Advanced Forex Trading
Let’s chat about the CPI; I mean the PPI!!
I don’t know about you, but when I started trading the Forex markets back in the day, I BARELY EVER focused on “the PPI”! I couldn’t care less, to be honest, and for a very long time, I never paid attention to this economic news event because I thought it was just something fancy for the traders at the bank.
Do You Have the Money OR Is It Just An Illusion?
Have you ever been sold a dream? All sunshine and rainbows, the greener side of the fence, the better products, and all those dreams?
Never Be Afraid To Change Your Bias
At the time of writing, I’ve had an incredible week. Filled with opportunities and trade setups that would have you questioning whether or not we’ve actually come to the end of the year! I mean, seriously, since when are the markets so volatile in December??
Average Directional Index (ADX) Indicator
Today we will look at another uncommon indicator that isn’t really spoken of in the Forex trading community.
Remember the first day you were introduced to algebra in math class, and you were so confused? Okay, maybe not all of you, but for the majority of us it was the case. However, by the end of the term, you understood the concept.
Risk Of Ruin In Trading
HOW TO LOSE ALL OF YOUR MONEY TRADING FOREX! Traders with some experience may have heard of the term, but I guarantee you that a lot of traders don’t understand it.
That opening line may have scared you, but don’t worry, because the point of this is to learn how to reduce the risk of losing your capital.
Managing Correlations – Should You Split Your Trades?
Correlations between currencies can be challenging to manage, but it’s not impossible. As long as you have a basic understanding of what correlation is and how it occurs between two or more pairs, strap in your seat belts for some excellent techniques!
How To Use Bollinger Bands
Bollinger bands are a technical analysis indicator that consists of an upper, a middle (simple moving average), and a lower band. Usually, price action will be contained within the Bollinger bands, although breakouts do occur.
This indicator can be a great asset to technical analysts because it can be used to gauge market conditions, spot entry opportunities, and set targets.
Marking Up The Zones
It is of the utmost importance that you know how to mark up zones in the Forex market. When you can mark these zones correctly, you are able to see why price reacts a certain way around a zone, whether that be support or resistance.
How Brokers Make Money – Beware Of These
Often as a Forex trader, the first thing you want to do is just make money without really looking at the reasons why you may not be making money, or rather the reasons for losing trades.
Now, don’t get me wrong it is vital to focus your attention on having great winners, but it is equally important to focus on the small losses…
Impact Of Housing Data On Forex Trading
Do you remember the housing market crash in 2007 and the financial crisis that followed in 2008?? Like myself, you may have been too young to understand what was going on.
BUT those who worked for Lehman Brothers, and other major banks, will never forget it.