Importance of Fundamental announcements in currency trading market

Importance of Fundamental announcements in currency trading market - Just like a space craft going to be launched requires a fire thrust to launch into air, the same way the forex trading market requires the fuel of fundamental news and announcement. Many of the times you must have seen that market is range trading meas the currency pair price is bouncing between a support and resistance line..

The Missing Element

When it is all said and done currency trading is all about the human element and all too often this is the missing element when it comes to Forex training. The human element consists of two components each trader must completely understand:

1. Others traders in the market

2. Themselves

Price bars and candlesticks are merely graphical representatives of supply and demand of the market. And what or rather who is the market? Other traders! Whether they sit in a skyscraper in New York, an brokerage office in London or like me, a home office in Phoenix, the market is nothing more than other traders.

Understanding who these traders are, how they react to events and their potential impact on the marketplace is crucial. This is why we caution our student around market opening times and the impacts of news events.

The other, and more overlooked factor in the human element is us. In my prior life as a consultant, my job was to go into a company and address specific challenges. The most difficult component of my position was to collaborate for change when the company would not. Fear of change is a power human element.

It is difficult for each of us traders to take a critical look at who we are, understand our strengths and admit to our weakness, so that we can set a course to success. Self-Mastery is necessary for all traders to make that critical leap in their personal learning curve.

Forex Journey integrates all the components of creating and maintaining a results-orientated trading system by teaching self-mastery skills side-by-side with Forex strategy and money management techniques.

As a Success Coach to Traders and Entreprenueurs and Certified Hypnotist, I deal with self-mastery skills on a daily basis and can ensure you mastering yourself will not only improve your trading, it will improve your life!

Happy Trading!!

Forex Journey Website is Here!!

We hit the switch and Forex Journey Currency Training Webiste is Live!!

WHAT MAKES US DIFFERENT?

There is good Forex training and there's not so good currency training. I have seen it all. I am no different than most of you who got interested in trading the Forex market while deeply involved in another, unrelated career.

I did not learn at a broker, I learend from the environment I currenlty trade in today - home! Through books, seminar and online education, but mostly trial and error. There are hundreds, if not thousands of strategies out there for this market. Believe it or not most are generally good and just a derivative of basic trend-following or range-bound strategies.

So then, why is the failure rate of currency traders somewhere north of 90%?The answer lies with each individual trader! Forex trading, trading in all liquid markets runs counter to human nature and the human element must be integrated into every aspect of your trading. That what makes us unique.

We train our students from the inside out.The secret weapon in currency trading is right between your ears and we intend to harness that weapon to YOUR fullest extend!!

The Forex Journey Website which features:

Live Market Training
One-on-One Coaching
Personal Self-Mastery in Trading to Your Strength
Live Workshops
Online Web Semianrs and much more...

I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success in the market lies within.

The goal of our website is to teach traders to manage 3 Essential Elements of Forex currency trading: trading through sound strategies and approaches, master their emotions through identifying their unique trading personalities and trading to their individual strengths (no one size fits all here!) and lastly, through strong money management principals.

What makes us different? We put the trader at the center and craft success for the individual student.

We still maintain our recomemnded reading list over on our Lens. All proceeds from the Lens goes immediately to charity!

COMING SOON - A SPECIAL INTRODUCTORY OFFER FOR MY BLOG READERS.

STAY TUNED and Happy Trading!!

You asked on Peter Bain Pivot points forex course and I am answering it

You asked on Peter Bain Pivot points forex course and I am answering it -Since the time I recommended Peter Bain's forex mentor trading course, few of you have come back to me with a common question - "Is it worth an investement?"My answer will be "Yes!!! If and only if you like doing day trading." This essentially means that if you keep your trades open from few minutes to few hours and not