I want to use this trading lesson to go into more detail about the price action pin bar setup that I teach in my free forex trading course.
I hope that by the time you have read this lesson you will understand precisely how to identify pin bars, how to trade them and how to avoid being sucked into trading bad setups as well. Read more
Learning how to trade forex as a beginner can be extremely intimidating.
I want to use this trading lesson to introduce you to some of the basic ideas about forex trading and teach you some fundamental rules and methodologies you can use to get started in the financial markets. I’m going to teach you about the techniques and strategies from my forex trading course and open your eyes to a new way of looking at the financial markets. Read more
If you are confused about brokers, dealers, introducing brokers, and all the other buzzwords in the Forex arena, in this post we will try to clear that up for you.
The facts show that the risk/reward ratio, not winning percentage, is the real key to becoming profitable and sustaining a career as a trader for the long term.
Read more
A trading plan is a definitive document that spells out everything you will do as a trader. It spells out what time frame charts you will use, what indicators and overlays you will use on those charts, how you will use those tools to determine your entries and exits. It determines how much money you are willing to risk per trade, and per day. More important it is a roadmap you can consult at any time prior to entering a trade, during the management of your trade, and after your trade. Read more
Buying and selling a market on the expectation of a higher rate of return than is currently available to you should be seen as the tip of a gigantic iceberg. Read more
Proprietary forex trading is essentially trading with your own money – it can be carried out by an individual or by an organization.
It means that the entity placing trades in the market is risking their own money, whether that entity is a new trader learning to navigate the forex market or whether it’s an institution that profits from investing their own capital. Read more
I have made a losing trade this morning. Before you start criticizing me for taking the trade, you have to know that I am still a beginner at this.
You see that red line on the chart. That is my trade. I have placed a sell limit order at 1.33229 with a SL of 1.3392 and 1.32882 TP. That’s a P/L ratio of ~1.5. Read more
If you have a Forex trading account, you have probably received emails about trading the German elections. It’s a big thing since Germany is the heart of the EU. So any surprising result would cause big moves in the currency markets. Read more
Hello World! This is my first post on this blog. I hope many will follow.
There is not much you can read here at the moment. I have an about me and a contact page ready. That’s all. Read more