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Trade Example – EUR/GBP

There is not a lot setting up at the beginning of the new trading week in the forex markets, but there is a good example of a pin bar setup in a bearish trend on the EUR/GBP pair (which is the pair for the euro and the British pound). So without further ado, let’s take […]

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MT4 Forex Trading and Mac Computers

I am a big fan of MT4. In my opinion, it is the best platform to trade forex off. But over the past few years, I have had one major gripe with it – that it has not been available for Mac computers. Yes, as you may have guessed, I am a Mac user, and […]

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Staking Plans – Level Stakes or Alternatives?

Just like in the world of professional gambling, trading forex requires traders to decide on the stakes that they are going to trade with. The simplest way of doing this is to trade with level stakes. For example, if you have a bank of $10,000 to trade with, you could trade with $100 level stakes, […]

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Brokers and Commissions

When choosing a forex broker and the type of account you sign up for with them, you should consider whether there will be any commissions involved in your trades or not. However, just because there are no commissions, or vice versa, does not necessarily mean that it is better for you. Let’s explore this issue […]

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Trade Example – XAU/USD (Gold)

There is a possible trade setting up on the XAU/USD pair at the moment (which is the pair for gold). Figure 1 shows the setup in question. This is the daily chart for the XAU/USD pair, and in the middle of the chart I have drawn a horizontal green band to show a very strong […]

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A Light-hearted Look At Probabilities

As trading forex is such a serious business, for today’s forex-related article, I would like to move down a few gears and take a bit of a light-hearted look at probabilities and why they are important.   Let’s start with the national lottery. If you play the national lottery, you will know that you have […]

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The Difference Between Trading Forex and Trading Stocks: A Comparison

Today, I would like to talk about the differences between trading the foreign exchange markets and trading the stock markets. One might think that if you can trade one then you can naturally trade the other. But the different markets require very different trading methodologies, and there are a number of good reasons why this […]

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Revisiting the Market Gap

I have already talked a little bit about the market gap recently, but I would just like to provide you with one more example of this phenomenon as there was another good example of this today. If you take a look at Figure 1 you will see the daily chart for the USD/CHF pair (which […]

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The Question of Moving Up Stops

The live trade on the GBP/USD pair today really rammed home the importance of moving up stop losses when a trade moves into profits, and I would thus like to talk about this issue in a little more detail today.   The question of moving up stop losses is a tricky one. This is because […]

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