Top Down Trading
This one concept alone can turn your trading career around. It is easy to see but can prove to be hard to do. This is always to trade in the direction of the trend on the 4-hour chart. Try a demo trade the next time you open your trading platform. Look at the trend on [...]
February 28th, 2008News Announcements
In the Forex market, which is more important-to know what the news is, or when it is going to take place? There are many important news announcements each month. It is important to know what the topic of the news is and when the announcement is going to be made but by the time we [...]
February 26th, 2008Results of Studying The Market
We would all be happy to make some quick cash, but we are even happier when we find that we know how to keep it. The way most successful traders have gained their money is through many hours of experience over long periods of time. They also are students of the markets they trade in.
One [...]
Follow The Crowd Or Make Money
I would guess that most of us from time to time have followed the crowd, listened to a news program opinion, took a hot tip, followed the advice of a so-called expert, and soon learned that we were going in the wrong direction. It is also true that we, on occasion, have gone against [...]
February 22nd, 2008Market Analysis-Where To Start First
I hope you all enjoy this valuable tip and have a great weekend. Happy Friday!
When doing market analysis, be sure to determine the general trend of the market first. To do this I use the 4 hour chart. I heard early in my trading career to always trade in the direction of the trend [...]
Should You Trade The News?
Hi everyone. I’ve been getting a lot of questions about when, how and even if you can profitably trade the news, so I decided to write this post to hopefully answer all those questions. It’s kind of long but I think you will benefit from it.
Many times the big pip movements take place when news [...]
Minimizing Your Losses
Hi everyone, I hope everyone is doing well and trading smart. The tip that I am offering today has helped me tremendously! Enjoy.
You can minimize your losses by starting out small and adding on to the trade once it is going in your favor. When you do lose, you lose a little and when [...]
Double Checking-A Simple But Profitable Tip
One of the most simple but costly mistakes many traders make is by rushing into a trade. Meaning, they made a trade where they didn’t want, trading the wrong currency pair, bought instead of sold, etc…
Double check your trading plan, the order entry buttons, the currency pair you are trading, the time of day (so [...]
Important Questions to Ask Yourself
It is a wise thing to establish your trading plans before you start to trade live. For example, you should ask yourself these crucial questions:
What entry and exit signals will I use?
What are my rules for money management? (how much will I risk per trade)
What time frames will I trade?
What time of day will [...]
Learn What The Market Wants
I have talked to many people that made a lot of money in a market that was channeling, or range bound. As soon as the market broke out of the range and started to trend they lost most of the money they had just made and did not know what had happened to their ability [...]
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