Forex Trading and Miscellaneous

From an early age we’re conditioned to believe that hard work equals results, that the more effort we put into an activity then the chances are we’ll experience greater success, to paraphrase the famous golfer Gary Player; “the harder I practice, the luckier I get.” The notion that dedication, application, practice and overall “hard work” […]

Many analysts, trading tutors and market commentators, will often discuss the various trading styles and suggest that novice and intermediate level traders should become aware of the four key classifications and match their psyche accordingly to that trading style. The four key trading styles being; scalping, day trading, swing trading and position trading. However, and

If you’re one of the trading savants, who discovers forex trading (by accident or design) and immediately figures it all out, becoming profitable within weeks, whilst building up your small account to a large account, without suffering much in the way of losses and experiencing no drawdown, then look away now, this article will be

Although they’re often classed as “soft data” metrics, sentiment readings are invaluable when attempting to determine the direction of forex currency pairs. Examples of hard data economic calendar results would be: •    Unemployment •    Inflation •    Official economic numbers (manufacturing growth, GDP growth and interest rate decisions) Soft data would be classed as: •    Sentiment

It’s one of the most used (overused) tropes, in relation to technical analysis; “technical analysis lags, it can never lead” and in many ways such a claim is absolutely correct. The vast majority (if not all) of the technical analysis indicators we use, plot their path based on what’s happened and not what’s going to

I conversed with an old trading acquaintance recently, we first met over the internet, discussing trading ideas on a trading forum, back in the early part of this century. Wow, doesn’t that make me sound old? I’m only talking back in 2005, not 1905. Anyhow, the good news is that he’s still trading (successfully) part

Many experienced and by definition successful traders, are fond of referring to the 3 Ms principles of trading and insisting that you embed these principles into the trading plan you create, a working plan that you should never deviate from, other than with micro adjustments, in order to perfect your overall strategy. You’ll read and