Open trading account 
It's a common human behavior or an innate human attitude to be nostalgic about winning and hanging on to it for quite a long time. It is almost similar to having bottle of Vodka and enjoying its kick inside our nervous system for a long time all throughout the entire life. But unfortunately all of us have to bid farewell to this world one day when such nostalgic successes and failures will remain behind us. So why should we be nostalgic about winning?
Till last month I had concentrated myself on trading the very common major forex pairs like EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD and USD/JPY. I had followed what the majority of the forex well experienced and pro-traders used to inform us. Except for USD/CAD, AUD/USD and sometimes USD/JPY; I found none giving me a real success. None of the pro-traders have the guts to teach us to find out the best forex pairs where a newbies or amateur traders can really find out lots of success consistently. Most probably, this is because they don't want the amateurs to overcome their own success stories about which they are extremely nostalgic and boastful. Yesterday only, I received a technical forex analysis for AUD/USD pair saying that the pair has permanently gained a bullish momentum and there is a 100% probability to place a buy trade on it. But it wasn't mentioned that whether or not it has crossed the 200 EMA above for a few weeks/months or it is still trading below it on a Monthly, Weekly or a Daily Chart. Also, in order to fine tune this analysis, it was also not metioned in the analysis that whether or not the price action has closed below piercing 38.2% Fib or above it. Had any amateur traded on this analysis, they would have surely lost this trade. HOWEVER, I ENTERED THIS TRADE SHORT AND I HAVE +20 PIPS IN MY BAG!
There is no clear cut direction of a highly traded pair EUR/USD on a Weekly chart. If you zoom out the chart, you will find it to be somewhat sideways market. It has also a bearish outlook for few years. The 200 EMA is found swinging up and down between the price action. However, on a Monthly Chart, the market is bearish. For short term traders, it is a good pair either to go short or long catching tops and bottoms. For traders like me, it is not the best pair to be traded having no permanent bullish or bearish bias.
I suggest not to trade EUR/USD and GBP/USD together with USD/CHF. It won't give you any green pips and all your efforts will go in vain.
The Yen pairs can make you either a hero or a zero within few hours of entering the trade.
I have done lots of findings and research work. I have settled down trading successfully the best crosses having a clear cut bullish or bearish bias. I urge all newbies and amateurs to find out best cross pairs for themselves and settle down to trade on those pairs on the basis of the technical guidelines mentioned in this blog. I won't give them the total bowl of cooked fish but I urge them how to catch lots of fishes and make tasty recipes for themselves!!
Till last month I had concentrated myself on trading the very common major forex pairs like EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD and USD/JPY. I had followed what the majority of the forex well experienced and pro-traders used to inform us. Except for USD/CAD, AUD/USD and sometimes USD/JPY; I found none giving me a real success. None of the pro-traders have the guts to teach us to find out the best forex pairs where a newbies or amateur traders can really find out lots of success consistently. Most probably, this is because they don't want the amateurs to overcome their own success stories about which they are extremely nostalgic and boastful. Yesterday only, I received a technical forex analysis for AUD/USD pair saying that the pair has permanently gained a bullish momentum and there is a 100% probability to place a buy trade on it. But it wasn't mentioned that whether or not it has crossed the 200 EMA above for a few weeks/months or it is still trading below it on a Monthly, Weekly or a Daily Chart. Also, in order to fine tune this analysis, it was also not metioned in the analysis that whether or not the price action has closed below piercing 38.2% Fib or above it. Had any amateur traded on this analysis, they would have surely lost this trade. HOWEVER, I ENTERED THIS TRADE SHORT AND I HAVE +20 PIPS IN MY BAG!
There is no clear cut direction of a highly traded pair EUR/USD on a Weekly chart. If you zoom out the chart, you will find it to be somewhat sideways market. It has also a bearish outlook for few years. The 200 EMA is found swinging up and down between the price action. However, on a Monthly Chart, the market is bearish. For short term traders, it is a good pair either to go short or long catching tops and bottoms. For traders like me, it is not the best pair to be traded having no permanent bullish or bearish bias.
I suggest not to trade EUR/USD and GBP/USD together with USD/CHF. It won't give you any green pips and all your efforts will go in vain.
The Yen pairs can make you either a hero or a zero within few hours of entering the trade.
I have done lots of findings and research work. I have settled down trading successfully the best crosses having a clear cut bullish or bearish bias. I urge all newbies and amateurs to find out best cross pairs for themselves and settle down to trade on those pairs on the basis of the technical guidelines mentioned in this blog. I won't give them the total bowl of cooked fish but I urge them how to catch lots of fishes and make tasty recipes for themselves!!
