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...
In trading, swing trading is a type of strategy that tries to take advantage of the natural rhythms of the market. This involves identifying a possible trend and then holding the trade(s) for some time, from two...
Is Day Trading Right for You? Day trading is a trading style that can be profitable if you have the right approach. This type of trading typically involves holding trades for a very short period of time-usually...
Is Scalping Right for You? Scalping is a trading style that focuses on taking small profits in the shortest period. Scalpers can place up to a few hundred trades in a single day, seeking small profits of...
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...
I was recently asked how to become a forex money or fund manager. .This got me thinking about how I could guide those looking to manage funds and what it takes to become a forex and/or asset...
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...
If we all always knew when the appropriate moment to take profit on a trade was, then there would be a lot less chaos in the markets. We would all be armed with the precise knowledge that...
Let’s start with the assumption that the MoF/BoJ have reached their point of pain. I am not saying this is the case but it pays to be on intervention alert. After looking at this chart from Friday...
Truly professional traders know that it is their responsibility to trade with the best and most useful tools possible in order to achieve the best results. This may sound simplistic, but there are far too many amateur...
Newsquawk.com Week Ahead 22nd-26th April: SAT: Bitcoin Halving Event (estimate) MON: PBoC LPR, US National Activity Index (Mar), South Korean PPI Growth (Mar) TUE: EZ/UK/US Flash Manufacturing PMI (Apr), US Richmond Fed (Apr), NBH Announcement, New ZealandTrade Balance...
The Stochastic Indicator is a favourite among newer traders because it is one of the first tools that they are taught how to use, and because it is so easy to understand. People really appreciate it when...