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 [...]
February 20th, 2008Minimizing 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 [...]
February 15th, 2008Double 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 [...]
February 11th, 2008Important 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 [...]
February 8th, 2008Learn 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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