Aug 12th, 2011
Forex Trading Psychology: The “Glue” of Your Forex Trading Strategy
Forex traders often forget the important role of psychology in their Forex trading and how it can affect their performance as well as how integral it is to their overall Forex trading strategy. If you really want to succeed in the Forex markets you will need to make sure that your mind is in the right place. This is perhaps the most difficult part of trading and the area that gives traders the most trouble. Let’s discuss some practical ways that you can begin working on your Forex trading psychology to get it on the right track…
Feb 28th, 2011
A Mechanical Forex Trading System Is NOT the Answer for Profitable Trading
The internet is over-flowing with websites trying to sell mechanical forex trading systems to traders who have not yet learned why such trading systems are simply not effective for producing consistent long-term trading results. Let’s discuss some of the reasons why you should be using non-mechanical trading methods instead of rigid trading systems that do not teach you anything of value.
Feb 13th, 2011
What is the Best Forex Trading Strategy?
The best forex trading strategy is one that tells you when to enter the market at exactly the right time right? Wrong. The truth about forex trading is that we can never be 100% sure when the perfect time to enter the market is, all we can really do is put the odds of success in our favor. So, the best forex trading strategy will be the one that puts the odds of success in our favor with as little confusion and frustration as possible.
Dec 13th, 2010
Forex Trend Line Trading Strategy
Learning how to properly use trend lines when trading the forex market can add yet one more tool to your technical analysis tool box. However, trend line analysis is rather subjective, so, there are some general rules of thumb you want to keep in mind when trading with trend lines.
Jul 26th, 2010
Support and Resistance Forex Trading Strategy
A thorough understanding of how to effectively use support and resistance is crucial for any aspiring professional forex trader. There are essentially 4 primary ways to implement support and resistance levels into your forex trading routine. The 4 primary support and resistance forex strategies include:
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