ForexTrading – EverythingTrading

Liquidity Pool

I’m grateful to be able to drop these nuggets for you guys.
Today we’ll be talking about 1 of the factors that hamper with the growth of a trading account.

So this is a typical trading scenario, right.
let’s just imagine that you don’t have anything that generates you income.
Let’s just say the money you used to fund your account comes from either your parents, friends or your savings.
You don’t have anything that generates you income pm consistently; other than forex trading.(basically forex trading is what you’re making making with).

What would normally happen is that
You place a trade, you make profits, you withdraw the profits, transfer them in your savings account and you leave the initial balance in the trading account and you continue to do that for the whole month right.
That’s good.
But now on the following month; when you experience a losing streak and you blow your accounts; because you don’t have anything generating income for you – you go back to that savings account that you put your profits in and you take some of that money to fund your account.When you blow you do that again; and again and again. After some time you then realize that the money in your account has decreased and the worst case scenario is that it if you’re having 2 months of losing streak you’re going to wipe out your money.
If you continue to fund your account with the little money that you get here and there; this will continue to happen to you because trading is a high risk or rather an aggressive type of investment you can make as a person.

What you have to do to prevent this is this:
Have a segregated bank account or rather separate bank account from your main one.
Use that account to store your trading profits.
You must not touch that account.
Everytime when you trade and make profits; you have to transfere those profits into that account.
When it happens that you blow your trading account, you don’t go back to that account.
If you don’t have any other thing that generates income for you apart from forex trading; my suggestion is that you have to start working towards making money.Find something else that makes you money consistently so that you can continue funding your account whenever you see an opportunity in the market and when you blow your account; you don’t go back to that account that holds your savings.You rather wait for month end and fund your account with that income that you make every month.

This way you are able to track your progress and experience your account growth without even touching those profits you made and using them to re-fund your trading account.
So I want you to take this note right here; Trading profits are not only for reinvestment but both reinvestment and trading/capital growth.

I know a lot of people are familiar with the concept of re-investing your money; but remember, Forex trading is a different ball game – you won’t win if you keep on re-investing your profits into your trading account because what generally happens is that as you re-invest into your trading account and it happens that you have a losing streak; you’re going to fund your account again and keep on giving that money away.
So.Basically what you’re doing is taking 1step forward and two steps back. Life is always a measure of something so you have to calculate your way out of something and into something.

My recommendations:
To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.

This broker also has flexible leverage depending on your trading trajectory.

To open an account: https://portal.rcgmarkets.com/register?ibid=852167

Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.

https://ability.capital?ref=motlotlgimoerane

That’s it from me in this blog
You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Respect your risk

Goodday traders I hope everyone is well and has a pessimistic attitude towards their trading week.

Now I’d like for us to just zoom into this topic of risk management and why this is important.
Applying the right amount of risk towards your account size helps you stay in the game for a long time.This is one of the reasons why some traders are consistent and the reason why some others are not,taking into account that they are ignoring the fact that how you apply your risk actually is very important.

Infact,one should be very troubled about themselves when starting to max out their volumes because trading recklessly will leave you wracked.
That also starts to show you signs that you need to train yourself mentally and emotionally to get over this habit of maxing out your volumes because this will start creating a habit of you demanding things fast and/or expecting things to happen immediately.This then causes you to adopt bad behaviour.

If you read my descriptions in my YouTube channel you’ll see that I like keeping things short but precise.

YouTube Channel link:https://youtube.com/channel/UCNBOd4y5dqCwZ8foz1UBJeA

Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.

Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.

https://ability.capital?ref=motlotlgimoerane

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Complimentary goods in Forex

Be a sensitive trader.
Being a sensitive trader doesn’t mean that you’re emotional.In Trading terms,when we say that you must be a sensitive trader it only means that you have to take into account the little things that you might take for granted.
This compliments what mentors always stress about or should be stressing about…”price behaviour”.
From technicals,fundamentals down to price behaviour-all these are important for they all compliment each other,just like when you mix your milk with your favorite coffee or your favorite food with your favorite sauce.
All these are complimentary goods because they will do good with you having them by your side.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

You’ve been served

Its actually hard to tell if that week you’re going to be served with 2 or 3 opportunities in the market.
You only get to realize at the end of that week that you managed to get 2 or 3 ops by looking back and backtesting your trading week,checking how many ops the market presented you with,how many did you manage to capitalize on and/or which ones took you into losses in terms of market structures/setups being invalid?

Some take losses they make throughout the Quarter straight to the heart without even backtesting to improve on their trading skill and IQ.
Making losses is a problem and let me tell you something about people who solve problems…they get rewarded for coming up with solutions so if you’re going to sulk the whole year by having a bad Quarter,you might as well leave what put you I to that position because you aren’t making means to identify the problem and come up with solutions.

In trading,the solutions that I’m talking about is you finding the right directional bias for the right market structure.If price goes to your direction,well done.You just found your solution and therefore,you will be rewarded for it.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Market Snippet

There are certain days in a week that one generates income by Scalping,there are certain weeks where one generates income by swing trading and sometimes during that week you often catch opportunities 2 or 3 times in a week by day trading.It’s different.
Your job is to adapt to the changes of the market place._Mo’Moerane.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Life Habits and Health(My edition)

Hi guys I just wanted to share a little bit of my trading background with you guys.
It’s a story that takes us way back when I started learning about this industry.

I had a friend of whom we used the same transport together to go to school.
At that time I didn’t know anything about the trading industry I wasn’t even into instagram in those days.
Oneday after-school all the gents were hanging out.. you know transport mates and this one in particular comes and tells us about this guy by the name Ginimbi ,RIP to him man. So he was like …do ya’ll know this Guy called Ginimbi?(Rhetorical)
Ehh this guy makes money from these electric graphs that are green and red coded and I’m like yo this guy is talking about some next level softwares and all then he explained to us that guys…This thing is called forex trading and I’m like fore-what…and he said forex trading and this guy basically deals with foreign Currencies.

Well Ginimbi did say that Forex Trading isn’t his line of business but I kid you not I was already sold into the idea that this guy was telling us because number1,I only focused on the word Currencies and I mean I know that’s money right there and It gave me that urge to learn more about Currencies and the countries that use that currency.I started learning about their economies and how money flows in the economy thinking to myself that this is going to give me a great edge to this Forex thing.
I than started seeing traders on YouTube,Instagram and other social media platforms.I started following them and tried to get information on this industry and I kid you not I spent more than 3years just basically learning about Currencies,the economy,financial Literacy at a beginner level and I traded forex on a demo account.
I won’t lie this thing was hard man I thought that everything was just electric wires seeing red and green all over my screen.
I then started learning how to trade practically on a live account bcoz I was always on and off on a demo so I wanted something that could grab my focus and keep me woke.
I then started trading on a live account and yes…you know how that goes when you’re starting out on a live account.Real emotions start kicking in.
My first feeling of seeing the blue color on my platform when looking at p/l numbers was really out of this world.
I was Happy for atleast 7seconds then my eyes went blank.The numbers started changing colour and my heart dropped to the floor.I blew my first account.

This is when the journey started.
Constant blowing of accounts and generating little amounts of profits as opposed to losses kicked in different kinds of emotions.Social media started doing its thing,my self-esteem and productivity got impacted…negatively.

This Is when trading took me to my first lesson,”Do self introspection”.
I started identifying that my esteem is dropping and emotionally I had a lot that I was dealing with so me blowing my accounts also added to the equation, but out of the lessons I’ve learnt, the most common lesson in a trader’s life is to be patient and to take what the market gives you(partial profits) . I Started Identifying some aspects of myself I didn’t know about myself …for (e.g)My character.I used to be a guy that only sees something from my own perspective and I only went with that without even looking at what others are doing or trying to adapt.That right there led me to understand the concepts behind character.

I started writing down the person I want to be and how I want to live in the future and I started doing that from that day…till this day I’m still doing that and this brings me closer to my goals and It’s easier for me now to achieve most things I set for myself because I started focusing on myself as much as I do on my passions and that’s really important guys.

This is a summary of what my trading journey has been like.There’s more to this{trading} than it meets the eye.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Exclaimer

There’s not one single path when it comes to trading.
There are many different methodologies in the market that you can use.You just have to go with what works for you and stick with that.
Although,there are traders who over-value their methods of trading over any other of which will result in degrading the esteem and work of other traders in the same industry.Don’t be that guy/girl.

Do not fall for these egotistical remarks of traders saying ,”But my strategy is better than yours”.Instead,stick with what helps you grow and what generates you income.
After all the goal and objective here is to generate consistent cashflow so that you can live the life you want.Everybody has goals and we have different approaches to life and how we achieve our goals in life.
Let’s all help each other grow and not bring each other down because by the way if you didn’t know…trading is all about growth so let’s reflect that on one another.
Happy trading week.
Be profitable in every area of your life.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

The Sky is not even the limit

Opportunities in the Forex Market are endless.Now don’t confuse not being able to identify and successfully trade everyday with the term ,”Endles opportunities”

The reason why we say that there are endless opportunities is because every week of the month you get an opportunity/more to trade in the market.Even price patterns/behaviours come and repeat the same patterns over and over again in months and years.

This gives you ample time to really be that determined to learn and improve your trading skill and IQ.Do not be pressured by anything happening in your life and in the World. The Market is teaching you to be patient so you might as well work on your inner self.

The concluding factor is that practice doesn’t make perfect but it makes improvement, no matter how cliché it sounds.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

IndustryFeelings

This marketplace was built to inflict fear in you…I’m not even kidding
From the moment you open your platform you start seeing red and green colors and you do know that red is for danger.There’s this funny but scary sound that is often displayed when you’re busy on your platform from time to time.This sound triggers that fear that something wrong is happening with your trades.This alone tries to swindle you into an undecisive position that makes you do hasty decisions.

This industry is literally a roller coaster ride and you can see this by the price going up and down.Feelings of high hopes and disappointment but inside all of these layers you learn valuable lessons that make you a profitable trader.

Think of the market as your teacher and you as the learner because you always learn from your losses as a trader.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

How to choose and trade pairs in the FOREX Market

When you choose a certain currency pair,there are a few factors that you have to look at.
I do this in question form so that I can see if the pair I chose is a pair with good opportunities that allow you to understand it’s price behaviour by ticking all the boxes.If most boxes/questions are not filled then it’s not a good pair for me.
[ ] What type of currency pair do you want to trade?
[ ] What relationship does it have with the interest rates chart(the 10-year treasury note)?
Choose a second pair or commodity,etc

[ ] What relationship does it have with another indice,currency pair,etc and the Interest rates Charts.
[ ] What are the Macro’s of the Economy using that currency?

The aim here is to understand price behaviour technically and fundamentally because this will then place you at a level where you can know get to figure out why the price will supposedly drop in the next Quarter or come to other conclusions that can also help you with aligning your probabilities after doing your technical analysis.

More fundamental and technical info to be updated.
I just wanted to keep this as short and simple for you to do ur research of the terms and factors mentioned above.

Always study your macros to know reasons behind price movements/behaviours in the market in technical and fundamental terms.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

A summary of a lot of keys

It’s not easy to trade profitably.Most can’t do it.Its not that trading is difficult but rather the discipline needed to trade profitably is difficult for traders to learn and implement on a daily basis.

Break the market down into different trading sessions and look for potential reaction points.

Budget your time in the charts.If you have the need to be constantly watching the charts you are quite possibly fostering an addiction.

Yes it is important to spend time in the charts but it shouldn’t take you up to 3hrs to do so unless if you are studying and building on your knowledge.

No one else executes the trades besides you.You are in charge and the ship either sinks or sails smoothly based on your decision making.

Every small incremental move towards your goal is a positive move.Trading is not a race,it’s a journey that you should be enjoying.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

The treasure

The most important Chart to a trader….yerp,you guessed it.It’s the 10-year treasury note.

This chart is found on the internet in the website called Barcharts.com.After you have typed in Barcharts and clicked its web,you will see a search icon,type in the name of the chart as mentioned in the 1st paragraph and then view the Chart.

I’m going to dwell deeper into my trading knowledge with this topic because this is awesome man.For those that don’t have an idea of what I’m going to talk about,you’ll find a clue on where to get the explanatory video in this blog as I unpack the treasury note to you.

I will make a video speaking on how to access and use the chart to your advantage and what it really helps you with.

I will drop the video on my YouTube channel,”My Caliber Journey” and explain everything to you.

This interest rates charts shows where the price of foreign Currencies like the AUDCAD is poised to go.All foreign Currencies chase after the Yields of this treasury note and the USDCAD currency pair goes the opposite way.

This is because the USDCAD currency pair chases after the Yields of the German bonds and the 10-Year Treasury Note has an inverse relationship with the 10-Year treasury note.This ultimately means that when the 10-year t-note’s price goes bullish,the German bonds will go bearish.

Use the treasury note as an additional assistance to ur trading.Learn about the treasury note first then proceed into using it when you’re comfortable In doing so.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

We all need tools

Everybody needs tools in this World.Builders need tools and material to build.Chefs need their tools and cutlery to cook.Bakers need their tools and ingredients/cutlery to bake.Doctors and Mechanics need their tools to diagnose a problem,etc.We all need tools in this world.This itself explains why we need to use our tools that we have on our trading platforms either on our smartphones or laptops,etc.

Our tools are used to identify problems in the market and solve them by then taking a trade of that directional bias.That’s my own way of how I view the market.Whenever I see a trend in the market I take it as a problem and then I solve the problem by identifying opportunities.

Some of you guys might be asking yourselves but why am I doing this…well,it’s because Only rich people or wealthy people got to where they are by solving a problem/problems.Think about it.

When entrepreneurs of any kind it doesn’t matter which industry it is,when they sell you product or service it has to satisfy you as the customer.Once this has been achieved,they have solved the problem of your yearning.

This also goes for trading,in my own view.Once I Identify a problem (trend),I then have to identify a solution to that problem(opportunity…whether to buy or to sell)

The tools you have to make use as a technical trader of in the market are your trendline,Horizontal line,Vertical line and Fibonacci retracement tools.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Forex Hindsight

A jack of all traits is a master of none

In order for you to learn how the price of a certain currency pair or any other symbol we have in the market behaves,you need to lock any other pairs out and focus on that specific pair you have chosen.

Once you start to do this,you allow your mind to focus solely on one thing and how it behaves,why it does certain things and what causes those things to happen.

For e.g.I started focusing on the USDCAD currency pair only.As I did this I then started to learn why it’s prices behaves the way it does.I started learning and taking note of the fact that this pair doesn’t provide opportunities everyday…of which we’ll talk about in another topic but the best part about learning one pair’s behaviour is that you get to learn how it affects another pair.

I started figuring out that the USDCAD currency pair has an inverse relationship with the AUDCAD currency pair.This means when the price of USDCAD goes bullish,the price of AUDCAD goes bearish.

Focus on one pair and master it. Always look forward to every trading week.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Support and resistance levels

Support and Resistance levels are both very important and useful in many cases.

Support and resistance levels are used to identify levels where price either finds support to keep pushing up or finds a level of resistance that pushes the price down.

One can use the levels to help identify a trade trigger(breakout,retest and enter),It can also be used to identify tp levels and lastly,it helps to identify levels where the price creates volume(new opportunities in the market)…new structures.

You have to practice these basics and know them by heart as they are of great importance.

Pick any currency pair of ur choice and start identifying levels of support and resistance.If you are comfortable you can also add trendlines to identifying your trends.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Time To Mute

As a trader or someone pursuing their passion for that matter,you shouldn’t be paying much attention on social media.
Don’t get me wrong.Social media has been a great help to us in many ways but that’s not the point here.What I’m trying to highlight is that when you take a decision to focus on your passion or talent,etc…you have to block most of the things that will distract you.

When you spend time on social media,you spend more time checking out other people’s posts and what they’re doing.That on itself is a distraction because it’s taking away a person’s biggest Asset,”Time”.
This ultimately puts you at a huge disadvantage and you’re doing a huge disservice to yourself because you lose much of your time on your phone looking at what other people are up to instead of doing something about what you got going on or what you have to work on.

You have to change the narrative around that and spend more time on your craft.
Now as a trader,you will be familiar with a lot of people on different kinds of social media platforms.Do not focus and look at other trader’s posts everytime because you will want to try out what they are doing forgetting that your level and his level aren’t the same.
They’ll be posting money,cars and all those things of which at some point,they were meant to inspire but unfortunately when you view some of the things you feel a bit small and discouraged by the fact that your hustle/passion/craft is actually taking longer than you expected it would and now you see other people doing what you want to do and they’re making it out there…it can affect you emotionally or mentally.

It is a great thing to follow someone that you look up to,someone that inspires you,someone that you want to be like.Its definelty 100% ohkayy but what I’m saying is that you mustn’t spend much of your time looking at what other traders are making,how they live…the list goes on.

Spend more time on your craft.If you don’t pay attention to how good you are on what you do,you’re never going to improve.
Why do something if you don’t want to be the best at it?Rather leave it and be the best at watching other people’s posts and what they’re doing maybe you’ll be good at that but what good will it do for you?

Take time to reset and think this through.
Spend more of your time on your passions than on things that won’t add value to your life.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

Post script at the B-Journey

The B-journey is another term I use for “the beginning of your journey”

Knowing how to read price behaviour removes the ambiguity of whether your indicator or system that you are using is good or not.
Only you can make the indicator you’re using work by only one thing.Simply put in the chartwork yourself.Nothing ever works if you don’t.

Do not sell lows and buy highs.Many traders tend to do this without even noticing and its caused by the fear of taking a trade and what we call FOMO(Fear Of Missing Out).Sometimes when you see a trade trigger, you wait a little while to see if the price is indeed going in your direction before taking the trade because you’re either not certain of your trade,you don’t trust your analysis or you are safeguarding your precious money.Don’t do that.
You either trade or you don’t.
Mentors can teach people how to trade but no one can teach you self control of your own emotions.Only you have to learn how to control that.YOU.

As I once written in one of my blogs,when you ought to take a trade there must be a list of questions that you have to answer before taking a trade.This now adds to drafting your own trading plan.
A trading Plan isn’t something you copy from someone and paste it.
It’s not a template but I’ll tell you what it really is.A trading plan is drafted in the process of figuring what type of trader you are by practically trading.It’s basically trial and error because you will see that before you actually learn what type of trader you are,there will be constant blowing of accounts and making losses and sometimes making income here and there but it’s noticing the amount of losses as opposed to wins each year that will tell you that no man…this isn’t my category.That’s actually how you find out on which category you fall in in this industry.
Now don’t get me wrong.There are traders out there that sync in with the type they have settled for on their first try and this is because those people actually landed on the mark of their industrial self or they can just adapt like that.It’s possible.

In conclusion I just wanna say to you guys its not about the destination in this industry.It’s about the journey so embrace your losses as much as you do with your wins, for your losses actually teach a lesson.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.

In common

All traders have the same thing in common I’m talking about every type of trader.We all have the same thing in common.

When you open your trading device it can be your laptop,phone,etc…you are looking for a specific pattern to formulate or a price behaviour which is what every trader does.
The questions to ask yourselves are :
[ ] What am I looking for in the market?
[ ] What happend yesterday or the day prior?
[ ] What do I See now?

After answering ur questions and come to a solution to either take a trade or not,you prepare another questionnaire and ask yourself these questions:
[ ] Did it go to my directional bias?If not why and if yes…you’re profitable.
[ ] Where do you plan on closing your opened trade?
[ ] How long are you looking to leave the trade open ?
The list goes on.

Another thing that traders have in common is that we set a target.
There is not even a single business that can operate without a target or else you’ll be setting yourself up for disaster.
Set a weekly target of the minimum amount you ought to make and take it from there.I won’t be teaching about setting targets… for different people set different types of targets with different parameters so I’ll just cut it there.

Another thing that traders have in common
Traders are driven by passion and they have a “Why”.If you are not passionate enough,you aren’t worthy of being in their midst.
Traders hang around like minded people and often like to do research(it depends on the trader’s goals and passions)

And Lastly but not least
Traders understand the value of money.
This comes from constant years of trading and blowing your accounts,making money here and there,constant repetition of these 2 occurances,getting to learn about finances(reading and researching) and investing which sets a platform for them in the business World.

Hang around like minded people.
Have something that Drives you to do what you do…have a “Why”.

You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.