Justin Bennett's Forex Lessons - Daily Price Action

3 Crazy Simple Ways to Trade Impulsive and Corrective Waves

by Justin Bennett ·

January 25, 2024

When it comes to Elliott Wave Theory, you either understand it, or you don’t, there is no in between. In the same way, those who understand it either find value in it or they don’t. Having been a student of the financial markets since 2002, I can tell you I don’t subscribe to Elliott Wave

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

by Justin Bennett ·

January 19, 2024

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

22 Comments

False Breakout Strategy: A Simple Yet Powerful Approach

by Justin Bennett ·

January 13, 2024

Consider the following scenario. You’ve had EURUSD on your watch list for weeks. More specifically, you’ve been waiting for a break below a key support level to take advantage of the selloff that’s sure to follow. After three weeks of practicing saint-like patience and unshakable discipline, the Euro finally sells off against the US dollar

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A Unique Way to Use Average Daily Range to Your Advantage

by Justin Bennett ·

January 7, 2024

Average True Range (ATR) and Average Daily Range (ADR) are two of the most common measurements used by traders in the financial markets. You may know them as the ATR and ADR indicators. Wait, this is a lesson about an indicator? On Daily Price Action?… Absolutely not. 😉 This is a lesson about the concept of average range, rather than a

11 Comments

50 Signs You’ll Succeed as a Forex Trader

by Justin Bennett ·

June 8, 2023

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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Forex Leverage: How to Use Leverage Like a Pro

by Justin Bennett ·

June 6, 2023

Today I’ll explain what Forex leverage is and how you can use it. It’s a tricky subject because using too little trading leverage will leave you with tiny profits, and using too much will blow your account. So if you’re ready to learn about the best leverage for Forex, you’ll love this post. Let’s get

34 Comments

Rising & Falling Wedge Patterns: The Complete Guide

by Justin Bennett ·

May 28, 2023

Of all the reversal patterns we can use in the Forex market, the rising and falling wedge patterns are two of my favorite. They can offer massive profits along with precise entries for the trader who uses patience to their advantage. One of the great things about this type of wedge pattern is that it typically carves

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