How to Read a Japanese Candlestick Chart | PRICE ACTION COURSE
Want to learn how to read a Japanese candlestick chart properly? Before we go further into this price action series, we need to make sure we're building on a good foundation. Many traders overlook the importance of shadows in price action trading. The shadows tell a story just as the open, close, and real body do. Not sure what some of these terms mean? Don't worry. In this article, I'm going to explain the basics of reading a Japanese … [Continue Reading]
Forex Market Psychology – How to Keep You from Defeating Yourself
In order to be an effective day trader you must learn to master your Forex market psychology. Not having a grip on your psychological trading downfalls can cost you a lot of money and undue stress. Understanding Forex market psychology often means understanding the mass psychology of the Forex market. For the purpose of this article we will stick with the topic of individual market psychology, or how personal psychological hangups can cost … [Continue Reading]
Metatrader Demo Account: Benefits and Uses for Successful Trading
There are many benefits and uses for a Metatrader demo account. While some uses (like training) are more obvious, other benefits of using a Metatrader demo account (like testing for drawdown) are less obvious. In this article, I'm going to show you how to get good use out of your MT4 demo account, whether you're a student or a seasoned professional. When most people think of demo trading, they picture a learning process involving an … [Continue Reading]
Forex Broker Advice: Market Makers vs ECN’s
This topic (market makers vs ECN's) is constantly discussed by traders. In this article, I am assuming that you have basic knowledge of how brokers and the Forex market operate. Most new traders start out trading with market makers, because of the minimum account size required to trade with an ECN broker. ECN brokers require a higher minimum account size, because ECN's typically make money on trader's commissions only. Lower operating … [Continue Reading]
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How to Read a Japanese Candlestick Chart | PRICE ACTION COURSE
Want to learn how to read a Japanese candlestick chart properly? Before we go further into this price action series, we need to make sure we're building on a good foundation. Many traders overlook the importance of shadows in price action trading. The shadows tell a story just as the open, close, and real body do. Not sure what some of these terms mean? Don't worry. In this article, I'm going to explain the basics of reading a Japanese candlestick … [Continue Reading]
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Trading the Doji Candlestick Pattern | PRICE ACTION COURSE
Want to learn how to trade the doji candlestick pattern? In this article I will show you what the doji formation is, and how to trade it successfully. This article will be the first in a series of price action posts in which I will reveal to you … [Continue Reading]
How To Trade Divergence Like A Pro
Have you ever wanted to know how to trade divergence? I use divergence trading strategies often, according to the Top Dog Trading system. Learning a divergence trading strategy that works should be a top priority for any technical trader. In … [Continue Reading]
Dr. Barry Burns’ Free 5 Day Trading Course
I've included a video below of Dr. Barry Burns explaining his trading course. In this brief video, Barry explains the logic behind his trading course, and goes over some of the things that will be taught in his free day trading course. Dr. … [Continue Reading]
Metatrader Demo Account: Benefits and Uses for Successful Trading
There are many benefits and uses for a Metatrader demo account. While some uses (like training) are more obvious, other benefits of using a Metatrader demo account (like testing for drawdown) are less obvious. In this article, I'm going to show … [Continue Reading]
Trading Stop Loss Strategy: Tight Stops vs Breathing Room
What is the preferred trading stop loss strategy? There are two schools of thought on this. You can use tight stops and take more small loses, or you can give your trades more room to breath at the expense of taking larger loses. Which strategy … [Continue Reading]
