https://www.udemy.com/course/complete-time-management-course-raise-personal-productivity/?couponCode=FC4ADDF19B9629014DC5 2 Days left at this price!
  16. English - 2h 52m Atlassian Confluence Masterclass 2020 https://www.udemy.com/course/atlassian-confluence-masterclass/?couponCode=AUGSALE 2 Days left at this price!
  17. English - 1h 0m The Legal Support Specialist https://www.udemy.com/course/the-legal-support-specialist/?couponCode=AMARELAW-3DAYSFREE 2 Days left at this price!
  18. English - 0h 58m Microsoft Forms 2020 - The Complete Course for Beginners https://www.udemy.com/course/microsoft-forms-the-complete-course-for-beginners/?couponCode=DF5CE19819F575183CBD 2 Days left at this price!
  19. English - 21h 0m Qt 5 Design Patterns https://www.udemy.com/course/qt-5-design-patterns/?couponCode=D18BC8D988BB5DA21D4A 2 Days left at this price!
  20. English - 2h 2m OBS Studio - Ultimate Livestreaming Guide to OBS Studio https://www.udemy.com/course/ultimate-beginners-guide-to-open-broadcaster-softwareobs/?couponCode=7B20D6B1A4E12D1CC673 2 Days left at this price!
  21. English - 1h 29m Acrylic Painting with Diamond: the Horse Impressionism https://www.udemy.com/course/acrylic-painting-with-diamond-the-horse-impressionism/
  22. English - 4h 35m Design and Interpretation of Clinical Trials https://www.coursera.org/learn/clinical-trials 2 Days left at this price!
  23. Spanish - 2h 32m Universidad Excel - De Cero hasta Experto en Tiempo Record! https://www.udemy.com/course/universidad-excel-microsoft-tablas-dinamicas-dashboard-macros-vba/?couponCode=GRATIS 2 Days left at this price!
  24. English - 27h 46m AWS Certified Solutions Architect - Associate - Step by Step https://www.udemy.com/course/aws-certified-solutions-architect-associate-step-by-step/?couponCode=LEARNAWS 2 Days left at this price!
  25. English - 1h 16m jQuery Fundamentals https://youaccel.com/admin/cdisplay.php?promocode=FREEBIESGLOBAL&promocc=yes&tsrc=225691&cid=34
  26. English - 2h 51m jQuery Fundamentals Powerful Bootcamp for beginners https://www.udemy.com/course/jquery-fundamentals-bootcamp-learn-how-to-use-jquery/
  27. English - 4h 2m Adobe Essentials 2020: Illustrator, Photoshop, InDesign & XD https://www.udemy.com/course/adobe-essentials-2020-illustrator-photoshop-indesign-xd/?couponCode=FREE3DAYADOBECC2020 2 Days left at this price!
  28. Spanish - 3h 38m Wordpress para Creativos, Arquitectos e Interioristas. https://www.udemy.com/course/wordpress-portfolio/?couponCode=15CUPONESGRATIS 2 Days left at this price!
  29. English - 0h 37m Make Effective & Easy Marketing Videos Using InVideo https://www.udemy.com/course/make-effective-easy-marketing-videos-using-invideo/?couponCode=FREEBIEEE 2 Days left at this price!
  30. English - 0h 58m LinkedIn Profile: The Complete Guide to Reach Your Dream Job https://www.udemy.com/course/linkedin-profile-the-complete-guide/
  31. English - 15h 14m Ultimate Excel Training Course - Intro to Advanced Pro https://www.udemy.com/course/ultimate-excel-training-course-intro-to-advanced-pro/?couponCode=LASTCHANCE 1 Day left at this price!
  32. English - 1h 16m Deploy Hi-Def and 3D Map for GIS iOS App in Swift https://www.udemy.com/course/deploy-hi-def-and-3d-map-for-gis-ios-app-in-swift/
  33. English - 6h 3m The Complete Android Ethical Hacking Practical Course C|AEHP https://www.udemy.com/course/the-complete-android-ethical-hacking-practical-course-caehp/?couponCode=THENEWAGETRAVELLER 2 Days left at this price!
  34. French - 4h 2m FOREX L’ntroduction - Trader le forex de façon autonome https://www.udemy.com/course/introduction-complete-au-forex/?couponCode=E91E750B6599B881F2DB 2 Days left at this price!
  35. English - 0h 31m Upgrading IT Infrastructure from Windows 7 to Windows 10 https://www.udemy.com/course/migrating-it-infrastructure-from-windows-7-to-windows-10/?couponCode=AUG20FREE 2 Days left at this price!
  36. English - 18h 12m The Complete Python 3 Course: Beginner to Advanced! https://www.udemy.com/course/python-complete/?couponCode=FREEAUG 2 Days left at this price!
  37. English - 16h 48m The Complete Front-End Web Development Course! https://www.udemy.com/course/front-end-web-development/?couponCode=FREEAUG 2 Days left at this price!
  38. English - 24h 14m The Complete Full-Stack JavaScript Course! https://www.udemy.com/course/full-stack-javascript/?couponCode=FREEAUG 2 Days left at this price!
  39. English - 17h 21m The Complete Python Hacking Course: Beginner to Advanced! https://www.udemy.com/course/ethical-hacking-python/?couponCode=FREEAUG 2 Days left at this price!
  40. English - 17h 35m Learn to Code with Python 3! https://www.udemy.com/course/python3-for-beginners/?couponCode=FREEAUG 2 Days left at this price!
  41. English - 7h 22m Linux for Absolute Beginners! https://www.udemy.com/course/linux-system-admin/?couponCode=FREEAUG 2 Days left at this price!
  42. English - 1h 57m Start Coding Browser Extensions Using JavaScript! https://www.udemy.com/course/google-chrome-extension/?couponCode=FREEAUG 2 Days left at this price!
  43. English - 19h 25m The Complete Ethical Hacking Course! https://www.udemy.com/course/ethical-hacking-professional/?couponCode=FREEAUG 2 Days left at this price!
  44. English - 1h 12m Business Communication for Success https://www.udemy.com/course/business-communication-for-success/
  45. English - 0h 31m How to be successful in college for Veterans https://www.udemy.com/course/how-to-be-successful-in-college-for-veterans/
  46. English - 2h 29m Learn Photo Editing with Photoshop 2020 https://www.udemy.com/course/learn-photo-editing-with-photoshop-2020/?couponCode=TRY10FREE94 2 Days left at this price!
  47. English - 1h 5m Learn Google Drive From Beginner to Advanced https://www.udemy.com/course/learn-google-drive-from-beginner-to-advanced/?couponCode=TRY10FREE94 2 Days left at this price!
  48. English - 0h 33m Learn Windows Command Line https://www.udemy.com/course/learn-windows-command-line/?couponCode=TRY10FREE94 2 Days left at this price!
  49. English - 2h 18m Learn Airtable https://www.udemy.com/course/learn-airtable/?couponCode=TRY10FREE94 2 Days left at this price!
  50. English - 1h 46m Learn Slack https://www.udemy.com/course/learn-slack/?couponCode=TRY10FREE94 2 Days left at this price!
  51. English - 2h 32m Learn Asana https://www.udemy.com/course/learn-asana-master-course/?couponCode=TRY10FREE94 2 Days left at this price!
  52. English - 1h 19m Learn Evernote https://www.udemy.com/course/learn-evernote/?couponCode=TRY10FREE94 2 Days left at this price!
  53. English - 0h 44m Learn Trello https://www.udemy.com/course/learn-basic-trello/?couponCode=TRY10FREE94 2 Days left at this price!
  54. English - 1h 12m Learn Google Docs https://www.udemy.com/course/learn-google-docs/?couponCode=TRY10FREE94 2 Days left at this price!
  55. English - 0h 48m Learn File Management with Photoshop 2020 https://www.udemy.com/course/learn-file-management-with-photoshop-2020/?couponCode=TRY10FREE94 2 Days left at this price!
  56. English - 0h 58m forex candlestick patterns,technical analysis of daily trade https://www.udemy.com/course/forex-candlestick-patternstechnical-analysis-of-daily-trade/
  57. English - 2h 58m Learn Web Design: The Ultimate Guide For Beginners https://stude.co/400132/learn-web-design
  58. English - 0h 30m Complete Introduction to Unity Engine 2020 https://www.udemy.com/course/complete-introduction-to-unity-engine/
  59. English - 1h 9m Simplified: Intro to Machine Learning https://www.udemy.com/course/simplified-intro-to-machine-learning/
  60. English - 2h 2m Learn advanced scenarios of git commands for daily uses https://www.udemy.com/course/advanced-scenarios-git-commands/?couponCode=38859651E2E4E536689A 2 Days left at this price!
  61. English - 0h 53m Unstoppable Self Confidence - Your Key to Success! https://www.udemy.com/course/unstoppable-self-confidence-success/?couponCode=EXPAUG29 1 Day left at this price!
  62. English - With Certificate Introducing Coding for Beginners: an HTML and CSS Online Course https://stude.co/400132/coding-for-beginners-space-doggos
  63. English - 1h 23m Get Paid to Own Stocks: Work From Home & Get Paid https://www.udemy.com/course/get-paid-to-own-stocks-work-from-home-get-paid/
  64. English - 0h 29m How to make a tri-layer adjustable face mask. https://www.udemy.com/course/how-to-make-a-tri-layer-adjustable-face-mask
  65. English - Teachable Therapeutic Art Inner Compass Project https://iamjuliette33.teachable.com/p/therapeutic-art-inner-compass-project-11
  66. 2 Month Free SkillShare
  67. 10 Days Free Pluralsight
5 Best Selling $9.99 Udemy Courses (Coupon Expiring Soon )
  1. [199 lectures • 13h 7m] AWS Certified Cloud Practitioner Exam Training 2020 https://www.udemy.com/course/aws-certified-cloud-practitioner-training-course/?couponCode=AWSAUG 3 Days left at this price!
  2. [399 lectures • 82h 6m] Ultimate PHP, Laravel, CSS & Sass! Learn PHP, Laravel & Sass https://www.udemy.com/course/ultimate-php-css-and-sass-enhance-your-javascript-skills/?couponCode=SKILLUPTODAY95 3 Days left at this price!
  3. [63 lectures • 14h 10m] Sell Like Hell: Facebook Ads for E-Commerce Ultimate MASTERY https://www.udemy.com/course/facebook-conversion-ads/?couponCode=AUG999 3 Days left at this price!
  4. [47 lectures • 7h 13m] Facebook Dynamic Ads (Facebook Dynamic Retargeting) MASTERY https://www.udemy.com/course/facebook-dynamic-ads/?couponCode=AUG999 3 Days left at this price!
  5. [55 lectures • 4h 58m] Executive Coaching and Business Case Development https://www.udemy.com/course/executive-coaching-and-business-case-development/?couponCode=BUS999 1 Day left at this price!
  6. [206 lectures • 18h 49m] The Agile Certified Practitioner Training Program (PMI-ACP) https://www.udemy.com/course/the-agile-certified-practitioner-training-program-pmi-acp/?couponCode=AGILE9 1 Day left at this price!
  7. Ending Today : 33% Off Pluralsight Annual and Personal Premium Subscriptions – Offer valid Aug 17th – Aug 28th https://pluralsight.pxf.io/c/1393109/871527/7490
  8. $12.99 The Complete Communication Skills Master Class for Life https://www.udemy.com/course/the-complete-communication-skills-master-class-for-life/?couponCode=THANKS
submitted by ViralMedia007 to FREECoursesEveryday [link] [comments]

Some news you may have missed out on part 134.

-Rupee continues to recover, gains Rs4.16 in four months
The Pakistani rupee has maintained a gradual uptrend against the US dollar since the beginning of current fiscal year in July and is anticipated to gain more ground in the remaining eight months amid expectations of increase in foreign currency inflows.
The rupee gradually strengthened Rs4.16 or 2.60% in the past around four months to Rs155.88 to the US dollar in the inter-bank market on Friday, according to the State Bank of Pakistan (SBP). “The rupee may recover to 145 to the greenback by June 30, 2020,” Forex Association of Pakistan (FAP) President Malik Bostan projected while talking to The Express Tribune.
Further: -In a positive development, Pakistani Rupee hits highest level of four months against US dollar
The Pakistani rupee has shown recovery against the US dollar as the US currency reached the lowest level in four months.
-ExxonMobil to help build LNG terminal in Pakistan
After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner.
Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful. Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.
-Pakistan's Hindu community celebrates Diwali today in a renovated temple reopened by the Pakistan government after 72 years
he country’s Hindu community is celebrating the annual religious festival of Diwali. The religious festivities are expected to take place in Shawala Teja Singh Temple, located in Sialkot, after 72 years.
All preparations for the upcoming festival have been completed. The festival of Diwali is being seen as more of a cultural than a religious one as people from other faiths will celebrate alongside members of the Hindu community.
The temple, where the festivities will take place, was closed down in 1947. The Evacuee Trust Property Board (ETPB) and certain members of the Hindu community decided to open the temple a few months ago, after which the renewal and renovation work had begun. Now, for the first time, this temple is going to celebrate a religious ceremony.
-Tax Returns Filed Per Day in 2019 Have Increased by 127 Percent: FBR Chairman
Federal Board of Revenue’s (FBR) Chairman Syed Shabbar Zaidi has announced that on average, tax returns filed per day in 2019 have risen by 127 percent compared to last year. In a Twitter post, Zaidi shared details of the tax returns filed so far. As per the records, the number of tax returns filed in 2019 till October 25 stands at 918,027, as compared to 585,209 tax returns filed in the same period last year.
Zaidi said that as of November, the FBR will impose strict measures against unauthorized interactions and harassement between its staff and the business community. The business community is suggested to report to FBR if any person contacts them through any manner without proper authorization.
-Pakistan, Nepal agree to enhance trade ties
President Dr. Arif Alvi on Saturday held a meeting with the Nepal’s Prime Minister Khadga Prasad Sharma Oli on the sidelines of 18th Non Aligned Movement Summit in Baku, ARY News reported.
According to a statement issued by the ministry, both the leaders affirmed to enhance trade ties between the two countries and expressed their desire to further strengthen the bonds of friendship. Matters of mutual interest, bilateral relations, regional peace, grave human rights violations and humanitarian crisis in occupied Kashmir and other issues were came under discussion in the meeting.
Speaking on the occasion, President Alvi briefed the Nepalese prime minister on Indian illegal actions in occupied Kashmir. He expressed hope that Nepal will play its role as SAARC chair, for strengthening peace and stability in the region.
-CPEC enters into 2nd phase: Poverty, agriculture, B2B initiatives prime focus: Khusro
Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Wednesday said the CPEC has now entered into its second phase with focus on poverty alleviation, agriculture and B2B industrial cooperation.
“The Pakistan Tehreek-e-Insaf (PTI) government's economic reform measures will strengthen the country's economy as the investors' confidence is rebounding due to corrective measures," the minister expressed these views while talking to Australian High Commissioner Dr Geoffrey Shaw who called on him on Wednesday. Secretary Planning Zafar Hasan was also present in the meeting.
While discussing bilateral relations and foreign investment in various sectors in Pakistan especially in Gwadar, the minister said that ongoing phase of CPEC will bring about socioeconomic benefits for the welfare of the people. He said that CPEC offers enormous potential to boost national economy and reduce poverty.
-Pakistan's Defence Exports have reached USD 212.6 MILLION IN 2018-2019
According to the Pakistan Ministry of Defence Production’s (MoDP) “First Year Performance Report,” the country had registered $212.6 million US in defence exports from August 2018 to August 2019.
Pakistan Aeronautical Complex (PAC) booked the highest value at $184.38 million US, which was followed by Pakistan Ordnance Factories (POF) at $7.13 million US and Heavy Industries Taxila (HIT) at $1.3 million US. In addition, private sector firms booked $19.36 million US in sales.
No additional breakdowns were provided by the MoDP. It is likely that PAC’s exports were fueled by co-production work for FC-1/JF-17 sales to Myanmar and/or Nigeria. Though an agreement was signed with Turkey for the sale of 52 Super Mushshak basic trainers, it is unclear if PAC has started manufacturing these aircraft.
-DRAP to launch countrywide drive against substandard, spurious medicines
The Drug Regulatory Authority of Pakistan (DRAP) is launching a countrywide campaign against substandard medicines, the PM’s Special Assistant on Health Dr. Zafar Mirza said while addressing the federal and provincial drug inspectors in Islamabad on Thursday.
He said a crackdown is being launched throughout the country to eradicate the menace of unregistered, spurious and sub-standard medicine. In addition to medicine quality, he added, DRAP will also take stern action against violation of fixed prices of medicines.
-Foreign exchange: SBP reserves increase $79m to $7.89b
The foreign exchange reserves held by the central bank increased 1.14% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE), Saudi Arabia and other friendly nations helped shore up the foreign exchange reserves.
On October 18, the foreign currency reserves held by the SBP were recorded at $7,892.7 million, up $79 million compared with $7,813.7 million in the previous week. The report cited no reason for the increase in reserves, which stood below the $8-billion mark.
-Ease of business: Pakistan up 28 places on World Bank index
Pakistan has jumped up 28 places on the World Bank’s (WB) Ease of Doing Business Index and secured a place among the top 10 countries with the most improved business climate – a development that will greatly improve Islamabad’s image abroad,
Pakistan carried out six reforms that helped improving its ranking from 136 to 108, according to the WB’s annual flagship report, ‘Ease of Doing Business 2020’, released on Thursday. It turned out to be the sixth global reformer and first in South Asia that brought ease in doing business in the last one year.
The fewer are the regulations the better is the ranking on the index. The key to attain perfection is to cut the bureaucracy hindering business activities in the name of various regulations and procedures.
-CM approves Rs 500m for Punjab Housing & Town Planning Agency
Punjab Chief Minister Sardar Usman Buzdar has given approval of Rs 500 million for Punjab Housing & Town Planning Agency. He gave approval while presiding over a high-level meeting at CM Office here on Monday. During the meeting progress on Naya Pakistan Housing Project for low-income persons was reviewed and detailed briefing was also given to the participants on Naya Pakistan Housing strategy.
While addressing the meeting, Usman Buzdar said that obstacles should be removed in order to ensure completion of Naya Pakistan Housing Scheme and financial conditions of common man should be kept in mind while chalking out housing policy of the project. All out attention should be paid while constructing small houses in the province, he added. It has also been decided during the meeting to launch rural housing project in 17 model villages.
-KSE 100 gains 204 points amid improved sentiments
The benchmark KSE 100 Index depicted remarkable progress as it gained around 204 points and concluded at 33,861-level.It was a busy start to the week at the Pakistan Stock Exchange (PSX) with earnings season hitting its peak, while volumes remained at par with previous weeks’ average.
Biggest single day investment in treasury bills in the previous week of estimated US $87.5 million, increasing total investment to US$440 million since July 2019 was the major rally point in the market sentiments.
The bourse recorded an intraday low of 33,572.36 soon after the commencement of the session. However, after regaining the momentum, the index marked its day’s high at 34,008.35 adding 350.89 points. It settled higher by 204.13 points at 33,861.59. The KMI 30 Index accumulated 386.53 points to settle at 55,155.92, while the KSE All Share Index managed to gain 86.13 points, ending at 24,543.78.
-Sindh to reserve 0.5% job quota for transgender persons
The Sindh Cabinet on Wednesday agreed to reserve 0.5 per cent quota in government jobs for transgender persons. “I want to bring transgender people into the mainstream,” said Sindh Chief Minister Syed Murad Ali Shah during the cabinet meeting. “We want to make them an asset for our society.”
CM Murad congratulated the transgender community on behalf of the cabinet and advised them to improve their education. Around 41,000 positions are vacant in different government departments across Sindh out of which 206 will be given to transgender people.
A spokesperson from the chief minister’s house stated that out of the 41,000 available jobs 16,000 positions will be filled this fiscal year. Rest of the positions will be filled in the period of next three years.
-Malaysia's Mahathir stands by Kashmir comments despite India palm oil boycott
Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi’s actions in occupied Kashmir despite Indian traders calling for an unprecedented boycott of Malaysian palm oil.
The impasse could exacerbate what Mahathir described as a trade war between the world’s second biggest producer and exporter of the commodity and its biggest buyer so far this year.
India’s top vegetable oil trade body on Monday asked its members to stop buying Malaysian palm oil after Mahathir said at the United Nations General Assembly last month that India had “invaded and occupied” Kashmir.
-“World’s two major companies setting up solar panel plants in Pakistan”
Federal Minister for Science and Technology Fawad Chaudhry announced on Monday that the world’s two major solar panel firms will establish their plants in Pakistan. The minister tweeted saying “good news gets lost in political plays, yet I am very happy that the world’s two major companies are setting up solar panel’s plants in Pakistan.”
Chaudhry added that China’s second-largest Lithium battery producer will also set up its workshop in Pakistan. The Lithium battery-powered buses will also be manufactured in Pakistan, the tweet further said. The Minister for Science and Technology was recently on a visit to Beijing where he met various Chinese officials and the country’s business leaders.
-Pakistan Navy organizes free medical camp in Balochistan
Navy organized a free medical camp in the village Dam of Balochistan in collaboration with Sahil and Ulfat welfare foundations. According to the spokesperson of Pakistan Navy, specialist doctors of surgical, medical, skin, gynecology, child and general medically inspected patients at the camp. Over 700 patients were provided with free medical treatment, medicines and ordinary surgical facilities.
-Lahore to get Tram service soon
Citizens of Lahore are getting a modern-day tram service soon, based on the famous British-era tram service. In this regard, the Punjab Transport Department has inked an agreement with CRSC International, a Chinese company specializing in rail transportation control systems, and Inkon Group of the Czech Republic.
The development of the project is divided into several phases. In the first phase, a 35 km track will be constructed on Canal Road, Lahore. Up to 50 trams will run on this track. Once operational, the trams will be able to carry 35,000 passengers in 1 hour. The trams will be powered through electricity and batteries. A single tram will have a service life of around 40 years. 2 tram depots will be constructed at different locations as well.
-10 Pakistani Universities Ranked Among the World’s Best in ‘University Impact Rankings 2019’
Ten Pakistani universities have been ranked among the top universities in the world in the Times Higher Education (THE)’s list. THE is a weekly UK-based magazine that issues its annual list of world’s most influential universities.
The list called ‘University Impact Rankings 2019’ has included 10 Pakistani varsities in different categories, including Gender Equality, Good Health and Well-being, Quality Education, Decent Work, Economic Growth, and others. According to the magazine, the rankings assess universities against the United Nations’ Sustainable Development Goals.
-PM Imran Khan inaugurates China-Hub Power Generation Plant in Balochistan
Prime Minister (PM) Imran Khan has said that Pakistan is moving forward through China-Pakistan Economic Corridor (CPEC) projects. Addressing inaugural ceremony of China Hub Power Generation Plant in Balochistan, he said this is the first joint project under the CPEC umbrella and he is very happy after inaugurating it.
“The government will facilitate joint collaboration between Pakistani and Chinese businesses in various sectors.”, he said. PM Imran Khan said with the help of coal reserves in Thar, Pakistan can generate huge amount of electricity, which can be enough for at least 100 years.
-Punjab Forest Department develops ‘record keeping’ mechanism
Department of Forest Punjab is managing 1.6 million acres of forest land area – 67 per cent of the entire forest land area in Punjab – under the Geographic Information System (GIS), Pakistan Today learnt reliably on Friday. The program enabled the forests department to ensure sound management and introduce state of the art record-keeping and mapping methods.
‘Development of GIS-Based Forest Management Information System in Punjab’ was approved at PC-1 with a cost of Rs75 million and a gestation period of 36 months (2016-2019) has allowed for transfer of all forest resources and inventories into IT-based inventory systems and achieved extensive field surveys, rapid data collection and its processing for development of the forestry sector on efficient lines.
-Hutchison Port Holdings announces $240m investment in Pakistan
Prime Minister Imran Khan has welcomed $240 million foreign investment from Hutchison Port Holdings, a Hong Kong-based port operator. A delegation of Hutchison Port Holdings, led by its Group Managing Director Eric Ip, called on Prime Minister Imran Khan on Tuesday. Other delegation members included HPH Middle East & Africa Managing Director Andy Tsoi and Middle East & Africa Business Director Eric Ng.
Maritime Affairs Minister Syed Ali Haider Zaidi, Adviser to PM on Commerce Abdul Razzaq Dawood, Special Assistant to PM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari, Ambassador-at-Large for Foreign Investment Ali Jehangir Siddiqui and Board of Investment Chairman Zubair Haider Gilani were also present on the occasion. Group Managing Director Eric Ip apprised the prime minister of Hutchison’s fresh investment into Pakistan approximating $240 million which will enhance the new container terminal capacity at the Karachi Port, and increase Hutchison Ports’ total investment in Pakistan to $1 billion.
-Punjab's tax collection jumps 44%
Punjab’s tax collection registered a 44% growth to Rs77 billion in first quarter of the ongoing fiscal year compared to the corresponding period of previous year, despite tough conditions of the federal government for the provinces to get a share in the federal divisible pool of resources. Punjab Finance Minister Makhdoom Hashim Jawan Bakht disclosed this at a review meeting of the Finance Department on Monday.
The meeting was briefed that despite the financial backlog left by the previous government, the current government gave a surplus budget of Rs233 billion in order to meet financial requirements of the federal government to comply with conditions of the International Monetary Fund (IMF) loan programme.
-‘SECP recognised as 7th most effective regulator in world’
The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the “7th most effective regulator” by the World Economic Forum in its ‘Global Competitiveness Report-2019’.
“Pakistan was ranked as the 52nd most dynamic economy in the world. The country secured this by improving 15 points from last year, as it stood at 67th in 2018,” said a statement issued by Mishal Pakistan, Country Partner at WEF’s Institute of the Future of Economic Progress System Initiative, on Wednesday. “The progress of Pakistan’s competitiveness was due to the achievements made during the last 12 months.”
The most effective improvements were made due to the initiative and strategies adopted by the apex regulator for the corporate sector and the capital markets; supervision and regulation of insurance, non-banking financial companies and private pension schemes. The SECP improved Pakistan’s competitiveness rankings by improving the “number of days to start a business”, where Pakistan was ranked at the 90th position compared with 96th in 2018.
-Pakistan China bilateral trade crosses $19 billion, highest ever in history
Pakistan Ambassador to China , Naghmana Hashmi has said the bilateral trade volume between Pakistan and China has now touched US $ 19.08 billion and both countries aimed to raise it further.
“The bilateral trade volume between Pakistan and China has now touched US$ 19.08. We aim to raise it further,” Ambassador Hashmi said joint ventures in defence production have led to the manufacture of the MBT 2000 Al-Khalid Tank and JF-17 Thunder, a fighter aircraft. “On the diplomatic front, the two countries are committed to protecting and promoting multilateralism and upholding the United Nations (UN)Charter, while our cooperation has extended to science and technology, socioeconomic sectors and nuclear cooperation for peaceful purposes,” she added.
-Foreign Company Agrees to Drop $6 Billion Penalty, Re-Invest in Reko Diq: Reports
The International Center of Settlement of Investment Disputes (ICSID) had slapped the country with a $6 billion penalty for revoking the contract without prior knowledge back in 2009. Soon after the development, the Prime Minister had empowered his financial team to contact the executives of the Tethyan Copper Company (TCC) to reach an out-of-court settlement and avoid the penalty.
Reportedly, after the Pakistan authority’s approach, the company has not only agreed to take back the penalty but has also agreed to invest in the project again. As per media reports, PM Imran Khan contacted the TCC management and discussed the prospects of the matter. He assured the company his full support if they wanted to revise the investment plan for the project. The company will reportedly withdraw its appeal from the ICSID, while Pakistan will compensate for their damages due to the cancelation of the contract.
-Current account deficit shrinks massive 64pc
The country’s current account deficit (cad) in the first quarter of current fiscal year declined by a huge 64 per cent mainly on the back of a 21pc reduction in the imports bill.
The State Bank’s latest data issued on Friday showed the current account deficit for July-September FY20 clocked in at $1.548 billion compared to $4.287bn in the same period last fiscal year; a decline of $2.739bn.
The reduced current account deficit is a positive omen for the government, which is struggling with slow economic growth and high inflation. However, despite massive decline in rupee’s value, the country’s exports have failed to register any noticeable increase during the period.
-Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased by 13.98pc compared with the corresponding period of last year.
The import of food commodities into the country during the period under review came down from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, according to latest data released by the Pakistan Bureau of Statistics (PBS).
-Chinese Smartphone Company Realme to build mobile phone manufacturing factory in Pakistan
Chinese company Realme's Director of Marketing in Pakistan Mr He Shunzi in an interview disclosed that Realme is planning to set up the mobile phone manufacturing factory in Pakistan. He told that company is inspecting locations in Islamabad, Peshawar, and Faisalabad Industrial Estate for suitable land. Pakistani mobile market offers guaranteed capital as Realme ranked top five android brands in Pakistan in less than nine months, capturing 8% of total market share, he added.
-Chinese Coal Giant Wants to Convert Thar’s Coal to Diesel
China’s Shenhua Ningxia Coal Industry Group will help convert Thar’s coal into oil and the talks between the two parties are underway. The Shenhua Ningxia Coal Industry Group is a subsidiary of China’s biggest coal producer, the Shenhua Group and the company already has the world’s largest plant for converting coal into diesel, with an annual production capacity of 4 million tons in Ningxia in its portfolio.
The agreement, if signed, will be a ‘game-changer’ for Pakistan, believes Adviser to Prime Minister on Petroleum Nadeem Babar, who accompanied Imran Khan on his recent visit to China. The Pakistani delegation held talks with the Shenhua Group during the trip:
-In a positive development, Pakistan projected among top 20 rising economic growth engines of the World
Pakistan projected among 20 top rising economic growth engines of the World that would dominate the global growth in next 5 years. Pakistan has been projected as one of 20 countries that will dominate global growth in five years time in 2024, an assessment made by Bloomberg using data from the International Monetary Fund (IMF).
-In a positive development, Pakistan textile exports register increase
Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period of the last fiscal year. The textile exports during the period under review were recorded at $3,371.974 million as against the exports of $3,275.303 million during July-September 2018-19, according to latest data by the Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed to the positive growth included raw cotton, exports of which grew by 53.65pc, from $7.047 million to $10.828 million. Similarly, the exports of yarn (other than cotton yarn) increased by 21.95pc, from $7.759 million last year to $9.462 million, while that of knitwear surged by 11.14pc, from $701.393 million to $779.548 million.
-Kartarpur Corridor will open to public on November 9: PM Imran
Prime Minister Imran Khan on Sunday announced that Pakistan will inaugurate the Kartarpur Corridor on November 9. The premier’s announcement came via a Facebook post in which he said that construction work on the Pakistani side had entered the final stage. “Pakistan is all set to open its doors for Sikhs from all across the globe,” he wrote. “World’s largest Gurdwara will be visited by Sikhs from across India and other parts of the world,” he said.
-'$1.2b penalty in Karkey case likely to be waived'
Pakistan Tehreek-e-Insaf (PTI) leader and senior lawyer Babar Awan has said that the $1.2 billion penalty that Pakistan has to pay to Turkey’s Karkey rental power plant is likely to be waived.
“International institutions, through high-level backdoor contacts, have agreed to waive off the penalty. This is very good news for Pakistan,” said Awan while addressing the media on Friday. “International institutions have shown their trust in Prime Minister Imran Khan,” he added.
-Punjab Govt to Introduce a Unified Tax Collection System
Punjab government is contemplating the introduction of a unified tax collection system in the province. The unified system will streamline the tax collection process and facilitate the taxpayers. At the moment, Punjab Revenue Department, Excise and Taxation Department, and local administrations collect taxes in Punjab. On Sunday, Finance Minister of Punjab, Makhdoom Hashim Jawan Bakht, headed a meeting of Punjab Revenue Authority (PRA). Bakht said that a special tax management unit will be set up at the Punjab finance department that will unify tax collection all across the country.
-PM To Launch Clean Green Pakistan Index for Multiple Cities
Prime Minister’s Adviser on Climate Change, Malik Amin Aslam, said that Imran Khan will launch the Clean Green Pakistan Index (CGPI) at a grand launching ceremony on October 30. The initiative is aimed at introducing competition among cities on various indicators, including public access to clean drinking water, safe sanitation, effective solid waste management, and tree plantation.
The prime minister will announce a six-month competition among 19 cities of Punjab and Khyber-Pakhtunkhwa provinces, he added. The adviser said that after six months, these cities will be ranked again and those with prominent progress will be rewarded with special federal and provincial government funds and more cities will be joining the competition.
-PM Khan Will Lay The Foundation of Baba Guru Nanak University on Oct. 28
Prime Minister Imran Khan is going to lay the foundation stone of Baba Guru Nanak University on October 28. The establishment of this university in Nankana Sahib was announced earlier this year when PM Khan was in the town for a Spring Tree Plantation Campaign.
-Sindh govt invites bids for Dhabeji SEZ
The Sindh government has launched the well-connected Dhabeji Special Economic Zone in district Thatta near Port Qasim, according to a statement issued on Monday. In this connection, the Sindh Economic Zones Management Company (SEZMC), being the provincial SEZ custodian, has invited proposals for the development and operation of Dhabeji project through an advertisement published in leading national and international newspapers.
Dhabeji SEZ was highlighted in the recent meeting of the China-Pakistan Economic Corridor (CPEC) Joint Working Group on Industrial Cooperation. The senior officials of China’s National Development Reforms Commission (NDRC) appreciated the Sindh government on the progress made so far. The Sindh government launched the project through an international competitive bidding process as a build-up to the upcoming 10th Joint Coordination Committee (JCC) meeting between China and Pakistan, which would be held next month.
-Rice exports surge 51pc in first quarter FY20
Rice exports from the country during the first quarter of the financial year 2019-20 grew by 50.76pc as compared to the corresponding period last year. During the July-September period, about 839,356 metric tonnes of rice, worth $470.584 million, were exported as compared the exports of 551.5,86 metric tonnes, valuing $312.147 million, during the same period of FY19.
According to data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29pc, as 212,873 metric tonnes of basmati rice ($194.669 million) were exported during the first quarter of FY20, as compared the 127,669 metric tonnes ($132.166 million) in the same period of last year. Meanwhile, 34,090 metric tonnes of fish and fish preparations worth $79.549 million were also exported in the period under review as compared to the exports of 25,859 metric tonnes valuing $67.294 million during the same period of last year.
submitted by FashBasher1 to pakistan [link] [comments]

How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



submitted by wafflestation to Forex [link] [comments]

Some news you may have missed out on part 79.

-Pakistan to host ‘AdAsia – Asian Advertising Congress’ this year
In a logo unveiling ceremony held at Faletti’s Hotel Lahore, on Sunday, it was revealed that AdAsia 2019 —Asian Advertising Congress is going to be held in Pakistan this year. AdAsia is the largest and most prestigious advertising congress in Asia, organized bi-annually by the Asian Federation of Advertising Associations (AFAA). The AdAsia 2019 Congress will be held in Lahore at the Lahore International Expo Centre from December 3 to 5. The theme for the Congress is ‘Celebrasian: Celebration of Advertising and Creativity in Asia’.
-IDB to lend Pakistan oil worth $4.5 bn
The spokesperson for the Ministry of Finance on Saturday claimed that the Saudi-backed Islamic Development Bank (IsDB) will lend Pakistan oil worth $4.5 billion. “The IsDB will lend Pakistan oil worth $4.5 billion over three years. The oil will be lent in three installments of $1.5 billion each every year,” the spokesperson added. The Ministry of Finance spokesperson further said that in the first phase they have received oil worth $100 million and oil worth $270 million will be lent in the second phase. “We are also in talks with the IsDB regarding lending of liquefied natural gas (LNG),” the spokesperson added.
-Economic revival: PTI government relief package earns Rs 125 billion immediately
The federal government’s relief package for the stock market in the ‘Mini-budget’ on January 23 has brought positive impact. KSE-100 index settled at 40,254 points with a rise of 958 points within one week. The business-friendly concessions including abolition of the advance tax of 0.02pc on share trading under Presumptive Tax Regime and super tax in the mini-budget have been welcomed by the stockbrokers and industrialists altogether.
-69 women constables complete elite commando training in K-P
Over 7,000 personnel of the Khyber-Pakhtunkhwa (K-P) police, including 69 women constables, have successfully completed a grueling Elite Commando Training Course. As per a statement issued by K-P police’s public relations, the police personnel completed training in 15 basic courses conducted at different training centres. Most policemen, including the women constables, voluntarily opted for the tough four-month long course. The communique also said another batch of women commandos is currently being trained and shall soon be elevated to the rank of elite commandos.
-Karachi police chief makes surprise visits, suspends four police officials
In a surprise move, Additional Inspector General Police Dr Amir Shaikh on Saturday visited different areas of the city, disguising himself as a common citizen to witness the performance the police force. A police spokesperson said that the Karachi police chief suspended four police officials, including two ASIs over violation of duty rules and harassing public. He said that the police officials were found harassing people instead of controlling traffic at MT Khan Road in Sultanabad. The officials were from Jackson and Sultanabad police stations, said the spokesperson and added that the police chief had directed SP Traffic city and DSP to submit report over the issue. In-charges of Jackson and Sultanabad police stations along with record keepers were also summoned by the AIG Dr Amir Shaikh, said the spokesperson.
-In a historical move, Pakistan elected as Vice Chair of Asia Pacific Ministerial Forum
Pakistan was elected as the vice chair at the third UN Environment’s Forum of Ministers and Environment Authorities of Asia Pacific that was held in Singapore from January 23 till January 25. The newswas revealed in a tweet by Adviser to Prime Minister on Climate Change Malik Amin Aslam. He said Pakistan got elected to the position owing to the country’s ‘sincere and dedicated’ environment preservation endeavours.
-Pakistan Army achieves historic milestone on Pakistan Afghanistan border fencing
Director General of Inter-Services Public Relations (ISPR) Major General Asif Ghafoor Sunday said work on about 900 kilometer fence along the Pakistan-Afghanistan border had been completed. Briefing a team of journalists and anchor-persons at Ghulam Khan, a bordering village in North Waziristan Agency,he said the work on erection of about 1200 km chunk, the most sensitive portion out of the total 2600 km long border with the neighbouring country, had commenced last year. Zero Point is the entry and exit point of Pakistan from Afghanistan where a formal border post was constructed last year Major Gen Asif Ghafoor said the project would cost about Rs 70 billion, which also included the cost of gadgets and surveillance equipment to keep strict vigil on the illicit movement from across the border. He said the fence had amply helped check the movement of terrorists from across the border and it would further assist after completion of the project which was expected to culminate next year. The visit of media-persons was conducted for the first time in the country's history as no such activity could have happened as all the area had been “no go area” for the civilians or even by the security forces themselves.
-Foreign Media representatives visit North Waziristan, stunned with Pakistan Army successes against terrorism
Local and foreign media representatives on Sunday visited Peshawar, Miranshah, and Ghulam Khan Border terminals along with Director General ISPR Major General Asif Ghafoor for the first time after military operations. It was the first direct interaction of the media with local people, who while standing in Miranshah Bazar, talked to reporters about improved peace situation and administrative issues in the area. They lauded Pakistan Army for its efforts in restoring peace and development.
-Pakistan Cement Exports register significant rise in first half of FY 2018 - 19
The export of cement from the country witnessed increase of 32.4 percent during first half of current fiscal year as compared to same period of last year. The export of the commodity increased to $157 million in July-December (2018-19) against the export worth of $118.586 million in sameperiod of last year, a latest data released by Pakistan Bureau of Statistics (PBS) said. In term of quantity, the cement export recorded 55.52 percent increase to 3.671 million Metric Ton (MT) during the period under review as compared to export of 2.36 million MT cement during same period of previous year. On year-on-year basis, the cement export jumped by 78.02 percent to $25.89 million in December 2018 from $14.54 million of cement export during December 2017, the data revealed. The overall export of goods during first half of current fiscal year recorded an increase of 2.19 percent to $11.216 billion against the exports of $10.976 billion recorded during same period of last year.
-KP Tourism. Potential stuns audience at International Tourism Fair in Europe
A large number of visitors, tourists and investors thronged the stall of Tourism Corporation Khyber Pakhtunkhwa (TCKP) at the tourism trade fair at Feria de Madrid, Spain, and showed keen interest in the KP’s tourism potential. The TCKP team highlighted salient features of the cultural and tourist resorts through video documentaries, pictures, brochures and posters. The visitors were informed that 70 percent of tourist resorts were located in KP and the foreign tourists can now visit any place without any restriction and obtaining Non-Objection Certificate. The KP participation in fair encouraged the international tour operators to bring cultural and mountaineering expeditions to the province, which will highlight Pakistan as one of the best tourist destinations for international tourists.
-Foundation stone laid for $200 million knowledge city in Pakistan, first ever in County's history
Prime Minister Imran Khan Sunday inaugurated the first academic block of the NAMAL Knowledge City. The vision behind Namal Knowledge City is to create a hub of knowledge exchange and research in Mianwali. The Knowledge City will include academic blocks, a knowledge center, a sports complex, sports grounds, a hospital, technology parks, business centers, shopping malls, a dairy farm, a resort, software houses, hotels, a primary school, and a housing colony for the faculty. A total of US$ 200 million will be spent on the construction of the Knowledge City which will be built on the concept of a zero carbon foot print and completed by the year 2027. It will have a population of 11,000 with construction spread over 4 million square feet. It will accommodate 7,000 students with 600 faculty members.
-E Rozgar Programme launched, Click for Registration
The Punjab IT Board and Ministry of Youth Affairs has jointly launched a three-month free E-Rozgar Training Programe for the youth, aimed at imparting vocational training to the jobless, enabling them to earn their livelihood honourably. In this regard, the admission has started for enrollment in these technical courses and the last date for the on-line registration is the 9th of the next month. The requisites of getting admission include that the applicant should have an NCIC, his minimum age 16, maximum age 35 and should be jobless.
-Pakistan China ink deal worth billions of dollars today: Report
A Chinese company will invest billion of dollars in mineral exploration and processing projects in Khyber Pakhtunkhwa. A Memorandum of Understanding in this regard has been signed in China today. According to Khyber Pakhtunkhwa Minister for Mineral Development Dr. Amjad Ali, the Chinese company will setup mineral industrial park in Rashakai Special Economic Zone.
-Pakistan's NESPAK completes 3,900 mega projects in Pakistan and across 37 countries of World worth Rs 19,000 billions
National Engineering Services Pakistan (NESPAK) has successfully completed 3,900 development projects within Pakistan and 37 in other countries with an accumulative cost of Rs 19,000 billion since its establishment, 45 years ago. NESPAK Managing Director Dr. Tahir Masood told media here Saturday that foreign countries where NESPAK has extended engineering consultancy services were mostly located in the Middle East, Far East, Central Asia and Africa. In this way, he added, NESPAK had placed the country on the export map of the world and was committed to provide multi-disciplinary engineering consultancy services with the highest level of professionalism and dedication.
-Government launches Dominted Bank bond
PTI government is launching yet another economic initiative for overseas Pakistanis to attract billions of dollars for balance of payment and enhancing reserves. PTI government is launching dollar-denominated diaspora bond named Pakistan Banao Certificate (PBC) on January 31st. The diaspora bond is being launched to take advantage of international savings of overseas Pakistani’s and bolstering its foreign exchange reserves. According to details shared by the Finance Minister Asad Umar , the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return. Mr Umar said four banks had been selected to complete the transactions.
-Rupee hits seven-week high at 138.78
Pakistani currency has recovered to a seven-week high at Rs138.78 against the US dollar in inter-bank market on Friday, according to the State Bank of Pakistan, after the country successfully mitigated the risk of default following receipt of $2 billion from friendly countries. Simultaneously, the rupee revived to a four-week high at retail market to 139 against the greenback on Saturday, according to a forex website. “The $2 billion inflows from the UAE and Saudi Arabia (on Thursday and Friday) has partially eased the panic at currency markets,” said a banker on condition of anonymity.
-PM Imran discusses major proposals to revive PIA
As Pakistan International Airlines (PIA) struggles to rein in mounting losses, Prime Minister Imran Khan discussed major proposals presented at a high-level meeting to turn around the financially troubled national flag carrier. The prime minister chaired the meeting at the PM Office earlier this month, which was attended by top cabinet members, civil bureaucracy and military officers. The premier directed the authorities to arrange additional guarantees of Rs15 billion as interim relief for PIA. A proposal was endorsed to freeze PIA’s outstanding dues, amounting to over Rs80 billion, which were payable to the Civil Aviation Authority (CAA) along with late payment surcharge, according to minutes of the meeting available with The Express Tribune.
-World Bank releases $58m for house financing
The World Bank has disbursed $58 million for house financing in Pakistan and the federal cabinet has approved the transfer of the fund to Pakistan Mortgage Refinance Company (PMRC). “It ($58 million – Rs7.8 billion) is a World Bank credit line for PMRC,” PMRC Managing Director and Chief Executive Officer Mudassir Hussain Khan told The Express Tribune. “The cabinet has approved the transfer of the fund. It will take around a week to 10 days before the money reaches PMRC account.”
-Talks between Pakistan, China for FTA to begin next month
Federal Secretary for Trade, Younus Dagha has said that the talks between Pakistan and China for a Free Trade Agreement (FTA) will commence next month. Talking to a delegation of the Trade Development Authority’s officials in Lahore, he expressed optimism that the new trade agreement with China will help thrive national economy and would be in the best interests of both the friendly countries.
“The trade deficit of Pakistan has decreased by five per cent during the incumbent government and our exports are increasing day by day.” He said the expansion of the trade volume with India depends on the decisions of the governments of both the countries. He informed that trade with Afghanistan is also improving.
-Amended finance bill to reduce cost of doing business: PEW
The Pakistan Economy Watch (PEW) on Sunday said the recently amended finance bill will reduce the cost of doing business which in turn, will reduce the prices of many items. The move will support businesses and help exporters regain ground in the international market as the government has reduced and abolished several taxes to lift economic activities, it said.
The government will lose almost seven billion rupees in revenue but it will gain more in the shape of foreign exchange, said PEW President Dr. Murtaza Mughal. He said the recommendations will be applicable from the next fiscal term but it has already elevated business sentiments as many leading business groups are planning to boost investments.
-Economic reforms help PSX gain 958 points in week
The benchmark KSE-100 index accelerated by 958 points in the outgoing week and settled at 40,265 points, providing a weekly return of 2.44pc, owing to improved sentiment on account of the economic reforms package announced by the government.
The Finance Supplementary (Second Amendment) Bill, 2019 was broadly focused on improving ease of doing business, incentivizing export-oriented/industrial sectors and elimination of domestic growth hampering impediments. A key demand from the stock market to abolish the advance tax of 0.02pc was accepted, while the government also allowed capital losses to be carried forward for three years, thereby impacting the investor sentiment positively.
-Govt to announce medium-term economic framework in coming week: Hammad Azhar
The Minister of State for Revenue Hammad Azhar on Friday said the government will announce a medium-term economic framework in the coming week. The forthcoming medium-term economic framework will bring measures that will enhance exports and investments, said Azhar while speaking at a seminar on “Economic Reforms: Way forward”, organised by the Sustainable Development Policy Institute (SDPI), reports an English daily.
He shared the government is moving towards execution a direct taxation regime whilst gradually restricting indirect taxes. Mr Azhar underlined that the supplementary budget which was announced on Wednesday didn’t target fiscal and monetary measures but was an economic reforms package to resuscitate and enhance growth and investment.
-Economic reforms package to help boost exports, trade and investment
State Minister for Revenue Hamad Azhar on Friday said that economic reforms package announced by the PTI government will help in boosting exports, trade and investment.
Talking to a private news channel, he said the economic reforms package will prove to be helpful in overcoming the trade and fiscal deficit. Mr Azhar said due to effective economic policies of the Pakistan Tehreek-e-Insaf (PTI) government, the international investors are desirous of investment in Pakistan. The government is taking many steps for the revival and betterment of the economy, he added.
-Tale as old as time: Labyrinth of tunnels discovered under Lahore Fort
A labyrinth of underground tunnels, as well as hidden basements, has been discovered under Lahore Fort. Immortalised in short stories, these passages have always been hidden from the naked eye. However, during excavation, the Walled City of Lahore Authority (WCLA) has discovered two underground tunnels and an arsenal which are currently under restoration.
A symbol of the opulence of the Mughals, Lahore Fort has kept many a secret for hundreds of years; secrets which are now slowly being revealed.
During excavation and restoration work, WCLA recently discovered a passage of underground tunnels which run underneath the fortress. This has caused tourists, hungry for information on the underground tunnels, to throng to the citadel and present their own theories on how the passages were used.
-Indonesia, Pakistan ties poised for a quantum leap, says envoy
Counsellor and head of cultural section Embassy of Republic of Indonesia Deny Tri Basuki has said Indonesia and Pakistan share strong socio-cultural and religious bond rooted in history. Pakistan and Indonesia stand proudly together as two of the largest Muslim populated countries and emerging economies of creative and talented people. He expressed these views on the occasion of a business gathering organised by tourism ministry of Indonesia in collaboration with the Indonesian embassy. A large number of stakeholders hailing from the travel and aviation industry of Pakistan attended the event.
-Japanese aircraft take part in pre Aman-19 exercise
The Pakistan Navy is hosting the 6th series of AMAN-19 – a Multinational Maritime Exercise – in February 2019 in Karachi, and two Japanese Naval P3C aircrafts of Deployed Maritime Force for Anti-Piracy Enforcement (DAPE) visited the PNS Mehran in Karachi for the pre-AMAN-19 exercise.
According to a press statement issued by the navy’s Director General Public Relations (DGPR) on Saturday, the Japanese aircrew participated in various events including search and rescue (SAR) and counter piracy (CP) exercises along with the navy aircrew. The Japanese contingent also visited maritime and Pakistan Air Force (PAF) museums to learn about the historic achievements of the two forces.
-‘Chinese, Russian firms keen to invest in PSM’
Adviser to Prime Minister on Commerce Abdul Razak Dawood revealed that three Chinese and three Russian firms have shown interest in investing in Pakistan Steel Mills (PSM).
Addressing a ceremony held for the inauguration of International Steels Limited’s new plant, he said that the committee tasked with revival of PSM has drafted its recommendations and the Economic Coordination Committee (ECC) will make a decision by March.
-China has given Pakistan additional access to its market: Dawood
Prime Minister’s Adviser for Trade and Industry Abdul Razzak Dawood on Saturday said the government is working to hammer out national industrial and tariff policies, ARY News reported. Dawood while talking to industrialists in Karachi, said that China has granted Pakistan an additional access to its market. “We are working to slash unnecessary imports and increase exports”.
He said unnecessary items will be removed from shelves of super markets and precious foreign exchange will not be spent on such imports. The adviser said the government has taken effective steps to facilitate business in mini budget, which will be approved in next seven day.
-Pakistani Teacher Shortlisted for Cambridge’s Most Dedicated Teacher Award
Cambridge University Press has shortlisted a Pakistani teacher, Ahmed Saya, for the ‘Most Dedicated Teacher’ award. Ahmed Saya, an A-level teacher from Karachi, is one of the six brilliant minds around the world to be shortlisted for the prize. The competition included entries of 3500+ teachers from over 140 countries for the prestigious award. Cambridge’s official Twitter handle said it was a tough call, but they shortlisted six teachers for this year’s Dedicated Teacher Awards.
-Swiss Investor to Open A Chain of Luxury Hotels in Pakistan
Swiss International Hotels & Resorts is mulling to open a chain of its luxury hotels in different cities of Khyber Pakhtunkhwa (KP). The President and CEO of Swiss International Hotels & Resorts, Henri (Hans) WR Kennedie informed this to Chief Minister KP Mahmood Khan during a meeting on Friday. During the meeting, Henri told CM Khan that they were already working on a plan to establish luxury hospitalities in various parts of the province.
submitted by FashBasher1 to pakistan [link] [comments]

77 FREE Udemy Course - Valid for 1 Day

Copy paste links if it doesn't open properly by clicking.
  1. https://www.udemy.com/course/mobile-automation-with-robot-framework/.
  2. https://www.udemy.com/course/your-last-intro-to-programming-course/.
  3. https://www.udemy.com/course/asset-accounting-in-sap/.
  4. https://www.udemy.com/course/sap-co-training/.
  5. https://www.udemy.com/course/basics-of-health-insurance/.
  6. https://www.udemy.com/course/bosques-y-cambio-climatico/.
  7. https://www.udemy.com/course/how-to-barbecue-chicken-smoking-chicken-recipe/.
  8. https://www.udemy.com/course/learn-qaida-with-tajweed/.
  9. https://www.udemy.com/course/indian-cooking-panner-matar-masala-with-paratha/.
  10. https://www.udemy.com/course/docusaurus-documentacoes-blogs-e-webpages/.
  11. https://www.udemy.com/course/seguranca-da-informacao-para-e-mails/.
  12. https://www.udemy.com/course/introducao-ao-mpls/.
  13. https://www.udemy.com/course/ccna-quiz-questions-exam-prep-pass-ccna-exam/.
  14. https://www.udemy.com/course/overview-of-aws-services/.
  15. https://www.udemy.com/course/string-stringbuffer-stringbuilder-for-java-certification/.
  16. https://www.udemy.com/course/build-an-awesome-raspberry-pi-minecraft-serve.
  17. https://www.udemy.com/course/immunity-debugger-yaksas-csc-lab-essentials/.
  18. https://www.udemy.com/course/learn-the-one-secret-that-fitness-models-use-to-get-skinny/.
  19. https://www.udemy.com/course/poderesdarepublica/.
  20. https://www.udemy.com/course/antimagia/.
  21. https://www.udemy.com/course/lideranca-feminina/.
  22. https://www.udemy.com/course/family-constellation/.
  23. https://www.udemy.com/course/recruiting-strategies/.
  24. https://www.udemy.com/course/introphpanama/.
  25. https://www.udemy.com/course/social-media-ethics/.
  26. https://www.udemy.com/course/csr-and-corporate-advantage/.
  27. https://www.udemy.com/course/tableaupavanlalwani/.
  28. https://www.udemy.com/course/gamification-lite/.
  29. https://www.udemy.com/course/pixologics-zbrush-2019-the-basics-free-course/.
  30. https://www.udemy.com/course/aftereffectsbasics/.
  31. https://www.udemy.com/course/vsd-a-complete-guide-to-install-open-source-eda-tools/.
  32. https://www.udemy.com/course/how-to-quickly-build-an-effective-survey/.
  33. https://www.udemy.com/course/tienda-en-linea-con-wordpress-y-woocommerce-guia-completa/.
  34. https://www.udemy.com/course/criar-blog-wordpress-para-iniciantes/.
  35. https://www.udemy.com/course/eadgerencianet/.
  36. https://www.udemy.com/course/programacao-em-blocos-com-scratch/.
  37. https://www.udemy.com/course/google-ads-para-principiantes/.
  38. https://www.udemy.com/course/how-to-make-a-beautiful-wordpress-website/.
  39. https://www.udemy.com/course/intro-to-advanced-b2b-marketing/.
  40. https://www.udemy.com/course/customer-journey-mapping/.
  41. https://www.udemy.com/course/cloud-security-with-aws-and-microsoft-azure/.
  42. https://www.udemy.com/course/learn-algorithm-programming/.
  43. https://www.udemy.com/course/digital-marketing-secrets-academy/.
  44. https://www.udemy.com/course/endocrine-system-made-easy/.
  45. https://www.udemy.com/course/mindfulness-in-daily-life-and-at-work/.
  46. https://www.udemy.com/course/master-your-relationships-for-a-fulfilling-life/.
  47. https://www.udemy.com/course/audiobook-creation/.
  48. https://www.udemy.com/course/google-apps-script-project/.
  49. https://www.udemy.com/course/learn-ispring-suite-best-elearning-software-authoring-tool/.
  50. https://www.udemy.com/course/statistical-analysis-with-excel-by-using-extool/.
  51. https://www.udemy.com/course/tibco-ems-and-jms-messaging-tutorial/.
  52. https://www.udemy.com/course/msword2013/.
  53. https://www.udemy.com/course/zoho-campaigns-creating-and-sending-your-first-campaign/.
  54. https://www.udemy.com/course/introduction-to-investment-trading-buy-your-first-stock/.
  55. https://www.udemy.com/course/monetize-your-clickfunnels-clickfunnels-affiliate-training/.
  56. https://www.udemy.com/course/iphone-videomaking-masterclass/.
  57. https://www.udemy.com/course/affiliate-digital-marketing-clickbank-for-beginners/.
  58. https://www.udemy.com/course/how-to-make-a-beautiful-wordpress-website-2019/.
  59. https://www.udemy.com/course/management-consulting-approach-to-problem-solving/.
  60. https://www.udemy.com/course/finance-accounting-for-management-consultants-and-analysts/.
  61. https://www.udemy.com/course/awp-sniper-rifle-creation-and-skin-in-blender-blender-28/?couponCode=27BD430D11A946E1C52E.
  62. https://www.udemy.com/course/storytelling-with-photoghraphs/?couponCode=STORY3DAYS.
  63. https://www.udemy.com/course/portrait-photography-masterclass-10-in-1/?couponCode=ABF34689B146BA5F18F1.
  64. https://www.udemy.com/course/blogging-crash-course/?couponCode=NOVOFF.
  65. https://www.udemy.com/course/ratgebe?couponCode=25DFCE6923992686318C.
  66. https://www.udemy.com/course/write-an-effective-resume-and-cover-letter-in-an-hou?couponCode=533AB32D92BA764761EE.
  67. https://www.udemy.com/course/complex-1-reason-studios/?couponCode=COMPLEX1FREE3D.
  68. https://www.udemy.com/course/rhcsa-rhel8/?couponCode=FREE-3-DAYS.
  69. https://www.udemy.com/course/curso-wordpress-como-crear-un-blog-gratis-paso-a-paso/?couponCode=WORDPRESS-YT-CANAL3.
  70. https://www.udemy.com/course/aprende-a-invertir-en-forex-mediante-multicointegracion/?couponCode=MULTINOV.
  71. https://www.udemy.com/course/facebook-dynamic-ads/?couponCode=DYNAMICADSVICTORY108.
  72. https://www.udemy.com/course/online-seo-training/?couponCode=SEOVICTORY108.
  73. https://www.udemy.com/course/feng-shui-certificate-course-with-crystal-harmony-in-home/?couponCode=F19A590FAB0A3BD7BC67.
  74. https://www.udemy.com/course/edexcel-igcse-chinese-4cn0-01-2018-listening-online-quiz/?couponCode=A117FCF3F1946DAF5045.
  75. https://www.udemy.com/course/einfacher-ziele-umsetzen-mit-yoga-als-tagliche-routine/?couponCode=DISCUDEMY.COM.
  76. https://www.udemy.com/course/howtousetiktok/?couponCode=HOTANDNEW.
  77. https://www.udemy.com/course/influencer-marketing-plus/?couponCode=INSTAMARKETING3
submitted by ViralMedia007 to eUdemy [link] [comments]

5 Things To Embrace In Forex Trading

Forex Trading is a challenge of delight if you have a solid understanding and a right mind. Making impulsive trades without a well thought-out plan often ends with traders’ tears. Here are the must-haves of trading, for you to become a successful trader.

STRATEGY

Trading without a strategy reflects poorly on your results. Success or failure, it all depends on the decision you make. Trading plans act as a map that gives an outline of what and when to trade. Follow your strategy with absolute precision to make more profitable trades.

STOP-LOSS

Stop-loss is a triggering action to protect your capital when the market turns against you. It is nerve-racking to be watchful of your trades at the time of abrupt surges and declines, as we are not hardwired to act faster than the fluctuations of the market.Stop-loss is a position you mark to sell/buy automatically when the price hits to reduce the incurring loss.

MONEY MANAGEMENT

You reach nowhere without proper money management. It is a primary component to increment your profits in trading.The risk involved in online forex trading cannot be taken out of the equation, but it can be minimized. Investing bulk amount causes great losses if you are unsure of the trade and strategy. Test it out by staying low.Use your profit effectively to grow your account over time. Remember, float with the trend to retain your capital.

POSITION SIZING

Proper position sizing is the key element to overcome risk. Position sizing is setting the correct amount of units to buy or sell a currency pair.Here is a controversial statement that gives you a better understanding about position sizing: “Risk too little and your account won't grow; risk too much and your account can be depleted in a hurry”.

RISK MANAGEMENT

You’ll never know the future. Your survival in forex trading relatively depends on risk management. It is a collation of ideas and strategies that lessen the risk.Long-term profitable trading in the global market is an unattainable task without risk management. Accept that you can not be right all the time as your analysis is based on probabilities and previous scenarios. It can evolve at any time.

BONUS: KEEP YOUR EMOTIONS AT BAY

Greed is a dangerous emotion that every trader should defeat. If you want to be a successful forex trader, then you have to overcome greed.Fear is ubiquitous. It can derationalize your thoughts and drag you away from making the right decision.Greed and fear are universal! Greed pushes your act and fear pulls your act. To make a rigid decision as a forex trader keep out the emotions, especially greed and fear.The size of gains and losses are unequal in trading. Traders must realize that not every deal is going to be fruitful. So, it is advisable to adopt better strategies to diminish risk, and progress in trading.
submitted by alshuaib_financials to FreeKarma4U [link] [comments]

5 Things To Embrace In Forex Trading

5 Things To Embrace In Forex Trading
5 Things To Embrace In Forex Trading
Forex Trading is a challenge of delight if you have a solid understanding and a right mind. Making impulsive trades without a well thought-out plan often ends with traders’ tears. Here are the must-haves of trading, for you to become a successful trader.

STRATEGY

Trading without a strategy reflects poorly on your results. Success or failure, it all depends on the decision you make. Trading plans act as a map that gives an outline of what and when to trade. Follow your strategy with absolute precision to make more profitable trades.

STOP-LOSS

Stop-loss is a triggering action to protect your capital when the market turns against you. It is nerve-racking to be watchful of your trades at the time of abrupt surges and declines, as we are not hardwired to act faster than the fluctuations of the market.Stop-loss is a position you mark to sell/buy automatically when the price hits to reduce the incurring loss.

MONEY MANAGEMENT

You reach nowhere without proper money management. It is a primary component to increment your profits in trading.The risk involved in online forex trading cannot be taken out of the equation, but it can be minimized. Investing bulk amount causes great losses if you are unsure of the trade and strategy. Test it out by staying low.Use your profit effectively to grow your account over time. Remember, float with the trend to retain your capital.

POSITION SIZING

Proper position sizing is the key element to overcome risk. Position sizing is setting the correct amount of units to buy or sell a currency pair.Here is a controversial statement that gives you a better understanding about position sizing: “Risk too little and your account won't grow; risk too much and your account can be depleted in a hurry”.

RISK MANAGEMENT

You’ll never know the future. Your survival in forex trading relatively depends on risk management. It is a collation of ideas and strategies that lessen the risk.Long-term profitable trading in the global market is an unattainable task without risk management. Accept that you can not be right all the time as your analysis is based on probabilities and previous scenarios. It can evolve at any time.

BONUS: KEEP YOUR EMOTIONS AT BAY

Greed is a dangerous emotion that every trader should defeat. If you want to be a successful forex trader, then you have to overcome greed.Fear is ubiquitous. It can derationalize your thoughts and drag you away from making the right decision.Greed and fear are universal! Greed pushes your act and fear pulls your act. To make a rigid decision as a forex trader keep out the emotions, especially greed and fear.The size of gains and losses are unequal in trading. Traders must realize that not every deal is going to be fruitful. So, it is advisable to adopt better strategies to diminish risk, and progress in trading.
submitted by alshuaib_financials to u/alshuaib_financials [link] [comments]

Motivational Post No: 2 - How long did it take to become consistently profitable?

Follow up from previous post https://www.reddit.com/Forex/comments/5r0585/the_poster_boy_for_failure_sharing_a_motivational/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage
POST from Dopey on ForexFactory:
Quoting Leonlorenzo I gather your In your 40's Dopey. Do you think you would have been able to work it all out when you were In your early 20's? Im considering that I need to grow up a little more, take some time out, put alot more effort In to conventional avenues to further myself.
That's a really tough question to answer. I'm 51 now and when I was in my 20's I would never even have considered doing this.
In your 20's you have more energy and time, yet less maturity and humility. Also, most people don't really know what they want when they're in their 20's, which is not a bad thing at all. It's important to have a wide variety of interests, how else can you know what you want until you've looked at many things?
Intellectually, trading is not very difficult, it just isn't. However, the proper application is extremely hard and anyone interested in it should know all the reasons why. I can tell you that the key for me was developing myself as a person. It almost sounds cliche but it's true (all cliches are based on a truth). I spend more time every day working on myself than I do in trading, yet my trading is better now than ever. I didn't believe it when I first read about it, as most don't. But there are many who try trading and don't succeed and it's not because they can't pass a test on support and resistance line drawing, or how to calculate a 2.75% position size on a $10,000 account. Plain and simple, they lose because they fuck up mentally.
Let me give you some advice on other people. I was 26 when I hitchhiked through Europe for the first time, from London down to the Greek Islands in back in one summer. It was an amazing time for me and I vowed to myself to spend the rest of my life seeing the world.
Everyone in my life, except my mother, told me to get serious and settle down, get a steady job, have a family and be average just like them. This includes two ex-wives. Some how I knew when I was still in my teens that you can't depend on others to map out your life for you and that what they pass off to you as advice that is supposedly in your best interest is the farthest thing from the truth.
As I've stated before, I've met plenty of people who have believed they knew better than me what I should or should not do with my life. As a rule, most are average people who live average lives. They are all still living average lives (which in itself is just fine because it's like street sweepers, if there isn't people who voluntarily do stuff like that, then I might end up being forced to do it, so I do appreciate average people and the role they play in the world).
Now it's 25 years later and I've spent the past 20 years travelling the world. I've been to just about every great and majestic place you've ever seen on tv or in a book. I've done so many things that most people think about their whole life and keep on saying, "I'll do that when I'm retired." I spend my summers (you gotta love teaching in universities...which I specifically chose to do because of the time off...you try going through grad school with that in mind...it's easy) in 3 or more countries. I've spent 13 months in the last 10 years hanging out in Thailand simply because I love the place.
I go home on occasion and I see everyone living their average lives and they don't really want to talk about what I do, where I've been, what I've seen and done to any degree. Mainly because it reminds them that a. they were wrong about me and b. that they're living terminally average, boring lives. So I don't go home much anymore. Meanwhile, I work with over 150 westerners who are just like me in that they chose to not be average and stay put because others told them that it's the best thing for them. So I've got plenty of company, including my third wife who loves our life. And what really burns all their asses is that my wife and I both teach here and our combined salary with all benefits is over 120k per year...and we work 8 months per year.
Sorry for the long reply, but the best advice I can give anyone in their 20's is to follow any dream you have. Understand why people give you the advice they do, it's mainly to serve their interests, not yours. My mother was the only person who truly wanted me to have what I wanted. She supported me 100% in everything I did, no matter what it was. I was lucky to have had her support and her love. After 18 years, I still miss her terribly. Surround yourself with others that are also following their dreams. Don't let anyone tell you what your limitations are or should be. Don't let anyone define you in any shape or form. It doesn't matter what you do with your life, as long as it's what you want to do.
It's your life, live it accordingly.
Credits: http://www.forexfactory.com/showthread.php?p=2768964#post2768964
submitted by thedreamed to Forex [link] [comments]

Crown Jewels: Major Achievements of Azbit’s Pros

Crown Jewels: Major Achievements of Azbit’s Pros

https://preview.redd.it/z01xzlhljp421.jpg?width=1000&format=pjpg&auto=webp&s=ee5b4bc08db658efd9c684c7123c2b25d144e030
Behind each achievement at any company are people. Azbit’s success story would not have been possible without the pool of gifted minds - those who are taking the project to a qualitatively new level. The team’s and advisors’ extensive experience, authority, knowledge, and impeccable record are our prime capital (literally crown jewels) and pride.
The following are major achievements of professionals engaged in project’s development:
Roger Ver (Advisor)
“Bitcoin Jesus” is a person who clearly needs no introduction. He is founder & CEO of Bitcoin.com, bitcoin evangelist and angel investor. In 2018 he was ranked number 36 in Fortune’s The Ledger 40 under 40 for transforming business at the leading edge of finance and technology. Since 2011 Roger Ver took part in successful projects, including Bitpay, Ripple, Blockchain.info, Kraken, Coinsetter.
Mate Tokay (Advisor)
Mate Tokay manages the top source in the world of Bitcoin - Bitcoin.com.
Giovanni Lesna Maranetto (Advisor)
Giovanni is a blockchain strategist, entrepreneur, speaker, and, the icing on the cake, a top 30 ICOBench Advisor.
Max Zmitrovich (CEO, co-founder)
His latest projects include participation and directing business development of projects around the world, to include cryptocurrency exchange and international trading companies Veles Limited, Poliphone SIA, largest UK estate agency Connells, manufacturing company EELL, Rivera.
Michael Yermolitski (Co-Founder)
Michael Yermolitski is a holder of a $1,500,000 crypto portfolio. Head of a group of companies in the B2B and B2C sphere.
Prof. Alex Siow (Enterprise Risk Manager)
He has a fundamental 38-year experience in the sphere of Strategic Planning and IT. Alex Siow was at the forefront of the IT sphere development and has become a living legend of the Asian business community. He is a Professor in the National University of Singapore.
Azam Khodzhaev (Chief Communications Officer)
Azam Khodzhaev is Eastern Europe’s No. 1 thought leader in the crypto and mining sphere. He is an independent advisor to the Russian government on blockchain.
Andy Yeo (Blockchain Lawyer, AML-specialist)
An authoritative analytical portal, Global Investigations Review, featured Andy Yeo as one of the leading AML experts. He is a top-pro in the area of securities and banking regulatory compliance.
Elena Certa (Advisor)
She is Director, FSA Direct Access Clients at Bank J. Safra Sarasin Ltd (Switzerland). Elena has over 11 years of experience in trading in capital markets focusing on FX, commodities and interest rates.
Mickey Choi (Advisor)
Mickey Choi is a prominent representative of the Korean private investor community with 11 years of financial experience. He was honored by a special award at 2018 Global 100 and received a merit of recognition in the New Technology Innovation Target category.
Sergei Ermolitski (Head of Operations, co-Founder)
Sergei Ermolitski has extensive experience of cybersecurity for financial IT projects. For a long time, he held the position of CEO at FxCash, the first Forex cashback service in Eastern Europe.
Andrew Rohau (Chief Technology Officer)
Andrew has 17 years’ experience in the development of technical solutions, IT, system architecture, business analysis. Back in the early 2000s, he was at the forefront in designing and implementing computer networks based on technologies of Cisco Systems. Worked with international organizations, including Open Technologies, Huawei Technologies, UNDP, UNICEF, UNHCR.
Stefan Bergström (Business Strategic Advisor)
He invested in nearly two dozen tech start-ups. Stefan Bergström is strategist and business consultant at a number of companies and successful blockchain projects, including CoinAnalyst, MapCoin, Aimedis, Ufity SA, Sidera Blockchain Technologies, NOBAR, Netscouters International, TokenMatch.
Yulia Gushchina (VP of Sales and Partnership)
Yulia has deep knowledge in the sphere of business relations psychology, international and diplomatic relations with top level businesses and State local Government customers. Prior to joining Azbit, she has worked in Strategic Development at Huawei Technologies Co.Ltd.
Pavel Kalashnikau (Advisor)
He is co-Founder and director of FxCash, one of the leading forex cashback services.
Lam Riki Pham (Head of Strategic Planning)
Lam is a highly experienced leader in financial industry with over 10 years’ experience. He has been working with the State Bank of Vietnam as a Government Officer for Strategy planning for the banking industry.
Dmitry Gursky (Chief Business Development Officer)
Independent blockchain consultant to the government of the Russian Federation and the CIS countries. Dmitry Gursky participated in the release of the first projects with Security Tokens
Alex Moroz (Chief Marketing Officer)
Alex developed his own exclusive methodology for ensuring an effective promotion system, which he has successfully applied in several Fintech startups.
Max Seluk (Advisor)
Max Seluk is CEO of KMA.biz, one of the biggest partner networks in the field of banking, finance, retail and e-commerce.

Join our Telegram group and social media communities to stay updated!
submitted by Azbit_news to u/Azbit_news [link] [comments]

Motivational Post No: 3 - Learning to Become a Successful Trader

Follow up from previous post: https://www.reddit.com/Forex/comments/5s0kamotivational_post_no_2_how_long_did_it_take_to/
Sharing another one I liked, I would pick this one as the best out of the 3 I've posted, this one is educational as well. Anyway, is the formatting alright, anything I can change to make it easier to read this wall of text? Thanks.
POST:
Learning to Become a Successful Trader
The following was posted as a comment by Ziad in reply to a post on Michael Brenke's Blog, but I'm posting it here (with Ziad's permission) because I believe it contains extremely valuable and genuine insights coming from a very disciplined and successful trader. I would also like to include the following quote by Dr.Brett Steenbarger
"Too many traders are looking for setups, when in fact they're the ones being set up."
Hi Michael,
I've been reading your blog for quite a while now but haven't commented yet. However, I feel I need to comment now.
If you don't mind I'm going to be very straight forward, and blunt even, but I hope you'll take it from a spirit of sincerity and genuine desire to help. It's going to be a long comment, so I'm going to break it up into 2 or 3 comments.
Here's the situation as I see it: For the last few months, and possibly much longer, you've just been spinning your wheels while thinking that you are getting somewhere. The reason for this is that you are going about learning how to trade in the wrong way, in my opinion. I say this because I've been trading much less than you, a little over 2 years now, and yet because of the way I went about learning and what I focused on, last year I netted $150k while nearly quintupling my account, without a single losing month, and while only risking a very small portion of my account on any single trade. Now there could be many reasons for the difference in performance, but I think one of the main reasons has to do with what you are focusing on and how you are going about the learning process.
To try to put it as succinctly as possible, in my view traders that are focusing all their attention on "set-ups" and finding out which combinations of indicators work are never going to become profitable. They are trying to follow the advice of trading books that say trading is simple and psychology is everything. So they search for set-ups that 'work', and that can take the guess work out of trading. They want to be "disciplined" and have simple rules that guide all their actions. But there's a few problems with this. Namely, while psychology is HUGE, it's not everything. And while trading is all about simple principles, actually having an edge is NOT simple. It's a myth that you can have a couple simple price or indicator set-ups and make money consistently if only you are disciplined. That's a load of crap. It keeps the dream alive for wannabe traders who never realize what it's truly about. Well let me tell you what it's truly about...
Trading is about being okay with ambiguity. It's about tolerating confusion. It's about sitting with discomfort and being at peace with it. It's about not having an exact script of when to trade or not to trade, or what's really a high odds trade, and being okay with that. It's about exceptions to the rules. It's about contradiction. It's about uncertainty.
And yet traders left and right want to make it simple. They want to reduce it to a few simple set-ups to trade with discipline. And yet the market is not simple. The market is all about uncertainty, and complexity, and ambiguity. Simple set-ups could never capture that, and they can never give you a true lasting edge.
So what's the solution? Is the problem in the simple set-ups themselves? No, it's in how they're being used. The bottom line is, every trader needs to learn to READ the markets. This means that simple rules will not do. There has to be a synthesis of different elements (whether they be price action, indicators, inter-market themes or whatever), and real-time interpretation must take place. It has to be all about CONTEXT. Once you can read the markets, and don't fool yourself it is a very complex process, then you can choose to employ "simple" set-ups to enter and exit. But the real work will be in interpreting the market to see when you should use which kind of set-up. Seeing a hammer or whatever near a support means nothing unless you've identified the broader picture and gotten a sense of the kind of tactics you should be using, and what the odds are for different scenarios unfolding.
Now I know you, and most traders do this to a certain extent, but your main focus is on the set-ups. It's not on reading the market from minute to minute, hour to hour, figuring out the odds of it doing this or doing that, adapting dynamically, and thinking of trade ideas from all your observation as the day unfolds. Rather, it's waiting for some simple set-up to pop up and then taking it.
Now is it easier emotionally to have clear set-ups to wait for and trade in this simple manner? Absolutely. But who said 'easy' would make you money. If I've learned anything, it's that the market rewards what is hard to do. It's hard to have ambiguity surrounding your market reads. It's hard being uncertain. It's hard dealing with competing and sometimes conflicting signs. And yet, this is what it's all about. You have to stop trying to avoid this by needing things to be clear cut. And is it hard to be disciplined when there's so much uncertainty about what is the right trade to make? Of course. But instead of trying to avoid the uncertainty by looking for simple set-ups, or some straight-forward method, train your mind to be able to deal with the uncertainty.
As for the learning process of how you go about doing this, it's all about being constantly engaged with the markets, trying to figure things out and learn from experience. For me, for instance, what I did was each and every day take notes in a journal all about market action and what I think it means, and how I should trade, and what is working and what's not. I didn't write a journal describing the trades I took, or what my emotions were during the day. It was all about market action. And it was all my perception and interpretation. Day after day, week after week, making mistakes, wrong calls, being clueless as to what was going on, not knowing how I should trade, not knowing if my views made sense or not, and yet I continued taking notes and learning. Then I would view charts and combinations of historical intraday charts, and I'd note certain behavior. For example, I'd study trend day after trend day and try to notice what they had in common and how I could have picked up on it in real time. Then I'd study range days. Then I'd study a price chart of the ES versus the Advance decline line and see what the relationship was across many different days. Then I'd do the same with the ES and TICK chart. And on and on. Over time, this gave me a feel for the markets, and a certain understanding of how certain days differ and many subtle signs and tells for each type of environment and context.
As for set-ups, I didn't use any predefined ones. I just formed trading ideas and then tried to get in at good trade locations. Even this, which is the art of execution, is quite complicated and not straight forward. I started realizing that in some environments it's best to wait for pullbacks, in others I need to get in at market or I'll be left in the dust. In some markets I can buy low and sell high, in other markets the opposite is in order. And so on.
I became consistently profitable in a timeframe of a few months by doing this. But of course before that I had read 30 or 40 books and so I had all the technical background. I had also worked a lot on my psychology and personal issues. But all of this was in conjunction with a method of learning and trading the markets that was mostly in opposition to what the general wisdom says about simple set-ups and exact rules.
Now of course you might say that everyone has their own style, some discretionary and some not. Absolutely. But even the purely mechanical traders are very adept at reading markets, and are aware of all of the complexity and ambiguity inherent in it. Their system might end up being simple, but it will come about through a very deep and complex understanding of markets. And usually this system will take the market environment (i.e. context) into account. It wont just be simple mindless set-ups.
In the end, all of what I am saying is meaningless unless you come to a personal realization. Take a look at your trading career thus far. Do you truly believe that if you just learn to focus and take all of your set-ups then your equity curve will reverse and you'll be a consistently profitable trader? Why would the world's top institutions spend millions and billions on R&D when a few simple set-ups could make them all of the money. This doesn't mean that to make money you need extremely complex mathematical models. Far from it. What it does mean is that you need extremely complex mental maps that take time and experience to develop, and that will never develop if you spend the whole trading day simply waiting for set-ups to materialize. That just won't cut it.
Right now your learning curve is stagnant because you're not truly studying the markets. Your day is wasted in waiting mode. It's not in observing and absorbing mode. Also, because you fear loss, you aren't willing to experiment. This means that you aren't making mistakes and failing regularly, which is what you need to do to learn quickly.
So to conclude, based on all of the above, my advice to you would be to stop trading and make a mental shift. Realize what you need to do to become successful, and it's definitely not staying on this endlessly unfruitful path being supported by the hope of future profits. You're just running in your place unless you change your focus and your learning method. And if you thought the journey was tough so far, you haven't seen anything yet. Get ready for uncertainty and ambiguity like you've never seen it before. But this shouldn't be scary. It should be exciting, because this is what trading is all about. This is why it's called an ART. And it truly becomes one when you change your focus and your learning process. Then everything, including success, becomes possible. And until then, it'll be a distant dream that keeps appearing to be so close and yet stays so far away.
So you need to re-align with a new thought system and then get on the simulator and trade. Take losses. Make mistakes. Be clueless. Don't be afraid of it. It's okay, that's the only way you'll progress. And trust me, progress you will.
Best of luck to you, and I wish you much success.
Ziad
ChuckJune 29, 2009 at 5:44 PM I re-read Ziad's post again today (and no doubt will re-read it many more > times) because it really makes me think about how I analyze the market > each day and how I fit my own setups inside a discretionary plan that has to take into account all the "reads" the market is giving, or at least how I interpret those reads. Ziad must be a brainy guy. I have described the market as being like a maze whereas we show up at the same front entrance every day, and we navigate the maze in the same way (i.e. the same timeframes and indicators every day), and we exit at the same place each day, but every day the walls of the maze are switched around so that the paths are different each day. That's how I see Ziad's premise (a correct premise I believe). We enter the maze each day with the same ability to turn right or left, but unless we see the bigger picture and learn to understand and "get a grip on it" on the bigger view mentally,the turns will lead us to dead ends. Maybe that's confusing but executing our setups without being able to interpret the bigger picture "good enough" will lead to frustration and a lot of "what the hell is going wrong?" frustration.
I'm glad you liked the post Chuck. I felt I had to write it because I know how bad I wanted to succeed at trading when I first started out and how I searched for every inkling of advice I could get. So when I have the chance to offer timely advice I always have to take that opportunity.
And since we're on the subject, I'll share a couple more things with you. Every day I psych myself up before the trading day and during it so that I can have that killer mentality needed to have peak performance in trading. One thing I read every day is something that I wrote to remind myself what trading is all about and where my focus should be. I wrote it because whenever I faced adversity and had ups and downs it always demotivated me and knocked the wind out of my sails temporarily. But I realized that to perform at a world class level I couldn't let that happen. So I wrote the following, and I read it every day at least once or twice:
"It’s not meant to be easy to do all of this; in fact it’s meant to be very hard. If it were easy anyone could do it. Almost everyone knows what it takes; few can actually do it consistently. That's the challenge. When adversity strikes even when you're doing the right things, it’s not unfortunate because greatness is not just about doing the right things, but about doing them even when they cause pain and discomfort- weathering the tough times is the inherent prerequisite for being great. Adversity is built into the game and therefore it’s not an unfortunate set-back that is keeping you from your potential; rather your potential is cut very short without being able to deal well with adversity. So expect great results long-term, but adversity and ups and downs short-term. It’s got to always be about doing the long-term beneficial, not the short-term pleasurable. And we don’t deviate from that, no matter the pressure. And we relish the opportunity to be mentally tough when adversity strikes when so many would wilt and when it feels so unnatural to be optimistic and confident. That is the real goal and priority. Now keep conditioning- constantly reprocess and replace any thoughts that aren’t in line with all of this. It will take a great commitment to unlearn old thinking patterns and instill a new way of thinking to the point of habit. And you can do it."
Reading this reminds me that I'm not a victim of circumstances. That adversity isn't some external factor sabotaging my results. It's part of the game. In fact, it's what the game is all about! You have to learn to relish the opportunity to remain poised when losses hit or when you make mistakes. Take pride in it and make it your main focus. Love trading's inherent difficulties because the ability to handle them is what will truly set you apart. And always remember: this is a game of hits, losses, and misses. Those that can take them best ARE the best.
I wish you all the best in your trading.
Ziad
Credits: http://www.eminiplayer.com/2009/06/learning-to-become-successful-trader.html
submitted by thedreamed to Forex [link] [comments]

SPECTACULAR NUMBERS

Watching Wall Street boast its best start to a year in over a decade, investors are turning their focus to the fourth quarter earnings season, with results beginning to trickle in this week. Traders are focusing on the recent U.S. tax overhaul, which could provide breathtaking numbers, but it will not affect stock prices much.
ECONOMIES
German factory orders in Europe's biggest economy slipped by 0.4% in November after three months of gains. The dip was largely due to fluctuations in bulk orders but the overall trend remains positive. China's forex reserves posted an eleventh straight monthly increase in December, $20.7B, taking the full-year increase of the world's largest foreign-currency stockpile to $129B.
The FED should raise interest rates three times this year, given the already strong economy will get a boost from tax cuts.
ARAMCO’s 5% IS FOR SALE
Aligning its strategy with peers, Exxon Mobil (XOM) and Chevron (CVX), CEO Ben van Beurden said that growth of competitor Shell's (RDS.A) oil and gas operations in the next decade will depend on shale production. On what else?! Candies? What a discovery! Saudi Aramco and some of the kingdom's biggest companies said they'll pay Saudi staff more money, matching a royal order amid rising prices. Saudi Arabia seeks to sell as much as 5% of Aramco.
CRYPTO
The SEC has received a request to allow five bitcoin-related ETFs to be listed on Arca, a secondary marketplace on the NYSE. The instruments, are not tied to the price of the cryptocurrency itself, but would track bitcoin futures.
AT&T BACKS DOWN
AT&T (T) is backing away from a plan to sell phones made by Chinese handset giant Huawei, on the eve of a big announcement of the deal. The deal that Huawei was set to announce tomorrow would have been its first partnership with a major U.S. carrier, but AT&T has changed its mind. So far it is not clear why AT&T backed down, but there are two issues occur. Are Huawei's phones carry spyware? Is it because the US wants to have domestic competition? At one point we’ll have the answer.
THERE ARE NO JEDIS IN CHINA
$36 million in third-week grosses, Jumanji: Welcome to the Jungle (Sony) finally toppled Star Wars: The Last Jedi (Disney) from the top of the box-office charts. Disney made an impressive $1.2 billion, but it is far from the estimated $2 billion. It seems that China has no Jedis, the movie made only 26% of expectations in the country. The Force is weak in China.
NVIDIA, VOLKSWAGEN, UBER, AI
Making further gains in the autonomous vehicle industry, Nvidia (NVDA) is partnering with Uber and Volkswagen on AI platforms. So far, 320 companies involved in self-driving cars - whether software developers, automakers, or sensor and mapping companies - are using Nvidia Drive, formerly branded as the Drive PX2, proven that there is more than cryptomining to the company!
WHIRLPOOL KICKS OFF CES2018
Apple (AAPL) Watch users will soon have the ability to control Whirlpool (WHR) appliances through the wearable. Whirlpool announced the development at CES and said the compatibility would come later this year to 20 connected appliances. Whirlpool says Amazon (AMZN) Alexa and Google (GOOGC) Assistant voice controls will also arrive in 2018.
SPACEX - THE FIRST LAUNCH OF 2018
SpaceX successfully launched a secret U.S. government payload called Zuma on Sunday and landed its rocket back on Earth. The Falcon 9 powered a spacecraft made by Northrop Grumman, which was sent into low-Earth orbit. SpaceX is now looking towards its next challenge, launching the Falcon Heavy - its largest rocket to date - at the end of January, meanwhile Tesla’s stock price soared higher.
#DAILY PICK
Amazon (AMZN) Alexa Onboard was introduced yesterday. Another green day.
Electronic Arts (EA) is upgraded to Buy, new PT is $130.
Applied Materials (AMAT) also got an upgrade, double bottom formed, ready to rock!
Johnson & Johnson (JNJ) had great presentation at JPM Healthcare conference. Climbing steady.
PayPal (PYPL) one day transfer, instant debit card transfer. Smells like blockchain integration. But who cares?! $86 on the way. Tight stop people!
FX WORLD
Not a lot happened on Monday, mostly momentum trading was possible. It doesn’t seem to be busy today either, still look for the correct entry points! The EURUSD initially took off to the upside, then broke down to the 1.20 area. 1.19 offers support, where the pair can find buyers and clear the 1.21 level. The GBPUSD didn’t do a lot, which is a sign that it is trying to break out. 1.365 offers resistance, if we break above, the pair will aim higher. 1.3333 is supportive underneath. The USDJPY did a lot of back and forth move during Monday, but couldn’t clear 113.5. Expect pull backs, which will offer good entry points, the pair eventually will break out on top! 112 is kind of an absolut floor.
TODAY’s MARKET
In Asia ASX200 +0.13% (6,130.3) HANG SHENG +0.11% (30,869) NIKKEI +0.99% (23,849.5) SHANGHAI +0.52% (4,178.5) In Europe DAX30 +0.36% (13,367.78) FTSE100 -0.36% (7,696.5) BUX +0.27% (40,1.4) CAC40 +0.30% (5,487.4) In US Dow -0.05% (25,283) S&P500 +0.17% (2,747.7) NASDAQ +0.29% (7,157.4) Crude +0.12% ($62.21) Gold -0.10% ($1,319.05) Today's Economic Calendar CHF - Unemployment rate EUR - German trade balance EUR - French trade balance EUR - Unemployment rate USD - JOLTS job openings
Check our blog for more information: https://www.gtc.news/single-post/DT18009EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

submitted by GTCnews to InvestmentBanking123 [link] [comments]

Trade Empowered - YouTube How to Master the Art and Science of Trading. Bitcoin Trading (Free Course) Lesson 12: Psychological Map Forex Fundamental Analysis - You Don't Need It - YouTube Trading Software : MarketMakerMAP.com I.T GUY TO FOREX TRADER - Our Interview with Kjetil Johannesen BEST MOVING AVERAGES: This Is What Professionals Use (For ... IS FOREX TRADING RISKY GAMBLING AND HOW TO BACK TEST Bill Williams - Chaos: The New Map For Traders

Forex Trading London Forex Trading London – Helping You to Profitability – Learn High Probability Forex Trading Techniques at our London Workshops & Seminars & via our online Personal Coaching & Mentorship Programme for Beginners to the more Advanced Trader mindmap — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! Choosing a forex brokerage, signal provider, or charting software are difficult decisions, so we've established a set of reviews based on a variety of criteria for evaluating their credibility. Foreign currency trading is different from futures, options, or stock trading, and it's important to understand the terminology. We hope you will continue to learn to trade with us, and if you ever have ... Free Forex Cash Flow Trading Mindmap Just wanted to make sure you went and got your free Forex Cash Flow Trading Mindmap from Cecil Robles. Too many people want to get professional trading results, but... Cecil Robles Forex Cash Flow Trading Yesterday I mentioned this, but it is worth repeating. Cecil Robles has a Forex trading system called the Forex Cash Flow Method. He is putting out some ... Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. Nor will it likely ever be. No representation or implication is being made that using the ... Mind map: forex trading -> New node. By using this homepage, you agree to our privacy policy including the use of cookies as described. Close. Mind maps Guide Blog FAQ Sign in Sign up or sign in to like or comment on this mind map forex trading. 0 views 0 comments 0 likes . by michaelvalbert . 0 comments. Sign up or sign in to comment on this mind map Related mind maps. XRONOS VK . 745 views ... The Yin Yang Forex Trading Course reveals how you can trade on all time frames and some of the best trading opportunities are those on the 1-4 hour range that last about 3 days to 2 weeks. But you may prefer to enter and exit trades within a period of several minutes to a few hours. When you apply these techniques to the 1, 5 and 15 minute time frames you will see that there are almost ALWAYS ... Live track record and forex trading results. Tradingon.com provides forex trading signals, indicators,money management and Neuroscience trading psychology. Take a look at our interactive learning Mind Map about Trading, or create your own Mind Map using our free cloud based Mind Map maker. 92# Forex News Trading System; 93# CCI Trend Strategy; 94# Forex Soloist Method; 95# Trend and Range Markets; 96# EMA Cross; 97# SMA Crossover; 98# Bouncing EMA and KG Analysis; 99# Vidya; 100# Currency Ring; 101# SMA H1 Trading System; 102# The Dance Trading Method; 103# System 500; 104# Tom De Mark Trend line Strategy ; 105# Cobra System; 106# The Boomerang; 107# Trend or Range; 108# EMA's ...

[index] [13065] [27512] [22008] [7104] [16046] [27462] [17843] [5348] [10691] [24224]

Trade Empowered - YouTube

LIVE Forex Trading - NY Session 6th November 2019 WicksDontLie 920 watching Live now ex Goldman Sachs Trader Tells Truth about Trading - Part 1 - Duration: 12:39. MIND-MAP FOR LESSON 12: https://files.fm/u/43ps8ueg Daily Live Stream Here: https://www.twitch.tv/c0tt0nc4ndyta ️ Support the channel with donation here: Pa... How to use moving averages in trading? Using moving averages is a common strategy among traders, incorporating them in their stock trading techniques. When a... How To Earn $22,543 Every Month Trading Forex In 2009 - Duration: 3:41. Trading Mastermind 106,577 views. 3:41. ... How To Day Trade Using Fractals - Market Turns, Breakouts and Draw Trend Lines ... Forex Trading Signals: How to Always Know the Exact Entry Price! - Duration: 12:50. Trading Mastermind 1,767 views. 12:50. 95% Winning Forex Trading Formula - Beat The Market Maker ... Trade Empowered; Videos; Playlists; Community; Channels; About; Home Trending History Get YouTube Premium Get YouTube TV Best of YouTube ... Best Forex Trading Strategy 2019 - Duration: 12:02. FXN Trading Group Recommended for you. 12:02. How To Destroy The Market Makers - Duration: 11:49. ... Bollinger Bands Indicator Explained - Learn how to trade with Bollinger Bands - Stock Market Mentor - Duration: 23:18. Stock Market Mentor 225,461 views You were told from the start you needed Forex Fundamental Analysis to trade profitably. You were lied to. Here is why. Blog for this Video - http://nononsens... We feature interviews with many of the worlds finest traders, a presentation on what makes up a trade plan and we even demonstrate how to backtest. Don't forget to get your FREE Traders mind map too.

http://arab-binary-option.kingpopin.tk