Category Archives for Trading Articles

Trading Forex in 2015: Make it the Year You Become Profitable

Image of 2015

With the new year upon us, it’s a great time to take a step back and reflect on 2014. What was your profit or loss for the year? Why was it that? In other words, what did you do or what didn’t you do to produce that outcome? It’s also the perfect time to modify your […]

Continue Reading

10 Reasons Why You Still Aren’t Profitable

Finding consistent profits in the Forex market is nothing short of a journey, and a long one at that. It’s filled with challenges that will have you questioning whether you have what it takes to become successful. Every trader, successful or not, has experienced these self-defeating thoughts. The market has a funny way of testing our resilience. […]

Continue Reading

How The Forex Market is Smarter Than You

forex market guy with numbers on his face

And why you shouldn’t care. The Forex market as a whole is smarter than all of us, at least when it comes to trading. The good news is that it doesn’t matter. You don’t need to outsmart the market to enjoy consistent profits. It just isn’t necessary. Why then do so many traders attempt it? Why do […]

Continue Reading

Having No Position is Having a Position

the chess game of the forex market

What is it to “have a position” in Forex? Most traders take that to mean that they have an open trade. That is, they have some capital at risk. While this may be the most literal meaning, I say otherwise. Having a position should translate to whether or not the market is producing a favorable setup. Not […]

Continue Reading

Your Best Offense is a Good Forex Defense

When it comes to trading Forex, your best offense is a good defense. What does that mean, exactly? It means that as long as you maintain a defensive mindset, your chances of becoming profitable increase exponentially. For those of you who follow sports, you’ll recognize the saying as “the best defense is a good offense”. It […]

Continue Reading

Learn to Trade Forex: 5 Keys to Success

What does it take to learn to trade Forex? To learn something is easy enough when you have an abundance of information at your disposal, as is the case in the world of Forex. But what does it take to really learn to trade Forex in a way that will bring you consistent profits for the rest of […]

Continue Reading

5 Keys to Effective Forex Money Management

effective forex money management

Effective Forex money management can often mean the difference between a winning track record and losing one. It is by far one of the more important aspects of successfully trading the Forex market, yet it often doesn’t receive the respect it deserves. Why is this? Is it because there hasn’t been much material written about the subject? […]

Continue Reading

How to Write a Winning Forex Trading Plan

plan for trading forex

A winning Forex trading plan should be the starting point for any journey to becoming a consistently profitable Forex trader. Yet unfortunately most traders don’t write one until they’ve blown a few accounts. Even then the task to write a trading plan often falls into the category of, “I’ll get to it when I have time”. So why do most traders […]

Continue Reading

How to Manage Forex News as a Price Action Trader

Contrary to popular belief, price action and fundamental analysis share a lot in common. By “a lot” I’m referring to the one thing that makes both techniques possible – Forex news events. Without news events the price action trader wouldn’t get the huge pin bars that can be so profitable. Likewise, without news the fundamental trader would find […]

Continue Reading

9 Things You Didn’t Know About Successful Forex Traders

What is it about successful Forex traders that sets them apart from the rest? A well-known figure in the Forex world is that 95% of Forex traders fail. While no real proof of this number exists, I can vouch for the fact that it’s very close to 100%. So what is it that puts these traders in […]

Continue Reading

Are You Trading Forex For The Wrong Reasons?

Too often I see traders getting wrapped up in how  to make money trading Forex before they even know why they’re trying to make money trading Forex. In this article I’m going to address one of the most overlooked keys to success as a Forex trader. I’ll also share with you some insights into my own journey […]

Continue Reading

Forex Correlation Table: Are You Doubling Your Risk?

forex correlation table

An accurate Forex correlation table is a tool every Forex trader needs. It doesn’t matter if you’re a technical trader, fundamental trader or a combination of the two. If you’re trading currencies, you need an accurate Forex correlation table in order to properly manage risk. In this article, I’m going to share the correlation table I […]

Continue Reading

Pips and Percentages Will Only Get You So Far

missing puzzle piece

The amount of pips in Forex you make per trade, week or month is meaningless. Likewise, the percentage you make per trade, week or month is also meaningless. That may sound harsh, so let me clarify… You should know by now that your success as a trader is measured heavily by the risk to reward ratio you use, […]

Continue Reading

Is Forex Trading Gambling? The Answer Might Surprise You

To answer the question, is Forex trading gambling, we have to break it down by the very definition of what it is to gamble. But before we do that, I want to share a brief outline of the way I used to think about trading and gambling. I remember when I first started trading Forex […]

Continue Reading

The Forex Position Size Calculator I Use

Forex position size calculator

A good Forex position size calculator should be a part of every Forex traders toolbox. This calculator makes it quick and easy to determine what your position size should be for any given trade. In this article I’m going to explain why calculating your position size is critical to your success as a trader. I’ll cover the […]

Continue Reading