Showing posts with label Forex Tips. Show all posts
Showing posts with label Forex Tips. Show all posts
Meet the Success Forex Strategist! This is her Story!

Meet the Success Forex Strategist! This is her Story!

Let's Reveals the Success Story Forex Strategist, Jane Foley

Forex Strategist - Jane Foley
Forex Strategist - Jane Foley
Most traders might felt lack of confidence at the very first stepping in to financial market. It probably because we don't have enough knowledge yet, among others about forex and how to be the best in it.
Jane Foley, she is a successful career woman and a famous influencer as forex strategist. Same as most traders, at first she also not very attached with forex and being underestimated because of her gender status (oh, please..).

Here's Five Lessons that We Must FOLLOW to be as success as Jane Foley : 
  1. Always studious and strive to explore new things. These lessons can be applied by a novice forex traders who do not have sufficient knowledge about trading. If you still always feel inferior to the abilities and chances of success as a trader as a result of this, then do not despair. The story of Jane Foley who began working in S & P's without really knowing what is going to implement a fund manager can inspire you to continue to learn to explore forex as a new interest.
    Forex Strategist - Jane Foley
    Forex Strategist - Jane Foley
  2. Develop yourself with passion. Jane Foley discovered an interest in forex and decided to pursue a career in that field. Undeniably, all the things that came from passion will give maximum achievement in your efforts.
  3. Do not hesitate to open up to new opportunities and challenges. Jane Foley not only known as a reliable strategy, but also an impressive work experience in various leading corporations. If Jane was able to find success in this way, then you can too. Not necessarily by changing companies like Jane, you can start by accepting the loss as trading risk that must be faced and can be minimized, or also look for opportunities in the pair diverisifikasi or other instruments.
  4. Success does not depend on a particular character, it is precisely the personality to make a difference who will provide exceptional achievement.
  5. Always conscientious and have a determination to achieve success.

Who is Jane Foley?
Jane Foley is a senior forex strategist at Rabobank. She previously worked at Gain Capital as Director of Research. Her popularity start rockin up when she get  a presticious job as Forex Strategist Director at Barclay (cool, huh?). She's really dig this time, she got lots of attention from medias such as CNN, CNBC and SkyNews. With more than 2 years of experience in Forex, her article especially about Fundamental Analysis have lots of apperication and highlighted from many stage of levels.

Spirit! That's the Number One.
Forex Strategist - Jane Foley
Forex Strategist - Jane Foley

Jane Foley starts her carer in S&P's MMS International right after she finished her Master Degree in Economy. She decided to keep applying in S&P eventhough she has no fully idea about what she's going reach in her works at S&P. She said "When I read the job advertisement, there're lots of words that I have no idea what it means. But still, I immediately interested with its job description".
The problem start when she was asked to write the analysis of the USD. Jane finally got the ease after getting help from co-workers. "After it was all so much more easily. I almost always got new things to be used as writing. That's what makes me love this job." he said.

Huge Passion in Forex
When we have more than enough passion, then no matter how hard the works and tasks is, you'll feel happy and light to do it. This is what Jane Foley feels when she decide to learn more about Forex. She has the feelings, she runs for it. Her passion makes a great result, it shown when she sucessfully proves her-self by joining Barclays as Forex Strategist. After a long career at Barclay, Jane Foley finally worked as Director of Research at Gain Capital.

Jane Folley
Jane Folley - Forex Strategist
At the beginning of the career, Jane is positioned as a fund manager in fields related to the fundamental aspects movers government bonds and foreign exchange markets. From here she became interested in the dynamics of the currency market. Compared with other instruments, according to the forex market can be used as a global information window because it can reflect the world economic and political conditions. Jane took the example of EUR / USD and USD / JPY price movements easily influenced by an important event.
Jane Foley known as a career woman who always been ready to expand and be wide open to new challanges. Her relations with medias also gives her a plus point, and makes her as a wanted person by lots of popular finance company. She's one of woman forex strategist whom already have special experience to appear in front of media.



Profit and Loss in Forex Trading

Profit and Loss in Forex Trading

 Profit and Loss in Forex Trading

When we’re trading in forex market or any other market, we often get a story about various strategies, both general money management requires that the average gain over the average loss per trade. It is very easy to assume that the general counsel is correct. However, if we  examine about it back more deeper into the relationship between profit and loss, it is clear that these ideas may need to be readjusted.
Profit and Loss in Forex Trading
Profit and Loss in Forex Trading
Ratio of Profit and Loss
Ratio profit and loss refers to the size of the average when compared with the average size of trading losses which we have done. For example, if the expected profit is $ 900 and the expected loss is $ 300 for a particular trade, the ratio of profit - loss is 3: 1 - $ 900 divided by $ 300. In the beginning, people would agree with this recommendation. After all, Shouldn’t the potential loss to be kept as small as possible and any potential profit to be bigger? The answer is, not always.
In fact, this common piece of advice can be misleading, and could cause a threat to your trading account. While the suggestion, that the other has a ratio of income - a loss of at least 2: 1 or 3: 1 on every open position trading is over-simple because it does not consider the practical realities of the forex market (or other markets), individual trading style and average profitability of individual per Factors trade (APPT), which is also called statistical expectations.

Importance of Average Profitability per Trade
Average Profit Per Trade (APPT) basically refers to the average amount that you can expect to win or lose on each trade. Most people are only focused on their profit alone, either balance the loss ratio and the top levels of accuracy in trading approach that they do not realize there is a bigger picture is that the performance of a trading transaction you depends on your own APPT. This is a formula to calculate the average profit from each trade that you can make a general rule: Average Profitability Per Trade = (Probability of Win x Average Win) - (Probability of Loss x Average Loss).
 Profit and Loss in Forex Trading
Profit and Loss in Forex Trading
Let's explore the APPT of the following hypothetical scenario,

Scenario A:
Let's say out of 10 trades that you open, you get a profit on the transaction, while others you will lose. Your probability of winning is 30%, or 0.3, while your probability of loss is 70%, or 0.7. Average trading your profit of about $ 600 and an average loss of $ 300. In this scenario, the APPT is: (0.3 x $ 600) - (0.7 x $ 300) = - $ 30 As you can see, the APPT is a negative number, meaning that for every trade you, where you will lose about $ 30. It's a losing proposition. Although the ratio of profit - loss of 2: 1, this trading approach to generate a profit of about 30%, and negates the benefits that should have an advantage profit ratio - loss of 2: 1.

While the scenario B:
Let's explore the APPT of a trading approach by using the ratio of profit - loss 1: 3, but more profit than loss. Say of 10 transactions, you make profit on eight transactions you do, while for the other two, you experienced loss. Here are the APPT is: (0.8 x $ 100) - (0.2 x $ 300) = $ 20 In this case, although this approach has a ratio of profit - loss 1: 3, APPT is positive, which means that you can experience the benefits from time to time.


Many ways to get profit when we are trading in the forex market, there is no one size that fits in each money management or trading approach. Perhaps a traditional advice necessary for you to understand, such as ensuring a bigger profit compared with a loss, does not have much substantial value in the real trading world unless you have a high probability trade in realizing that you think will benefit greatly. What matters is that your APPT appeared positive and your overall profit is more than your overall losses.
How to be Rich with Forex 2016

How to be Rich with Forex 2016

How to be Rich with Forex 2016

This article will discuss how to produce a wealth of forex business and get rich with forex trading. Most traders have to be satisfied with the average profit or even just a little. Through this article you will learn from some of the successful tips for a wealthy because of profit in forex.
 
Tips Get Rich with Forex 2016
Tips Get Rich with Forex 2016
According to the survey only 5% of traders are able to profit consistently, the remaining 95% still find a way. If you include the 95%, in order to be a successful trader you should get together with people who are 5%, rather than vice versa. If you want to survive in the forex market, the most important thing to do is to apply the trading technique consistently and get comfortable with it rather than a perfect system that can occasionally make a profit of 100% but it is not convenient to use.

Getting rich in forex business? Is that possible? Yes, if you are with deep pockets and hedge funs! But don’t worry, all of forex retails would have the same experiences.
Here, we assume that all of you already know the basic things about how the trading system works and have the enough experience about the progress of your trading trading but still mediocre. Well, the first thing you should look to boost profits is a simple change in money management and risk management. And, of course, a change of mindset. If you notice it and you do it can turn an average profit becomes greater. Here are some tips that are described further to maximize profits in forex trading:

Trading sparse but fortunately the big
Most traders think that if they are not trading, profit is not obtained, or had the forethought to not miss any potential momentum. In fact, they are often trading will experience a lot of failure than those who rarely trade. Focus only on trades that have the highest potential is huge. Do not just do the open position.

Money and risk management
Tips Get Rich with Forex 2016
Tips Get Rich with Forex 2016
Focus on huge profits. Since this is your money, so that every penny must be controlled, the management of money should be best possible. That requires a series of risk management as a hold at a position that is considered to be sufficient. This is done to prevent losses due to faster transactions resilience insufficient funds due to market movements are constantly moving in a trend. Many traders are losers as a result of a cardinal state. Then, do not quickly close the original position. Let advance your position generate sufficient profits. Last is a fast and selective trade. Tradinglah if you believe, and do not trade if you are in doubt.

Create a dynamic system with different risk
If you can not manage and calculate the risks of trading, then do not even think about trading in Forex. Many traders back to his previous job because they can not manage forex risk. A simple thought says, "You will know if you've ever lost to succeed". So do not let ourselves get caught up in despair because they have not succeeded and call yourself a loser.

Take advantage of compound
How to make quick money in forex is a lot to understand the power of compound growth account. For example, if you target 50% per year on your trading, then an account with $ 20,000 in initial capital can grow more than a million dollars after less than 10 years.

Forex is a popular and instant method alternative method for making money, but to become a success forex trader is not as easy as turning the palm of your hand, you have to seriously learn all about forex in advance to become one. After that, getting rich with forex is quite possible to reach as long as you follow the rules. Remember, there’re no easy way to get rich with forex trading. It all takes super-effort and yes, super hedge funds!