RECOMMENDED BROKER & SERVICE INFORMATION!
TRADING BROKER
Trade Simple FX are happy to recommend and be working alongside CedarFX in bringing you a top service for your trading needs!
Whether youβre looking to practice trading risk-free, or to open a live trading account to start earning, CedarFX offer free Demo and Live accounts on the renowned MetaTarder 4 platform. You can even perfect your strategy and acquaint yourself with the platform through a Demo account before depositing any funds. Both account types present identical market conditions, helping you get ready to go live!
About CedarFX:
- Benefit from 0% commission, ultra-low spreads and free transactions today;
- Ultra-Fast Withdrawals;
- Tools for growth;
- Zero Commissions;
- Diverse leverages instruments and assets;
For more information and to get signed up, check out the following website: https://www.cedarfx.com
HOW CAN WE BENEFIT YOU?
Our Forex Market Analyst Service is designed to give our clients an insight to the way we trade here at Trade Simple FX. Throughout the trading day we provide our clients with both Fundamental and Technical commentary of the live markets. This way our subscribers can looks to adopt the principles we use on a daily basis to set a routine and market approach.
We are lucky enough at Trade Simple FX to have subscriptions with close partners which gives our traders access to instant and exclusive breaking information in live time. Such as; breaking risk events and key economic data. Our traders have strong working relations with other highly reputable market analysts, and are able to pass on live market commentary to benefit our subscribers on present and future market conditions.
CHARTS AND TESTIMONIALS
What a day it was yesterday, enjoyed working from the gym, not so much trading other than the rundowns ahead of FOMC.
Few pages covered in the systematic trading book, reading up on a possible trading event and getting some lunch before a decent walk at the beach.
Pleasant Wednesday, making the most out of this weather before it hibernates for winter!
π₯ Want to follow along with our trades and much more detailed commentary? Join our members group today!
β¬οΈ Info on products & services are available here:
www.tradesimplefx.com
Checkout our recommended broker - @CedarForex www.cedarfx.com
The trade we milked last week, great end to the week!
Before commentary: Nice reaction seen from resistance so far, battling that 0.73 whole number support at the moment, a break of this could send us down nicely to previous lows and then we would aim to continue downside and set fresh lows π€π½
After commentary: Melted towards our take profit target, we have since seen a healthy pullback and attempt to set new lows (failed and bounced from previous low support price of 72300).
FOMC this evening, going to catalyse most markets, likely going to create some new trading zones. Big breakout seen on DXY.
What's next?
π₯ Want to follow along with our trades and much more detailed commentary? Join our members group today!
β¬οΈ Info on products & services are available here:
www.tradesimplefx.com
Checkout our recommended broker - @CedarForex www.cedarfx.com
#trading #trader #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #daytrader #signals #alerts #tradingprofit #fxsignals
The worst thing you can do is jump around, whether itβs strategy, trading pair, trading session, whatever it is we do, we should be consistent in our approach.
Give yourself enough chance and time to really trial and test something.
Make small fine tune changes and run these changes long enough to collate data and provide justification for or against.
π₯ Want to follow along with our trades and much more detailed commentary? Join our members group today!
β¬οΈ Info on products & services are available here:
www.tradesimplefx.com
Checkout our recommended broker - @CedarForex www.cedarfx.com
#trading #trader #trading #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #daytrader #daytrading
AUDUSD playing out really well for us so far this week and also last week, hitting our initial take profit target of 0.72300 before seeing a healthy correction.
We posted the updated charts to our members this morning and have already gotten off to a nice start with some fairly minimal drawdown. Hopefully a lower TF structure break and small retest shows us some more downside potential.
DXY 93.00 support seems to be holding for the moment, a smaller correction after last weeks bullish extensions to break out interim range, catalysed by Friday's data. Very early on in the week, but expecting more of the same!
π₯ Want to follow along with our trades and much more detailed commentary? Join our members group today!
β¬οΈ Info on products & services are available here:
www.tradesimplefx.com
Checkout our recommended broker - @CedarForex www.cedarfx.com
#trading #trader #trading #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #daytrader #daytrading
Posted these charts on our story yesterday, unfolded really well, great returns and a solid end to the week. Check out the below descriptions we posted for each setup. We will post the βafterβ next week.
NZDUSD H4
Similar setup to AUDUSD (AUDUSD analysis to follow), however a little cleaner in my opinion in terms of technicals and targets, the conflicting factor is the ACTUAL performance of the NZD vs AUD, AUD being the weaker amongst the two.
Need to make sure we are trading south of these trading zones going forward, support has broken but we must ensure resistance holds.
AUDUSD H4
I'd like to see something like this unfold on AU, as mentioned in the technical rundown, dollar gained some nice strength off the back of the figures seen yesterday across retail sales and labour data. We saw a DXY upside break, breaking 92.800.
AUDUSD respective support saw a downside breakout just like NZDUSD, retest has been seen, just looking for that resumed USD strength and continued eastern weakness.
π₯ Want to follow along with our trades and much more detailed commentary? Join our members group today!
β¬οΈ Info on products & services are available here:
www.tradesimplefx.com
Check out our recommended broker - @cedarforex www.cedarfx.com
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #forexsignals #signals #mintset #psychology #motivation #stocks #business #fxsignals
GET USED TO DRAWDOWN!
Ask yourself, what's the odds of this trade moving straight into profit from my entry? Very low right, unless you have a pip perfect pending order, but then you run the risk of it not triggering right?
We are constantly weighing up the pro's and con's of different entry types. The more confirmation, the more possible drawdown and decreased reward potential, but greater chance of position profit. The less confirmation, the less drawdown, and increased reward potential, but you pose the risk of a faster stoppage; a psychological battle in itself.
What can we do?
- Manage Risk;
- Manage Rewards Projections;
- Handle 1 or 2 open positions;
- Set Alerts;
- Use pending orders;
- Trade with a level head.
This is why I tell people, as soon as I place the trade, I accept that money is dead and gone, the trade has been lost. When you're managing just 1 or 2 positions at a time, this is easy to accept, predominantly because you're most likely well risk apportioned and you have a confident trading plan/system. You've been there and done it before and therefore have the experience of holding positions in drawdown and seen hundreds of position float around entry before then tanking or spiking.
π₯ Want to follow along with our trades and much more detailed commentary? Join our members group today!
β¬οΈ Info on products & services are available here:
www.tradesimplefx.com
Check out our recommended broker - @cedarforex www.cedarfx.com
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #longterminvesting #speculativetrading #mintset #psychology #motivation #stocks #business #finance
What do we think of the new front grill?
Possibly going to black out the chrome edging and see how that looks, but Iβll sit on it as it is for a while first.
Definitely a little more youthful and less old man like π
#mercedes #amg #eclass #e53 #amggtr #panamericana #gtr #mercedesbenz #mercedesamg #tradingforex #daytrading #mercedesclub #mercedeslovers
Nice 500 pip range here on gold we had marked up last week. Waiting patiently for the resistance test before short opportunity down to support target which ran for 500 pips.
We saw a couple of bounces from support recently, one last week and another yesterday. Possible measure back up to resistance, but stepping between data points at the moment. Inflation figures today for the USD.
βββββββββββββββββββββ-
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
πCheck Our Story Highlights & Services
1 - Free Group(s) π
2 - Members Channel/Chats π₯
3 - Course Content/Systems π
4 - Social Media Platforms π
5 - Feedback & Testimonials π
To get involved with our members group, 1-2-1 sessions, courses or even our free channel, just shoot us a message @Trade_Simple_FX, send us an email, or visit out website directly @ www.tradesimplefx.com
Check out CedarFX if youβre looking for trading broker!
#forextrading #tradingforex #currencytrading #currency #daytrading #inflation #economics #centralbanks #usdollar #dollar #fed #crypto #cryptocurrency #cryptotrading #forexsignals #fxsignals #tradealerts #goldtrading
I would bet majority of us have been guilty of it. Whether itβs signal groups providing 10 signals a day or our habits and temptation to just take every opportunity we seeβ¦
The less trades we take, the deeper we can study and reflect on them. Realistically, we arenβt going to journal 10-15 trades a day, even if we did, there likely wouldnβt be enough consistency for comparisonβ¦
Less is more! We say it time and time again.
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #longterminvesting #speculativetrading #mintset #psychology #motivation #stocks #business #finance
As mentioned in our IG story this morning, slightly different trading approach for the next handful of weeks, working on self discipline and comparing performance.
1 trade a day, win or lose, we wont force anything else, or look for re-entries on the same position, simply taking a more set and forget approach and seeing what the outcome is.
Also want to see how this affects work/life balance too, less chart time and more free time. EURJPY as mentioned is the first trade we have taken, a nice 5R potential, so we will see what we can squeeze out of it.
I'm ideally looking to enter on daily timeframe, however, being Monday I've scaled in a little bit to grab that first trade entry. Lets see how things go!
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#forextrading #fxtrading #pips #profit #banking #finance #daytrading #daytraders #crypto #cryptotrading #financialmarkets #tradingcrypto #cryptosignals #forexsignals #forexalerts #cryptoalerts #cryptotraders #trading #tradingtips
What do you think about WTI, here is some top down analysis for the pair going forward. This is a trade I'm actively in with 0.5% risk, but we haven't seen an awful amount from it yet.
Lots of consolidation around the resistance price. No doubt a down-trend on the D1 and H4, but we also have some resistance play on the lower H1 timeframe. We could have stops a little tighter than shown, but with such a volatile pair, I more-so prefer the "set and forget" approach, and would like to leave stops open a little further and be more conservative.
It meets our rule sets, more of a swing positions as opposed to intraday, so we have taken it, we can follow this one live together, we will provide updates on how our position unfolds.
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #longterminvesting #speculativetrading #mintset #psychology #motivation #stocks #business #finance
A good little habit to get used to, regardless of how small the profits are, itβs important to realise the profits and sometimes people work better seeing something physical.
Itβs good to see see a certain figure as β0β too, so weekly or monthly withdrawals to bring your balance back down to your β0β figure gives you a good reset for the week/month ahead.
You can always dump in your profits after 3 or 6 months or whatever you desire to increase your capital and lot sizes.
By having a withdrawal plan, you may see yourself less likely to make silly decisions as the money feels more real and less like dead money as you have just left it in a trading account for so long.
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#crypto #cryptotrading #cryptoinvesting #bitcoin #btc #ethereum #ethusd #cardano #adausdt #investment #investing #finance #financialfreedom #psychology #mindset #stocks #speculativetrading #daytrading
New low weight of 176lbs today, officially down 20lbs since the diet started, only taken 3 years π
6 weeks until holiday, another 8-10lbs to go and Iβll be happy! Havenβt been body confident in so long, finally getting there and the difference it makes to your mood and mindset is unreal!
TRADING BETWEEN THE ZONES!
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#crypto #cryptotrading #cryptoinvesting #bitcoin #btc #ethereum #ethusd #cardano #adausdt #investment #investing #finance #financialfreedom #psychology #mindset #stocks #speculativetrading #daytrading
We have seen an ETH breakout already, and we know most of these big player cryptos, in fact majority of the crypto world move in the same alignment, fair to say? Either bullish markets across the board (generally) or bearish markets across the board, I suppose the other option is consolidating markets, and we've seen a lot of that over the last handful of months.
However, onwards and upwards for Crypto, BTC pushes $50k with constant threat of an upside breakout, are we going to follow similar suit to ETH?
ETH/GBP has since broken that Β£2,400 price, but we are yet to have seen a pullback to that broken zone. Market corrections to follow for us to consider loading up some long positions. Looking for BTC to pop to maybe $53/54k before retesting $50k support, with a target of circa $63k initially.
TRADING BETWEEN THE ZONES!
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#crypto #cryptotrading #cryptoinvesting #bitcoin #btc #ethereum #ethusd #cardano #adausdt #investment #investing #finance #financialfreedom #psychology #mindset #stocks #speculativetrading #daytrading
This is based on my experience dealing with members of all ages that are looking to explore trading as an additional source of income.
Generally the more mature members are the members who succeed, and from what I see, this is because they are usually already financially stable, they're not chasing trades and profit return, they understand there is a process behind trading, a system which needs to be built and tailored around your life and they're focussed on the process and system and understand the profit comes as a side product as consistency develops. When consistency is evident, funds can be dropping in to increase capital to then increase weekly ££ returns, but the % gain always remains the same.
There isn't a quick fix unfortunately, you must invest time and money, accept that money will be lost, but the losses incurred are totally managed and in your control. The more mature members understand the importance of journalling and aren't so anal and more open minded.
Unfortunately, those that are of the younger generation think it's a get rich quick scheme (not so much their fault, just the crack with the industry at the moment), aiming to flip Β£500 accounts and make 100% weekly, or they're in debt and trying to source a quick fix. Having this mindset instantly puts you at a disadvantage, it muddies the waters and doesn't allow you to focus on the actual goal.
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #longterminvesting #speculativetrading #mintset #psychology #motivation #stocks #business #finance
Nasty little break upside today, gave away some of the profit banked from the bearish break yesterday, take the rough with the smooth.
Some great setups and key zones hit, alerts have been popping off today, letβs see whats available tomorrow!
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #longterminvesting #speculativetrading #mintset #psychology #motivation #stocks #business #finance
A classic example of zone trading and pair comparison here.
We were following cable alongside EURUSD and DXY. We simply mark on our trading zones and wait for various confluences to stack to give us reason to execute.
The confluences we have in this instance were:
- H4 Support low.
- 1.38 whole number support
- Weekly key level (support)
3 confluences generally are enough for us, we measured 3.3R on this trade, but had quite large stops, pretty much to allow us to 'set and forget' we don't usually like this term as we believe all positions should be managed and monitored, but working with slightly bigger stops gave us a daily perspective as opposed to H4/H1.
Successful trade, lets see what's next for cable!
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
Check out our recommended broker @CedarFX
#forextrading #forexeducation #daytradingtips #tradingtips #daytraders #investors #investing #swingtrading #cryptotrading #crypto #equitymarkets #indexfunds #longterminvesting #speculativetrading #mintset #psychology #motivation #stocks #business #finance
In my opinion one of the leading psychological drawbacks is risk management, and commonly over-risking, when you've not calculated your risk, or you have knowingly over risked, you know you're breaking away from your common trading habits and when the position is active you'll feel uncomfortable.
Breaking away from your positive trading habits and trading plan, means you're breaking your consistency and your pre-determined rules. The more you do this, the more dangerous things get, the more losses creep up, the bigger losses creep in and you as a trader start losing control of the variables that are in YOUR control and that you should learn to master.
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
#tradingtips #trading #tradingforex #fxtrading #fxsignals #daytrading #tipsfortrading #tradingplan #tradingfx #fxsignal #fxalerts #tradingsignals #tradingalerts #tradingmentor #coaching #londontraders #fundedtraders #pips #profit #banking #finance
Working from the gym today, busy day driving here there and everywhere.
Been saying it all week, but so much left to right action this week, DXY struggling to get off that 93.00 whole number price and lots of USD and GBP pairs just ranging/consolidating on the lower timeframe!
Hopefully next week we see some breakouts, or even tomorrow, but Friday breakout trading can be quite dangerous/misleading.
β€οΈ Like, share & save!
π Turn notifications ON!
πCheck Our Story Highlights & Services
Check our our recommended broker: @CedarFX
#tradingtips #trading #tradingforex #fxtrading #fxsignals #daytrading #tipsfortrading #tradingplan #tradingfx #fxsignal #fxalerts #tradingsignals #tradingalerts #tradingmentor #coaching #londontraders #fundedtraders #pips #profit #banking #finance
Are you bullish or bearish on GBPUSD?
I've cut this one a little short as we have approached some nice resistance, weekly key level (resistance) and seemingly exhausting at our corrective price.
Leads me to think we may be gearing up for another wave downside, trying to marry up DXY support with Cable resistance. As of 2:30pm UK time (just before US stocks open) we are dipping south of our 93.00 whole number, but very light trading volume at the moment, moving from left to right on the lower timeframe, still effectively in consolidation.
Waiting for a nice break of 1.37 and bounce from 93.00, maybe US durable goods data can catalyse this move tomorrow.
βββββββββββββββββββββ-
Follow @Trade_Simple_FX
Follow @Trade_Simple_FX
β€οΈ Like, share & save!
π Turn notifications ON!
#tradingtips #trading #tradingforex #fxtrading #fxsignals #daytrading #tipsfortrading #tradingplan #tradingfx #fxsignal #fxalerts #tradingsignals #tradingalerts #tradingmentor #coaching #londontraders #fundedtraders #pips #profit #banking #finance
We are very happy to share our clients' reviews!
