The choice of time frame to trade off can be a highly contentious issue; many experienced and by definition successful traders, will point out the efficacy of the daily time frame, suggesting that it is the only time frame worth considering trading off. On the basis that the majority of the technical indicators pre dated […]
There’s no point in disguising the fact that learning how to trade forex successfully represents a huge challenge. A completely different skill set is required, in order to trade proficiently, compared to any other occupation we may have been involved in. Many of us more experienced traders would argue that there is no natural ability
The importance of seeking help if your Forex Trading goes wrong Read More »
Summer is always a fascinating time in the UK, the (increasingly rare) sight of butterflies is a vision to behold, especially the rarer ones. Their beauty, fragility, perfect symmetry, ease of movement and gravity defying changes of direction, as they skip from flower to flower, are a wonder to behold. Sadly, many of us revel
The negative effects of greed, impatience and fear on your trading Read More »
Novice traders are constantly reminded that they need to be a “disciplined trader”, in order to succeed. But how do we define ourselves as disciplined traders, what characteristics, or habits do we need to have (or more likely develop), in order to become this mythical, all knowing disciplined trader? And what’s wrong with the undisciplined
How setting trading goals will help us achieve success Read More »
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 »
