Forex Trading and Miscellaneous

The definition of the words and the concept of oversold and overbought, are straightforward to understand. A security, such as a Forex currency pair, is generally considered to have fallen into this category if certain indicators, for example; the RSI (relative strength index), has entered an oversold, or overbought area. This is generally indicated by […]

The best policy when advising clients on how to enjoy a successful part or full time trading career is by being honest. Facing up to the reality; that squeezing profit out of the forex market on a consistent basis, is a difficult proposition, is essential to our personal trader growth. Without being grounded and developing

We all like certainty in our trading, in fact we crave it. In many ways it is a part of what’s often termed the “Holy Grail” of trading, that we all search for. The Holy Grail isn’t a perfect trading strategy and method that wins 100% of the time, it’s an overall trading plan with

KISS; “Keep It Simple Stupid”, is a phrase many of us are familiar with, often the simplest solution is the most efficient and effective. As we’ve suggested in previous articles; novice traders always appear to regard trading as a difficult exercise, one in which we feel compelled to expel: blood, sweat and tears, in order

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

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

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

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