Supply and Demand Forex – The Highest Accuracy Method
Gil Ben Hur, The5ers CEO, will prepare us for this new year from a Supply and Demand perspective. He will explain the core concepts of Supply and Demand, and highlight key levels on the market to take advantage of in this new year.
Risk management Webinar. The least spoken ingredient for trading success
Gil Ben Hur presents the correct risk management when trading. The least spoken ingredient for trading success.
Enjoy!
Why Taking a Loss is the Most Difficult Thing to Do in Trading
Taking a loss in the trading is no fun. How can traders take their losses in their stride without it affecting them emotionally and psychologically.
If traders can understand why it is so very difficult to take a loss in our profession, rather than to take a loss in another profession - we may be able to understand and accept it more easily.
We do not like to be wrong. Accepting that we are wrong is one of the most difficult things to do. But in trading, accepting this will save you a lot of money and it’s really the best thing you can do for yourself and your trading career.
For the full article
An advanced risk allocation webinar for forex traders with Saul Lokier
We all know the Clichés of Risk Management. We won’t cover that. We are going deeper into Advanced Risk Allocation.
Commodities Behind the Scenes - Understand the price movement in the mid-term and long-term view.
Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market, and what strategy could be used to trade them.
Where the commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold
Correct Mindset for Traders - Breaking Down the Trading Profession. Trading Psychology
A correct mindset is key for success in trading, Gil Ben Hur giving pro mental tools for achieving maximum performance in trading.
All Timeframe Trading - Gary Langley defines entries and exits using the forex high timeframes.
Gary L. defined entries and exits using the high timeframes to map out the small times.
Patience Pays Strategy - Wait patiently for this setup, and the forex market will pay you accordingly.
The best traders know that patience is a virtue. This webinar will discuss a specific setup, which gives the trader all the tools to become consistently successful if only the trader is patient enough to wait for it.
The wonder of the spinning top is a pattern that gives you an edge over the stocks and FX market.
A high-probability trades that come after spinning tops are created (both for continuation and reversals).
The Difference Between Quasimodo and Head & Shoulders
Two of the most reliable and powerful reversal pattern is Quasimodo and Head & Shoulders, but many traders confuse between them.
In this video, we explain the difference between Between Quasimodo and Head & Shoulders.
How to fix the most common challenges forex traders face.
This webinar uncovers what traders suffer the most during their careers and gives practical tools to fix it.
Learn how to become an algorithmic trader without knowing anything about programming.
Learn how to become an algorithmic trader without knowing anything about programming. With the correct tools, you will be able to generate a diversified portfolio of trading systems that are 100% automated.
Shades of Success - The process to reach high-level trading in the forex market
Shades of success in forex trading It is an individual process of constant improvement that eventually brings a trader to reach a higher level of performance.
Traders tend to compare themselves and their results to other traders, hoping to achieve their performance, forgetting there are differences from one to another, such as:
Available time for trading, different trading sessions to trade (time zone), different strategies, risk tolerance, different character, skills, and more… all are factors that will determine the results and performance of every single trader.
There isn’t one true definition for success when it comes to trading. Every trader needs to define what success means for him and what is the right path to obtaining it slowly.
This process is called “Shades of Success.”
For the full article, click here.
Trading The Non-Farm Payrolls (NFP)
All forex traders have heard the term NFP.
In this guide, we will dig deep into the NFP and how it makes the forex market move.
What is NFP?
The non-farm payrolls(NFP) is a key figure released by the US Department of Labor that presents the number of new jobs created during the previous month. These jobs are associated with all non-agricultural businesses in the United States, and It is always released on the first Friday of every month.
The goal of the NFP report is to illustrate how much new employment was generated in the previous month, excluding seasonal jobs such as farming. This presents us with a number that can easily be compared month to month to better understand the US economy’s status.
How Does The NFP Affect Forex?
The NFP report is a significant indicator of the condition of the US economy. It’s because jobs are the most important of every economy, and more job creation means a healthy and strong economy.
When jobs are created, it makes employers raise salaries, giving employees more money to spend. This boosts both GDP and inflation.
As a result, the NFP report is closely examined, particularly in forex markets, because the degree of job creation is directly related to interest rates. Interest rates are expected to rise if the labor market and the economy are both strong.
For these reasons, we frequently witness big changes in currency markets following the release of the NFP report.
Which Currency Pairs Are Most Influenced by The NFP?
Because the NFP data is a predictor of American employment in forex trading, the data release has the greatest impact on currency pairs, including the US Dollar, such as the EUR/USD, GBP/USD, or USD/JPY.
For the full article, click here.
How to Thrive at Uncertain Times in The Financial Markets
In this presentation, you will learn to take control of what you have full control over, allowing you to thrive and progress, even in the most volatile of times.
Richard Explains the benefits of managing The5ers funded account vs. a personal account.
In this video, we’ll do a live demonstration of the “scale in” technique.
A trade management technique to slowly get into positions in better valid entry points.
What The5ers higher funded traders have in common and how they manage their accounts.
There is no news expected this week as we are between the week of Christmas and new year’s. This is when we usually will find a large drop in volatility as everyone takes a step away from the charts to spend time with their families. However, looking at the current state of the UK and how it is currently going about handling its covid outbreak, more restrictions may come into play which will further push the GBP to the downside.
At this current time, we expect a continuation of the actual trend.
Bearish
Price has completed a slow turnover at the highs around 1.42 and is now pushing towards the 1.20’s. A test of the next resistance is very likely. If that level holds, we should see a drop all the way to 1.32.
We will look for any opportunity to join the bearish trend. If we find that the price can’t break the current resistance of 1.34, await confirmation, then trade to the downside.
USD has its biggest news release on Friday this week, with the Unemployment rate being announced. Over the past year we have seen a steady trend of a decreasing rate as everyone gets back to normal life post lockdowns, I expect this trend to continue. We are currently sitting at an unemployment rate of 4.1% which matches the rate back in 2017, I believe it will manage to get back into mid 3% this year.
At this current time, the weekly trend is bearish and I expect it to continue.
Bearish
Price is currently in a consolidation awaiting volatility to form a breakout, the unemployment rate volume will be that breakout.
We will look for any opportunity to join the bearish trend. If we see a strong move to the downside from the unemployment rate, our target will be around 1.1200.
