Profitable Forex trading requires a plan Before I give you my five tips for better trading, you need to know one important thing… … If you do not have a trading, risk, and money management plan. You may as well quit trading today. If you want to be a successful trader, you must have proper […]
I first wrote this blog post all the way back in 2012. Since then, trading range bounces has remained one of the best setups in price action trading. The win rate of range trading is the best out of almost all setups that I use with price action. That can be true for you as […]
Over the last three weeks I have been asked ‘why do your 4hr charts look different to mine?’ over twenty times. In this post I am going to explain why 4hr charts can look different from broker to broker. Forex Broker Server Time A Forex brokers server time is different to a brokers platform display […]
Have you ever wanted access to the live streaming Forex news feeds the the big-boy traders use? Unfortunately people like me and you cannot afford to pay several thousand dollars each month to Reuters or Bloomberg for live news feeds. That is where companies like talking-forex.com come in. For a tiny fee they deliver via […]
Hey Guys, Earlier this week I promised that I would be releasing an update to my trading method. Well the update is finally here! As you probably know my key goal in Forex is to keep things as simple as possible. With this update of my method I have further streamlined and simplified things. So […]
Have you heard that 90% of new Forex traders fail? I am sure you have, everyone has. One point I always try to get across to new traders is the majority of new traders fail why do what the majority do? It is actually pretty logical when you think about it. The majority of new […]
This week’s tip is short but sweet. In Forex it is extremely easy to fall into a losing streak. In the flash of an eye a few bad trades can turn into a lot of bad trades. There is an easy way to avoid this though….. If you lose three trades in a row take […]
If you know much about me and what I try to do with Forex4Noobs you know that my ethos is to keep trading simple. Last week I spoke to a newbie who is having a tough time finding consistency in his trading. This newbie went on to tell me that he is trading four systems/methods […]
I am starting a new series of posts with a simple tip every Tuesday. Here goes…… I know this tip is somewhat redundant and I would wager the vast majority of people reading this already know the basics. However, last week I spoke to a newbie trader who did not know the basics, this is […]
I get several emails per month with people asking me to recommend single services. My response to these emails is always the same. “Even if you manage to find a good signal service, you might make some money for a while, but it will not last!” If you want to make money in Forex you […]
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 […]
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 […]
