23rd October 2011
I’ve been coaching for a very long time, and I have to say that it’s really been a learning experience for me every day. And one of the things I’ve learned about is how successful traders are distinguished from unsuccessful ones.
I can give you the pro...
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23rd February 2011
If you are trading the forex markets without proper regard to managing your funds, I have bad news for you. You will, for sure, guaranteed, lose all of your money, sooner if not later.
Because I was once a commodities broker, I witnessed first hand t...
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18th February 2011
After trading for over 30 years, and spending 5 ½ years as a futures broker, and now having been a forex coach for over 5 years, I’ve had the opportunity to see a lot of systems come and go. Mostly go.
I think that one of the common threads among syste...
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06th December 2010
In this article I want to discuss the problem that a lot of traders bring on to themselves by not being aware of “environmental" considerations.
When we speak about the trading environment, we’re talking about the issues and developments that can affe...
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04th December 2010
During a normal trading day in the forex markets, price is going to move up and down, and will generally (although not always) make a move above the previous day’s high, or below the previous day’s low. And if you think about it, wouldn’t it be useful to ...
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03rd December 2010
I’m occasionally asked about the viability of using forex scalping techniques as either a part of your overall approach to trading, or as a stand-alone way to reliably generate short term profits.
In my personal experience, scalping can be a great supp...
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03rd November 2010
If you scour the internet looking for forex trading systems, you’ll find that there is no shortage of methods. The problem for novice traders is trying to decide which one is “the best".
But you need to carefully consider what “the best" means. “The b...
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21st October 2010
When I teach people to trade the forex markets, one of the tools that I recommend that they use are pivot points. If you’re unfamiliar with pivot points, in my opinion they would be a very good tool to learn about.
Pivots are mathematically derived pri...
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21st October 2010
Sticking to just one strategy that suits you, and that you see easily, is a great challenge for most forex traders. There are all sorts of factors that are present to pull the best laid plans off the rails.
Even after deciding to follow a particular se...
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15th October 2010
I get a lot of questions on the topic of system accuracy, and in fact I just got another one today, which prompted me to write this article.
If you had to choose between 2 different trading systems, and one had a history of resulting in a profitable tr...
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06th October 2010
I had an email from a client today regarding the movement of a stop loss. First of all, I’m going to start off by assuming that you do, indeed, use a stop when you’re trading the forex, especially when short term trading.
If you are trading without the...
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24th September 2010
A lot of people have asked me what I would consider the most major error to make when trading. Well, I wouldn’t put my finger on just one, so what I’ve done is boiled it down to 3 goof-ups that I think are probably the most glaring and damaging. These are...
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22nd September 2010
Here’s the best piece of advice I could ever give an aspiring trader: In trading any kind of financial instrument, once you actually enter a trade, you are now totally, and 100% at the mercy of the market. You have no control over what price does next. Yo...
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21st September 2010
Candle sticks are probably the most common chart type for charting forex price action, but I think traders really tend to miss some of the important information that candles give you.
There can be lots of reasons for this. In many cases “indicator fas...
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15th September 2010
One of the great challenges in forex trading (or any trading for that matter), is very simply being consistent in what you’re looking for each and every time you open your charts. And this is where pattern recognition can be such a great help.
When I t...
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