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Lesson 28: the Fibonacci sequence is a magical instrument for traders
CategoryFor Beginners

The Fibonacci sequence is one of the most popular trading instruments with forex traders. The developers of the MetaTrader platform had a good reason to put this instrument onto the toolbar along with such widely-used tools of technical analysis as lines and equidistant channel. Why is the Fibonacci sequence so popular in the forex market? It’s a common knowledge that traders are very superstitious, so they are disposed to employ the theory of Leonardo Fibonacci, the mathematician who introduced his golden section and the sequence of numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144... 

AUD/USD. Time frame H4-W1. 11.09.2016 – the pair consolidated before moving lower
CategoryForex analysis

Late in the week, enthusiasm of the risky assets buyers turned into major disappointment. Commodity currencies and the equity market experienced hard times. The mood swing was provoked by the comments of Boston Fed President Eric Rosengren who hinted that the rate could be hiked soon. Besides, there were some other fundamental factors:

Trading results for August 2016. Profits: $379

Dear friends, though our school years have long gone, we should never stop learning. I have been into financial markets for eight years and still discover something new and try to apply it to trading to improve my results.

Knowledge is power; and my latest report alongside the recent victory in trading contests proves it.

First prize in North?South?Flat? contest and second place in Olympian Calm contest for live accounts

The Olympian calm contest for live accounts came to an end. This means that it’s time to recollect some high points and sum up the results. The tournament was hot and unpredictable and the last day stuck in memory of many participants. Amid speeches of Janet Yellen and Stanley Fischer, the day turned out to be quite volatile and the Interstellar team was able to take advantage of it. It skyrocketed from the sixth place to the top three securing the third place.

GBP/USD. Н1-H4, 15.07.2016 – Going short on GBP (mid-term)
CategoryForex analysis

The pound volatility remains high. In the Asian session alone, when trading tends to be relatively muted, price action of the GBP/USD pair currently covers 100-200 pips. Just recently (before Brexit), the Cable’s trading range spanned around 20-30 pips. Tonight was no exception as the British pound strengthened by 1% (145 pips) against the US dollar amid low liquidity. Resistance at 1.3480 capped further gains, and now the pair is edging lower. 

Trading results for June 2016. Profit: +$1,659


Here is my trading report for June 2016. This month, I used three accounts which brought me the total profit of $1,659 thanks to successful trading. Have I managed to implement all my plans? Am I satisfied with the result? Absolutely! I’m glad to receive any profit during such a difficult period of financial turmoil.  This is connected with high volatility evoked by the June Brexit referendum.

Trading results for May 2016. Profit: +$3,553

I’d like to introduce you to my trading report for May 2016. In the run-up to summer, investors closed long positions on risky assets as usual. So I took advantage of this situation. And that brought me a total profit of +$3,553 from my three accounts. To my viewpoint, this is a great result every trader with average capital should strive to. 

Lesson 27: Top 5 fatal mistakes in trading
CategoryFor Beginners

About 90% of traders lose money. The rest 10% trade in the black or have profit on a regular basis. How do they do it?

This is a question traders ask for decades. The most interesting thing is that there is no secret formula that will make a pro from a loser. The only thing you should do is to avoid mistakes that can blow up your account. 

Let’s have a look at five reasons why traders lose money. 

Victory in Cruise team contest

Luckily,the Cruise trading team contest ended right on April 30, 2016. So instead of my usual monthly report, I decided to share the results of this captivating competition with you. The contest was held on live deposits, thus reducing rash decisions. The contest gave me an opportunity to trade alongside those who have been working on Forex for quite a long time. The prize pool of RUB 330,000 is provided by InstaForex. The pool was split as follows:

Post-trade analysis: story of a trade

Dear friends, I always repeat that to become a professional trader, you should analyze your deals to find mistakes and learn from them. Today, I am going to look in detail at a movement of GBP/USD, a rather popular currency pair, during the period from March 30 to April 8, 2016.  All comments are numbered and put on the chart.

1. On March 30, during a re-test of the extreme point, taking into account a bullish divergence, I decided to open a sell deal with the target levels of 1.4060 and 1.3850. The order was put into the breakeven zone after the price hit a new low at the level of 1.4377.