In the live trading room this subject occasionally comes up of "what books do you recommend" So, I thought I would take some time and make a top 10 list of my favorite books of all time. I have traded for 10 years and read dozens of book, taken many courses, watched dozens of video's. Read more »
Leaving Money On The Table
Is leaving money on the table something to worry about in your trading? To answer that question simply the answer is Yes, but you have to let it go and not dwell on it. I know that all the Forex Trading pros say let your winners run and cut your losers short and they are right. But, and this is a very big but, any trade is a good trade as long as you are positive. Read more »
Eur/Usd: Bottoming at 1.4029
The Euro continues to dive and make new lows this week. The price bottomed out yesterday at 1.4029 and then hanging in a consolidation range until the pair decides to do a critical breakout in either direction. Read more »
Why You Should Develop Your Own Currency Trading Style
Currency trading is now becoming fairly mainstream thanks to modern technology. These days anyone who has an internet connection and at least a small amount of capital can start trading the markets. However it's not as easy as it sounds, which is why you need to think about how you are going to make money. Read more »
Eur/Gbp: Have We Hit A Temporary Bottom?
This post is going to cover the Eur/Usd and the Eur/Gbp on a video that I filmed showing a live trade that I made. The Eur/Usd has broken through support at 1.4200 and looks like it is going to continue to drop. The best way to trade this pair is identify key support and resistance levels and put on buy and sell orders after the price bounces around or breaks through those levels. Read more »
Eur/Usd: Trading Video
Here is a trading video I shot on a trade that I entered into this morning. I am planning on doing more of these videos as I think these are helpful to new traders. Read more »
Aud/Usd: Learning From My Mistakes
The Australian Dollar is a strong dollar at this time and the economy is doing well compared to the U.S. Dollar. However there is going to be a temporary pullback in the Aud/Usd because the pair has been so bullish and it is due for a pull back. Read more »
Forex Lessons: Learn to Pay OR Pay to Learn?
Forex trading is the easiest and fastest way to get rich. Really! After all, haven't you seen ads all over the internet conveying the same message to you? "Ex top bank trader reveals the one secret that makes 1,000% a month!", Read more »
Haiti Disaster Relief
There was recently a great crisis as a major earthquake in Haiti and we are working to bring some help to those in need. Many of you may not know that I went on a mission trip to Haiti last year. I wrote about it on this blog last year Read more »
Eur/Usd: Weekly Update
The Eur/Usd is in a consolidation range right now. The pair was thought to possible break to the upside when it broke the 1.4450 price resistance barrier but that was short lived as the Euro is unpopular right now and out of favor. Despite negative US data reports the pair has not lost ground on the Euro. Read more »