How to Overcome Forex Trading Opportunities

How will you overcome the opportunities stacked against you from starting a forex trading business? In this chapter, I will highlight three Ms who have brought me success in this field: Thoughts, Money, and Methods. Many traders, especially inexperienced ones, are too fixated on finding perfect trade arrangements, perfect trading systems or strategies that never fail, thus ignoring other important aspects that are very important for good trading performance.

Strategy 1 - Market Sentiment

The forex market is strongly influenced by market sentiment, and it is market sentiment that influences traders' decisions by triggering certain emotions and thoughts. Find out what defines current market sentiment, and how you can combine analysis of market sentiment into your trade.

Strategy 2 - Driving Trends

There are so many other things to drive trends rather than just closing your eyes and buying at any point during the up or short-selling trend at any point during the downtrend. This chapter shows you how you can jump on trends when trends are the strongest, rather than when they will end. In this way you can climb the trend with a higher chance of success.

Strategy 3 - Breakout Fading

Many false breakouts occur in the forex price chart, and the occurrence of false-outs provides a perfect opportunity for the fading out of the breakout, that is, trading against pimples. In this chapter, I explain why most failures fail, and how you can identify high probability fading opportunities.

Strategy 4 - Breakout Trading

When a currency price passes a certain price level, a large continuous movement towards a breakout can occur, giving rise to a situation where large profits can potentially be captured in the least amount of time. The main problem with acne is that many of these breakout attempts fail. In this chapter, I guide you through several guidelines on how you can identify better escape opportunities for this strategy.

Strategy 5 - Decreasing Volatility Breakout

This strategy is conceptually similar to the trading breakout strategy because in both cases traders will look forward to a successful runaway price. This particular strategy, however, requires the forex market to record a period of relative calm and low volatility for the strategy to be implemented.

Strategy 6 - Carry Trade

This is a fundamental trading strategy that is favored by institutional investors. In this chapter, I explain how the carry trade works, and highlight some points that you must remember when adopting this strategy in the forex market.

Strategy 7 - Bestriding News

The forex market is very sensitive to economic and geopolitical news from around the world, especially those who are late to industrialized countries. The basic reason why the news is so important for forex trading is that any new information has the potential to change a trader's perception of the current and/or future situation related to the prospect of a particular currency pair. Find out how you can trade news releases with a higher probability of success.

Risk Disclosure

Forex trading involves large risks, and there is always a potential loss. Your trading results can vary. There is no statement made that any information in this article will guarantee profits or prevent losses from forex trading. You must realize that there is no trading strategy that can guarantee profit.

How to Choose a Forex Broker?

TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

• Is the Forex Broker regulated?
• Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
• Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
• Availability of Customer Service.
• Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.

Rank	Broker Name	Special Offer	Minimum Deposit	Spread	User Score	Maximum Leverage	Regulation	Start Trading
1	NordFX	55% Deposit Bonus	$10	0.0 Pips	96	1:1000	VFSC	Open Account
2	SGT Markets	Refer a friend $10	$500	0.0	95	1:400	IFSC	Open Account
3	OctaFX	50% Deposit Bonus	$100	0.4	94	1:500	IBC	Open Account
4	Exness	No	$1	0.1	93	1:2000	FCA,CySEC,IBC	Open Account
5	IC Markets	No	$200	0.0	92	1:500	ASIC	Open Account
6	Tickmill	$30 Welcome  Account	$100	0.0	91	1:500	FSA,FCA	Open Account
7	Axiory	$50 Deposit Bonus	$200	0.0	90	1:400	IFSC	Open Account
8	Justforex	100% Deposit Bonus	$1	0.0	89	1:3000	IFSC	Open Account
9	ThinkMarkets	No	$250	0.4	88	1:400	ASIC,FCA	Open Account
10	XM	$30 Welcome Account	$5	0.0	87	1:888	ASIC,FCA,IFSC	Open Account
11	FBS	$50 Welcome Account	$1	0.0	86	1:3000	IFSC	Open Account
12	HotForex	No	$5	0.0	85	1:1000	INC	Open Account