Seun Forex Blog

  Top 5 Books on Trading Psychology (and Why They Matter for Forex Traders) Trading psychology isn’t just "mindset talk" — it’s the difference between blowing an account and compounding one. After reading over 150+ books on trading , here are some powerful ones I always recommend: 📚 1. Trading in the Zone by Mark Douglas The bible of mindset. Helps you detach emotionally and accept probabilities like a pro. 📚 2. The Daily Trading Coach by Brett Steenbarger A workbook-style guide that trains your mental discipline daily — like gym reps for your trading brain. 📚 3. The Disciplined Trader by Mark Douglas Talks about fear, greed, and uncertainty. A deep dive into self-sabotage and how to kill it. 📚 4. The Psychology of Trading by Brett Steenbarger Mixes real trader stories with emotional case studies. Raw and relatable. 📚 5. Atomic Habits by James Clear Not a trading book, but if you build strong habits, your trading transforms too. Period. 🧠 How...

  This Week’s Forex Focus: GBPJPY, GBPUSD & US30 (June 30 – July 4) 📆 Weekly Market Outlook (June 30 – July 4) In this week’s forex market forecast, I shared my clean price action analysis across three major markets: GBPJPY GBPUSD US30 (Dow Jones) This analysis is perfect for swing traders, day traders, and anyone following price structure. Here’s a quick summary: 🔹 GBPJPY Price is reacting near a previous support zone Watch for bullish continuation if the zone holds A break below could lead to deeper correction 🔹 GBPUSD Clear bullish pressure forming around demand area If price breaks above key resistance, expect momentum Stay cautious around FOMC and NFP events this week 🔹 US30 Strong resistance at the top of the current range Possible pullback before continuation Keep an eye on NYSE open reaction and USD strength 📌 Watch the full video breakdown below: 📣 Final Note: This analysis is not financial advice — it...

  Key Players in the Forex Market — And When to Trade Key Players in the Forex Market — And When to Trade The Forex market moves over $7 trillion a day . But not every trader is equal. Some move billions. Others just follow. Here’s a breakdown of who’s really involved — and when the market is most active. 🏦 1. Banks & Institutions These are the big players: Central banks (e.g., the Fed, ECB) Commercial banks (e.g., HSBC, JPMorgan) Investment firms and liquidity providers They trade to hedge risk, manage reserves, and control money flows. Their actions shift the market at a structural level. 💼 2. Hedge Funds & Corporations These players enter the market for large international transactions, profit speculation, and exposure hedging. For example, Apple may exchange currencies to manage revenue from international sales — that's Forex in action. 👤 3. Retail Traders This includes individual traders (like you and me) trading through ...

  The 3 Hardest Lessons I Learned After Failing My First Prop Firm Evaluation The 3 Hardest Lessons I Learned After Failing My First Prop Firm Evaluation It wasn’t the loss that stung the most — it was the truth it revealed about me. I remember staring at the screen in silence. The red bar on my prop firm dashboard had just hit the daily drawdown limit. Account: breached. Evaluation: failed. Dreams of funding? Gone. I had imagined many things on this trading journey… but this hit different. 💥 Lesson 1: Risk Rules Are There to Save You, Not Stop You When I joined the prop firm challenge, I was too focused on hitting the target quickly . I ignored risk limits. I over-leveraged. I traded during news events. I told myself I could handle it. I couldn’t. The daily drawdown wasn’t the enemy. My lack of patience was . Trading within limits isn’t weakness — it’s a test of emotional strength. Most traders fail not because their setups are wrong, but beca...

  Psychology of Forex Drawdown – How to Survive the Storm Without Losing Your Mind (or Your Account) Psychology of Forex Drawdown How to Survive the Storm Without Losing Your Mind (or Your Account) By SEUN Aderemi | July 9, 2025 If you’ve ever stared at your MT4 or TradingView screen watching your account turn red — you know this pain is real. A deep drawdown doesn’t just drain your equity — it drains your confidence, your clarity, and sometimes your entire identity as a trader. Let’s be real: Most traders don’t blow their accounts because of poor strategy. They blow it because they couldn’t survive the emotional spiral of the drawdown. In this post, I’ll walk you through how to mentally survive a losing streak and bounce back stronger — without quitting the game. 1. Drawdown Exposes Your Weak Spots Every losing streak brings something to the surface: Oversized positions = fear of missing out Panic exit = fe...

  Trading Will Break You — Why Most Quit and How I’m Surviving Trading Will Break You — Why Most Quit and How I’m Surviving Dear trader, You might be new to this. Or maybe you've been in the game for years. But if you've ever stared at the charts and thought, “Is this ever going to work?” — this letter is for you. 🌧️ The Pain Is Real Trading doesn’t just test your knowledge. It tests your discipline , emotions , self-worth , and your belief in the future . I’ve blown accounts. Failed prop firm challenges. Watched price hit my stop loss, only to reverse seconds later. I’ve sat in silence — hungry, tired, doubting everything. And still… I show up. 🔥 Why Most Traders Quit Emotional exhaustion from constant losses Strategy hopping with no mastery Isolation — no one understands what you’re doing External pressure: bills, family, doubt 🧠 How I’m Still Standing N...

  I Missed the Big Move Right After My Losing Streak — The Hardest Part of Trading I Missed the Big Move Right After My Losing Streak — The Hardest Part of Trading Let me be honest with you... Few things hurt more in trading than this: 🔴 You enter a trade. It hits stop loss. 🔴 You re-enter. Another stop loss. 🔴 You try again. And again. Losing streak builds. Now you're emotionally drained. You're frustrated. You're tired. You've lost focus. So you say: “Let me take a break. I’ll sit out for a few hours.” And then it happens... The Market Moves — In Your Original Direction You sit there and watch price shoot exactly where you expected it to go in the first place. No revenge trade. No forced entry. Just a clean, massive move… without you . You feel sick. You feel angry. You feel regret. You start blaming yourself: “Why didn’t I just wait?” “Why did I overtrade?” “Why couldn’t I trust my bias?”...

🧠 The Loneliest Profession: Why Talking to Other Traders Can Save Your Trading Career 🧠 The Loneliest Profession: Why Talking to Other Traders Can Save Your Trading Career Seun Forex — Aug 1, 2025 “You win alone. You lose alone. And most of the time… you think alone.” Most traders don’t blow their accounts because they lack skill. They quit because they feel alone. Behind the candlesticks, spreadsheets, and strategies… lies a quiet battle with your own thoughts. 😶 Trading Isn’t Just Solo… It’s Silent No boss. No team. No clients. Just you. Your strategy. And your emotions. It’s easy to start thinking: *“Why is this taking so long?”* *“Maybe I’m just not good enough…”* *“Am I the only one who feels stuck?”* You start comparing your journey to highlight reels on social media. Everyone else seems funded, focused, and flying. But here’s the truth 👇 You're Not Alone — You're Just Quiet ...

  The Thin Line Between Discipline and Revenge – GBP/JPY Case Study 🧠 The Thin Line Between Discipline and Revenge: A Hard Lesson in the GBP/JPY Channel Breakout Yesterday, I caught a textbook GBP/JPY channel breakout —and it felt like a win straight out of a trading manual. ✅ My first entry was precise. Structure aligned. Momentum strong. Everything screamed continuation. But I held on too tightly to one of my golden principles: "If it doesn't hit my TP, I don’t care." That’s how a valid trade slipped into a small loss. No panic. It happens. It’s logged in the journal. Then came the real test. I re-entered — this time putting my stop loss just below a significant yellow line support level. Again, price moved in my favor. Structure held. A clean setup. Then, the market turned. I woke up this morning and saw the price had wicked me out again , just before correcting. Second loss. Within journal rules. Within risk limits....

  Missed Entry, Clear Message: What This Chart Still Teaches Smart Traders Missed Entry, Clear Message: What This Chart Still Teaches Smart Traders Sometimes in trading, the opportunity seems obvious — but we miss it . That “missed entry” can feel frustrating, especially when price takes off right after. But great traders know the market is always teaching, even when we’re on the sidelines. Let’s break down the lessons behind a missed trade that revealed more structure, discipline, and trend strength than many realized. 1. 📈 The Bullish Channel that Refused to Break Zoom into the chart and you’ll see a clear ascending channel . Price respected the boundaries with precision — bouncing off support, tagging resistance, and repeating. This isn’t random movement. It’s a sign of institutional order — controlled buying with logic and rhythm. When price holds a channel like that, it's not noise. It's a message: buyers are stepping ...

  How I Missed a $3,000 Trade But Still Became a Better Trader How I Missed a $3,000 Trade But Still Became a Better Trader By SEUN FOREX | June 2025 There I was—working on some important tasks for my brand and online presence. My goal? To build long-term visibility as a trader while staying focused on consistent growth. But while I was typing… The market moved. And just like that— I missed a $3,000 profit opportunity . ✅ My Account Was Up $10K... Then It Dropped to $6.9K I’m in my third week of trading a $100,000 demo account. It’s not just for practice—I treat it as seriously as real capital. I had built it up from $100K to $110K. But because I was focused on building the business side of my trading brand, I missed a high-probability setup I had been tracking. Result? Unrealized profits dropped by $3,000 , and my balance fell back to $106,900 . 🧠 Why It Hurt So Much It wasn’t just the money. It was because I...

  📅 Weekly Forex Forecast (June 24–28, 2025) 🔍 Pairs: GBP/JPY • Gold (XAU/USD) • USD/JPY By SEUNFOREX 📌 Overview Welcome to this week’s forex outlook, where I combine Smart Money Concepts (SMC) and Price Action Analysis to break down key trading opportunities for GBP/JPY , Gold , and USD/JPY . This guide is designed to give you clarity on institutional levels, liquidity zones, and directional bias for the week ahead. 💷 GBP/JPY Analysis Bias: Bearish-to-neutral SMC Insight: Price swept previous buy-side liquidity above 202.00 and now trades below a bearish order block. Key Levels: Resistance: 201.80 – 202.20 (OB + imbalance zone) Support: 199.50 Expectation: If price holds below 201.80, a move toward 199.50 is likely. 🪙 Gold (XAU/USD) Analysis Bias: Bullish Smart Money Zone: Demand formed at 2305 – 2312 Key Levels: Support: 2305 (bullish OB) Resistance: 2350 Expectation: If 2305 holds, watch for a rally to...

  Why Do People Trade Forex Instead of Stocks? | SEUN Forex Blog Why Do People Trade Forex Instead of Stocks? When I first started trading in 2022, I was torn between the idea of trading stocks or Forex. Both markets are huge, but the choice wasn’t easy. Over time, I realized many traders prefer Forex for several key reasons — and I want to share those with you. 1. Forex Market Is Open 24 Hours a Day, 5 Days a Week Unlike stock markets that open and close during specific hours, Forex trading never really sleeps. It starts Sunday evening and runs non-stop until Friday evening. This means you can trade whenever it suits your schedule — whether early morning, late at night, or even during your lunch break. 2. High Liquidity Means Easy Trading Forex is the largest financial market in the world, with daily trading volume over $7 trillion. This high liquidity means you can buy or sell currencies quickly without worrying about big price gaps or slippage. 3. Lower Capi...

  What Is Forex Trading and How Does It Work? | SEUN Forex What Is Forex Trading and How Does It Work? (Beginner's Guide) When I first heard about Forex trading , I thought it was something only bankers or rich guys did. But the truth is, Forex is for anyone — including you reading this right now. Let me walk you through what Forex trading really means, how it works, and share my first experience with it as a beginner trader from Nigeria. 💱 What Is Forex Trading? Forex (short for “foreign exchange”) is the global marketplace where currencies are exchanged. You’ve technically “traded Forex” if you’ve ever exchanged Naira to Dollars or Pounds at an airport. But in online Forex trading, you're doing this digitally — buying one currency while selling another — hoping the exchange rate changes in your favor. Example: If you trade the pair EUR/USD , you’re buying Euros while selling US Dollars. If the Euro goes up, you profit. ⚙️ How Forex ...

  I Was Right, But Still Lost the Trade – My Painful GBPJPY Lesson 📉 I Was Right, But Still Lost the Trade — Here’s Why That Happens (And How I’m Fixing It) Date: June 19, 2025 Pair: GBPJPY (1H Timeframe) This trade hurt — not because I was wrong, but because I was right… too early. The direction was clear, the level was valid. But I ignored one thing: ❌ Confirmation. If I had waited for a clean breakout and retest, I would’ve caught the move. But instead, I saw the first bullish candle and jumped in — no break, no retest, just vibes. The GBPJPY trade that taught me a painful truth. 💥 Here’s Exactly What Happened: I entered at 194.9 after spotting a bullish candle at a zone. The market dipped just enough to hit my stop loss. Then reversed and exploded upward in my direction. That was the moment I realized the market wasn’t the problem — my timing and execution were. 🧠 My 3 Big Mistakes: Entered Without Breakout + Retest: I didn...

The 5 Biggest Mistakes I Made in My Forex Journey (And What They Taught Me) “If you don’t learn from your wounds, you’ll bleed into the next trade.” — Every trader who’s ever blown an account When I began my journey into forex, I wasn’t walking in with a strategy — I was diving headfirst with emotion. Excitement. Hype. Fear. Hope. Like many new traders, I wasn’t prepared. I thought it was all about finding the right broker, the right pair, the right day. But what I didn’t realize is: the market doesn’t care who you are until you’ve earned your discipline. And I didn’t have any. Today, after surviving multiple blown accounts and years of emotional damage, I’ve come to embrace a truth: The market didn’t break me. My mistakes did. So here they are — raw, honest, and unfiltered — the five mistakes that nearly ended my trading journey... and what each of them taught me. 1. I Traded Without a Plan — Just Vibes and Prayers In the beginning, I traded whatever looked “nic...

  🧠 5 Lies Beginner Traders Believe (And What to Do Instead) By Seun Forex | Published: June 17, 2025 Every beginner trader wants to succeed. But most are held back—not by the market, but by beliefs that aren’t true . In this post, I’ll show you 5 lies beginner traders believe , and I’ll tell you what to do instead — but the full explanation is inside the video below. 🔥 Quick Preview of the 5 Lies: ❌ “I need a complicated strategy to win.” ❌ “More trades = more money.” ❌ “I can predict the market.” ❌ “I don’t need a trading plan.” ❌ “Trading is a solo journey.” Each of these lies causes confusion , emotional mistakes , and eventually blown accounts . But when you understand the truth behind them, you can trade with more confidence, focus, and success. 🎥 Watch the Full Video Breakdown 👉 I break everything down clearly in this video. Learn how to avoid these lies and what to do instead: 👇 Let’s Connect! 👍 Like the video 💬 Leave a commen...

Weekly Forex Market Analysis – June 16–21, 2025 Welcome to this week’s forex market analysis! In this video, I break down key trade setups and important levels on GBPJPY, USDJPY, Gold (XAU/USD), and UD30 (Dow Jones) . Whether you’re new to trading or experienced, this summary will help you prepare for the week ahead. Watch the full video here: Key Highlights from This Week’s Analysis: GBPJPY: Watching for a possible rejection at the resistance zone near 190.50, which could lead to a bearish reversal setup. USDJPY: Looking at support around 134.00; a bounce here could signal a short-term bullish move. Gold (XAU/USD): Approaching strong supply around $2350; expect possible pullbacks or consolidation before any breakout. UD30 (Dow Jones): Price testing key resistance near 37,800; a breakout above could lead to a continuation of the bullish trend. My Trading Bias: This week, I’m watching for reversals on GBPJPY and Go...

Welcome to SEUN FOREX — where real traders learn from real experience. I’m Oluwaseun Aderemi B, and I created this blog to document my journey, share real insights, and help new traders grow with confidence. 🔍 What This Blog Is About This is more than just another forex blog. I’m here to give you: ✅ Real mistakes I made and how to avoid them ✅ Simple, practical trading strategies for beginners ✅ Weekly insights, mindset shifts, and trading truth 📅 What to Expect Each Week I’ll be posting new lessons, trading thoughts, and exclusive breakdowns of my market approach. Everything will be explained in simple terms — with no hype, no fluff, just value. If you're tired of flashy strategies with no results, you're in the right place. Be sure to subscribe on YouTube and bookmark this blog. To your growth, — SEUN 💚

  The 5 Biggest Mistakes I Made in My Forex Journey (And What They Taught Me) When I started trading, I didn’t know how deep this journey would challenge me—not just financially, but mentally and emotionally. I made painful mistakes that cost me not only money but time, confidence, and even relationships. If you’re just starting out or struggling right now, this post is for you. 🎥 Bonus: Watch Me Explain These Mistakes If you prefer watching, here’s a YouTube breakdown of the biggest reasons traders fail — and how to avoid them: 💬 Like the video? Drop a comment on YouTube and let me know you came from the blog! 1. Chasing Trades Without a Plan At the beginning, I treated the market like a game of chance. I jumped into trades based on instinct, excitement, and noise from social media. 📉 Result? I blew multiple accounts. Lesson: Always wait for your setup. Have a strategy and follow it with discipline. No plan = no progress. 2. Risking Too Much Per ...