Trading breakouts is undoubtedly one of the most effective ways of trading the currency markets. It works because the masses will often act upon these breakouts, and therefore as a result each breakout will often move even further in the required direction. So how you can successfully trade these breakouts yourself?

Well you can start by just looking at price patterns of the major currency pairs. Although they will often fluctuate all over the place, at some point the price will enter a quiet ...
Continue reading ...

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. ...
Continue reading ...

While many new forex trading systems are based on complicated mathematical market analysis models, some of the most effective forex trading strategies are also the simplest. One of these simple and highly effective strategies is trend trading, where you simply see which direction the market is trending in and then you trade in that direction. If you were trading the EUR/USD currency pair, the way that you could identify the direction of the trend is to open up a daily chart and overlay a simp...
Continue reading ...

Many people are drawn to forex trading because they have read about the vast fortunes that can potentially be made from this seemingly simple activity. However it is obviously not as easy as it sounds, which is precisely why only around 5% of forex traders actually make money.

In many respects it's the sellers of the various forex products that are to blame. In order to sell huge quantities of their product, whether it's a forex system, an expert advisor or a trading course, they will garnish...
Continue reading ...

Most people who trade the forex markets rely almost exclusively on technical analysis to make their trading decisions. They will spend hours on end staring at charts of the various currency pairs in order to find high probability set-ups that are most likely to make them money. However if you are going to use technical analysis, there are three forex price patterns who should look out for.

The first of these is the breakout price pattern. Prices will often spend significant amounts of time tr...
Continue reading ...

This Post is a Response to David Campbells article "As the Market turns, So are the Days of our Lives"

This article was very inspiring as it created alot of thoughts and ideas I decided I would just write an article about the article. I want to thank Dave for such good work. I also get alot of questions about time frame and from now on I am going to send them to Daves article, well done. His work as made me a better trader and a better website owner.

He mentions in his article that hesitation ...
Continue reading ...

For a trader it is important that they are aware of the right business strategies. Otherwise it is going to be extremely difficult for them to survive in the trading business. A well-defined strategy is very essential for day, swing and any online trading. It is important to be aware of every intricacy of trading. This will help in making the right decisions and gaining exceptional returns on your investments.

Day trading means the act of buying and selling stock within the same day. Day trad...
Continue reading ...

 

Welcome to “Shoot-out in Main Street”
(also called “Hop-a-long Cassidy and Forex Kid live at EST 08:30”)

I want to explain to you how so-called News Trading is the latest method devised by the marketing wizards to take your money.

The more subtle marketing wizards package it very scientifically. They use impressive looking historical statistics to show how price action unfolded immediately after certain economic data releases. See the pattern, they trumpet, and make money from i...

Continue reading ...

 by Casey Stubbs --Winners Edge Trading

The candlestick chart is what we watch to see where the price is moving in the forex market. Did you ever stop to think about what is happening behind the candlesticks to think of why a price is moving the way that it is? Many forex traders do not understand the reason that currency pairs move the way that they do and that is one of the biggest keys in becoming a profitable forex trader.

Some traders just rely on indicators instead of knowing what ...

Continue reading ...

 So the market has moved anywhere in days and you can't find an entry anywhere. You can't make a trade right? Wrong, this is just a period in the Forex Market called range trading.

What is range trading?

Range trading is when a currency pair moves in a specific price range with out any significant move in direction. This is where the price moves up and then down like a see saw in a range, when the price gets to the bottom it reverses and goes up when the price goes to the top it reverses ...

Continue reading ...