Stops are a necessary evil for any trader who wants to stay in the game. Some traders may try to avoid using stops but all it takes is one surprise headline and the game is over. I...
My name is Jay Meisler, veteran forex trader, creator of The Amazing Trader and here is my story. The Amazing Trader Story As a bank trader, fund manager and independent trader, I have always displayed an uncanny...
In this article, we are going to show you the very basics of how to create your very own mechanical trading system. Mechanical trading systems are rules-based systems that generate trade signals for you to take. This...
Since a built-in risk management tool was added to The Amazing Trader (also as a stand-a-alone), I have been thinking how well it instills discipline into one’s trading. This also got me to thinking about leverage and...
What is Divergence Trading? The dream of every trader is to take a low-risk, high-reward shot at making a big splash in the market. This is exactly what skilled traders are able to do when they trade...
As I watch the forex market continually get jerked around, including news algos, which react to headline keywords rather than the substance of a story, I wonder whether artificial intelligence can ever replace human traders. I call...
A trading plan is a critical component of success for any forex trader. Without a trading plan, it is very easy to make rash decisions based on emotion, rather than logic and reason. A trading plan provides...
One of the obstacles any trader has to overcome if he/she wants to move to the next level is muscle memory. For me, it is like trying to improve my golf swing. I take a lesson but...
This kind of a question is with us in one form or another , for as long as Human Civilization exists. First Plough, first Steam machine, first Electric bulb, first Computer …..million “First” things human invented and...
Does your trade have momentum? If you want to know where the momentum of a certain currency pair is relative to its recent opening and closing price, there is nothing better to use than the Williams %R...
How to Use Bollinger Bands Those who trade will need to use a variety of tools to get their trading off the ground and working for them. One of the tools to include in any toolbox is...