Gross Domestic Product, 1st quarter 2019 (second estimate); Corporate Profits, 1st quarter 2019 (preliminary estimate)

| In ,
Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent. Full Text

Published May 30, 2019 at 08:30PM
Read more at bea.gov

Newbies: A Simple Trick on How to Detect Forex Scammers

| In
Image result for fight scam
THE TRICK: Always check the offer, regardless if it's free or not. The most important thing to know is if someone offers you to learn Forex Trading and saying that you will not lose your money. Wow. The offers are sometimes in the form of free seminars, webinars, books, ebooks, consultations, etc. They will surely convince you to open a LIVE account right away. They are just after the trade commission.

To check if the training is legit if the teacher will not allow you to go live yet and tells you that you need to achieve at least 100% profit or more if you choose to, with your demo account before you go live. It means that the teacher will teach you the right thing. Remember this.

Real Personal Income for States and Metropolitan Areas, 2017

| In ,
Real state personal income grew 2.6 percent in 2017, after increasing 1.5 percent in 2016, according to estimates released today by the Bureau of Economic Analysis. Real state personal income is a state's current-dollar personal income adjusted by the state's regional price parity and the national personal consumption expenditures price index. The percent change in real state personal income ranged from 4.5 percent in New York to -1.3 percent in North Dakota. Across metropolitan areas, the percent change ranged from 14.8 percent in Midland, MI to -5.9 percent in Enid, OK. Full Text

Published May 16, 2019 at 08:30PM
Read more at bea.gov

Simple Reasons Why You Need A Good Trading Plan

| In ,

Image result for seminar


1) Entry Plan - there's only 1 good reason for having a working entry plan, which is to make the profit faster. If you have a good entry plan with more than 50% winning rate but not more than 60% (to tell you the truth it is very rare to have an entry plan that hits more than 60% rate in the long-term) that will make your profit more than 50% faster. When the price moves in favor with your open positions, there's no problem with that. You will simply profit. But there's another side of the story when your trade goes south. This is really the point where you need a good trading plan. How you will handle the floating negative profit.

2) Money Management Plan / Lotsizing - this helps a lot. but MM is not only about the calculation of the risk to have a good lotsize then you use stop loss, or hedging or grid. It is a plan about the logic of the mathematics of lotsizing that will make you able to escape a losing trade. So MM is somehow a part of the exit plan.

3) Escape Plan - all your plans above are all useless if you don't know or you can not imagine how to end the losing trades. So before entering a trade, it should be clear to you how to escape if the trade is losing. If your exit plan is just a guessing game to you, then you are gambling no matter how good the analysis that you use on your entry plan and MM plan. There are many tricks available to exit a losing trade. You can actually find them on the internet but how to exactly use them is another story. No one really tells how. In my upcoming book (or ebook, I haven't decided yet on this) I will tell you secrets (yes contrary to what people are saying that there's no such thing as secret strategies. they really exist but they are not magic wands. they just make the direction of your trades clearer than before) or high-probability-rate principles so you will know your escape plan. The book (or ebook) will be released in the 4th quarter of 2019. PRE-ORDER IS CLOSED.

Bonus: I will conduct a one huge webinar FREE to all who pre-ordered the book. It is not free for those who didn't pre-order the book. But you can pay if you want to attend this webinar. I will be discussing one important part of the book. A complete working trading plan and the logic behind the GABot Expert Advisor that my inner circle has been using for almost 2 years now. The webinar is called DEFENSE TRADING PLAYBOOK. The schedule is on June10, 2019.

Click here to register:
https://fxfledgling.blogspot.com/p/defensive.html?m=0