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Browsing Archive: September, 2009

Holy Grail – Does it really mean anything on Currency Trading?

Posted by Helmut Renner on Saturday, September 12, 2009, In : Trading Strategy 
It seems that 99% of Currency traders today have some misconception that they can gather a pair of indicators together and make millions overnight. Or they spend years visiting web sites, reading books, and attending seminars and courses, believing that if they can find the holy grail, they will instantly become profitable and be able to make a fantastic living as a trader. Its for sure those who try to implement it may not be successful due to their lack of knowledge of this dynamic market. ...
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A Way to Avoid Overtrading

Posted by Shawn Cannon on Tuesday, September 8, 2009, In : Money Management 

Despite the hundreds of currencies in existence, only a handful is heavily traded on a daily basis. The currency pairs that see the most activity are considered the Majors. The Majors consist of GBP/USD, EU/RUSD, USD/CAD, USD/JPY, USD/CHF, and USD/AUD.

Do you see one common denominator amongst the majors? The United States Dollar is traded in every major currency pair. Currency pairs that do not include the USD are considered to by cross rates. And example of a cross rate would...


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Breaking Even: How to Preserve Your Bankroll

Posted by Shawn Cannon on Wednesday, September 2, 2009, In : Money Management 


By Shawn Cannon From FX Trading Network


Breaking Even: How to Preserve Your Bankroll 

Price does not care about you.  Nor does price care which direction you want it to go. Price does not even care where it once was. So if price is running away from you, do not just let it get away with bankroll. Put a stop to it. More importantly, when the market has rewarded you with pips, take them before price turns and takes it all back. Protecting your bankroll is the number one priority in tradin...


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