Trading is a precise business and occupation. In our industry we constantly have to deal with very small percentages and numbers. And the difference, between success and failure, in our retail trading industry, can be extremely small. We may be risking only 0.5% of our account size per trade, we may have a circuit breaker […]
Aim for excellence with your Forex trading strategy Read More »
The “novice” and “intermediate” level traders will always experiment with technical indicator strategies during their early months and years. And they should experiment, as without trader curiosity it’s impossible to gauge what works and more importantly what works for the individual trader. Trading is a highly personalized business, there is no one single method to
How to test a technical indicator strategy for trading the Forex markets; part one Read More »
In part one, of this two article series, we discussed how to begin getting ourselves set up to test a trading strategy. We’ve identified the four key groups of technical indicators we’re going to use; a trend following tool, a trend confirmation tool, an overbought/oversold tool and a profit taking tool. Then we drilled down
How to test a technical indicator strategy for Trading the Forex markets; part two Read More »
When you’ve spent the majority of your working life involved in the finance industry (in one form or another), you’ll have met all kinds of fascinating people during your career and life journey. It’s always important to learn from others, as everyone you meet has a story to tell and everyone you meet has a
Reasons why some novice Forex traders succeed more quickly than others Read More »
A common condition that impacts most novice traders, is the destructive habit of holding onto losers too long and cutting our winners too early. The reasons for this intervention in our trades are many and complex. However, the overriding motivation for this behavior is: a lack of emotional control, failing to adhere to our well-crafted
Without a doubt, learning how to draw effective trend lines on our charts is essential. Trend lines provide one of the most highly visible and simple methods for identifying potential trends, which may be emerging in our market place. However, it’s important that we learn how to identify trends and draw the lines correctly, as
How to correctly draw trend lines on a chart when Trading Forex Read More »
As we’ve discussed many times, none of us like to lose. As forex traders we’re both curious and competitive, we’re also natural experimenters. If we were extremely cautious, only liked waging on what we think are “sure things”, then we’d never contemplate trading as a hobby, or career. Instead we’d simply leave our spare funds,
How our fear of losing can be a dangerous issue when trading Forex Read More »
The Commodity Channel Index (CCI) is an oscillator indicator which was developed and created by an analyst called Donald Lambert in the 1980’s. The CCI is featured in his respected technical trading book; “Commodities Channel Index, Tools for Trading Cyclical Trends”. Despite part of the title referring to commodities, the indicator has also proved to
Commodity channel index, what it represents and how to use it when trading Forex Read More »
Your trading plan is a highly personal document, it’s not for the author of this article, or any other supposed experts, to tell you that it’s “right”, or “wrong”. Whilst some of us will contend that there’s only one way of trading, in order to consistently take money out of our markets, that’s an incorrect
When is it a good time to reconsider changing your Trading Plan Read More »
A trading ‘curse’ that many of us will suffer from early on in our fledgling trading careers is overtrading. Overtrading can be defined as trying too hard, trying to do too much, too soon; we chase the market to try and force profit out of the market, generally from a relatively small account. It’s an
The importance of learning one method of trading and perform it until it becomes habit Read More »
