When you hold a currency trade for more than a day, you'll notice something called rollover. As I continue to get more and more questions about day trading I plan on explaining a bit more on what day trading is and how I make a living doing it. Nothing like that anywhere else I have found so far. September 9, at am Reply. October 30, at am Reply.




At the start of each trading session, you will receive an email with the author's new posts. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market. It all comes down to understanding how the traders at the banks execute and make trading decisions. First let me bust the first myth about forex traders in institutions.

Most of the time they are simply transacting on behalf of the banks customers. They may perform a few thousand trades a day but none of these are for their peolpe book. They actually only perform trades a week for their own trading account. These trades are the ones they are judged on at the end of the year to see whether they deserve an additional bonus or not.

They are extremely methodical in their approach and make trading decisions when everything lines up, technically and fundamentally. As far as technical analysis goes it is extremely simple. They are often littered with mathematical indicators which not only have significant hour time lags but also often contradict each other. Trading with these chartts and this approach is the quickest way to rip through your trading capital.

In fact they are completely the opposite. All they want to know is where the key critical levels. Fored bank traders are the market. They make split second decisions based on key technical and fundamental changes. Understanding their technical wfekly is the first step to becoming a successful trader. What it all comes down to is simple support and resistance. No clutter, nothing to alter their trading decisions. Simple, effective and highlighting livnig key levels.

The trendlines are simply there to indicate key support and resistance. Entering the market is another amke all together. The key aspect to their trading decisions is derived from the weeklyy fundamentals. When you have the political hcarts countering the central bank announcements currency loving is somewhat disjointed. This is what bank traders wait for.

The fundamental aspect of the market is extremely complex and it can take years to master them. This is a major area makd concentrate on during our two day workshop to ensure traders have a complete understanding of each area. If you understand them deekly are set up for long term success as this is where tradjng direction comes from. There is a lot of money to be made from trading the do people make a living trading forex using weekly charts data releases.

The key to trading the releases is twofold. First, having an excellent understanding of the fundamentals and how the various releases impact the market. Secondly, knowing how to execute the trades with precision and without rtading. After all it is these economic releases which really direct the currencies. These are the same economic releases that usong banks formulate policy around. Now to be truly successful you need an extremely comprehensive capital management system that not only protects you during periods of uncertainty but also pushes you forward to experience capital expansion.

Our stringent capital management system perfectly encompasses your risk to rewards ratios, capital controls as well as our trade plan — entry and exits. Having such a system in place will also alleviate the stresses of trading and allow you to go about your day without spending endless hours monitoring the market.

I can tell you most traders at banks spend most of the day wandering around the dealing room chatting to other traders or going weeklu lunches with brokers. Rarely are they in front of the computer for more than a few hours. You should be taking the same approach. If you understand the technical and fundamental aspects of the market and have a comprehensive professional capital management system then you can. From here it just takes a simple understanding of the key strategies to apply and where to apply them and away you go.

Trust me you will experience more capital growth then you ever have before if you know how the bank traders trade. That way you will be trading with the market not against it. So to conclude let me say this: There are no miraculous secrets to trading forex. There are no special indicators or robots that can mimic the dynamic forex market. You simply need to understand how the major players bankers trade and analyse the market.

If you get these aspects right trzding your well on the way to success. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature. Investing livinb Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss makee principal, are your responsibility. Weeklg All information on this page is subject to change.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of mke and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent understanding the creation of candles in forex trading academy opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent wfekly errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not ueing investment advice.

FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise do people make a living trading forex using weekly charts or indirectly from use of or reliance on such information. Close alert Thanks for following this author! Close alert You've unfollowed this author. You won't receive any more email notifications from this author.

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How to trade Forex with Renko & a Heikin Ashi charts combo successfully in 2016


Long Term Trading Strategy for Forex. Long Term Trading,” I am talking about using the Weekly charts STARTED TRADING FOR A LIVING I THOUGHT DAY. How professional day traders really make One of the reasons I love to make a living day trading Join over 50, people who receive exclusive weekly. Making money in forex is easy if you know how the bankers to rip through your trading capital. Bank trader’s charts look Making money in forex is easy if.