Exclusive EUR/USD Analysis 09.01.2017

EUR/USD Consolidation in Progress

Low NFP but good wages and full employment boosted the USD on Friday. The EUR/USD has been rejected from its highs as presumed and currently it is consolidating in 1.0620-1.0450 range. Consolidation is also confirmed by low ATR for the last 14 days. 1.0610-20 is the interim resistance and should still reject the upside. However should it break the EUR will proceed to 1.0650-70 POC zone (Historical sellers, complete fib retracement of the last swing). Targets are 1.0500 and 1.0465. So from intra week perspective, traders should be focused on 1.0610-20 rejections and if the zone breaks then next selling zone is 1.0650-70.

EUR/USD Chart
EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive GBP/USD Analysis 27.12.2016

GBP/USD Bullish Divergence in Progress

The GBP/USD is showing regular bullish divergence close to the important support at L4 weekly camarilla pivot. The lack of action during and before holidays has led to a consolidation period indicated by the symmetrical triangle. However, we can spot a possible sign of reversal should the pair stay above 1.2225. POC zone comes within 1.2245-55 (triangle lower trend line, L3, bullish order block) and we could see a spike leading to 1.2293 followed by 1.2310. 1h momentum or 4h close above 1.2310 should test 1.2340. Traders should beware of thin liquidity during holidays and if the price goes below 1.2225, a retest of 1.2200 is possible.

GBP/USD Chart
GBP/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive EUR/USD Analysis 19.12.2016

Trading slowly enters in a holiday season mode so we might see some illiquid volume. In spite of inflation moving higher and some improvements in the EU zone economy in Q3, the pair is still being sold on rallies so that is the safest route to go. Zig zags are easy to spot as the pair goes with easy to spot lower high, lower low pattern. POC zone (50.0, H3, bearish order block, X cross ™) comes within 1.0505-20 and we could see a rejection within the zone towards 1.0366. Trading within the zone could be possible so we might have some end of day swings. However if 1.0360 is broken with a high momentum (marubozu) or we see a 4h candle close below 1.0360 then 1.0280 is possible.

EUR/USD Chart
EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive EUR/USD Analysis 12.12.2016

EUR/USD Still Under Pressure

The extension of ECB’s QE program pulled down the EUR/USD towards 1.0500 support. The ECB Quantitative Easing purchases per month were decreased from EU80Bn to EU60Bn and the market was looking for the cues of an eventual end of the QE, that didn’t happen.

Technically the EUR/USD is retracing up the trend line towards POC zone (61.8, EMA89, bearish order block) 1.0620-40. Retracement is supported by a regular bullish divergence at 1.0525. The POC zone could provide rejection and the EUR/USD should retest 1.0500 zone should 1.0680 holds. Traders should also pay attention to 1.0602 as it is an interim resistance. If the pair rejects from H4 or POC zone the targets are 1.0550 and 1.0525. 4h close or 1h momentum below 1.0525 target 1.0505 and 1.0455.

EUR/USD Chart
EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive GBP/USD Analysis 05.12.2016

GBP/USD Bullish above 1.2500

GBP/USD Chart
GBP/USD Chart

The GBP/USD behaved exactly as planned during early Monday trading as we suggested on our webinar regarding Italian referendum. The cable is still ranging with slightly bullish bias as Services PMI came better than expected. From a technical view we have 2 order blocks. The first order block is significant for short term traders and scalpers (1.2695) as the price could bounce on a subsequent retest. Positional traders and swing traders should watch for POC within 1.2545-60 zone (L4, EMA89, bullish order block). As long as the price is above 1.2500 it is confined by the bullish range. The target is 1.2750. Above 1.2750 we could see 1.2825, H3 camarilla weekly pivot.

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive GBP/USD Analysis 28.11.2016

GBP/USD Month End Flows Have The Strong Impact on The British Pound

The GBP/USD is going up strengthened by the good Autumn forecast statement and Second Estimate GDP. Additionally, we saw USD weakening as there could be a possible vote recount in Michigan, Wisconsin and Pennsylvania. But earlier today EUR/GBP demand tanked the GBP strongly. Seems like Bundesbank has been buying EUR/GBP around month ends so we might assume sell into rallies on GBP/USD might continue.

From a technical perspective we see a strong bearish pressure where 2 trend line have been broken. POC1 1.2420-35 (L4, trend line, bearish order block) and POC 2 1.2440-55 (trend line, L3, EMA89,DPP) could reject the price on a retest towards 1.2360. Break below 1.2360 targets 1.2300. Sell on rallies is still the valid option especially when we assume that the strong bank might be behind the move.

1
GBP/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive GBP/USD analysis 21.11.2016

GBP/USD Giant Head and Shoulders looming on 4H charts

The GBP/USD recent data has been mixed. While retails sales data came better than expected, core CPI was worse than expected. I think the GBP/USD may be ranging at this point as sell the rallies scenario is still dominating the pair.

Technically, we can see a giant Head and Shoulders pattern on 4h time frame and clear POC zone signals sellers could appear. POC (H3, WPP, neckline, descending trend line, EMA89, 50.0) 1.2395-1.2415 could reject the price if we see the retracement to the upside towards 1.2300. However if we see bearish continuation without any retracement then pay attention to 1.2300. Strong H1 momentum or 4h close below 1.2300 should target 1.2255-33 zone. Only above 1.2500 ( Xcross ™) bulls might region a temporary control.

GBP/USD Chart
GBP/USD 4H Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive EUR/USD Analysis 14.11.2016

EUR/USD Weakness Should Continue

USD strength after Trump’s win on election, continues to dominate the market. US Dollar Index is rising, EUR/USD is falling as hopes for the Donald Trump’s promise that he will ditch current policy in favor of a high-spend, low-tax regime are going strong.

The EUR/USD finally hit 1.0800 flat and below and is currently targeting 1.0749 and 1.0596 if we see a 4h close below 1.0700. The pair is riding the descending trend line, and that is the indication of a strong trend. In case of retracement for a new short entry, pay attention to 1.0870-85 (previous breakout point, bearish order block) and 1.0985-1.1100 on a deeper retracement (H3, WPP, EMA89, X cross ™. Targets for short trades in case of retracement are 1.0800, 1.0722 and 1.0596.

EUR/USD Chart
EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive EUR/USD Analysis 07.11.2016

EUR/USD Riding The Descending Trend Line

USD strength was witnessed over the Asia session earlier today as the FBI cleared Clinton on the email issue.  Weaker than expected Factory Orders in Germany has lead to some weakness in the EUR.  I expect USD strength to continue against the EUR, however, by mindful that the US elections are tomorrow, and any hint that Trump could win the primary votes could send the USD lower again.

Technically any pre election risk off sentiment could spike the price up, but generally speaking POC zone is a good spot for possible new shorts. 1.1075-1.1090 (WPP, EMA89, L3, trend line, symmetrical triangle lower boundary) could tank the price again towards 1.1039 (bullish order block-historical) and 1.1025. The pair is currently riding down the trendline and any 1h momentum or 4h close below 1.1020 could further weaken the pair towards 1.0985 and 1.0930.

US election is getting very close and in the case of USD weakness watch out for 1.1135 breakout to the upside towards 1.1190.

EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive EUR/USD Analysis 31.10.2016

EUR/USD Cross Looming at Support

The week ahead will be full for US dollar from ISM manufacturing report to NFP data. Friday profit taking made some retracement in EUR/USD but again, we need to take it in the context of downtrend. If we consider historical sellers as always important factor in technical analysis, we will see that EUR/USD is attempting to reach the zone that is marked on the chart as POC.

POC zone comes within 1.0988-1.1018 (88.6, H3, trend line, historical sellers). First target is 1.0945. Should EUR proceed lower 4h close or 1h momentum below 1.0895 is needed for another retest of 1.0850. Break of 1.0850 aims for 1.0830-00. Any dollar news will also reflect on the pair so pay attention to this week’s calendar too.

EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive GBP/USD analysis 25.10.2016

GBP/USD Historical Sellers are Close

The GBP/USD trading has been normalized and as I already explained, it is much safer to sell on rallies. Last week we saw some retracement which was again sold into so POC zones could come in play again. 1.2250-60 is the closest POC zone (inner trend line, 50.0, H3) that makes a confluence with historical sellers (purple rectangle). Rejection from the zone targets 1.2200 and 1.2170. Only if we see a 4h close below or h1 momentum below 1.2170 the scope for 1.2130 will be open. Usually on Mondays we have some false trends shaping up so any up-move should be watched as a retracement in downtrend.

Pay attention to 1.2285 because the price should be ideally below it else it might breakout to 1.2315.

GBP/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive EUR/USD Analysis Oct 18 2016

The EUR/USD has been sold on rallies as I suggested on my previous article. It was very clear that bears are having the upper hand now and this should continue in this week. Daily chart is showing signs of further weakness as we can spot strong momentum candle (marubozu). For positional trades we always want to have a better price to sell/buy so for next shorts we have 2 possible POC zones. POC1 comes within 1.1030-45 zone (H3 weekly camarilla, WPP, bearish order block). Should retracement go deeper we need to pay attention to POC 2 1.1095-1.1110 (H4, bearish order block, EMA89). Rejection off POC zones will target 1.0950 and 1.0905. If we see no retracement, then we will need to pay attention to 4h candle close below 1.0950 that might tank the pair to 1.0905. 4h or daily close below 1.0905 targets 1.0840.

EUR/USD Chart
EUR/USD Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

Exclusive EUR/USD Analysis 11.10.2016

EUR/USD Bearish but Trapped in a Running Triangle

The absence of any important data today, bank holidays in USA and Canada might be an excuse for potentially slow price action on major crosses, especially EUR/USD. EUR/USD aka “the fiber” is slowly moving down, trapped within a symmetrical running triangle and currently it is in no man’s land. I don’t expect that ECB will consider a change to interest rates anytime soon and that will cap the fiber upside.

This week’s most important data is German ZEW economic sentiment on Tuesday. From technical perspective we see two important points. X crosses ™ of 61.8 and 23.6. If the price breaks 1.1215 it might break the series of lower highs (purple rectangles) and proceed towards 1.1245 and 1.1280. However after  price broke below 1.1145 it should aim for 1.1100 and 1.1060. I am a bit more bearish on the pair but in the absence of clear POC zones for positional trades, we might trade to watch for breakout setups.

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive EUR/USD Analysis 04.10.2016

EUR/USD Bears Are Under Control

The absence of any important data today and NFP on Friday could bring EUR/USD down. In addition to that the solvency of DB is likely to impact the Yen pairs, which seem to have strong correlation with Equities, in particular, the risk-off and risk-on volatility across German Equities.

Technically the pair is showing bullish daily candle but we should not be deceived as it might be just a profit taking candle on Friday and institutional traders might start to sell the pair from POC zone 1.1248-60 (61.8, trend line, historical sellers). Rallies might be used for another sell off towards 1.1200 and 1.1170-50. 4h close or H1 momentum below 1.1150 should target 1.1100 zone.

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive GBP/USD Analysis 26.09.2016

GBP/USD bearish zig zag  continues

The GBP/USD is expectedly dropping from 1.3120 zone but it is getting close to its support at 1.2914. 1 hour momentum below or 4h close below 1.2914 could tank the pair towards 1.2870 where further weakness could open the door to 1.2785. ATR shows a confluence at 1.2870 so this is the first level to watch if weakness continues. POC zone shows where the cable could sell on a retracement. 1.3015-40 is the zone (H3, EMA89, trend line, historical sellers, 61.8) where GBP/USD could reject towards 1.2870 if we see a retracement to the upside.

Either way, cable is bearish and these are 2 possible scenarios in short term.

GBP/USD Technical Analysis Chart

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets.

Exclusive EUR/USD analysis for 12.09.2016

EUR/USD W pattern confluence

The EUR/USD is currently in uptrend that had its fundamental spark from mr.Draghi stating that he would not discuss QE at this point. ECB failed to deliver any cues about new stimulus.

After some profit taking on Friday we can see that EURUSD has made a W shaped pattern on 4h time frame (blue rectangle) and is supported by POC (78.6, EMA89, trend line, inner trend line, W pattern, WPP). The zone is wider due to strong momentum marubozu candle 1.1180-1.1210. If the EURUSD retraces in the zone we should expect a bounce. If it doesn’t retrace then 1.1282 could be a direct re-test before 1.1326. Only if we see a break of 1.1330 with a 4h candle above it 1.1420 will be the target. For the bullish scenario to remain valid, 1.1125 should hold.

exclusive12-09-2016

Daily technical analysis is written by Nenad Kerkez, a senior analyst at Admiral Markets

EUR/USD Analysis for the Week of September 05, 2016

The EURUSD has spiked on bad NFP report, but subsequent profit taking during Friday trading tanked the pair down. The main event of the week is the ECB meeting that is scheduled for Thursday, 8th of September. The meeting should provide clues regarding future monetary policy.

Technically, the pair is in a range bound mode after the breakout of M 1 2 3 bearish pattern (blue rectangle) and inner trend line (red). Two most important levels are 1.1115 and 1.1250. If we see a 4h close or strong H1 momentum candle above 1.1250, the price should test 1.1292 followed by 1.1340. If we see a drop below 1.1110, there is a possibility for 1.1045 and 1.1020.

Short term traders/scalpers should pay attention to 1.1205-10 possible short trades as the zone is showing a good confluence (historical sellers, 50.0, EMA89) for fresh selling.

EURUSD Chart

This technical analysis is written by Nenad Kerkez, a senior analysts at Admiral Markets

 

Exclusive EUR/USD Analysis 23.08.2016

EUR/USD might form head and shoulders

The EUR/USD has been rejected from the 1.1366 and at this point it is within POC zone 1.1266-80 (Trend line, EMA89, 78.6, WPP, L3) and it could be make it or break it for EURUSD. Currently the pair is in uptrend retracement so the spike for POC zone might target 1.1322 where the rejection from 1.1322 will be a sign for head and shoulders pattern unless 1.1322 is broken to the upside where the target will be 1.1382.

A drop below 1.1266 should target 1.1239 and below 1.1206.

EUR/USD might form head and shoulders

Daily technical analysis is written by Nenad Kerkez, a senior analysts at Admiral Markets.

Brexit – Things You Need To Know

On Thursday June 23, British voters will choose whether they prefer the United Kingdom to leave or remain in the European Union.

It’s an extraordinary and historic decision due to the significant long term implications for the U.K, Europe and even the world.

Why is the Brexit referendum special?

The British government is asking its citizens for advice on its European and global role.

Leaving the E.U. would lead to an independent but smaller role in European and global affairs.
Staying indicates keeping influence on a more powerful E.U. entity from within, but without full independence.

Both camps offer pros and cons on dozens of factors like commerce, finance, politics, migration, security plus agriculture.

What are the real pros of staying?

The key points of the “stay” camp often refers to positive developments for the economy, trade, European stability and security.
The pro E.U. side highlights that the British economy would be positively impacted if the U.K remains in the E.U. They also:
1. refer to the many jobs connected to the E.U. and high levels of trade.
2. indicate that leaving the E.U. is less beneficial than the leave camp suggests, because the U.K. could lose access to the large neighbouring European markets.

Access can still be reached after Brexit via paying tariffs of course – but with a negative impact on GDP, Or by agreeing to a new E.U. trade deal – but most likely via abiding to E.U. regulations, without influencing them.

What can the Brexit proponents offer?

The “leave” camp point to, among others, the ability to:
1. keep the British Pound.
2. pay no or less E.U. bureaucracy and contributions.
3. control borders and migration.

They also emphasize the loss of democratic control over their own country due to E.U. structures that supersede the importance of national governments and lack control of an electoral system.
The voters in favour of leaving also indicate that they do not expect any serious change within the E.U, regarding its internal regulations and decision making process.

What are the most realistic predictions?

The number of variables is vast and unpredictable, which makes any forecast exceptionally complicated.
The murder of parliament member Jo Cox last week, who opposed Britain’s exit from the European Union, influenced public’s opinion over Brexit debate.

However, some aspects do seem likely such as:
1. Brexit would give the British voter more influence on national policy.
2. a close stay vote would signal E.U. fatigue.
3. negotiations between the U.K. and the E.U regarding a post Brexit cooperation will be complex and tough, but the E.U might have a stronger negotiating position due to its size.
4. both cannot fully avoid cooperation due to their geographical proximity and participation in Nato.

Other developments remain speculation and are difficult to assess.
The latter includes things like future E.U. exits of other member states and potential E.U. instability or even E.U. collapse.

How will the markets respond and what can you do?

Our expectations are that:
1. no immediate rate hike will occur by the US Fed, during a risk-off environment caused by Brexit
2. the Gold price may potentially increase as it’s a defensive asset, along with purchasing Bitcoin
3. a risk-on or neutral sentiment may prevail if the U.K. decides to remain in the European Union.

Top trading tips for this week

1. Markets could be very volatile, so reduce your position size or avoid trading altogether.
2. Invest in risk-off currencies such as long trades in the JPY and assets such as Gold (if it aligns with your system), using Stop Losses and realistic Target Profits.
3. Consider buying high grade Corporate Bonds or Sovereign Bonds, as these prices increase with more demand.
4. Consider investing in Bitcoin, as it’s known to appreciate during risk-off.

And in case we miss anything in this discussion, please feel free to ask us questions directly via twitter using this hashtag: #AMBrexitFAQ
You can also visit our live webinar about Brexit, for further explanation around the event.
Cheers and safe trading,
Nenad and Chris

Top Forex traders

We all know that the number of successful Forex traders is quite low. In fact, there is about one profitable Forex trader for every ten people who trade Forex.Why would people trade currencies if most of them are unprofitable?

The reason is simple.

Because there are traders who are successful and everyone hopes to become such a trader one day.

Nowadays, there are many people who like to call themselves successful. Most of them are looking for ways to demonstrate significant returns over a short period of time. Naturally, this sounds great, but it’s also risky and dangerous.

This is why the traders who can really call themselves successful not only generate profits but also retain those profits and even multiply them.

Forex is a big market and it has many participants. Even though most of the volume is generated by the institutional clients, there are some very talented individuals who took the world of foreign exchange by storm.

In this article, we will give overview of the three most Forex successful traders, explain their backgrounds and the rationale behind their trades.

Best Forex Trader in the World

We probably don’t have to explain who George Soros is.

But just to remind you, we’re talking about the most successful trader in the world. He is also known as “the man who broke the Bank of England” because of a single $1 billion transaction he made.

Graduated from the London School of economics, the man surely knows how to multiply investment. He started his career with the Quantum Fund, founded in 1969. The company conducted many profitable operations under George’s supervision. His company’s profit equalled McDonald’s annual income on in 1996.

However, the most lucrative accomplishment of George’s career came from his Pound Sterling trade. He was declared as the one of the most successful traders in currency market in 1992 when he gained a net profit of $2 billion within the space of  just a month.

Like many successful people whose secrets are sought after, George wrote many books. he revealed the nuances of his trading in the book about investment philosophy, Alchemy of Finance. It proposes his theory of so-called reflexivity that helped him to attain success.

This book is said to be read by almost every stock market person – and for good reason.

George Soros Secret of Success

The secret of George Soros’s success is not in the books he wrote. Basically, there is no theory that describes the working of the stock market.

His theory of reflexivity is really what makes him stand apart. He eloquently summed it up during his interview in John Train’s The new Money Monsters:

“My approach works not by making valid predictions, but by allowing me to correct false ones”.

Also, some traders who have worked with Soros can provide a more detailed and relevant understanding of the  Soros investment strategy.

According to a former Soros Chief Investment Officer James Marquez, the strategy of Soros can be described as totally impulsive actions. Most of them are odd and against the rules: he sells at low rates and buys at high.

This only makes sense combined  with his one-line mission statement: “to be able to come and fight another day”.

Another CIO of George Soros, Alan Raphael, disclosed that Soros never argues. When he is wrong, he just gets it out there and accepts that he’s wrong.

After that, it’s time for self-reflection.

Trading strategy of George Soros

Conventional traders don’t admit their bad investment decisions. They keep reminding themselves that it will eventually turn out to be a good one to keep in a long-term investment.

The question is, how  the approach of Soros can be applied to individual trading and investment strategy? Just take a look at Soros’ vision of a practical strategy.

  • Putting aside all hypotheses and theories that claim an understanding of markets work, being lucrative in the market has much more to do with apt wayouts and trade size.
  • You have to determine a strategy that makes sense instead of relying on hypocritical successive decisions.
  • Place your exits and position-sizing strategies before making a choice, no matter how appealing it is.
  • And finally, no matter how bad it gets, keep yourself calm and rational.

Even when it’s laid out like that, Soros’ story reads like a fine book. If you are looking to learn from the best, certainly take a look at what Soros has to say about the market, trading and about life in general.

Soros is certainly leading the list of the most successful FX traders in the world, but let’s see who else is on the list of successful personalities.

Two of the most successful Forex traders

Even though Mr. Soros in undoubtedly a great Forex trader, let us take a look at the other two traders who made it to the list of top Forex traders. A thing that these traders have in common with Soros is that all of them actually weren’t just simple retail traders, but rather they were managing their own trading companies.

As such, we can see that the best Forex traders are not only smart people but also great managers. Their success comes from the fact that they are able to generate great ideas and make other people believe in these ideas.

Bill Lipschutz

Lipschutz attended Cornell University where he received a bachelor’s degree in fine arts as well as MBA in finance. During college, he became interested in financial trading after he inherited around 12 thousand dollars of stocks after his grandmother’s death.

He invested the inherited money in the stock market, turning the initial 12 thousand dollars into over 250 thousand. This victory was short lived, sadly, as he lost it all with one bad move accompanied by bad stocks.

He considered this unfortunate happening a learning experience and didn’t let it get him down.

While still in college, Lipschutz began working as an intern at Salomon Brothers. Soon after graduating and joining the company full-time, he became part of their foreign exchange department. The Forex markets skyrocketed at this time as well, and he ended up becoming head of the department.

He was making Salomon  Brothers 300 million dollars a year by 1985. In 1989, he was promoted to Managing Director and Global Head of Foreign Exchange. His success only grew from there, as he became the CEO of and president of North Tower Group. He founded his own asset and management firm, Rowayton Capital Management, and was its president and CEO until 1995.

Bill Lipschitz has been regarded as one of the most successful traders.

John R. Taylor Jr.

After graduating from Princeton University, Taylor went on to become a political analyst for Chemical Bank. Just a year after working at the company, Taylor had a wonderful opportunity to gain experience and connections in the Forex business he would soon dominate. He became the bank’s forex analyst, which inspired him to become more deeply involved with forex trading.

He went on to build his own company in the industry, FX concepts. FX concepts is a currency management firm that has seen great success since its start. Taylor is also credited with being a pioneer in computer-aided forex trading.

The highly successful Forex trader is also the designer of the first ever computers made to assist multinational companies in Forex-related affairs. As if that wasn’t enough, Taylor co-founded Inspiration Biopharmaceuticals, Inc, has published many investment management journals and provides investment advising on a daily basis.

Are there more successful Forex traders?

Indeed, there is a large number of successful traders.

In general, the success of Forex traders is measured by how reliably can they generate extraordinary profit. This profit does not necessarily be calculated in billions or millions, too. If your skills allow you to regularly generate a few thousand USD per month through trading Forex, you would be a good fit in our list.

An important thing to keep in mind is that successful Forex trading will result in profits. When profits add up, they let you generate more opportunities from the market. In other words, success is not some point in your trading career, it is rather a journey of becoming a better trader than you used to be the day before.

And like with any journey, it begins with a single step.

This article was written by Nenad Kerkez from Admiral Markets.