Is this the best trading advise for beginner traders ..?

hello guys so the reason i'm writing this is that this weekend i started to backtest my main strategy that i'm using on the lower tf and while i'm doing that it came across my mind that this strategy it was me who created it and i started to think about how did i come up with this strategy and it was like one of these days i went to bed and as usual i was thinking about forex my big passion and i started to put some pieces together if i do this and then wait for that that will give me this and it could be a great way to enter the market and that's how i came out with it....... but wait this is not how i come out with that strategy I need to dig deeper because how it occured to my mind to put these specific pieces together and it all comes down to a firm understanding of price chart and how to read a price chart if i could think of one skill of each trader must have  it would be reading a price chart mastering technical analysis , there are a million strategy out there that can make you money in forex however the long standing traders how are doing this for a life time are not the ones who learn strategies and implement them rather they are the ones who understand the markets and how it moves and there they will be the ones who create strategies so my advise is instead of keep looking for the strategy that will make you rich, you should start masterning reading a price chart and then you will be able to even create your own strategy which will be best fit for you which will make it so much easier to follow .

lastly make sure to view my latest video teaching you how to master technical analysis 

https://www.youtube.com/watch?v=1RVW1KnMza0

best forex trading strategy for beginners

for each and every strategy i create by putting together 2 things Conditions and entry for that strategy first with conditions i create some specific rules i need to be met in order to consider entering the trade and then of course wait for the right entry .for the purpose of this blog i'm going to discuss one of my favorite strategies which is a reversal strategy meant to capture the shift in trend first hand .so first let's take a look at the conditions to enter a trade based on the reversal strategy 
Condition number one  i need a trending market so now let's define a trending market 

now in this chart we see the EURUSD hourly chart and we see that it's in a bearish trend and how i define that first price is below the 50 ema and also forming a lower low lower close , so now our first condition is met lets see what's next .

Condition number two is for price to break above the recent outside return and above the 50 EMA which indicate that this trend starting to reverse , now we need to make sure to have a specific rule for the pull back like we need to have at least two candles forming a higher high 

now the next step is to wait for price to break above that previous pull back and also above the 50 EMA 

AS we move forward we see here price did break above the 50 EMA and also the most recent outside return now it's time to move to our next condition .

Condition 3 : price must form a 2 candle pull back that doesn't close below the 50 EMA and also in the form of a lower low as we see below 

Alright so now all our conditions are met all we need to do is to enter the trade but how ..?

In this case we need to create an entry rule to make sure that we are consistent in our approach 

My favorite entry would be waiting for a higher high higher close candle which mean i need a candle that breaks and close above the previous one as we see below 

Now everything is set to enter the trade all we need is to place a stop loss below the low and target we can test for different places to take target at  

at last make sure to watch this video which explain all the steps we discussed https://www.youtube.com/watch?v=81KbYCpKIS8

how to become a real forex trader

This might seem overwhelming as there is so many things need to be done in order to become a consistently profitable trader however it's nothing compared to the many years you have to study to become a doctor or an engineer or whatever you wish to be and yet still the outcome is much bigger with trading and have the potential to provide you with the best life style compared to being a doctor , this is a fact you need to have in mind before  trying to become a forex trader .
After all being a forex trader means that you have a business you have to run so you have to be serious about it .
For me trading consist of 3 things which are trading strategy , psychology and money management you need to master the 3 things one by one to become successful in your new business .
So now lets break them one by one 
First trading strategy , for you as you are only starting so you need an easy and simple trading strategy to follow and then of course you need to take that strategy and practise on and backtest it to make sure it has an edge over the market the way you trade it .you can make sure to watch my video going through one of my best strategy and will walk you through a very easy conditions you need to enter a trade 
https://www.youtube.com/watch?v=81KbYCpKIS8

in my next blog i will go further and and explain psychology and money management so be tuned .

The best stock to buy in September

One of my favorite stocks throughout the whole year is Oracle , my interest in that stock has been increased since the break of all time high of $46 which was back in 2017 but specially this year i was very much more interesting after price broke the $53 level to indicate for me that there is still further bullish move left in that stock 

Lets take a look at the chart now and try to see why it could be a good time for us to consider buying this now , first lets talk about earnings which will come out later this month which could be a big factor for any possible movement also we would argue that this current retracement is so deep and therefore price might not recover back towards the high of $60.27 which was back a couple months ago , right now price has formed a new higher high higher close which still indicate a further bullish move and still this will not be invalid unless price break below $49.91 with the fact that price started to indicate a pullish movement over the last 2 days so that would indicate a pretty decent entry to try to capture it now .

EURUSD ahead of NFP on Friday 

Today during my day trading hours i was looking for any potential long entry on the EURUSD however my overview on the higher time frames is bearish after price recently creating a new lower close below 1.1037 and also price is yet to hit my next support level which is down at 1.0820 
The rex box indicate the area of which i expect market to find resistance at and push down which we are starting to see as price tried to push all the way up to the high of that zone but bears still managed to push it down which indicate that the bears are starting to take control so tomorrow will be very important to see whether the bears will take a full control of the pair . 
Of course the important factor on Friday will be the NFP and specially paying a closer attention to the average hourly earnings , the expectations suggest that there will be no improvement in any of the numbers which will be released on Friday however still with the market already priced in and expecting no further improvement in the current numbers so that might end up with no much of an effect for the event which is something we've seen most recently as well specially with a more important factors around the market right now including the trade war and brexit .

Forecast is showing that no improvement the the NFP as it drops from 164k down to 158k while also average hourly earnings show no improvement in the last month as well while it drops to 3.1% from 3.2% on a yearly basis but with the market already expecting that there will be no much reaction if we see the news coming out as expected .
On the other side of the pair will be the EUR .
On Friday ahead of the NFP the Eurostat will release the GDP numbers in the EU area which is expected to come out with the same numbers as the previous release , for me I will watch this very closely .
Once again lets get back to technical analysis but this time on the H4 chart 


Once again price came up to this resistance we already spotted on the Daily however it also closed above the 50 EMA more than once and also it didn't go to overbought conditions on the RSI which i set at 80% for overbought and lastly it didn't give me any sort of valid entry to try to take a short trade so with that being the case I will still actually be looking for long entries on the daily basis until I see any valid entry to try to capture a swing trade at least back down to 1.0930 

Conclusion :
EURUSD is stil bearish on the longer term however on the daily basis it's moving up , right now there is no reasonable entry on the higher time frames so will be on the side for now in terms of swing trading , on the other side on the lower time frames during my day trading hours will still be looking for long entries .