Gitau Morris

A swing trader with two years of experience in forex trading focusing on currencies, metals and indices.

PSYCHOLOGY IN FOREX TRADING

PSYCHOLOGY IN FOREX TRADING

PSYCHOLOGY IN FOREX TRADING FOREX TRADING PSYCHOLOGY Recently, a friend requested I give a talk on forex trading psychology, needless to say it wasn’t necessarily a request. The matter was already decided, I had to assume the responsibility of preparing for the talk. I have spent the better part of January 2024 trying to figure […]

PSYCHOLOGY IN FOREX TRADING Read More »

DESIRE VS REASON

WHEN DESIRE TRUMPS REASON

WHEN DESIRE TRUMPS REASON When desire trumps reason, disaster ensues. Desire ; a strong feeling of wanting to have something. Reason ; the power or ability of the mind to think, understand, and form judgments logically.  A disaster is an event that results in great harm, damage, or death. Therefore, in summary, if Desire >Reason

WHEN DESIRE TRUMPS REASON Read More »

FOREX OUTLOOK 2024

FOREX OUTLOOK 2024

FOREX OUTLOOK 2024 Here are my thoughts on the forex outlook 2024. We have had multiple pairs showing signs of reversal and continuation. I will use supply and demand concepts to analyze where I think the market will head in 2024. GBPUSD On the monthly charts we have a long term bearish scenario. After a

FOREX OUTLOOK 2024 Read More »

2024 OIL OUTLOOK

2024 OIL OUTLOOK

2024 OIL OUTLOOK On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90

2024 OIL OUTLOOK Read More »

LIQUIDITY IN FOREX TRADING

LIQUIDITY IN FOREX TRADING

LIQUIDITY IN FOREX TRADING   Understand that for a trade to occur, there must be two counterparties; a buyer and a seller i.e. for every buyer, there must be a seller and the reverse is true. Liquidity is the ease with which one can convert an asset to cash without losing significant value. For instance,

LIQUIDITY IN FOREX TRADING Read More »

USDJPY CHART

FOREX WATCHLIST WEEK 47,2023

FOREX WATCHLIST WEEK 47,2023 As the year draws to a close, we are witnessing major shifts in structure across multiple pairs. Low liquidity is a prevailing phenomenon in Q4, therefore, exercise caution. USDJPY Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal

FOREX WATCHLIST WEEK 47,2023 Read More »

FOREX WATCHLIST WEEK 45,2023

FOREX WATCHLIST WEEK 45,2023 USDZAR In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted order flow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then

FOREX WATCHLIST WEEK 45,2023 Read More »

curious emoji

FOREX COPY TRADING

Forex copy trading is a modern approach to participating in the foreign exchange (Forex) market, offering individuals an opportunity to engage in currency trading by mirroring the strategies and actions of experienced and successful traders. This innovative concept bridges the gap between seasoned traders and newcomers, democratizing the world of Forex by allowing less experienced

FOREX COPY TRADING Read More »

Scroll to Top
Verified by MonsterInsights