This was a slow week. It started out strong but some fundamental news towards the latter half of the week impacted our short term trades. Specifically, we saw a major reversal on the euro and the British pound, and a couple of our trades were on the wrong side of that. We were hedged very […]
When struggling Traders find out that I now Trade consistently profitably they always want to know the secret, the “Holy Grail” but go blank when I start talking about routine. Its like I’ve sent them to sleep. As previously discussed, I found my holy grail at home in the bathroom. Staring back at me in […]
There are definitely some trading mistakes that are more prolific than others. But this one just keeps rearing it’s ugly head. It is by far the most common trading mistake in all the forum’s and groups that I am a member of. Bar of course the number one all time favorite mistake of at least […]
Over–trading is almost certainly the most predominant trading mistake that Forex Traders make. In this article I will show you how it is your emotions that are leading you to Over Trade, and how you can overcome this with two relatively easy strategies. You may not even realise that you are over trading, in which […]
The day of the United Kingdom’s referendum on whether or not to remain in the EU, back in 2016, the Pound (GBP) traded against the Dollar (USD) at a rate of US$1.50 per GBP. As the voting results started to come in, and throughout the long night (I’m in the US), the GBP dropped precipitously […]
Every week as part of our Forex Trading Room (paid service), we take a look at the market prior to its open on Sunday evening (US ET) when the Asian Market comes online. We’re looking at what currencies were the big movers the prior week, and whether the fundamentals support a continuation of the trends, […]
We finished the week with a bang in the Forex Trading Room! Summary 9 trades closed, 7 wins, 2 losses 77.78% Win Ratio for the week 268.1 pips of net profit Account growth of 10.43% 1 trade held open (GBPCAD Long) Please watch the 10 minute video for the actual details, as well as one […]
Every week as part of our Forex Trading Room (paid service), we take a look at the market prior to its open on Sunday evening (US ET) when the Asian Market comes online. We’re looking at what currencies were the big movers the prior week, and whether the fundamentals support a continuation of the trends, […]
Musashi Miyamoto, a famous 17th Century Samurai, wrote a book on Strategy that is highly revered to this day by both martial artists and businessmen. Originally meant to be a treatise on swordfighting and strategy (as applied to war), it was found to be equally applicable to business, first by the Japanese, and later by […]
You know what one of the biggest factors preventing new traders from achieving success is? Unrealistic expectations. I’m not really sure if this is due to modern practices in childhood where every kid is given a trophy just for showing up, and perhaps sent by mail even if they don’t. Or shady Forex Education companies […]