When you turn on your computer each morning and you look at your favorite forex pairs, can you tell me exactly what levels you are most interested in taking action on? Can you give me a good argument as to why you would be looking for longs or shorts at these particular prices? If you can’t answer these two questions … Read More
One’s Over Reaction is Another’s Opportunity
Volatility has ticked up in recent weeks. It’s about time. The major U.S. equity indices and currency markets have presented some sizable intraday movements. Uncertainty is beginning to re enter the markets. This is the time when traders shine the most. This is when the average traders improve and the good traders become great. Investors and uninformed watch their accounts … Read More
Forex: Trader of the Future
Ever wonder what the professional retail trader will look like in the future? I often wonder since I know how important it is to constantly evolve with the game. If you think what works today is going to always work, then you will be left behind. Human behavior does not change, but regulations, volatility and access to information does and … Read More
Forex: Are You Really In Tune With Order Flow?
Newer traders usually are faced with similar information early in their learning curve. Much of it revolves around traditional sources of information: charts, fundamentals and news reports. People are conditioned to believe that these sources of information are accurate, reliable and actionable. They base their trading decisions on such information and often wonder why they cannot find consistency in their … Read More
Forex Trading Realities: The Ebook
I wrote a 38 page ebook titled, “Forex Trading Realities” and wanted to take a moment to let you know what it is about and why I wrote it. The retail forex business in which we are a part of is infamous for misleading information, misguided analysis and trade stimulating ideas offered by brokers, marketers and others trying to profit … Read More
Forex: Are Futures better than Spot?
These days traders have so many choices in terms of what instrument they want to use to express their opinion in the markets. There are mini futures, cfds,spot, ETFs, and regular futures contracts not to mention traditional stocks and bonds. So spread capital amongst all these products and combine that with a general lack of trust from the general public … Read More
Forex: Where’s the “Easy” Button?
Many new traders are looking for a trustworthy resource that will hand them a strategy with a high percentage win rate, a stellar track record and a very short learning curve. This is reminiscent of the many attractive young women in New York City today who according to their online dating ads all seek the same guy: tall, handsome, full … Read More
Forex: Tough Markets Don’t Stop Good Traders
The recent market environment in the forex world has been challenging to say the least. Many inexperienced traders who refuse to recognize these conditions continue to employ strategies that do not perform as well as they did previously. Many more get discouraged and quit trading altogether. The key to getting through tough conditions is to first acknowledge the particular conditions … Read More