Forex Trading

Forex trading remains popular with most forex traders focusing on either forex day trading or forex swing trading. Forex trading can entail trading popular pairs such as EURUSD and GBPUSD or more specific pairs such as AUDUSD, EURJPY and GBPJPY among dozens of forex trading pairs.

Effective Keltner Channel Trading Strategy

The Keltner Channel is a volatility based trading indicator that uses two bands and the average true range to set the channel distance below and above an exponential moving average, generally 20 period EMA. You use the Keltner Channel to determine when a market has stretched too far from the moving average –... Read moreread more

Best Automated Trading and Charting Software in 2018 for Forex

automated forex trading software

Forex trading software has evolved from simple broker charts and Forex trading robots all the way to Forex automation software that make it easy for anybody to enter the market and begin trading Markets of all types have benefited from technology advances and the number of advancements in online trading can boggle the... Read moreread more

Day Trading Forex – GBPAUD Walkthrough

Day trading Forex is still a viable way to approach currency trading especially when using our Spotlight Power Trader. More importantly, utilizing a trading plan on every trade you place is crucial if you expect any type of long term trading success. For our basic Forex day trade plans, the times... Read moreread more

Can I Trade With $1000 And Win At Trading?

Trade Forex With $1000

Trading is a business and like any business, you need capital to start. One of the questions we hear at Netpicks is literally, “Can I trade with $1000 and make money?” You don’t want to hear a marketing pitch but you want the truth and the truth is very simple: “We... Read moreread more

Multiple Time Frame Analysis Techniques In Forex

The multiple time frame analysis technique is something that I am sure many traders have heard of. Whether it’s the structured Triple Screen Trading method or simply looking at a time frame 4x higher than your trading chart, this analysis can assist you in a trade decision. One thing that... Read moreread more

Forex Swing Trading and the Brexit

GBPUSD and the Brexit Vote

It’s impossible to ignore all of talk about the Brexit.  The moves in the forex markets were once in a decade (or more!) for the GBP crosses.  Have you seen the GBPUSD chart? One of the reasons we stress to traders that they should really consider forex swing trading over... Read moreread more

Candlestick Patterns – The Truth You Must Know

Candlestick patters chart

All too often, I see traders who fail to understand the meaning of a price chart.  They look at different types of candlesticks and candlestick patterns in isolation without attaching any meaning to them in terms of trading activity and context.  Inevitably, this type of trader will identify patterns where... Read moreread more

$106,000 Trading Lesson Learned the Hard Way

Do you understand your risk on every option position that you put on Are you comfortable with the worst possible outcome if the absolute worst scenario happens? These are important questions to ask yourself on a regular basis. In our Options Fast Track training room we talk about maximum risk on every... Read moreread more

The Top 6 Forex Websites You Should Be Reading

The Best Forex Websites It’s our goal at NetPicks to provide you readers with the best information on day trading and forex you can get. NetPicks is the leader in day trading education systems and strategies, and an outstanding resource for quality articles, webinars, videos, and more. But we want... Read moreread more

Swing Trading With MACD Insight

MACD and technical analysis chart

I made a piece on using the MACD modified into the 3/10 oscillator and mentioned I would show a real life and recent example. Swing trading Forex is something I’ve been doing for quite a while and living in Canada, my favorite currency pairing to swing trade is the USDCAD.... Read moreread more

Dont Forget Momentum

which trade direction

Trading the trend is something that virtually every trader is told to do.  It makes sense because it stands to reason that getting on a position in the main direction of the market can rack up the money. The issue then becomes: How to identify the trend so you can... Read moreread more

4 Important Forex Trading Tools

Forex trading tools

Unlike the traders of yesteryear, today’s market participants have a huge selection of Forex trading tools at their disposal.  As a matter of fact, the selection can be overwhelming at times so it’s important to dial it down to simple categories and decide what fits your needs. The only way... Read moreread more

Choosing the Best Time to Trade Futures

One big issue that I’ve found frequently comes up when talking to traders, is when they are tracking market behavior they fail to differentiate between primary sessions and overnight sessions for futures products. Now of course, it can be useful to chart a 24-hour or full electronic exchange session. However, charting... Read moreread more

Simple Chop Indicators Part I

SIMPLE CHOP INDICATORS – PART 1 by Will Feibel All markets trend in three different directions: up, down and sideways. If you use a trading system based on breakouts and directional moves then you will do well when your market is trending up or down, however you will most likely... Read moreread more

Why Forex Is a Stellar Choice

When people find out you are a trader, the first question usually asked is “what market do you trade? Stocks?”   Most people understand stock trading, less understand Futures trading but when I mention “Forex”, a puzzled expression crosses their brow and I am almost always forced to tell them that... Read moreread more

Trading Rules And Conditions Apply

Having a set of trading rules and conditions that you look for when searching out trading opportunities is really one of the keys to success. It doesn’t matter if you use a 80-90% mechanical system like Counterpunch or DST from Netpicks that plots out the opportunity or you use a... Read moreread more

Stopped Out Swing Trade Is OK

forex swing trade

Two words in trading that give many people a shudder are “Stopped Out”. It suggests that you just took a loss on your trade and are nursing the hit to your trading account. Sidetrack:  You should never be nursing the loss of money.  If so, you have probably risked too... Read moreread more

Business Plan For Potential Trades

trading business plan

Following your plan does not simply mean just on the current trade you are involved in. Often times, especially in swing trading, you can have plans set up for a few instruments at one time. Doing this work will allow you to follow a business plan for potential trades which... Read moreread more