A common question I am asked about trading is how long does it take to be successful in forex. Well, it takes time to fully master forex trading – roughly 2 to 3 years for most people. So for all the newer traders starting out, I created an infographic that lays out the road to […]
MT4 has alarms but the entire system is clunky and not very user friendly. For this reason I developed a useful MT4 indicator called…. The Alerter! The indicator turns every line on your chart (including trend lines) into an alarm. You can of course deactivate any lines you do not want to act as alarms. […]
Hey guys, Today is day 2 of the Jackson Hole Symposium and the big event of the day is the highly anticipated speech from Bernanke. The markets have shown a lot of indecision this week, as you see on the 4hr chart below, EUR/USD has tightened up into a wedge. In my opinion this is […]
This week’s tip is simple…. DO NOT TRADE TIRED! I cost myself 70 pips last week on a E/U trade because I was trading tired. I had a very late night and woke up to my chart alarm going off after only 2 hours sleep. In my tired stupor I somehow stumbled to my computer […]
This week’s tip is all about making Metatrader easier to use. Metatrader comes with a whole lot of very useful hotkeys that can speed up navigation of the platform and improve efficiency. Getting accustomed to using hotkeys can be a little annoying but it can potentially improve your trading. Being able to navigate your platform […]
I have been working closely with a small group of newbie traders recently. Working with newbies has forced me to remember a lot of Forex knowledge that I have forgotten. A lot of this knowledge has become instinctive in my trading so I use it without knowing or thinking about it. One of these pieces […]
I was asked today in the Forex forum and if it is safe to trade this week after the news that Americas credit rating was downgraded. I am sure this is a question many traders are asking today so I thought I would make a quick post to answer it. Short answer is – Yes […]
Since Forex4noobs was created over ten years ago, there is a common issue that new traders face which can be difficult to overcome – how to use your trading method. This issue affects traders who have gone through the basics and are still struggling to generate profit. Typically, these students are those who: Fully understand […]
Over my 15 year trading career I have been asked countless questions about Forex trading but the questions around growing an account are the most common. These questions are probably familiar to you: How long do you think it will take to grow my account from $1,000 to $50,000? How long until I can quit […]
Sorry, this webinar is over four years old and I no longer have the recording. You can check out my latest webinar recordings here though. Have you ever wanted to grill a full time trader on their method? Well, if you join me this Wednesday in my webibar, you can! The problem with webinars is […]
On the 8th of May I held an free advanced reversal trading webinar. The webinar went extremely well and it has received tons of great reviews. Reversal trading is the cornerstone of my Forex trading strategy and it makes me upwards of 5,000 pips per year. It is one of the most efficient, profitable and […]
I’m back Have you experienced a moment in life when the veil drops and you have a moment of absolute clarity? Well I had one of those moments in which I realized I was not making the most of my career as a Forex trader. When I think about what trading Forex brings me one […]
Over 80% of my trades are successful. Last week I was trying to think of articles to write. Then it dawned on me, I win more than 80% of my trades. So I should analyse why I win the majority of my trades and write a series of articles, explaining my secret. “What is a […]
Recently I have been noticing a huge influx of newbies entering the market who do not bother checking for news releases. This can be a critical mistake as news releases can turn a good trade bad in seconds. I realise many of you reading this blog are not absolute newbies so you may already check […]
You spot a great GBP/USD trade set up. You check ForexFactory to see if any news is due out. You confirm your analysis and remind yourself of your money management rules. Finally, you go back to your platform and take a short. You are targeting 40 pips and almost immediately your trade goes into profit. […]
Recently I have been making some changes to the way I trade. My method has always consisted of two trading techniques; break out trading and reversal trading. I use both of these techniques, in my day to day trading, but there is always a more dominant technique. From mid-2005 through to 2007 reversal trading was […]
What Warren Buffet has taught me about Forex Warren Buffet is a personal hero of mine. His story has always inspired me and he is one of the reasons I do what I do. So here are some of his most famous quotes, with a few thoughts on how they relate to Forex. 1. “Beware […]
You’re sitting here reading my blog and, so you’re probably a Forex trader, or considering becoming one. And you’re probably looking to to trade Forex using price action. There’s nothing wrong with that at all. But are you having fun? Maybe you’ve been trading for a while, or maybe you’re a newbie just learning the […]
Hey guys, Just a quick heads up for those of you getting ready to trade this week. I usually steer clear of trading US Thanksgiving week as the market can become unpredictable. if you’re a newbie or if you simple want to play it safe you should consider taking this week off. Personally I finished […]
Thanks go to Pharaoh over at forexpeacearmy.com for the information that allowed me to write this post. I think most of us will agree that the CFTC and the NFA can be pretty annoying. With the new regulations they have forced on the Forex market, leverage for Americans has dropped to 50:1 on the majors. […]
