Coming up at half past the hour: my market sentiment webinar with my look at the charts, the calendar, retail trader positioning and more. Please join me if you can. What are some key insights into trading stocks? Gold prices declined 1. Ever wonder if there are other chart types that can be sued for technical analysis? HLOC charts are discussed in the following article as well as their pros and cons.

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UST 10s now at 1. DanielGMoss Mar 30, Follow. MACD who? Gold prices coming under pressure as yields on US year Treasuries break to month highs. A move to challenge the Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception.

IlyaSpivak Mar 30, Follow. Dow to Outperform vs. The number of GLD shares outstanding fell to Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Forex quotes reflect the price of different currencies at any point in time. The Dow Jones hit a fresh record on hopes for a massive US infrastructure stimulus plan.

Asia Pacific equities look set to trade higher. The US Dollar climbed while Treasuries fell.

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DailyFX Mar 29, Follow. Correction: originally reported by Reuters. DanielGMoss Mar 29, Follow. But this month, it's been defensive sectors w…. Mar 30, Follow. View more. Market Data Rates Live Chart.

First Name: Please fill out this field. Please enter valid First Name. Last Name: Please fill out this field. Please enter valid Last Name. We focus on big momentum movers and our watch-list is explained in full detail via screen sharing with live audio each morning. Our focus is identifying and explaining low risk trade setups with high potential reward outcome.

Our chat room allows us to separate topics of discussion into channels so you can cut out the noise and just get the alerts that you want. We also have optional desktop and mobile apps for our chat room and screen share so you can stay connected with us wherever you go, and never miss out on a trade alert again! At LiveStream Trading we run a daily live training webinar at market close each day to review our trades in detail and answer all of our members questions. We cover various topics so our traders can learn and grow with us as quickly as possible. These webinars have been a huge benefit for our team, and they are recorded every day for review.

Your ongoing education is important to us. Never purchase an outdated DVD again — We include our up-to-date trading course which breaks down our trading system step-by-step explaining everything you need to know about our strategy.

A Day in the Life of a Professional Forex Trader

Get full access to this course and more FREE with any membership level! Live Stream Trading Blog Posts. Winning with Systematic Trading Are you gambling in the stock market or playing with a defined edge? The time is NOW to stop guessing and start trading with clarity, discipline, and confidence. Tilt the odds in your favor By definition it means that time is a valuable resource because our time in this world is limited , so it's better to do things as quickly as possible. Hello traders. Today I am going to do a review of one of my current and most recommended brokers — Trade Zero.

A Day In The Life of A Professional Forex Trader

I have had a lot of Read More. Real Comments from Current Traders in our Group.

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His system is very easy to understand, super effective and you see him applying it every day on the live stream and chat room read more. I saw huge improvements in my trading from DAY 1. Hey Jeff. Eastern Standard Time. As a result, local professionals may get up earlier than equity or futures traders.

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This timing takes many of these folks out of the game after the New York lunch hour, triggering a noticeable drop in forex volume and volatility during U. This lifestyle works perfectly in conjunction with the timing of key economic reports in Europe and the United States, but it fails to capture Asian developments, which can move world currency markets for months at a time.

In general, this leaves two other specialization choices. Traders can match market hours with other U. Alternatively, they may decide to bend the sleep cycles further, awakening for the Asian session and completing the market days early after the U. In all specialties, professionals focus their efforts on currency pairs that provide the most profit potential for their strategies.

This inevitably changes over time, forcing them to adjust market and sleep hours to manage profitability.

Trading screens are turned on soon after waking because currency markets are open and prices have been driven higher or lower during sleep hours. In addition, they always review exposure at the end of the market day in order to ensure that losses taken during the sleep cycle fall within the confines of their risk tolerance. They keep a detailed calendar of economic releases and central bank meetings that will impact their strategies, often foregoing sleep when a key meeting is set outside of their normal market viewing hours. Professional forex traders become lifetime students of worldwide economic and central bank policy, understanding that currency trends can turn on a dime when central banks shift direction, as they have many times since the economic collapse.

They examine the latest economic releases while having their first cup of coffee, adjusting stops, and exiting positions if needed. Time frame now comes into play because many professionals hold a large core of smaller-sized positions for longer holding periods.

This allows them to keep stops loose and away from predatory algorithms , which dominate modern markets. These efficient robot-traders predict price zones where retail stops are clustered and hit those levels during less active trading hours or in response to economic releases. Market day activity depends on current strategies. Professionals who manage a core of longer-term positions may be surprisingly inactive in a typical session, waiting for key price zones to come into play. Even so, these positions cluster around the hours of major economic and central bank releases, with the balance of the session set to observation rather than action mode.

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Professionals choose specific times to end their market days rather than letting circumstances and price action make those determinations. The New York lunch hour offers the most popular choice for local professionals because it also marks the close of trading on the European stock exchanges. The trading day ends with a performance and session review, noting characteristics that may impact future strategies and outcomes. Professionals also take note of economic releases scheduled for their off-hours, adjusting stops to account for the greater risk.

Finally, they take a last look at forex pairs not closely watched that day, checking for trading opportunities they may have missed. The hour forex grind can be tedious. So proper lifestyle choices are needed to build discipline and focus because this is what ultimately impacts the bottom line. The forex professional takes as much time working on relaxation and personal health issues as they do watching world markets.