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Dec 13, 11 •
3292 Views •
Forex Trading Articles •
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Comments Off on Choosing Our Forex Trading Strategy To Match Our Trading Personality
As many readers will know I’m a swing and or position FX trader. I use the “and or” not as an excuse or to hedge my bets (excuse the pun), but to illustrate that I’m comfortable trading off higher time frames looking for set ups that...
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Dec 9, 11 •
9958 Views •
Forex Trading Articles •
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9 Comments
“Avoid having your ego so close to your position, if your position falls, your ego may fall with it.” – Colin Powell Thomas F. Basso was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the...
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Dec 8, 11 •
4966 Views •
Forex Trading Articles •
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1 Comment
“We hear only those questions for which we are in a position to find answers” – Friedrich Nietzsche. It’s often stated that in our forex community we all eventually gravitate to position trading. Having tried every indicator combo,...
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Dec 8, 11 •
6377 Views •
Forex Trading Articles •
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6 Comments
We left our discussion on the subject of the EUR/USD pair, as luck (or more likely probability) would have it, price aggregated at 13400 during the compilation of the article. I left readers in ‘suspense’ as to which direction price would most...
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Dec 6, 11 •
3754 Views •
Forex Trading Articles •
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Comments Off on Round Number Trading
In a previous article we discussed the concept of being a “level headed trader”, we looked at support, resistance (the three levels thereof) and the daily pivot. There is also another incredibly important level which forex traders must monitor...
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Dec 5, 11 •
3337 Views •
Forex Trading Articles •
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Comments Off on Two steps forward and one step back. Recognising the impact of cognitive dissonance on trading
It's accepted wisdom within our forex trading community that in order to become successful and consistently profitable forex traders need to completely re-configure their 'personal hard-drive'. As part of this de-fragging exercise traders need to...
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Dec 2, 11 •
4615 Views •
Forex Trading Articles •
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2 Comments
'An unfortunate thing about this world is that the good habits are much easier to give up than the bad ones…" We published a frank admission by our losing trader earlier in the week. If readers recall the admission dated back to 2006 and...
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Nov 29, 11 •
4753 Views •
Forex Trading Articles •
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Comments Off on Soy Un Perdidor, I'm A Loser Baby
In the late 1980s and early 1990s, Beck was a homeless musician in New York City. He returned to his hometown of Los Angeles in 1991 due to financial struggles. Described by his biographer Julian Palacios as having "no opportunities whatsoever",...
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Nov 29, 11 •
8783 Views •
Forex Trading Articles •
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2 Comments
“Anyone can see an entry, the real skill is exits and over a lifetime of trading you’ll never get them right and you’ll never be 100% happy with them..” Many traders reach a ‘paralysis’ stage in their trading, they feel and...
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Nov 28, 11 •
5710 Views •
Forex Trading Articles •
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1 Comment
The perceived wisdom within our forex trading community, is that markets range 70-80% of time. It’s therefore essential that FX traders easily identify ranging markets and learn to either take advantage of this phenomena or (if a swing/trend trader)...