There are a lot of things that someone should know before they every begin trading Forex with real money. In this article, I am going to focus on three things that I think are essentials when it comes to Forex for dummies. 1. You Must Have a Strategy Before beginning to trade in the FX [...] Read more »
Forex Trading: The Process…
A plethora of articles and books have been written on what do in order to guarantee success in Forex trading. Here is my take on it: As a Forex beginner, make sure you educate yourself and get a good grasp of the basics of Forex trading; Educate yourself on different trading strategies Read more »
Understanding Support and Resistance
In the heady world of forex trading, support and resistance are two phrases bandied around readily and form the basis of many trading decisions. However, for any newcomer into the world of dealing currency, the terms can seem confusing and of no help whatsoever. Below are the tricks of the trade and everything a beginner [...] Read more »
Buy and Sell Zones Part 2
My last article in the series looked at horizontal trading ranges. Another way in which buy and sell zones can be identified and traded is with the use of trendlines. A trendline does this by emphasizing important support and resistance points that, once broken, represent a reversal from bulish to bearish, and vice versa. A very popular pattern that results as price moves from one zone to the next in this way is a ‘head and shoulders’ pattern. The chart below shows the pattern, and is also labeled with general guidelines for trading the buy and sell zones which result from the Read more »
Wisdom from a Future Forex Millionaire
I received this email today from a valuable member of our trading room. I've seen him in the room go from asking "newbie" questions to providing his own (accurate) pair analysis. He will reach the seven figure level in due time as long as he keeps up this kind of progress and discipline. With his permission, I'm sharing this because I really feel this will be of value to others. Read more »
What Made Me A Profitable Trader
I got an email from a trader who experienced much of what I've experienced in my journey to become a profitable trader. It was nice to be able to share some of these points with him. I hope this will help some other traders who are having similar problems. Read more »
Foundations of Forex Success
have an important email that I just received about video #1 and I felt like I had to write a post about this email. I am not going to post the whole email. The email was basically about a family man that Read more »
Is There a Magic Formula To Forex Trading Success?
A plethora of articles and books have been written on what do in order to guarantee success in Forex trading. Here is my take on it: As a Forex beginner, make sure you educate yourself and get a good grasp of the basics of Forex trading; Educate yourself on different trading strategies, or methodologies. There is a learning curve involved, and everyone’s is different. Do not compare yourself to other traders. Do not rush the process. Read more »
What are the makings of a good scalp trade?
Hi folks, a fellow trader just emailed me with some serious questions about proper scalping methods and management. I thought I would just capture the charts and the potential trade and put it right in here for a good example. This is just one example of certain things I am looking for. Take a look [...] Read more »
Is Forex Trading For Everyone?
As we all tend to agree, psychology plays a major role in a Forex trader’s success. As such, the state of mind of the individual will, to a large extent, determine the level of success she’ll enjoy. Therefore, as a trader, I am constantly aiming, and sometimes struggling with all the psychological feedback the market throws at me. This information presents a great learning opportunity to me, because the market reflects back to us the kind of persons we are, and will ALWAYS punish or reward us accordingly. There are some distinct character traits that sets the successful trader apart from all others. Some examples are: Read more »
