How to Build a Winning Trading Plan
There are several reasons to have a trading plan, but probably the biggest is that it defines what is supposed to be done, when, and how. Here are the basics to building a successful trading strategy.
How to Identify Targets for Your Trades
It’s not uncommon to hear traders talk about risk/reward ratios in their trading. Coming up with the risk is generally the easy bit, but the reward side of the ratio can be a bit harder. John Forman provides a fairly quick and easy solution.
How is Trading Forex Different from Trading Stocks?
The foreign exchange market, often referred to as forex, is the market for the various currencies of the world. It is a market which, at its core, is rooted in global trade.
How Professional Traders Find Hidden Support and Resistance Using Market Profile
The markets will tell you where they want to go, if you let them. What it comes down to is understanding the market mechanism which underlies price moment.
How I Rode BZH from 116 to 145
I’ve had trades that have made more money, or produced higher percentage returns, but few were quite so satisfying as this one.
Pure Stupidity
I was literally sick to my stomach. My coworkers must have thought someone died. I’m sure I looked that bad. I’ll always
remember that feeling.
I work full time. Can I trade Forex during nights and weekends?
A: Absolutely. Forex is a 24-hour market, so there are opportunities for those interested in short-term trading to do so virtually regardless of the time of day. You do not need be a short-term trader in the forex market, though. Some of the best trades are made by those who only look at the market once a week.
Part III: Getting Started Trading Forex
Forex market trading is really little different from an execution perspective than most other markets. You can buy or sell.
Part II: Why Should I Trade Forex
The single biggest advantage the
forex market has over other markets is its 24-hour nature.
Part I: What is the Forex Market and How is it Different?
The foreign exchange market, often referred to as forex, is the market for the various currencies of the world. It is a market which, at its core, is rooted in global trade.
On Friday, here’s what to focus on
This Friday being the first one for the month of July, it is, of course, the day we get the payroll report.
Why EUR/JPY is about to get interesting
Narrow Bollinger Bands are generally a sign that the market is ready to do something interesting…