OK, so most of us forex traders know what candlesticks are and what they’re supposed to represent on our charts. We’ll avoid the history lesson, by delivering this quick synopsis and reminder of the basic candlestick body and shadow meaning. Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, […]
A Candlestick refresher Course, looking for price action Read More »
The 3 Ms of trading is a phenomenon often referred to when discussing trading; mind, method and money-management have become the accepted terms by which we define the disciplines involved in trading. Method is generally defined as the trading strategy we’ve created; the currency pairs we trade, the time frames, the analysis underpinning our decisions
The psychology involved in Forex Trading Read More »
Retail trading from home can be a lonely activity. Let’s be honest, even if you’re incredibly successful, your spouse and nearest and dearest won’t be that interested in the mechanics involved in trading, beyond the profits. Trying to hold a conversation involving a discussion on: spreads, indicators, technical and fundamental analysis, coding your MetaTrader platform,
The life of a Forex Trader Read More »
From time to time it’s worth taking a step back in order to take a ‘helicopter view’ on where we’re currently at in relation to the personal aims we originally set out when we first entered this industry. The reason why it’s worth taking a snapshot of where we’re at is to see if the
There are many extremely useful free tools our brokers offer us that are often under-used, misused, or simply ignored and the demo account is one such free offering. It’s under-used as many traders are far too impatient to move onto real trading and as a consequence use the demo for a short period to then
No matter how perfect we believe our trading method is, no matter how solid our overall trading strategy is and no matter how complete we believe our trading plan is all traders (will at times) get caught in trades that simply ‘go bad’ despite us following our trading plan and executing our trading strategy to
There are certain facts have remained steadfast over the years with regards to trading. Experienced and successful traders will point out that, despite being able to get their high probability set ups ‘right’, in order to enter the market at the precise point when their set up signals, they’ll never and have never got their
How do I learn to maximize my profits and minimize my losses? Read More »
There’s a certain truism in FX trading; once the ‘bug has bitten you’ it’s very difficult to turn your back completely on the wider industry and the activity of trading. Even if you’ve tried FX trading and lost money in your first (or second) adventure you’ll always tend to believe that the next time, in
I’m going to try FX trading once more what should I do differently this time? Read More »
After we discover the retail trading industry our natural instinct is to experiment in the market with all the various technical options available on our trading platform. Whereas fundamental analysis requires a completely different skill set in order to learn how to put it to good use, generally after a period of time where it
Where and when should new traders begin to add technical analysis to our trading Read More »
Luck is a very contentious word and equally contentious phenomena in trading. Having spent months and in many cases years to create a winning trading strategy, to then finally commit it to our bullet proof trading plan, it’s incredibly hard for any of us to actually accept that a huge element contained within our long
