Tag Archives: forex system

lion
lion

Online Forex Trading: Are You A Lion or a Cub?

Online Forex Trading
This is something very crucial in real life and in forex trading.Before we start: Characteristics of a Lion (King of the Jungle)
- Calm
- Powerful
- Confident
- Killing Instinct
Have you watch documentaries before on how do lions hunt?
Although lions themselves are a powerful predator, they still do not go out right up front to the prey and start chasing them from afar.
What they do is that they will fix their target on the weakest prey and move slowly and calmly towards the prey without gaining any attention.
Only when they are close enough and confident of getting their prey, will they Strike.

Online Forex Trading: Are You A Lion or a Cub?

The nature of a lion and how he hunts his prey largely applies to forex trading.
Are you the type of trader who calmly wait for a setup (prey) to occur.
And if there is no setup (prey), they will retire back to rest and come back to hunt the next day.
OR – are you the trader who strikes everytime you see food. But to get themselves a back lash most of the time?
If you are the 2nd trader, you are like a baby cub.
When the cubs are young, their parents will teach them how to hunt.
And not to go out striking blindly.

Online Forex Trading: Are You A Lion or a Cub?

Being calm is the characteristic of a lion.
But when he strikes, he is confident of a Kill.
That’s what a trader should do as well.
We will lie in wait for a setup occurance, and when it occurs.
We will strike it without hesitation.
But if there is no setup, we will retire to rest and do our things.
I hope you find the above analogy interesting, and it’s time to ask yourself.
Are you a Lion or a Cub in forex trading?
Check out our online forex trading AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Beginner Article: Picking the Right Entry

gun
gun

Forex Trading Psychology: Your Gun To Wealth or To Death

Forex trading is like a weapon – a gun.
Anyone can hold this gun. But like all weapons, you need to be trained first before using it to fire.If you are well trained, this gun can take you to Greater Wealth.But if an untrained personnel starts firing the gun, it would lead to his death ( Financial Death )
Do you see what i’m driving here?The fact is that everyone can open an account with a broker and starts trading at any point in time. But that does not mean that they are able to use this weapon right?
Like all military personnel, they must undergo lots of weapon training first before giving them live ammunition to fire.The same goes in forex trading.We must undergo forex training first before inputting real money into our live account.

Forex Trading Psychology: Your Gun To Wealth or To Death

The next question comes:When do we pull the trigger of the gun to fire a shot?And before pulling the trigger, are we sure it’s the enemy we are shooting and not our fellow people?
The same applies in forex trading:
Before we pull the trigger, we have to make sure that it is the Right ENEMY. Shooting the wrong enemy will cause us a loss in that trade.
Random shooting will also cause us a loss = Entering trades on impulse.We will only open fire when we have confirmed it is the right enemy and the chances of losing to that enemy is low.That is done through proper training by entering with price action confirmation with confluence in place and a proper money management + risk management system.

Forex Trading Psychology: Your Gun To Wealth or To Death

So the next time before you fire a shot, make sure that you have confirmed it is the RIGHT ENEMY.
Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Beginner Article: Are we just plain scared to trade the lower time frames

forextrend
forextrend

Forex Trading Strategies: Which trend should I look? The long term or short term?

Forex Trading Strategies
I believe that this is one of the most important and mind buggling question that most traders face.
Forex trading strategies Example: Forex Pair Eur Chf

In the forex pair above, the overall trend is in a downtrend (marked by the red line)But in the current movement it is in a short term uptrend (marked by the yellow circle)So to say if you are in the current situation – which happens all the time.
Forex Trading Strategies -> How would you trade?
Forex Trading Strategies -> Would you trade up or down?
Forex Trading Strategies -> Would you trade with the main down trend or the short term up trend?

Forex Trading Strategies: Which trend should I look? The long term or short term?

Generally speaking, of course the bigger trend holds more weight right?So should you still trade down?.. Not really..Although it is the bigger trend that holds more weight, it is the short term current trend that depicts it’s movement.The main question lies in what kind of trader are you.
- If you are the type who wants to trail for the long run. Then you should wait for the trend to turn back down and then trade down.
- If you are like me, who takes profits off the table with a reasonable risk reward ratio. Then we will trade the current short term trend.

Forex Trading Strategies: Which trend should I look? The long term or short term?

You see, although the long term is down. But you should NEVER trade against the current short term trend.
Because this short term may turn to a bigger trend. And this short term trend may be the indication of a trend reversal.So, if you have a good profit taking strategy. The answer will be to trade the short term trend and not the long term trend.But of course, the best scenario is that we have the long term and the short term trend in the same direction.It happens, but it does not happen all the time. So in scenarios like the above chart example. I hope you have gotten your answer!
I hope you have gain something from this quick forex trading strategies trade example, Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System & Strategies that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Intermediate Article: Why you need to look at the big picture

gbpusdup1
gbpusdup1

Forex Strategies: Picking the Right Entry

In the chart above – Forex trading pair: Gbp UsdWe can see that on the left hand side of the chart, the pair is making a down trend.However when it hit the bottom and started making “Higher Highs and Higher Lows” (marked by the pink circles).It is an indication that the trend has possibly changed into a uptrend.And you can see that price is making a channel upwards (marked by the red lines)
Therefore in this scenario. Most newbies will still presume that the trend is down, but however with our knowledge gathered above.We know that the trend is changing and is possibly making it’s way up.Therefore we will now take trades that are going UP and not trades that are going DOWN.As taking trades that are going down would mean that we are trading against the trend.

Forex Strategies: Picking the Right Entry

So at the final circle that i marked on the right hand side.It indicates a possibly good entry for us to enter long.
Forex Strategies Reason 1 – It is in an uptrend
Forex Strategies Reason 2 – It is at the bottom of the channel
Forex Strategies Reason 3 – There is a price action – bullish outside bar which indicates a bullish movement up.
Therefore, it will make sense to us to take this trade and it has a winning probability of higher than 50% with the reasons backing the trade.
Lets look at what happened next.

Forex Strategies: Picking the Right Entry

gbpusdup2
Price indeed made its way up to the top of the channel and beyond.In fact it went all the way up to the 150 moving average.So what you can learn from this simple trade example is:
- How to determine a trend change
- Drawing channels
- Entering at the low of the channel with price action entry
- Taking your final profits at the top of the channel.
So in this scenario even though that it went beyond the top of the channel and to the 150 moving.We will still only take profits at the top of the channel as we do not know that if once price eventually hit the top of the channel – Will it turn back down? or head further up?So that is a question mark and when we trade we do not want to take the risk of earning more profits BUT to eventually lose it all.
I hope you have gain something from this quick forex strategies trade example, Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Beginner Article: What is Price Action?

forexrobot
forexrobot

Forex Robot – Do they work?

There are many questions about forex robot and whether do they work?What are forex robot?Forex robot in fact is the automated way people choose to trade forex with.But the question is whether do they work?If you go research around for real forex robot reviews. You will find that most doesn’t work. Or at least over 90% of them do not work.
WHY?
Think about it, if forex robot do work. Why do banks and major institutions still need chief forex traders and forex traders?They have all the money to develop the best forex robot, why do they still need human to trade for them?

Forex Robot – Do they work?

Then the next question would be, But those forex robot have a perfect 10 year track record.So they should work right…Wrong.
Here’s the fact – track records can be manipulated. And past performance are always not an indicator for future performance.
Forex robot are develop by – DEVELOPERS.
Usually NOT Real forex traders themselves.If the forex robot would make them so much money and have such a perfect track record.How much do you think it is worth? At least for Millions of dollars?But how much are those forex robot selling in the market. Less than a hundred bucks. Feasible?

Forex Robot – Do they work?

The hype in the forex market for automated forex trading WILL be always there.Because people are always looking for ways to earn money on autopilot with just a click of the button.Therefore there will always be new forex robot coming out every other day.If you want to make forex trading your career, take some time and diligence to learn to trade forex.Your future should not be relied on some automated forex robot, it will not work forever. But once you have mastered forex trading as a skill, it will be with you for life.And you can pass this skill on to your future generations.Disclaimer: I’m not saying that ALL forex robot does not work, the above is just my opinion and i will not be held liable or responsible for it.
Check out our AFM winning Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Beginner Article: 950% Growth in 2 weeks example – Why Trade Forex (Part 1)

priceactioneurgbp
priceactioneurgbp

Price Action Forex – Why Forex Trading is Easy with Price Action?

There are many answers to why price action is king in forex trading. And why price action in fact is the easiest to trade with in forex trading.Let me give you an easy explanation with the chart above.
In the pair above: Eur Gbp
It shows the pair in an uptrend.And if we look into the pair, we can easily spot 5 price action entries for us to ride the trend and to profit on.

Price Action Forex – Why Forex Trading is Easy with Price Action?

Price action (blue box no. 1)
It is a pin bar as well as an bullish outside bar (in combination with the bar on the left hand side)
It is a good indicator for us to take it long with a buy order.
Price action (blue box no. 2)
It is another pin bar for us to enter a buy order had we missed the first pin bar.
This is also a confirmation pin bar to tell us that the trend is indeed going up.
So off it went…
Price action (blue box no. 3)
It forms a bullish outside bar. Look at the long green bullish bar wrapping the previous smaller bar.
Another good price action bar to tell us to take it long.
And so it went further…
Price action (blue box no. 4)
Price move sideways and to form another bullish outside bar.
This bullish outside bar indicates that price is possibly going to breakup from it’s sideways trend.
And so it did.
Price action (blue box no. 5)
Price went sideways again to form another price action pin bar.Another indicator to state that it is going to breakup from it’s sideways trend to move further up.

Price Action Forex – Why Forex Trading is Easy with Price Action?

So you see, in just a pair. We can spot so many price action bars for us to take an entry long.The trick towards trading price action is simple.We usually take price action bars that is together with the trend.So in this scenario, the pair is in an uptrend. Therefore we only take price action bars that is going up. If you look into the chart, you will see price action bars that points down.Those are reversal bars. And we usually skip them. (unless you have enough experience, stay away from reversal price action bars)And you will be glad you stayed away from them as you see, most of the reversal bars did not work out.

Price Action Forex – Why Forex Trading is Easy with Price Action?

So you see, forex trading is not difficult with price action.The power of price action, in combination with a proper forex trading system, trading psychology & money management = Consistent Profits
Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Intermediate Article: Price action bars – inside bars

probability
probability

Forex Coach Ezekiel Chew ask: What’s your winning probability?

Forex Coach Ezekiel Chew ask: What’s your Winning Probability?
Do you have the answer to this question?
If you don’t, then probably you should NOT even trade.It is a very simple question that you should ask yourself before you take every trade.
“What is my winning probability for this trade? “
If it is anything lesser than 60%, skip the trade.You see it makes no sense at all for you to take a trade that has lesser than a 60% chance of winning.If it’s lesser than a 50% chance of winning, why even trade? You are bound to lose on that trade right?If it is a 50% chance of winning. You are betting on your luck.That’s gambling, that is NOT trading.If it is a 60% or higher chance of winning. And if you only take trades that have a 60% or higher chance of winning.Where do you think your account size will go? UP of course.

Forex Coach Ezekiel Chew ask: What’s your winning probability?

Having a 60% and higher winning probability for that trade means you have an edge over the market.You SHOULD consistently take trades that are over 60% chance of winning.But if on occasions where you take a trade that is a 50% chance of winning. You will spoil your entire game and your entire trading plan.That is because you are adding a random variable to your trades.And these random variables will disrupt your account growth.
For example:
Trader A) Out of 20 trades, he take trades that are only 60% or higher winning probability.
Trader B) Out of 20 trades, he takes 10 trades that are of 60% or higher winning probability and 10 trades of lesser than 60% winning probability.
Trader C) Out of 20 trades, he doesn’t care about the winning probability. He just take trades when he likes it or just based on his gut feel.

Forex Coach Ezekiel Chew ask: What’s your winning probability?

Which trader do you think has a better chance of growing his forex account?
Trader A of course!
Which trader trades most like you?
If you are at trader B or trader C stage, you should stop your trading now.
And reflect on this.
This vital question is something that you must ask yourself the next time you trade.
“What is my winning probability for this trade?”
Check out our AFM winning Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Forex Coach: Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Advanced Article: Trend line

no3
no3

Forex Trading System – No. 3 The KILLER

Forex Trading System – NO. 3
This single forex trading strategy once understood will be your added arsenal in your forex trading system.
NO 3.
What is it?
In the chart above: Forex Trading Pair (EUR CHF) Weekly Time FrameYou see price touches the pivot zone @ 1.2405 (orange line).That is an all time low pivot zone. When price came down and touches the pivot zone the first time (marked by blue box 1.) It gets rejected and bounced back up. (Forex trading system)It tried to test the pivot zone once again on the 2nd time (marked by blue box 2.) and got rejected immediately.And so it retraces back up for a little while to come down back again to test the pivot zone for the 3rd time.

Forex Trading System – No. 3 The KILLER

Now, most people may think that since price had tested the area for 2 times before and got rejected by it. The pivot zone has to be a strong level of support and high chance that the 3rd time of it touching will get rejected too.That’s when most got stopped out and made a lost; had they entered a buy order expecting a bounce up.

Forex Trading System – No. 3 The KILLER

Price moves in patterns and respect these patterns most of the time.
And the No. 3 is one of it’s pattern.
No. 3 means that = the 3rd time will usually make a break through of an important support/resistance zone.You can run a back-test to see what i’m talking about.Most of the time, price breaks through an important support/resistance zone at it’s 3rd try.Be it a pivot zone or even a trend line.If you understand this simple fact, you could end up with more positive trades and lesser negative trades.For example in this scenario:We could play a breakout trade with a pending sell order slightly below the pivot zone.This is to catch the possible breakout of a consolidation trend into a downwards trend.And this knowledge will prevent you from placing a buy order in hope of the trade bouncing back up at it’s 3rd try.

Forex Trading System – No. 3 The KILLER

As simple as it may seem, it is true.
Forex trading need not be difficult. It is all about understand how the market moves and how to play along with it.
Learning price action is a major key in forex and in combination of a good proper forex trading system. It is a matter of time before you find success accompanied with discipline and perseverance.
Check out our AFM winning Price ActionForex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Advanced Article: Forex trading psychology

education
education

Forex Trading Course – WHY you should NEVER Trade Live without learning a Proper Forex Course

Forex Trading Course
Forex trading is essentially like every other business.When we are young, we studied for years before we came out to work.
A lawyer needs years of studying and practice before being a full fletch lawyer.
A Doctor needs years of studying and on job training before being a full fletch doctor.
So does a dentist, a accountant, a hair stylist, a chef etc.
You get the idea.
All careers requires practice and education before one is truly successful in their line.What makes you think that forex trading doesn’t need it?In fact when forex trading is mastered, the income from it will reap far more returns than most jobs on earth.Do you think you will need more training on such a job / investment?
HELL YEAH!

Forex Trading Course – WHY you should NEVER Trade Live without learning a Proper Forex Course

But surprisingly most people jump right into Forex Live Trading, trading their real live capital even without proper forex education and understanding.Most will grab some basics from some free online forex trading websites and they believe that they are good to go and conquer forex.
That’s what Forex conquered them.These are the people whom the forex brokers love the most. They are the money trees for the forex brokers. They will just come and bust an account, come back with more money to bust their accounts again and again until to eventually give up forex trading.There are lots of people like that popping out every day. Which is why the forex trading industry is such a booming business.
As mention, even the simplest job on earth done without proper training wouldn’t get you anywhere.What more forex trading – something that reaps you good returns.The first thing you should get yourself equip is to learn a proper forex trading system through a proper forex trading course / forex trading school.After learning the proper trading system from the
forex trading course you selected.
DON’T GO LIVE YET.
Demo it first. Trade the system using Virtual Money.
Only until you are profitable in your virtual account then will you trade your live account.
This is something that most forex coach at the forex trading course neglected to tell the students.

Forex Trading Course – WHY you should NEVER Trade Live without learning a Proper Forex Course

Greed is something that kills people everyday. And greed kills majority of the people who trades forex.As mentioned, without proper forex education and enough practice. How can one expect to succeed in forex trading or to become the next forex millionaire?These are the pure fundamentals and core basis of financial freedom.
Few will achieve financial freedom through pure luck, those who achieve financial freedom are those who have the drive and perseverance to go for it. Those who understands that it is through pure diligence of learning and implementing; will one become successful.
Back to the example:
A Doctor takes at least 10 years to become a full fletch doctor.
So does a lawyer or any professionals.
How long do you think is needed in forex trading? 1 Day? No way.. But that is still the mentality of most people out there.
Until they change their mentality. Their financial freedom will never come.
I hope i have touch the most core and basic fundamental of anyone looking to venture into the forex trading business.
At Asia Forex Mentor, You will Learn Price Action which is King in forex. And i will teach you the Exact FULL Forex Trading System that i personally use to be consistently profitable. Besides that, you will also need a Forex Mentor / Coach who will be able to guide you through your difficulties and doubts encountered. That is all given in our AFM winning Price Action Forex Trading Course
See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com
Next Beginner Article: Forex Trading Hours

sild
sild

Forex Trading Strategies – Forex Trading Pair: Silver ( Xag Usd )

Most traders may not realise but the reason why they are probably failing is because they are not looking at the BIG picture.What i meant is that, when traders look at the charts. And if they spot a good entry based on their forex trading strategies; they would then jump in straight away.And if they made a lost on that trade, they would then lose confidence in their system or on forex trading totally. The reason why they failed on that trade is probably because they did not look at the BIG picture.

Here’s what i mean.

Forex Trading Strategies – Why you need to look at the big picture

Forex Trading Strategies – Look at the forex chart above.

This is something that i discussed with my one on one coaching client last night and i thought its worth sharing here.

In the highlighted blue box, its a pin bar pointing down.

The pin bar is in line with the main trend which is down as you can see on the left hand side (trend slopping down)

So we know we are on the right side of the trend. And its a good looking pin.

Had we jump right in the trade to sell, we may have gotten stopped out if we had not taken profit as you can see the pair went up afterwhich.

WHY?

Forex Trading Strategies – Why you need to look at the big picture

If you had look at the big picture, and if you look at the daily chart on the right.You will see that price is heading into the 150 moving average. Which is a very strong resistance/support especially on the daily time frame.

So when we see the daily 150 moving average (marked by the orange line), i have drawn the red dotted line in the 1hr chart which indicates the exact position of the moving average.So now we can see the bigger picture. Price is heading towards the strong resistance/support. And there is not much room for price to head further down at the moment.

Therefore by looking at this, we would then skip this trade as it will not make any sense to us to trade moreover the risk reward ratio for this trade would be bad.

Forex Trading Strategies – Why you need to look at the big picture

Forex Trading Strategies – Forex Pair: Silver

So from this quick example, you can see that had we not looked at the big picture. We would have missed out on a important detail.So traders, next time before you enter a trade.

REMEMBER to look at the Big picture.
Check out our AFM winning Price Action Forex Course where i teach you the exact FULL Forex Trading System that i personally use to be consistently profitable.

See you on the other side my friend,
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
www.asiaforexmentor.com

Next Intermediate Article: How to trade the news