Archive for August, 2016

  • Successful professional traders do three things that amateurs often forget. They plan a trading strategy, they follow the markets, and they diarize, track, and analyze each of their trades.

    USDCAD LOSS

    I got back into this, as I strongly felt that the outlook for this pair is bearish. The system was…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    USDCAD BREAKEVEN

    All charts were in line, including the 1hr. I was taken back by the quick reactions of the market. I…

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  • resistance levels are also regarded as a ceiling because these price levels prevent the market from moving prices upwards.

    EURUSD PROFIT

    30min and 5 in were lined up perfectly for about 2 hours. I was waiting for 1 min to cycle…

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  • A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity. These points, known as signals, are often marked on a chart in real time and prompt the immediate execution of a trade.

    USDCAD PROFIT

    I got in a little late in this trade. I was caught out watching another pair. USDCAD 1, 5 and…

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  • #economy #investor #life #daytrader #trader #stocks #stockmarket #daytrade #daytraders #daytrading #traders

    USDJPY PROFIT

    I got in and out of market quicker than I normally do. Recent battle scars and news at 14:15 make…

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  • This USD/CAD Chart lets you see this pair's currency rate history for up to 10 years

    USDCAD 2 LOSSES

    Not a great week this week. Overall I have been pinched 4 times . I found…

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  • A candlestick chart is a style of financial chart used to describe price movements of a security, derivative, or currency.

    USDCAD BREAKEVEN

    USDCAD was closed out breakeven, after an epic fall from identified resistance point. 1.  I got off to a bad…

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  • The average forex trader loses money, which is in itself a very discouraging fact. But why? Put simply, human psychology makes trading difficult.

    USDJPY LOSS

    I got stopped out earlier on USDJPY. The trade did not work out. My stop was too close, a by-product…

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  • The latest Tweets from tradingfields (@tradingfields). The content presented is for information and educational purposes only. Not be construed as professional advice.

    USDJPY PROFIT

    I was watching this for quite some time. When price eventually hit resistance on the 30min chart, I got in.…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCAD PROFIT

    This had a very similar setup to EURUSD earlier today. The pair moved sideways for a long time, there were…

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