Journey into the Forex world

17/08/2020

Market for the week
NZDCHF
Bearish
Entry : 0.59193
Stop loss: 0.59596
Take profit : 0.58453

Use Good money management..

05/08/2020

Hi Everyone,
Are you looking for a way to make an extra income apart from you full time job ? Does you job pay low and you need an extra income? Is your dwindling bank account impacting your health? Or you have a Trading account but you don't have the time to trade and you want it to be managed..
Here at MUTA FOREX we got you covered on that, we will manage your account and make it profitable and if you have none, we can set up a trading account for you and manage your Account.
We guarantee you 50% - 80% profit on your capital and the profit will be shared in 40 - 60, we take 40%.
We accept a trading account starting from $70 but if you have another proposal , questions or you want to know more about Forex trade. Kindly reach us on any of this platform.
Whatsapp +2347085004034,
Email - [email protected].
We will be glad to help you out and Remember Forex Trading has its own risk.
Let us take you on a Journey to Financial Freedom, we forward to working with you.

06/07/2020

Good morning
USDCNH W1
Bearish - instant ex*****on
Stop loss - 7.0713
Take profit - 6.9801..

04/07/2020

" AWARENESS IS THE FIRST STEP TO PROGRESS "

Good day to everyone out there and hope everyone is safe and in good health? From the beginning of this year, so many things have happened like the covid-19 pandemic which crippled the economy of most countries and I pray this pandemic period become a thing of the past.
Covid-19 affected a lot of businesses both small and large scale which resulted in some businesses shutting down all around the world and so many people lost their job and That was really bad but the forex market didn't shut down. The forex market kept moving even during the pandemic, which shows if you are a forex trader you will keep trading and making money even if you were put out of business or laid off there is an extra income flowing in. I say to you this is one of the million reasons you need to learn forex trading, please. You can contact me if you want to start..
I know it's being a while since I have posted anything on this page. This time around I would be posting forex signal for those of us who are traders but don't have the time to reading the forex market for good trades and I will also continue from where I stop on how to become a successful forex trade and a lot of interesting things you need to know on forex trading.
Just stay turned to this page and let me take you on the journey to financial freedom..

31/10/2019

Hello to everyone out there, How is the Forex world? I know it's being green or should I say the green are more than the red. It has been while since i posted on this page but today I will be writing on something interesting.

Today's topic will be on some of the mistakes that can hinder a forex trader from becoming a successful,lets get started

1. OVER TRADING : This Is one of the most trading mistakes that forex traders make. Most traders think they can accumulate more profit by trading a lot of market before the day goes by. What's overtrading - to keep it simple , over trading is the act of trading too frequently.
I was also on that road when i started forex trading, I would wake at midnight just to trade. I will stay glue to my computer screen all day and open like 7 to 12 markets at a time, at some point I thought trading all day long will make me a better trader and that will result into more profit but I was wrong. It was a bad news for me because I lost all my capital and most of the trade I executed were trade I shouldn't have, I couldn't give a single reason why I pick the trade.
I later discovered that successful traders exhibit an obscene amount of patience, they wait for the right time, right market with high probability and strike. Let me add this that I moved from hour trade to daily trade which really has a positive effect on my trade and even on myself. If you are overtrading, your trading skills can't improve and you will always lose your capital in the end. Know this, you can't trade every time and the market is going no where. Be patient and the market will find you.

2. TRADE IS A BUSINESS NOT A GAMBLE : Take your trade as a business not a trip to the casino. Most newbies in the forex market make this mistake. I get it, you just a newbie, hoping to profit fast and you look at the market and execute trade without analyzing if the market has a proper set up and you gamble that the market should go this way or that way in your Favour. Know this ,the market knows no one and you can't bend the market to your favour. If your market set up isn't good and you trade , its going to burn your capital.

3. TOO MANY TRADING INDICATORS : Using indicators to identify a good market set up is a not bad thing but using different indicators without understanding there usefulness is a red flag. Use indictors that you are familiar with and understand there interpretation rather than bombarding your computer screen with a lots of trading indictors. Every indicators has it usefulness on the market and interpret differently. Don't just use indictors just because you want to trade or you see another trader using a particular indicator and you decide to try it without learning how it works.

To be successful in forex trading you need to avoid all this mistake and keep practicing. Remember Patience is of the most important key you need to have to be successful in the forex world.
Our Next topic will be on Candles. The type of candles we have on the forex market and there interpretation. Until then stay blessed.

" WHATEVER YOUR TALENT OR GIFT IS, GIVE IT TO THE WORLD AS FREELY AND AS JOYFULLY AS POSSIBLE "

08/06/2019

There is one thing I have come to realize in forex trading which is there is no trading magic, no holy grail of system that can make you rich quick or some kind of trading secrets of a supposed trading guru. If you check the internet today, there are hundreds and thousands of fake Forex trading systems which are labeled 100% to profit with no lose , best of the best Forex system and below this content comes with different testimonies of people with fake pictures, fake names and fake locations which I call ghost testimonies just to fool you in order to extract some money from you.

Let say you bought it and it turns out that it never worked or it does but not for long before you are back to square one searching for another never exist system . It never cease to amaze me that so many people still fall for this trick after the first try and buy this fake trading secret that never existed. I believe one of the reasons why people are still looking for a trading secret or an unreal indictor is that most people want a short cut to success , a quick way to start realizing thousands or millions of dollars on Forex trading which can't happen over night. Most people Don't want to follow the proper channel to success and as long as you keep looking for this holy grail secret you are doom to fail and lose more money and if you can't take it anymore you quit and give up.

Believe me when I say that there is no holy grail or short cut to be successful in Forex trading. One of the most important aspect of trading is the psychological aspect which involves not only in how you think but also how you act under certain circumstances and in a variety of situations. This aspect is where most people fail, let us be honest not every trader can remain calm when your money is being shipped away by the market, money that might have taking you 4 to 6 trades to acquire and it's taking all at once. To be successful, a trader must adapt to changing market situations over which he or she has no control, and you must change the situations over which you do have control.

Finally, in this aspect of Forex trading , most trading educators don't teach you or tell you about it and even if he/she does it's up to you to build yourself to adapt to every situations you find yourself when trading. Remember it takes time and patience and constant practice. Best of luck .
See you soon!!!
IN EVERY SITUATION YOU MIGHT FIND YOURSELF; THERE IS ALWAYS A WAY OUT.

29/05/2019

Forex trade is a business if you treat it to be so or a trip to the casino. Without extensive education on forex , i tell you this you are treating your trade as a gamble but with proper education, trade psychology and a good money management rules you will be successful.

WHAT HAVE LEARNED ON FOREX.
* Simplicity is the key. Complicated technical systems will confuse you and you will surely lose some cash.
* Know what you are looking for in a market. Going into the market without a plan will only sink your account like titanic.
* Fear of not taking a trade even when everything is right about the market affects most traders. You make a lose in a couple trades and the next time you see a good market, you are scared to take the trade. Don't compare who you are with the results you produce.
As a Forex trader you need to understand this 3 system components
1. Trade psychology 2. Money management 3. Trade entry / exit rules

1. TRADE PSYCHOLOGY : The trade psychology of a trader will determine how successful a Forex trader will be. If you don't have a stable mindset you are doomed to fail, most traders who venture into Forex are only seeking to get rich quick or wish to make money in the market without sweat. Then you wonder why your account get drained faster. Am not saying you can't be rich from Forex but you need to also make some effort. Like the saying goes " NO PAIN NO GAIN" this also applies to Forex trading. Most traders jump into the market with little or no sound education on trading but expect to cash in big and compete with the masters. Know this , no proper education on Forex market will send your account to a zone i call Brutality Zone and you will quit if you can't take it anymore because you are treating your market as gamble but if you do have a good education, apply a professional approach to your trade , test you system then you are treating it as a business. The choice is yours.

2. MONEY MANAGEMENT RULES : I say with no good money management rules you aren't going far in Forex because this is where you part away with your $$$ and it also sets the tone on your account. Just like trade psychology is important so as money management . if you adopt a much more business like approach to every trade, your profit big and loss minimal.

3. TRADE SYSTEMS : Like i said earlier simplicity is the key in forex. Have a simple system that suites you, master it, test it and take your time. There so many adverts on trading systems or trading indicators that promises 100% of profit, i tell you this 99%of them are junks, they just want your $$$ trust me have being there. There is no Holy Grail trading system. Stop looking for a Super trading system.

CONCLUSION
You can make your trading career as big as or as small as you wish. Decide on the trading style that suites , you can chose to trade 1hr ,4hr, or you can trade weekly and daily charts and manage you r trading account on weekends.
If you want to trade a full time ? Wonderful make sure you have sufficient knowledge , capital and experience to do this.
Good Luck!!!
" LIVE ACCORDING TO PRINCPLE AND NOT ACCORDING TO PASSION "

24/05/2019

TRADING PSYCHOLOGY
The emotion of fear has been hardwired into us to protect us from
danger since the dawn of mankind. But it is this one emotion which
so frequently cripples the novice trader, causing them to make
costly and often disastrous “heat of the moment” decisions when it
comes to trading forex . Sound familiar?

Face it, most of us have been there. Fear is all around us and not
only does it influence the decisions we make, it also drives the
market. But how you deal with it is what will set you apart from the
rabble and determine your long-term success as a trader.
Having an emotional attachment to the outcome of the
trade
Ever found yourself going boggle-eyed in front of the screen
watching your trade? If it’s in profit then you are one happy bunny.
But, God forbid, the trade is losing money then you are helplessly
frustrated…staring at the screen…hoping . If this sounds familiar
then you’re on an emotional rollercoaster. For every movement the
trade goes in your favour, a feeling of euphoria takes over. But when
your trade goes against you in the “wrong” direction, an
overwhelming feeling of frustration and self-doubt rears its ugly
head. The more you do this, the more mentally exhausted you get.
Fortunately, there is an easy remedy for this; Put that mouse down
and walk away from the screen!
Accept that sometimes you win and sometimes you lose – just like
as in that great pantomime called life. If (and hopefully) you do
trade with positive reward to risk and have risked no more than
1-2% of your account’s value on the trade then there’s every reason
you should be at peace with the world . After all if the trade goes in
your favour then you should console yourself that you are set to
make more than you have risked.
If the trade goes against you then at least you’ve only lost small. If
have risk managed the trade and have rationalised the upside on a
big win versus the downside of smaller loss then you can simply
leave the market to do its thing while you go about your merry day

Nobody likes losing. For many, not only is losing the trade
simply a financial hit but an emotional one too, where the ego
has also taken a fall . But have you ever found yourself staying
out of the market even though you know that the trade set-up
fulfils all of the strategy’s rules for entry? Perhaps you’ve
taken a few losses and you just can’t handle the prospect of
taking one more. Or, on the flipside, you’ve had a fantastic run
and you don’t want it to end so you avoid trading a picture
perfect set-up in case it is a loss…even though you know deep
down that it ticks all of the boxes.
Even if this sounds vaguely like you, ignoring trade set-ups
which conform to the strategy’s rules for entry is self-
sabotage – a hallmark of the amateur trader. You will have
taken yourself out of the strategy’s flow of opportunity. - Anonymous

19/05/2019

HOW TO BECOME A SUCCESSFUL FOREX TRADER.

As a beginner, becoming a successful Forex trader requires a lot because Forex as a business has become a discipline. Discipline because it is a course of study, learning Forex and learning how to trade Forex can be difficult and that is why this article is for you to guide you step by step to success.
Despite the ease of getting into the business, there are a few steps you should follow. A hasty entrance into Forex trading can lead to the poor house very quickly. The education you need in Forex trading is an essential part in becoming successful.
Let's discuss the steps to take.

1. SOUND EDUCATION
Good skills and knowledge on Forex trading is one of the keys that will determine how successful you will be in the Forex world. A sound education on Forex will require you to seek advice from a Forex pro or you have a professional who is teaching you and aside from that try to also get some Forex books, this will be a help for you as you practice. With a sound knowledge you'll be enable to analyze the market, know when to
>Enter a trade
>Manage a trade
>learn from a trade
>when to close a trade
Also be discipline. As a trader with knowledge on Forex you can take advantage of the high leverage and volatility of the Forex market. Anyone can become a Forex trade, Just take it step by step don't rush you will get there.

2. TRADING CAPITAL
Forex trader do not need to have a lot of capital to trade. Today now we have millions of Forex broker firm. The average broker firm requires at least $5 to open a mini account. For beginners this amount is okay to start, this will allow you to trade with a bit of a buffer in case of losses. You're not looking to risk the entire amount but rather improve on your skills and also not lose all you money. " Remember it's not how much you have, it's what you do with it"

3. TRADE ON DEMO ACCOUNT.
Before you start live account. A Forex trading demo account is a trading account with monopoly money in it that is connected to the live market. Trades can be placed in real time and represent what would be true losses and gains if the money were real. A demo account is needed, this will give you the ability to practice trading without the pressure .

4. TRADING STRATEGY
Everyone Forex pro out has a trading strategy or a Trading style. As a trader you will need to develop your own style and trading ideas, you'll create your Trading strategy, this will guide on what you want in a trade and it will guide you not to over leverage on your trade.

5. KEEP RECORD/ KEEP TRACK OF YOUR TRADE.
Before you actually commit to live trading and money on the line, you should be able to profitably trade on your demo account or with paper trading. Your track record should be more than a few weeks, at least 3 months, preferably 6 months.

It will be difficult to refrain from trading after you make those first few profitable trades, but experience really counts in Forex trading. It's something that you cannot work around setups have to get it the old fashioned way, hard work.

6. ARE YOU MOVING WELL WITH YOU TRADE?
After practicing for several months, doing a little training, and getting some Forex education and becoming consistently profitable, it's time to start making live trades. You may find that it's a little different to have actual money on the line, but if you stick to the same practices you used to be profitable while trading the demo account, you will be successful.

CONCLUSION .
The Forex trading industry is growing everyday with the adventures of Forex trading platforms and their ease of accessibility on the Internet. In Addition, the FX start up capital is rather low and you can determine how much exposure and leverage you want on a trade.

By learning and mastering and effective Forex trading strategy, building an effective trading plan around that strategy and following it with ice - cold discipline, you're on the right track to become a successful Forex trading.

"Do the difficult things while they are easy, and do the great things while they are small"
- lao Tzu

17/05/2019

17/05/2019

" REPLACE YOUR EXCUSES WITH REASONS AND EVERYTHING WILL BECOME CLEAR "

WHAT IS FOREX?
“Forex” is simply an abbreviation for “foreign exchange. ” All foreign ex-
change transactions involve two currencies, Forex also goes beyond currency , but also exchange of precious substance like metal, gold, oil etc.
The Forex maker is the largest most liquid market in the world with an average daily trading volume exceeding $4trillion. It's the largest and biggest global business. Forex is practice everywhere from an individual trader, a bank, a government or a big corporation.

WHAT IS FOREX TRADING ?
Forex trading is an ART and SCIENCE. ART because it comes through PRACTICE, and SCIENCE because it has certain rules, regulations and principles to be followed. Knowledge as well as Technology plays a very vital role in every decision you take. Like it was mentioned that Forex goes beyond just currencies as a Forex trader you will trade currency pairs, indices ,oil gold and stock CDF .To start Forex trading, what do I need?
1.You will need a personal computer, laptop or a smartphone thanks to science and technology one can trade anywhere right from your home , in your office ,in the bus, on the train and with a good connection to the internet, you are good to go.
2. You must have good knowledge on Forex trading. If you are novice on Forex trading, you will have a someone training you and if you already have the knowledge, keep practicing to improve better. There is something about Forex trading which is you will keep acquiring more knowledge on how the market behave every time you trade or practice. Forex market is like a school. NEVER ENDING
3. A good Forex broker. who is a Forex broker?Forex brokers are firms that provide traders with access to a platform that allows them to buy and sell foreign currencies. I will still write on this later on.
4 . A million dollars of determination.