Of all the: terms, patterns, indicators and tools used in trading, the word, allure and concept of “Fibonacci” stands out as the most mysterious and evocative. It’s legendary use in mathematical calculus, lends it an authority not associated with the modern, most commonly used chart indicators, such as the: MACD, RSI, PSAR, DMI etc. It […]
Fibonacciand its Application to Forex Trading Read More »
We love to experiment as traders, if we didn’t have that capacity for intellectual curiosity and experimentation, then it’s highly unlikely we’d discover markets to invest in, or trade forex. Naturally, as part of our voyage of discovery, we begin to play around with all the component parts that make up what we’d describe as
The Heikin Ashi candlestick and its purpose in Forex trading Read More »
Trading is a cerebral profession, it’s neither a team, or an individual player sport. However, analysts, traders and market commentators often use sporting analogies to make our points. We’ll talk about having “the guts to get up off the floor”, as if losing a series of trades is similar to a concussed boxer trying to
Visualising Success as a Forex Trader Read More »
This misinterpretation in forex trading; the amount of futile effort and energy that’s been expended, the hundreds of thousands of hours spent, trying to discover the elusive holy grail of trading, is a sobering thought. The wasted time and effort that’s been consumed, is made even worse by the realisation that no such perfect 100%
Misinterpretation in Forex Trading and how to limit your Risk Read More »
Apophenia is regarded as our universal human tendency to seek patterns in random information. In short; we appear to have a predisposition to identify patterns that don’t exist. Naturally the connection between this tendency and forex trading is obvious and the patterns may be graphical, they may be numerical, or a combination of both. In
Patterns in Forex Trading Read More »
