The5ers Educational Center

[The5ers]

Weekly Forex Forecast Mar 20 - 24, 2023

In today’s session, we reviewed the large amount of high-impact events scheduled for this week, including interest rates in the UK, US, and CHF.

Gold broke a key resistance level and headed toward 2040 prices.

We managed a position on EUR/USD, currently in DD, and explained the plan in case it goes against or in favor.

For more information about the largest traders event in 2023, go to tradersday.live

We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 

[The5ers]

Eugene J, 48 years old, From South Africa.

Eugene has successfully passed the instant funding program and is now one of The5ers-funded traders, trading on a $40K low-risk account.

His next mission is to reach 10% of profit and double his funds to $80K.

We spoke with Eugene about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

• Tell us a little bit about you.
  I’m a South African who grew up in a small town called Vryheid – translated to English, which means “Freedom.” After school, I tried university for a year and failed. Those years studying law meant you had to master Latin, and I simply couldn’t! After picking myself up, I got involved in marketing and sales in the South African textile industry. This was my home for 11 years until the industry collapsed due to cheap imports. Two or 3 failed jobs in different industries eventually led me to online trading in 2012. I blew a few accounts but persisted and eventually became profitable. Now I’m grateful to be able to do this full-time with The5%ers! I am married to Sonja, have a Persian Cat child named Chewy, and we stay in Pretoria.
• How long have you been trading?
  Since 2012 – 11 years. I am a full-time trader.
• Briefly describe your Trading Plan and how it contributes to your success.
  I trade a “hybrid” supply and demand strategy. I adapted a few strategies I found online to “fit my eyes.” You have to “see” the chart before opening trades. I always use a stop loss, and I’ve learned to be patient – let the trade come to you. It is a good idea to journal your trades and review your losing trades – that is the only way to become a better trader.
• Please share with us a challenge you faced in your trading career and how you overcame it.
  I was blowing quite a few accounts by copy-trading or using trading signals. I realized I was the only one responsible for my trading success, so I decided to take hold of my trading and not “give it away” to someone else. You have to master your own strategy. It is solely your responsibility.
• How did you adjust risk management to your trading personality?
  I use a fixed stop loss and don’t change it. If it hits the stop loss, I move on to the next trade. During the early years, I either moved the stop loss or did not use one at all. Bad idea!
• Describe a key moment in your trading career.
  During a webinar hosted by a previous Goldman Sachs trader, he showed his stats – he has a win rate of only 65%. I realized then I do not and cannot be profitable at all times. So instead, let your winning trades run, cut your losers short and focus on sound risk management.
• How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?
  Quite a few years, to be honest. I had to accept losing trades and had to implement a strong risk management strategy. Trading can be lonely, but you have to accept that to be successful.
• What is your mental/psychological strength, and how did you develop it?
  I’d say to silence the voices of the world around you, especially on Social Media. You must learn to say “No!” and focus on your plan and goals. This isn’t easy because sometimes you want to please others, especially those you love. But your success is your responsibility alone.
• What was your strategy to successfully pass The5ers’ First Level?
  A “hybrid” supply and demand strategy. One I developed to make sense of chart patterns. Not all people see charts the same.
• How is trading for the5ers different from trading by yourself?
  You meet other traders, have great in-house resources, and it feels like a family I belong to. Trading only on your own can be extremely lonely.
• What would you recommend to someone who is just starting with us?
  Develop your own trading strategy, never copy trade or use trading signals and use a stop loss that is part of a defined risk management plan. Also, become part of the family.
• Would you like to share anything else with us?
  Never give up! You will be successful if you continue investing time in your trading journey by consistently studying worthwhile content.

For more information about The5ers, visit the5ers website

For more information about the largest traders event in 2023, go to tradersday.live

 

[The5ers]

Weekly Forex Forecast Apr 3 – 7, 2023

In today's session, Michael Katz, Trade the Pool CEO, explains how to build a position with the right risk approach while creating scenarios for the asset you want to trade.

He gave some tips and tricks/tools to understand when the market should shift its direction.

Michael analyzed the USD/JPY and the US indices and shared his experience on how to read the market.

For more information about the trading festival of the year, go to tradersday.live

We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 

[The5ers]

Weekly Forex Forecast Apr 10 – 14, 2023

In today’s trading room, we analysed the Gold and the major forex pairs and Indices.

As uncertainty remains in the stock market, we see money going into Gold, which recently broke the 2000 level.

Technically, the break out of the level looks solid, but very soon, meeting an old supply.

Overall, we see a very rangy market with sideways movements.

CPI on Wednesday is expected to come lower, which indicates less inflation and less demand for USD

For more information about the trading festival of the year, go to tradersday.live

 

[The5ers]

Weekly Forex Forecast Apr 17 – 21, 2023

In today's trading room, we analyzed the fundamental events to expect this week.

We spoke about the trading festival event in June and how it will improve the trader's skills.

We see a slight strengthening of the USD against other currencies, and we attempted to follow a setup from the audience and short AUD/USD.

Don't miss the trading festival of the year and Get A FREE Trading Account On The Event Day: Traders Day LIVE - The Biggest Educational Trading Conference

 

[The5ers]

Weekly Forex Forecast Apr 24 – 28, 2023

In today's trading room, we analyzed the major pairs to look for long-term setups.

We found an interesting level on CAD/CHF, as it is trading at historically low levels. In many cases, we tend to see governmental interventions to reverse these markets.

We established a bearish bias on gold, as it formed a divergence pattern on the daily charts and bearish strength on the hourly timeframes. Based on that, we took a profitable short scalp on gold.

Don't miss the trading festival of the year and Get A FREE Trading Account On The Event Day: tradersday.live

 

[The5ers]

Weekly Forex Forecast May 1 - 5, 2023

In today's trading room, we discussed some of the setups from last week. We see how CAD/CHF started forming higher lows and higher highs, which could be a sign of trend reversal.

We also took a long position on GBP/JPY and a short scalp on GOLD, both successful.

We extend an invitation to a special webinar tomorrow to discuss how to scalp properly.

Join Us For The Trading Festival Of The Year Buy A Ticket Before May 14 and participate for $2.5M in prizes.: tradersday.live

 

[The5ers]

Kaci has successfully passed the Bootcamp Program and has already succeeded in gaining 5% and receiving more funding.

She is one of the The5ers-funded traders, trading a $125K Bootcamp-funded account.

Her next objective is to reach 5% profit again to scale up her account to $150K.

We spoke with Kaci about her trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

Join Us For The Trading Festival Of The Year Buy A Ticket Before May 14 and participate for $2.5M in prizes.
For more information check tradersday.live

 

[The5ers]

Weekly Forex Forecast May 8 - 12, 2023

In today's trading room, we found AUD strong against other currencies and USD weak against most currencies.

We found a potential long-term sell opportunity on GOLD and attempted to scalp GOLD resulting in a small loss.

We spoke about the trading festival next month. Only 4 days left to take advantage of a 20% discount on all tickets and compete for $2.5M in prizes.

Join Us For The Trading Festival Of The Year Buy A Ticket Before May 14 and participate for $2.5M in prizes.: tradersday.live

 

[The5ers]

Weekly Forex Forecast May 15 - 19, 2023

In today's trading room, we scanned the markets and found a slightly strong bias on USD.

Major pairs like GBP/USD, AUD/USD, and EUR/USD show some strong movements to the downside.

We review a trade from last week on GOLD and CHF, both profitable.

Join Us For The Trading Festival Of The Year Top Traders, Competitions, Gaming, Lunch & Beer: tradersday.live

 

[The5ers]

Weekly Forex Forecast May 22 - 26, 2023

In today's trading room, we analyzed the current trends in Gold and the US Indices during our discussion. It was observed that Gold has recently experienced an overextension and has been unable to establish a new high. As a result, it is anticipated that Gold will continue to decline in the coming weeks.

The US stock market is expected to demonstrate limited movement throughout the remainder of 2023. The market has been characterized by a range-bound behavior, primarily due to prevailing uncertainty.

In terms of the EURUSD currency pair, it is currently trading within the standard range observed in recent years.
Furthermore, Ruben executed a short scalp trade on the SP500 at market opening.

Join Us For The Trading Festival Of The Year Top Traders, Competitions, Gaming, Lunch & Beer: tradersday.live

 

[The5ers]

Weekly Forex Forecast May 29 - June 2, 2023

Despite the limited market activity during Memorial Day, we have taken the opportunity to formulate a forecast for the upcoming week. The US indices have experienced an upward trend primarily driven by the growing influence of artificial intelligence (AI). As a result, the market anticipates a promising future and expects enhanced efficiency for companies leveraging these emerging technologies. However, from a technical standpoint, certain weaknesses are evident in the market, which could potentially create selling opportunities throughout the week.

Turning our attention to the EURUSD currency pair, the price has arrived at a significant key zone, indicating the potential for an upward push following an extended bearish trend observed over the past few weeks.

Lastly, the gold market presents favorable buying prospects as it currently resides within a demand zone. This provides an attractive opportunity for investors seeking to enter the market.

In summary, based on our analysis, the US indices exhibit signs of weakness, while the EURUSD pair shows the potential for an upward movement, and Gold indicates favorable buying opportunities within the current demand zone.

Top Traders Lectures, Contests, Gaming, and Beer on June 17, London Don't regret missing this event: tradersday.live

 

[The5ers]

Weekly Forex Forecast June 12 - 16, 2023

Despite the limited market activity during Memorial Day, we have taken the opportunity to formulate a forecast for the upcoming week. The US indices have experienced an upward trend primarily driven by the growing influence of artificial intelligence (AI). As a result, the market anticipates a promising future and expects enhanced efficiency for companies leveraging these emerging technologies. However, from a technical standpoint, certain weaknesses are evident in the market, which could potentially create selling opportunities throughout the week.

Turning our attention to the EURUSD currency pair, the price has arrived at a significant key zone, indicating the potential for an upward push following an extended bearish trend observed over the past few weeks.

Lastly, the gold market presents favorable buying prospects as it currently resides within a demand zone. This provides an attractive opportunity for investors seeking to enter the market.

In summary, based on our analysis, the US indices exhibit signs of weakness, while the EURUSD pair shows the potential for an upward movement, and Gold indicates favorable buying opportunities within the current demand zone.

Top Traders Lectures, Contests, Gaming, and Beer this Saturday, June 17, in London Don't regret missing this event: tradersday.live

 

[The5ers]

Weekly Forex Forecast June 19 - 23, 2023

How to Read The Chart Using The VX and Different Time Frames

In today's trading room, we analyzed the major indices (Nasdaq and S&P) and created Short and Long scenarios for trading USD/JPY, JPY/CAD, and EUR/CHF.

We learn how to build a position correctly so you stay within your risk parameters and how to work with a few time frames to find hidden support/resistance and understand when price action shifts its momentum.

This is a must-see lesson.

 

[The5ers]

Weekly Forex Forecast June 26 - 30, 2023

In today's trading room, we analyzed the major indices (Nasdaq and S&P) and major currencies.

Following a recent event in Russia involving the Wagner group's advance towards Moscow, there were discussions between the group and President Putin, resulting in their decision to retreat. Despite this development, the financial market and its overall trajectory remain unaffected.

However, the EURUSD currency pair continues to exhibit an upward trend, following a minor retracement observed last week.

Moreover, Ruben has identified a compelling opportunity in price spreads among US indices. While the SP500 and NAS100 have recently displayed significant upward movements, the US30 has struggled to break its all-time high. Consequently, taking a short position on SP500/NAS100 and simultaneously buying NAS100 offers the potential for capitalizing on price discrepancies.

It is worth noting that similar to trading the Gold/Silver ratio, these strategies can serve as effective hedging techniques for portfolios and represent sound trading strategies.

 

[The5ers]

Weekly Forex Forecast July 3 - 7, 2023

In today's trading room, we analyzed the major currencies and major indices (Nasdaq and S&P).

The overall context and AI that drives the companies' efficiency are still present. This pushes indices up and confirms the risk-on environment that starts to be installed.

With tomorrow being the 4th of July, a national holiday in the United States, the market is expected to remain relatively calm today and exhibit lower volatility tomorrow, especially in the markets that remain open. This presents an excellent opportunity to gain insights into the implications of this temporary respite and how it affects investment decisions.

Moreover, we explore the movement of the Japanese yen (JPY) and identify it as one of the most promising opportunities in the financial landscape. Drawing parallels to significant historical events such as the 2008 and 2015 extreme levels in GBPJPY and EURJPY, we discuss how the current market conditions could potentially position the JPY movement as an unprecedented opportunity for investors.

 

[The5ers]

A $1.2 Million Funded Trader With The5ers - Interview With Forex Prop Trader Anna Ikerte From the UK

Anna has been a funded trader by The5ers for over a year now. She is trading in the Hyper-Growth program(Instant Funding), managing 1,200,000!

Her next mission is to reach 10% profit and double her funds to $2,400,000.

We spoke with Anna about her trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

 

[The5ers]

Weekly Forex Forecast July 10 - 14, 2023

In today's session, we established a new bearish bias for USD as inflation in the US is expected to come lower; thus, demand for USD will not increase.

We found selling opportunities in GBP/JPY and USD/CAD.

GBP/JPY setup is a divergence setup that can easily be seen on the Daily Chart, approaching a strong and old supply from years ago.

 

[The5ers]

Weekly Forex Forecast July 17 - 21, 2023

In today's session, Alexander and Ruben delve into the recent movements of the Dollar Index and uncover an intriguing trading opportunity. Following a notable decline in the Dollar's value, their analysis suggests a potential short-term rebound.

They examine the daily and monthly charts of the USDCHF currency pair, unearthing a promising market scenario with room for an upward trajectory. However, Ruben seizes upon a short scalp opportunity in USDCHF, making a calculated decision to open a position.

 

[The5ers]

Weekly Forex Forecast July 24 - 28, 2023
Interest Rate Decision and Crypto Anticipation

In today's trading room, we delve into three key areas shaping the current financial landscape.

Firstly, we discuss the potential monthly rebound of the CHF (Swiss Franc) and its implications for traders and investors. The CHF's performance has been a subject of interest, and we are exploring whether a possible turnaround is on the horizon.

Next, we examine the relentless push of US indices towards All-Time Highs while anticipating the highly awaited FOMC (Federal Open Market Committee) interest rate decision. As the forecast predicts a 0.25 rate hike, we analyze the potential surprises in the market amid a strengthening economy.

Lastly, we shift our focus to cryptocurrency, where prominent assets such as BTC (Bitcoin) and ETH (Ethereum) have remained locked in a trading range for an entire month. With anticipation building up, we assess the crucial factors that could trigger the next significant movement in the crypto market.