Moving Forward - Forex News by FX Leaders

Moving Forward

Posted Thursday, September 29, 2016 by
Skerdian Meta • 1 min read

Hello again to all you FXML followers. I hope you are having a wonderful morning, particularly after waking up in profit. We opened a couple of forex signals last night in NZD/USD and GBP/USD and woke up today watching one of them, the GBP/USD signal reach take profit.

This is a good start to the day and the sunny weather makes it feel even better. So far, we are more than 300 pips in profit for the week with two days still to go. We have an open forex signal in NZD/USD, which approaching the take profit level. We opened it last night at 0.7288 while this forex pair was retracing higher, but the retrace extended further, reaching 0.7303 this morning before reversing down. 

It is a great feeling waking up and seeing your forex signals/forex trades hitting take profit, but that´s not always the case with us forex traders. There´s a lot of pain to go through for a trader until he/she becomes experienced enough to beat the market and become successful. 

Digesting your losing trades is one of the primary things you have to master in order to become successful. Yesterday we woke up on a losing signal in EUR/GBP but that didn´t put us down. We got over it quickly and closed the day with a nice profit. Your mindset is very important when it comes to trading forex so a positive attitude always helps, it´s called trader psychology. 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments