How to Set Stop Losses

Stop placement is a topic that sometimes causes confusion amongst traders. This Price Action article is going to be a complete guide to how to set stop losses for the pin bars, fakey’s , and inside bars. Hopefully this will eliminate any confusion you may have had about this topic and will give you a […]

The successful Forex trader

I want you to write this down so you can see it every single day! It should be your mantra. Memorize it! “The successful trader isn’t the trader who doesn’t lose, The successful is the trader who can successfully manage his losses”. I was talking to a fellow trader this evening, and we talked a […]

Tools for identifying Trending markets

Trending markets are by far the easiest to trade and thus the most profitable. Also, I really think all beginners need to learn how to trade with the dominant daily trend before they attempt to trade range-bound markets or counter-trend. So, knowing how to correctly identify a trending market is very important to being a […]

Forex Holly Grail

If you have been in forex trading for more than a week, you will have heard of the legendary HOLY GRAIL of trading. The Holy Grail is characterized as a trading system that never loses, only has winners 100% of the time. The perfect entry signals followed by the perfect exit signals. Once you get […]

Leverage, Margin and Lots

In order to make this small 100th of a cent worth something, your broker offers you leverage. This essentially magnifies your trade size. You would place a trade using so much of your own money, called Margin, and your broker will magnify the trade by whatever the leverage is. If your broker offers your 100:1 […]

Forex Money Management

With a strong knowledge on how to read your forex chart, you are now ready to trade. However I will like to take this chance to talk about something known as the trade management. Without proper trade management, you will never be profitable as you will always find yourself being stopped out in the end. […]

What Is The Trend ?

Before we get started, we have to determine what a trend is before we can trade it. A trend, to a trader, is based largely on the timeframe they are trading. As you have learned, the 2 most important timeframes, as far as I’m concerned, is the timeframe you are trading and the next higher […]

How To Identify The Trend

Here is where things get crazy! Not really, actually this is the simplest part of the entire method. Albert Einstein once said “Make things as simple as possible, but not simpler”, and to that end, here is a good way to identifying if a market is in a trend. Use two Exponential Moving Averages: 21 […]

Confirming The Trend

Here is where we get to the goods, the actual techniques used to trade with the trend. The first question you might have is “do we need a divergence setup to trade with the 21 and 55 EMAs”, and the answer to this is no. We are taking advantage of a trend, so I will […]