Hey Guys, It’s been a while since I last posted. Sorry I haven’t been around much but I have been busy with a family emergency. It’s also Christmas time so I have been running around like crazy, organizing Christmas and buying presents. I am back to trading now so let’s take a look at the […]
Imagine a small losing streak of just 5 trades risking 1% on each; it would cost you nearly 5% of your account. Think about that for a second, 5% of your account wiped out, by just a handful of bad trades. If you’re a trader, that should scare you. For a trader who has been […]
Meet Jack: Jack is a professional trader. He makes all his money trading the Forex market. He has been trading for five years. He is patient, disciplined and, in his trading, he is fearless. Meet Tom: Tom is a newbie. He barely manages to break-even with his trading. He has been trading for six months. […]
Are you a born trader? I’m not. Recently I came to the realization that I have two distinct personalities. There is ‘Nick’ and there is ‘Trader Nick’. I had to create this second personality to do my trading. You see I am a terrible trader because I am: Impatient A risk taker I do not […]
This candlestick analysis article was written in 2008, while it is still perfectly valid today, I have expanded on the subjects discussed here. To read my most current articles on candlestick analysis, check out my free price action strategy. People are often told how to trade candlesticks by identifying patterns. The problem with identifying patterns […]
If you’re trading GBP/JPY, or one of the many other pairs that are moving so painfully slowly right now, you might think that the past two days have been boring. Well, the truth is they have been pretty boring. Ever the optimist, I think there is a great learning opportunity in a market like this. […]
Funded trading can be a great way to make some extra money with your forex trading skills. But is it all it’s cracked up to be? Let’s dive into the pros and cons of funded trading! Let’s start with the cons of funded trading You have to take a test before you get access to […]
