How to Utilize Correlating Forex Pairs
As many have said about Forex trading, it isn’t rocket science, but it isn’t easy. There are so many moving parts to learning to trade the Forex market. And even beyond the basic skills every trader needs to learn, each trader will have their own preferences and nuances in how and why they make the trades they do. But for someone learning to day trade, any time they can pick up tips or pieces of advice that helps them confirm trades then it … [Continue Reading]
Understanding Leverage In Forex Trading
Although the exchange of foreign currencies can be tracked back to ancient times, the formal Forex market we are most familiar with today has been around since the mid 1970’s. In the last couple of decades the retail, or ‘over-the-counter, foreign currency market has been increasing in popularity among more novice day traders. A large reason for that is the allowances the Forex market has made for the size of its monetary … [Continue Reading]
The Difference Between Lucky and Good
In case you haven’t heard of him, Seth Godin is a business philosopher. At least, that’s what I call him. He’s a seriously deep thinker, and he applies his thinking to the purpose of understanding and improving business and businesspeople. Most of his endeavors have been in the specialty of marketing. He coined the phrase “permission marketing,” and was one of the first to recognize that, due to new technologies and consumer habits, … [Continue Reading]
Drag and Drop Stop Loss/Take Profit Levels in Metatrader 4
More traders use Metatrader 4 (MT4) than any other Forex trading platform. That isn't to say that more professional traders use this platform - just that it is the most popular Forex platform overall. I personally use Metatrader 4, but it does have its limitations. Most of these limitations have a workaround, as I've shown you in my article, How to Create Custom Time Frames in Metatrader 4. Certain limitations, however, do not yet have a … [Continue Reading]
Featured Post
Is Trading Forex Binary Options Right For You?
Trading currencies can be a daunting task, especially for newcomers to the craft. Success requires time, study, and practice. There are no shortcuts for experience, unless you have a Forex veteran at your side to guide your early forays into the market. Beginners, however, quickly become impatient, start upping the size of their positions, and soon succumb to market forces, just another casualty in the graveyard of Forex fatalities. Casualty rates can be as … [Continue Reading]
My Trading Journal
Recent Posts
A Simple Trading Method That Works
The Forex market can be tricky to trade. It can often deceive you into thinking it is either way too hard to trade in or way too easy, and in the long run neither is true. However, if you learn a simple trading method that works, and combine that … [Continue Reading]
How to Utilize Correlating Forex Pairs
As many have said about Forex trading, it isn’t rocket science, but it isn’t easy. There are so many moving parts to learning to trade the Forex market. And even beyond the basic skills every trader needs to learn, each trader will have their own … [Continue Reading]
Infinite Prosperity 100-Trade Test Update
Happy New Year! As many of you may already know, I've been testing a new system specifically tailored for the Forex market. The system comes from the Infinite Prosperity course, and it includes 3 separate swing trading strategies. If you follow … [Continue Reading]
Top Dog Trading Reviews: Foundations Course 1 & 2
If you've ever tried your hand in the market, whether you're trading currencies, stocks, futures or commodities, you know that it can be very risky as well as very lucrative. Some say that you can't beat the market, however, there are countless … [Continue Reading]
Tips for Ensuring the Support of your Partner
You know how to build a good support system for your job as Forex trader – you have a broker you can trust, you have forums and websites where you learn and discuss ideas, you may have several trader friends with whom you converse on a daily basis. … [Continue Reading]
Is Computer-Assisted Trading the Future?
Boris Schlossberg published an interesting article this weekend in his weekly column, “Thoughts on Trading.” Boris, in case you aren’t familiar with him, is one-half of the BK Asset Management trading team, founders of BK Forex. He appears … [Continue Reading]
Getting Closer to the Edge of the Cliff | WEEK 50 FX MARKET REVIEW
EUR/USD The U.S. Dollar was one of the worst performers for the week, as more easing from the Federal Reserve led do a decline across the board, against all major currencies. The Euro/Dollar closed at $1.3161, a gain of nearly 2%. Much of that … [Continue Reading]