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Only Taking Trades That You Cannot Refuse

In the popular book series Market Wizards, one of the ultra-successful traders in the book comments that he waits until there is money in the corner, and he simply goes and picks it up. This might sound like a strange comment, but there is actually a lot of wisdom contained within this simple statement for […]

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How To Create Your Very Own Forex Trading System – Part 1

This is a two-part article that will explain, step by step, exactly how to create your very own forex trading system. This is only a template, the scaffolding, as it were, to create a workable and profitable system – but ultimately, it is up to you to provide the creativity with regard to ideas. So […]

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Signals Service Review – 35 Pip

  I am currently looking at a signals service provider called ’35 pip’ (www.35pip.com). Now, if you have been reading my articles for a while, you may be aware that I am not a big fan of signals service providers, trading robots, or system sellers. This is not because I am sure that there are […]

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Trading Market Gaps in the Forex Market

I noticed a very large and pronounced market gap on the NZD/USD forex currency pair last night (the pair for the New Zealand dollar and the United States dollar) and I wondered whether it might be a good trade opportunity. This is not something that I would normally trade, but this gap was so large […]

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Trade Example – NZD/USD

  There was quite a nice forex price action setup on the NZD/USD currency pair recently (the pair for the New Zealand dollar and the United States dollar) that I would like to discuss with you, and if you take a look at Figure 1, you will see the setup in question.   Figure 1 […]

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Why Automated Trading Systems Often Fail

Many traders, both beginners and those with considerable experience, often get drawn towards the creation of an automated trading system (also known as ‘Expert Advisors’ on the MT4 platform). The attraction of such systems is that you can leave them to trade automatically for you via a computer – the idea being that your account […]

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Trade Example – AUD/JPY

There was a possible trade on the AUD/JPY forex currency pair (the pair for the Australian dollar and the Japanese yen) that would have turned out very well indeed had you taken it, and I would like to run through this setup right now.   To begin with, take a look at Figure 1. This […]

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Cutting Out Bad Trading Decisions

Today, I discussed a bad trading decision that I made and how I could have managed this trade better. This was a bad trading decision, and one that could have easily been avoided by having some strict rules to follow. This is something that I used to have, and that I will go back to […]

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Managing Trades (Trade Example)

Last week, I discussed a trade setup on the USD/CHF forex currency pair (the pair for the US dollar and the Swiss franc), and today, I would like to discuss the result of this order, and how you could have managed the trade better than I did.   To begin with, just for a little […]

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