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Marc Walton's forex blog

 

Forex Mentorpro's award winning forex blog: Marc Walton Full time trader, fund manager and founder of Forex Mentor Pro, Marc trades Forex for clients from his home in the sunny Canary Islands. Marc is famed for being “spookily accurate” with his analysis. Often picking out entries from 100’s of pips away, “to the pip.” Unlike most “guru’s” he and the other mentors here tell you in advance what they are looking to trade and why. That way you can learn to become a successful trader in your own right.


 

RED FLAG NEWS FOR THE WEEK AHEAD!!!

Red Flag - Earth and Sky Trading Zone for the week: Remember, if price don’t give us the pull back but instead make new lows/highs follow price with your fib to get the "adjusted" Earth and Sky Trading Zones for the week. Price is under the 200 EMA 34 EMA (sky) is...

How to treat trading as a business

If making money from trading is your goal, you need to treat it like a business: you need to be business-like in your philosophy and work habits. Professional traders who work for banks and hedge funds have all the business processes in place for them. Their trades...

Commonly Used Support and Resistance Areas

Below I have outlined the most Commonly Used Support and Resistance Areas that forex traders use for technical analysis. In technical analysis, the forex trader attempts to understand the market by how price moves, as well as using some indicators. Support and resistance make up the most core and meaningful portion of technical analysis, and below the four most commonly used areas.

Four Vital Terms for New Forex Traders

When you are new to forex trading, it can seem like a completely different language. The terms used are probably not familiar if you have not been in that realm before. Below, are Four Vital Terms for New Forex Traders to know. It not only serves to understand the forex market itself, but will help you understand training and teaching you might be receiving as well.

New Trader Basics: Forex Order Types

When starting your journey in trading, knowing what each order type means and how it affects you is one of the most vital knowledge you will have to have. Below I discuss the most commonly used and important forex order types used in trading. By making sure you are placing the RIGHT order based on what you want to achieve in the trade, will prevent many of the mistake-based losses that come from incorrect order placement

Risk Disclosure Statement: Trading currencies on margin involves a high level of risk which may not be suitable for all investors. Leverage can work against you just as easily as it can work for you. Before deciding to trade currencies you should carefully consider your trading and financial objectives, level of experience, and appetite for risk. The possibility exists that you could sustain a loss of some, or possibly all of your trading capital. Therefore, you should not fund a trading account with money that you cannot afford to lose. It is recommended that you seek advice from an accredited financial advisor if you have any doubts as to whether currency trading is right for you. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Any losses incurred by traders unsuccessful in applying these ideas or methods are the sole responsibility of the trader and ForexMentorPro.com and its principals, contractors and assigns will be held safe from prosecution in any form.

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