Category Archives for Trading Articles

50 Signs That You’re on the Path to Forex Trading Success

man standing tall overlooking valley

Becoming a successful Forex trader is a process, and a long one at that. It seems that around every corner there is a new method, technique or even a new element to our mental game that needs to be considered. This process produces an endless number of “signs” along the way that can help you […]

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The Power of Doing Nothing as a Forex Trader

What if I told you that there is a guaranteed way to secure your place in the top 10% of profitable Forex traders? And not just within any old period of time. This method will get the job done in about a week. Don’t believe me? I can’t say I blame you, but it’s true. […]

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3 Reasons Why Using a Forex Signal Service Will Fail You (and What to Do About It)

Failed forex signal

The idea of using a Forex signal service sounds great. You sit back, receive an email or text alert, place a trade and watch the money roll in. Then wash, rinse, repeat. What more could you ask for, right? Let me stop right there because it isn’t quite that easy. As the saying goes, if […]

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What Spiders Can Teach You about Forex Trading

What spiders can teach you about Forex trading

It’s safe to say that spiders are one of the least favorite creatures. In fact there are thousands of people who have an outright fear of them, a specific phobia called arachnophobia. Personally, I don’t love or hate spiders. I’m fairly neutral toward them. Although being a person who loves all living things, I do try […]

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Why New York Close Charts Matter to Forex Traders

New York at dusk

There are hundreds of different ways to trade the Forex market. You can trade the daily charts, the 1 minute charts or anything in between. You can use fancy indicators or trade simple price action using key levels of support and resistance. The list goes on and on, however there is one variable that can benefit you regardless […]

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Forex Trading Profits Are Not Measured by Right Versus Wrong

As human beings, we like to be right. It gives us a sense of self-worth and boosts our confidence, as it should. Think about it, how would you feel if I said to you, “you are absolutely right!”? How about if I said, “you are completely wrong!”? No person on earth wants to hear the latter. […]

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The Definitive Guide to Using a Forex Trading Journal

GBPJPY bearish pin bar setup

What is the most overlooked mistake among Forex traders? It isn’t emotional decision-making, overtrading or excessive leverage. Although all of these things can drastically improve your trading if managed properly. But I would guess that most traders know about these topics, so they aren’t necessarily “overlooked” mistakes. Whether or not they choose to adhere to best […]

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10 Things Most Successful Forex Traders Won’t Tell You

10 things most successful Forex traders won't tell you

Over the past two years we have covered a variety of topics. Things such as why price action is all you need to become profitable and how the daily time frame can be more reliable than the lower time frames. But what about those missing ingredients? The principles and ideas that not many successful traders talk about, but […]

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Good Forex Trading Should be Boring

Yes, boring. In fact if you aren’t ready to fall out of your chair due to boredom you may be doing something wrong. Okay, that may be a bit extreme. But good trading should absolutely be both effortless and boring to a large degree. If you find yourself stressing, feeling excited or frustrated, your mental […]

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Your Winning Trades Are Always in Front of You

Winners versus losers in Forex trading

How do you feel when you wake up to find that your position you were so confident about has moved against you for a loss? If you’re like most traders, feelings of frustration or even hopelessness probably come to mind. The setup looked so favorable and yet it still resulted in a loss. You start […]

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The Importance of Visualizing Forex Trading Losses

Forex trading losses

I know what you must be thinking – with a title like that, he must mean visualizing trading profits, not losses. After all we’re supposed to visualize what we want to happen in life, not what we don’t want to happen. But I assure you the title is correct. As you may well know, there are […]

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A Profitable Trade Made For the Wrong Reasons is a Loss

Have you ever made a profitable trade only to feel a bit clueless as to why it worked out so well? Sure you have. We’ve all been there at one point or another in our trading career. But unlike most profitable trades, the one made for the wrong reasons or without knowing why you did it […]

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Forex Pyramid Trading: Case Study

AUDJPY pyramided short position on the 4 hour time frame

The Forex pyramid trading strategy is the most lucrative strategy that I have come across thus far in my trading career. That’s saying a lot considering I’ve been trading since 2003. Why is it so powerful, you ask? Because it offers virtually unlimited profit potential without the increased risk of loss. And as we all know, […]

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Unrealized Gains Belong to the Forex Market

Unrealized gains in the Forex market

Everyone likes to make money. I have yet to meet someone who doesn’t. But sometimes we make the mistake of assuming that just because money is likely to be made that it already belongs to us. This is especially true for Forex traders. We constantly face the challenge of keeping an already-profitable position open for the opportunity […]

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10 Things I Wish I Had Known When I Started Trading Forex

As with any journey in life, there are good times and bad times usually marked by wins and losses. More often than not it’s the losses that give us the greatest gift of learning. They allow us to evaluate what we did right and what we did wrong to become better at whatever it is we’re pursuing. But […]

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