*Trade 115 and 116 can now be cancelled as the market has fallen away without our orders being filled.
What Separates the Forex Trading Beginners from the Pros?
May 18, 2012 By Leave a Comment
There are a number of surprising factors that separate the forex trading beginners from the professionals; and I would like to take you through some of those factors today. To begin with, beginners seem to innately think that the professionals spend every waking moment looking at their charts; but this is probably the opposite [...]
Trade Example – USD/JPY
May 18, 2012 By Leave a Comment
I have a trade example for you today on the USD/JPY forex currency pair, which is the exchange rate between the United States dollar and the Japanese yen. This is a set up that I saw unfolding live and thought about taking, but in the end I decided against it for reasons that I will [...]
*Trade Alerts* (115,116)
May 17, 2012 By Leave a Comment
Prove You Are Serious About Trading Forex!
May 17, 2012 By Leave a Comment
If you want to prove that you are serious about trading forex (either to yourself, your spouse, or even your parents), then to begin with – here is what you don’t do. You don’t do a bit of research online and then start trading with a live account right way. You do not make ten [...]
Trade Example – AUD/JPY
May 17, 2012 By Leave a Comment
I have a trade example for you today that highlights the importance of setting trailing stops. The trade comes on the AUD/JPY forex pair, which is the pair for the Australian dollar and the Japanese yen. To begin with, take a look at Figure 1. This is the daily chart for the AUD/JPY [...]
*Trade Alert* (114)
May 16, 2012 By Leave a Comment
A Forex Holy Grail: Does it Exist?
May 16, 2012 By Leave a Comment
A big question among beginners to forex trading is whether or not a holy grail to forex trading exists or not? Beginners seem to spend countless hours looking for that elusive system that just works and will lead them to untold riches. I myself have had such eureka moments many times, only to later [...]
Trade Example – EUR/USD
May 16, 2012 By Leave a Comment
I have a trade example for you this morning on the EUR/USD forex currency pair, which for those of you that don’t know is the pair for the euro and the United States dollar. To begin with, I’d like for you to take a look at Figure 1. This is the daily chart [...]
Overtrading Without Really Knowing It
May 15, 2012 By Leave a Comment
If you have been reading these daily forex-related articles for a while, you should know by now that money management (and by association, risk management) is key to being successful in the forex currency markets. However, there are sneaky ways that the market can get you to overtrade without you really realizing it. [...]
