The5ers Educational Center
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Commodities Behind the Scenes - Understand the price movement in the mid-term and long-term view.
Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market, and what strategy could be used to trade them. Where the commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold.
Ruben Abitbol overviews different commodities by explaining what factors can affect the commodities market, and what strategy could be used to trade them. Where the commodities markets stand right now, what can we expect in the future, and a case study during the pandemic covid - Oil and Gold.
Patience Pays Strategy, Wait patiently for this setup, and the forex market will pay you accordingly
The best traders know that patience is a virtue. This webinar will discuss a specific setup, which gives the trader all the tools to become consistently successful if only the trader is patient enough to wait for it.
The best traders know that patience is a virtue. This webinar will discuss a specific setup, which gives the trader all the tools to become consistently successful if only the trader is patient enough to wait for it.
Learn how to become an algorithmic trader without knowing anything about programming.
Learn how to become an algorithmic trader without knowing anything about programming. With the correct tools, you will be able to generate a diversified portfolio of trading systems that are 100% automated.
Learn how to become an algorithmic trader without knowing anything about programming. With the correct tools, you will be able to generate a diversified portfolio of trading systems that are 100% automated.
Shades of Success - The process to reach high-level trading in the forex market
Shades of success in forex trading It is an individual process of constant improvement that eventually brings a trader to reach a higher level of performance.
Traders tend to compare themselves and their results to other traders, hoping to achieve their performance, forgetting there are differences from one to another, such as:
Available time for trading, different trading sessions to trade (time zone), different strategies, risk tolerance, different character, skills, and more... all are factors that will determine the results and performance of every single trader.
There isn't one true definition for success when it comes to trading. Every trader needs to define what success means for him and what is the right path to obtaining it slowly.
This process is called "Shades of Success."
Shades of success in forex trading It is an individual process of constant improvement that eventually brings a trader to reach a higher level of performance.
Traders tend to compare themselves and their results to other traders, hoping to achieve their performance, forgetting there are differences from one to another, such as:
Available time for trading, different trading sessions to trade (time zone), different strategies, risk tolerance, different character, skills, and more... all are factors that will determine the results and performance of every single trader.
There isn't one true definition for success when it comes to trading. Every trader needs to define what success means for him and what is the right path to obtaining it slowly.
This process is called "Shades of Success."
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Trading The Non-Farm Payrolls (NFP)
All forex traders have heard the term NFP.
In this guide, we will dig deep into the NFP and how it makes the forex market move.
What is NFP?
The non-farm payroll (NFP) is a key figure released by the US Department of Labor that presents the number of new jobs created during the previous month. These jobs are associated with all non-agricultural businesses in the United States, and It is always released on the first Friday of every month.
The goal of the NFP report is to illustrate how much new employment was generated in the previous month, excluding seasonal jobs such as farming. This presents us with a number that can easily be compared month to month to understand the US economy’s status better.
How Does The NFP Affect Forex?
The NFP report is a significant indicator of the condition of the US economy. It's because jobs are the most important of every economy, and more job creation means a healthy and strong economy.
When jobs are created, it makes employers raise salaries, giving employees more money to spend. This boosts both GDP and inflation.
As a result, the NFP report is closely examined, particularly in forex markets, because the degree of job creation is directly related to interest rates. Interest rates are expected to rise if the labor market and the economy are both strong.
For these reasons, we frequently witness big changes in currency markets following the release of the NFP report.
Which Currency Pairs Are Most Influenced by The NFP?
Because the NFP data is a predictor of American employment in forex trading. The data release has the greatest impact on currency pairs, including the US Dollar, such as the EUR/USD, GBP/USD, or USD/JPY.
All forex traders have heard the term NFP.
In this guide, we will dig deep into the NFP and how it makes the forex market move.
What is NFP?
The non-farm payroll (NFP) is a key figure released by the US Department of Labor that presents the number of new jobs created during the previous month. These jobs are associated with all non-agricultural businesses in the United States, and It is always released on the first Friday of every month.
The goal of the NFP report is to illustrate how much new employment was generated in the previous month, excluding seasonal jobs such as farming. This presents us with a number that can easily be compared month to month to understand the US economy’s status better.
How Does The NFP Affect Forex?
The NFP report is a significant indicator of the condition of the US economy. It's because jobs are the most important of every economy, and more job creation means a healthy and strong economy.
When jobs are created, it makes employers raise salaries, giving employees more money to spend. This boosts both GDP and inflation.
As a result, the NFP report is closely examined, particularly in forex markets, because the degree of job creation is directly related to interest rates. Interest rates are expected to rise if the labor market and the economy are both strong.
For these reasons, we frequently witness big changes in currency markets following the release of the NFP report.
Which Currency Pairs Are Most Influenced by The NFP?
Because the NFP data is a predictor of American employment in forex trading. The data release has the greatest impact on currency pairs, including the US Dollar, such as the EUR/USD, GBP/USD, or USD/JPY.
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Nice sharing and advice bro. Those who want to success in forex trading must have their own strategy that comfortable to them.
Just keep doing till you find the good rhythm of your system. From there you will also build strength on your mindset when reading the chart.
How Patience Can Highly Improve Your Risk Management in Forex Trading. The5ers Class
In this class, Ruben demonstrated how good psychology enhanced good risk management. This is something The5ers analysts repeat many times. Risk management is the key to success in trading for the long term.
Being patient and waiting for your decision zone will considerably increase your risk-reward. Taking a trade a bit earlier will reduce your reward, or even worse, increase your losses by entering at a bad entry point.
Waiting for good timing is definitely not easy, but you will often have to let your trades go and move to another opportunity.
Risk management and psychology are inevitably connected.
In this class, Ruben demonstrated how good psychology enhanced good risk management. This is something The5ers analysts repeat many times. Risk management is the key to success in trading for the long term.
Being patient and waiting for your decision zone will considerably increase your risk-reward. Taking a trade a bit earlier will reduce your reward, or even worse, increase your losses by entering at a bad entry point.
Waiting for good timing is definitely not easy, but you will often have to let your trades go and move to another opportunity.
Risk management and psychology are inevitably connected.
Lucian S, 30 years old, From the United Kingdom.
Lucian has just successfully passed our Freestyle program. He made an amazing recovery from 14.21%. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.
From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.
For more forex trading insight, follow us on Instagram: @the.5ers
Lucian has just successfully passed our Freestyle program. He made an amazing recovery from 14.21%. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.
From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.
For more forex trading insight, follow us on Instagram: @the.5ers
Adam has just successfully passed our Freestyle program. He made an amazing recovery from -25.22% Drawdown. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.
From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.
For more forex trading insight, follow us on Instagram: @the.5ers
From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.
For more forex trading insight, follow us on Instagram: @the.5ers
Weekly trade idea on GBP/JPY.
Week: 16-20.05.2022
Weaker PMIs and Retail Sales for the GBP.
GBP has been producing some weaker data as of recently and I expect it to continue. The BoE have hiked their rates for a 4th time but have signalled there is less to come. A dovish hike and mixed data reports is giving a bearish tone for the currency.
JPY on the other hand has had a recent re-evaluation after the steep runs. Potential profit taking moving the market. Rising rates and the central bank's level of hawkishness could drive stocks lower, therefore driving the JPY higher.
Key Levels:
Bearish
Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and breaking lower lows as it moves.
Call to Action/Trade Idea
Wait for a pullback and a fair value price to enter short on this pair for the short term future.
Week: 16-20.05.2022
Weaker PMIs and Retail Sales for the GBP.
GBP has been producing some weaker data as of recently and I expect it to continue. The BoE have hiked their rates for a 4th time but have signalled there is less to come. A dovish hike and mixed data reports is giving a bearish tone for the currency.
JPY on the other hand has had a recent re-evaluation after the steep runs. Potential profit taking moving the market. Rising rates and the central bank's level of hawkishness could drive stocks lower, therefore driving the JPY higher.
Key Levels:
- Resistance 159.00
- Support 156.400
Bearish
Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and breaking lower lows as it moves.
Call to Action/Trade Idea
Wait for a pullback and a fair value price to enter short on this pair for the short term future.
Gordon S, 50 years old, From Canada.
Gordon has just successfully scaled up his account for the second time on our Freestyle program. He is now trading a $100K funded account on the Freestyle, He did it in only 6 weeks keeping 100% of the profits, and he is also funded a $40K account on the low risk.
His next mission on the Freestyle is to complete another 100 trades and keep a consistent performance to grow his Freestyle account to $125K.
His next mission on the low risk is to reach 10% of profit and double his funds to 80K.
For more forex trading insight, follow us on Instagram: @the.5ers
Gordon has just successfully scaled up his account for the second time on our Freestyle program. He is now trading a $100K funded account on the Freestyle, He did it in only 6 weeks keeping 100% of the profits, and he is also funded a $40K account on the low risk.
His next mission on the Freestyle is to complete another 100 trades and keep a consistent performance to grow his Freestyle account to $125K.
His next mission on the low risk is to reach 10% of profit and double his funds to 80K.
For more forex trading insight, follow us on Instagram: @the.5ers
Weekly trade idea on GBP/JPY.
Week: 23-27.05.2022
Weaker PMI's and Retail Sales.
GBP has been producing some weaker data as of recently and I expect it to continue. The BoE have hiked their rates for a 4th time but have signalled there is less to come. This idea has been forming for weeks now and the bullish power is clearly weakening.
JPY on the other hand has had a recent re-evaluation after the steep runs. Potential profit taking moving the market. Rising rates and the central bank's level of hawkishness could drive stocks lower, therefore driving the JPY higher.
Key Levels:
Bearish
Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and break lower lows as it moves.
Call to Action/Trade Idea
Wait for a break in trend line and a fair value price to enter short on this pair for the short term future.
For more forex trading insight, follow us on Instagram: @the.5ers
Week: 23-27.05.2022
Weaker PMI's and Retail Sales.
GBP has been producing some weaker data as of recently and I expect it to continue. The BoE have hiked their rates for a 4th time but have signalled there is less to come. This idea has been forming for weeks now and the bullish power is clearly weakening.
JPY on the other hand has had a recent re-evaluation after the steep runs. Potential profit taking moving the market. Rising rates and the central bank's level of hawkishness could drive stocks lower, therefore driving the JPY higher.
Key Levels:
- Resistance 161.300
- Support 158.800
Bearish
Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and break lower lows as it moves.
Call to Action/Trade Idea
Wait for a break in trend line and a fair value price to enter short on this pair for the short term future.
For more forex trading insight, follow us on Instagram: @the.5ers
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