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 […]
As Forex traders, our biggest assets are our minds and bodies. If we get sick, or we cannot concentrate, we can’t take good trades. In other words, we do not make money. Unfortunately, Forex doesn’t really require any heavy lifting, or exertion. So, when it comes to keeping our body and minds fit we need […]
This is a bit of a rant… One of the most annoying things about Forex trading is trying to describe your job to people. I cannot recall how many times I have tried to explain how Forex works to people I meet. Even some of my close friends simply do not understand what Forex is […]
Updated on June, 12th, 2015 Master candles do not work anymore Sorry to tell you this, but master candles do not work anymore. This post was originally written in late 2010, and Forex trading has changed since then. How exactly has Forex changed? Well, check out this picture… The chart above shows the average daily […]
Don’t you just hate it when you look at the left hand side of your chart and see that a gigantic move of 100s of pips occurred, although you weren’t able to take advantage of it because you either didn’t see it coming or didn’t feel certain about getting in? I want to show you […]
I have been very busy over the past 9 months. So I have been unable to pay Forex and bullrushacademy.com as much attention as I would have liked. However, now I am finally back full time! So I am going to deliver on a promise I made long ago and do a FREE short video […]
Forex trading is tough. Most websites will try to tell you that it’s easy, and that everybody can do it… … But that is simply not true. If you want to be a Forex trader, you need a strategy, you need a trading plan, and you need the right trading psychology. In this article, I […]
Hey guys, I just wanted to do a quick blog post to cover some of the questions I am asked via email. 1. Nick why is there no weekly analysis this week? I only do analysis when I am trading. If I am not trading for the week I do not do any analysis. There […]
Hey Guys, Just a quick video here with a cool little MT4 tip which makes installing and managing indicators a lot easier. Hope this helps! Do you like this tip? Then leave a comment and say thanks! And Tweet about it or Facebook it. The more comments you leave, the more people will see it.
Guest post by Kris Matthews I feel that something equally important as the strategy that one uses to trade with is psychology. Trading (especially forex) is not an easy profession and it can be disheartening when losses occur. I wanted to give you something to look forward to so you know what’s required to become […]
Hundreds or brokers scam thousands of traders every day. Recently I visited a Forex anti-scam forum and I was literally shocked by how many people get scammed by their brokers. These brokers take your money, allow you to trade, but when it is time to cash out your money they give you nothing but excuses. […]
You’ve probably heard the advice to not “chase the market” but also heard the advice to not “catch falling knives.” The former refers to getting into a trade after price has already started moving very fast, while the latter refers to trying to buy at what one may think is the bottom of the market. […]
Hi Guys, This is just a quick note on trading. I wrote this in answer to a question a newbie emailed me. Don’t put all your eggs in one basket. That and a million other clichés can be applied to your trading. While most of them are pretty useless this is one of the rare […]
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. Better late than never! I have found some time to encode, upload and release this mini webinar I held on the 15th of March. The webinar was not really planned […]
Scientific method – Scientific method refers to a body of techniques for investigating. To be termed scientific, a method of inquiry must be based on gathering observable, empirical and measurable evidence. In other words, you develop and theory and using the scientific method you rigorously test the theory in an attempt to prove it valid. […]
