Of all the: terms, patterns, indicators and tools used in trading, the word, allure and concept of “Fibonacci” stands out as the most mysterious and evocative. It’s legendary use in mathematical calculus, lends it an authority not associated with the modern, most commonly used chart indicators, such as the: MACD, RSI, PSAR, DMI etc. It […]
Fibonacciand its Application to Forex Trading Read More »
We love to experiment as traders, if we didn’t have that capacity for intellectual curiosity and experimentation, then it’s highly unlikely we’d discover markets to invest in, or trade forex. Naturally, as part of our voyage of discovery, we begin to play around with all the component parts that make up what we’d describe as
The Heikin Ashi candlestick and its purpose in Forex trading Read More »
There’s a few fascinating quotations of ‘trader folklore’ that have stood the most testing of times, one of the most prevalent is that only 5-10% of self employed traders are profitable. This supposed firm ‘fact’ is one of the most common misconceptions within the trading community, yet it’s held steadfast as a convicted belief for
Becoming The Forex Trader We Want To Be And Becoming It Now Read More »
Can anyone recall the first time they were introduced to technical analysis, did it feel like a Eureka moment, the sudden discovery that something happens when certain ‘numbers’ or horizontal lines on a chart are reached? Occasionally it’s worth reverting back to those sunnier more innocent days, particularly if, as many of us do from
All You Need To Trade FX Is A Couple Of Lines On A Chart Read More »
There’s an old adage that I’m reminded of at the turn of each year; “Many people look forward to the New Year for a new start of their old habits”. I’m also quite fond of this phrase; “I make no resolutions for the New Year. The habit of; making plans, of criticising, sanctioning and moulding
Keep Your Glass Half A Percent Full To Reach Your New Year's Forex Goal Read More »
