Lessons

System vs Discretionary Trading… The Answers

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There has always been a long running battle between traders as to which method is best. System traders will tell you that their method is best, and the Discretionary traders will tell you that their method is better. So, who’s right and who’s wrong? Exactly… No one, it all depends on what suits you best.  […]

Lessons

The Best Forex Back Testing Guide

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If you’ve heard of Forex Back Testing but you’re unsure how to go about it. Then this guide is for you. Just like in any other business, experience is the key in order to be a successful Forex Trader. Time spent Developing a trading system, that will define the way how you approach trading, is […]

Lessons

What’s a Stop Loss Order, and How to Use It?

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Stop Loss Order

The pros and cons more pros of stop loss orders, and the different ways to use them. Let’s face it. The market will always do what it wants to do and move the way it wants to move.  Every day is a new challenge, and almost anything from global politics, major economic events, to central […]

Lessons

Forex Channel Breakouts

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Forex channel breakouts are one of the best trading strategies a Forex trader could hope for. The chart above is a daily one for the AUDCAD (Australian Dollar against the Canadian Dollar), so every candle represents an entire day of price action. The chart goes from eary December of 2015 through July of 2017. In […]