Currency Trading

Trading Mistakes That Are Easy To Fix

trading mistakes you can fix

Whether you have been trading for years, manage millions or are just starting, we all have something in common. We all make trading mistakes. Finding trading success is never a direct route and there are many pitfalls a trader can fall into. There are those mistakes that are easy to... Read moreread more

Overtrade To Scratch Your Chance Of Success

overtrading forex account

There are many draws to trading the currency markets which has made it the most marketed trading vehicle for trading systems. As a retail trader, you can get started with an initial deposit so low that is unheard of in any other markets. Add in the 24-hour nature of the... Read moreread more

Scale Out Trading Profits

scale out trading profits

To scale or not to scale out your trading profits, that is the question. The answer though depends on you and what your priority is in trading. In my swing trading of the currency markets, many times I take some profits off the table and keep them safe in the... Read moreread more

The One Trade Habit You Must Never Forget

trading habits

Nothing exists as the only way to trade. There is no one singular trading edge. There is however one trading habit that all traders that wish for success must follow and that is to consistently apply your edge every time you face your charts. For many traders that I know,... Read moreread more

Forex Swing Trade Error

swing trade mistake

I messed up on a swing trade and it cost me money. The hardest part of the entire event is that I know better and have written about it many times in these trading tips blog posts. Yes the trade made money which is much better than taking a loss... Read moreread more

Secret Of Swing Trade Exits

secrets to swing trade exits

I’ve recently run a series of trading posts that used actual live Forex swing trades to hammer home points in the articles. In 4 Simple Trading Tools, I talked about simple concepts and trading patterns that you can build your trading career upon. Stand By Your Trading Choices was all... Read moreread more

Preparing for Financial News

A big problem for many traders is that they want to simply apply one trading strategy to a market all the time. However, markets act quite differently depending on what’s going on technically and fundamentally. Without taking such factors into account, it’s easy to think that a strategy that loses... Read moreread more

The Best Forex Trading Tools

When you’re just starting out, learning to trade Forex can be stressful and time consuming enough without having to find the best Forex trading tools online. There are literally thousands of websites offering various different tools to traders but that can be a problem. As a newbie, it’s easy to... Read moreread more

The Demise of Overtrading

Exausted Trader

Overtrading.  We know the term but some think of it as simply taking too many trades in their chosen market.  I want to explore this topic because many traders that lose in the markets are experts at overtrading.  To be even more blunt, by the time they realize this is... Read moreread more

Own Your Mistakes

Day Trading Mistakes Cost As expected, the EURO gave back all the gains it made on Thursday and it did so with a vengeance. The massive buying of the USD by the BOJ surely helped the freefall we saw in the Euro. In deciding which trade to make a video... Read moreread more

Day Trading Using Pure Market Structure

The Art of Trading You have asked and now receive another video using pure market structure to trade off of. This is a short play in the AUDUSD currency pair that I had “on the books” for a few days. The only issue with this trade was there was not... Read moreread more

Price Tells a Story

To chase or not to chase That is the question. Well, not really. It is a no brainer to know that chasing price is a sure way to increase your risk, decrease your profit potential and, in time, probably blow your account. It can be tough to not pull the... Read moreread more

The Contextual Aspects of Trading

Where are orders placed in the market? If you knew that, you could no doubt take your own trading up a level. In this video of a buy on the EURUSD currency pair, I wanted to walk through the trade and highlight why I targeted a certain area. In the... Read moreread more

Trading the GDP Release

Trading the News …after the News: GDP Release: Canada, July 29, 2011 Are all news releases created equal? No, as some have more market impact than others. The GDP (Gross Domestic Product) release has the potential to have a big impact at least in the short term. Like many news... Read moreread more

Trading with the Sharks

I always find it interesting when I hear or read people say that the spot FX market is too big to manipulate. For the average retail trader, make that all retail traders, it is impossible to manipulate. Believe me, your order is barely a blip on the screen. It takes... Read moreread more

There is Another Train

One of the toughest events that a trader will face is missing out on a move. You have probably already had it happen to you. What I find very interesting is traders will usually feel more “pain” if they stand aside according to their plan then they would when using... Read moreread more

The AUD Train Leaves the Station

If you have read any of my other articles, one question I love to ask is “what would you do”. When I ask that question, I am referring to an event in the market and how you’d handle not only the psychological aspect but also what your action would be.... Read moreread more

Netpicks Trade of the Month – April 2011

here were so many great trades this past month that it’s hard to decide which one to talk about! I recorded a video in our weekly educational email about trusting your system. I showed a swing trade on the USDCAD that with patience, paid off. Well, after 4 days of... Read moreread more