Category Archives for Trading Articles

Always Let the Market Make the First Move

Do you know what separates the profitable Forex traders from the losing ones? It isn’t an inherent trait or some super-human ability. Of course those things might help, but what truly separates the two groups is the fact that the successful traders never make the first move. What exactly does that mean, you ask? That’s what this lesson is all […]

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5 Keys to Successful Forex Demo Trading

Demo trading isn’t just for practice. It’s your training ground for the challenging journey you have embarked on to become a successful Forex trader. And that’s no easy task. Nor is it something that will be accomplished in a month. It takes hard work, discipline, patience and no small amount of perseverance to make it to the top. For […]

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Successful Forex Trading is a Process, Not a Project

forex-trading-process

Do you know what differentiates a process from a project? Put simply, a project has a start and end date. A process on the other hand is ongoing with no definite end date. Becoming a successful Forex trader is the latter. I talk to a lot of traders during the course of a week. Between the member’s […]

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5 Forex Trading Mistakes You Can’t Afford to Make

Forex trading mistakes you can't afford to make

When it comes to Forex trading, there are literally a thousand different ways to make money. Everything from algorithmic trading to using simple price action and everything in between. This is why I often say that trading price action isn’t for everyone. Some folks have a passion for fundamentals or coding and therefore need to […]

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Forex Trading is Not for the Faint of Heart

Becoming a successful Forex trader takes heart

Why is it that 90% of Forex traders fail? Is Forex trading really that difficult? It can be at times. Not because it’s incredibly hard to discern favorable patterns or strategies, which comes easy enough when you know what to look for. It’s hard because as humans, we are inherently bad at it. We can’t seem […]

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How Many Trades Should You Really be Taking Each Month?

One of the more common questions when it comes to trading the Forex market is, “how many trades should I be taking in a given month?” Unfortunately this isn’t as easy to answer as some might hope. On the surface, there’s no right or wrong answer as it depends on your style of trading, among other things. However […]

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An Open Trading Position Requires an Open Mindset

keeping an open mind as a forex trader

The key difference between successful traders and those who are not is that the successful know how to lose so that they are around to take advantage of the winners. In other words, they lose small and win big. This sounds great and you’ve probably heard it all before. But how does one actually achieve this […]

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WD Gann’s 20 Trading Rules Exposed

Picture of WD Gann

William Delbert Gann, also called WD Gann, was a finance trader who developed a technical trading tool known as Gann angles. Just as impressive as the trading tool he developed are the rules he traded by. Those rules range from basic money management principles to the all-important mental game. However what’s truly amazing about these rules is […]

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Never, Ever, Ever Add to a Losing Position

As Forex traders, it’s important to always look for confirmation before putting on a position. This is just as true when adding to an existing position as it is when putting on an initial position. For the initial position, we can use patterns and levels combined with price action signals in the direction of the […]

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No Loyalty as a Forex Trader is a Good Thing

no loyalty in Forex is good

In every facet of life, loyalty is a good thing. It’s something we strive to show to others and also something we look for in those we bring into our lives. We want our family, friends and pets to be loyal just as we want to be loyal to them in return. But as a […]

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The Forex Market Doesn’t Need a Reason

no reason for the forex market to move

Most occurrences in life come with some form of explanation, which at minimum gives us a vague understanding as to why something happened. This is most commonly referred to as cause and effect, where the outcome of an event can be traced back to a specific cause, or reason why something happened. But the Forex market is […]

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Forex Trading Success: Learn to Lose Like a Winner

Losing is part of the game as a Forex trader. It’s something that every single trader has to come to terms with in order to become consistently profitable. I will even go as far as to say that the trader who has a true edge in the market will still lose money consistently if he/she has […]

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How the 10 Pips a Day Forex Strategy Can Blow Your Trading Account

There is a lot of talk in the world of Forex, and has been for some time, about the 10 pips a day strategy. It’s a strategy that claims to “make you rich quickly” by accumulating just 10 pips each day. Well, I’m here to tell you that not only will it not make you […]

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Too Much Screen Time Can Kill Your Forex Profits

Sabotaging Forex profits

Everyone wants to talk about money management when it comes to trading Forex. But what about time management? How you spend your time as a Forex trader is essential to your success. It can mean the difference between finding consistent profits and struggling. Where do you spend most of your time as a Forex trader? I’m not talking […]

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Let the Forex Market do the Heavy Lifting

letting the forex market do the heavy lifting

From the time we’re old enough to walk, we’re taught that if we work hard and remain persistent that we’ll get what we want. And I wholeheartedly agree with that statement – although I would add “work smart” to the mix. That statement has never been more true than it is in the world of Forex, especially […]

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