Category Archives for Free Forex Trading Lessons

Using Fibonacci Retracement Levels with Price Action

50% fibonacci retracement level forex daily chart

A common question among Forex traders is whether Fibonacci retracement levels actually work and whether there is any benefit to using them. I can tell you without a doubt that they do work and they can be beneficial but only if used correctly. In this lesson we’ll look at two ways we can use Fibonacci […]

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What Time Frame is Best for Trading Forex?

What Time Frame is Best for Trading Forex?

Ah, the age-old question – what time frame is best for trading Forex? If only it were enough to give you one answer and be done with the debate. You see, every trader is different. Every one of us has different personalities and therefore different needs as human beings. And if there’s one thing I […]

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(VIDEO) How to Properly Draw Support and Resistance Levels

support and resistance forex market

The ability to properly draw support and resistance levels is one of the most basic skills every price action trader must have. It’s also the building block for everything that comes after it, including price action trading strategies like pin bars and inside bars as well as a proper risk to reward ratio. Get it […]

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How to Determine the Quality of a Pin Bar Setup

pin bar stop loss 1

Not all pin bars are created equal. One of the most challenging aspects of learning to trade price action is developing a set of criteria by which pin bar setups can be evaluated. We all know pin bars aren’t hard to come by. In fact, I can pretty much guarantee that I can spot at least two […]

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The Definitive Guide to Choosing a Forex Stop Loss Strategy

putting the forex stop loss strategy to work

So you’ve gotten yourself in a trade, now what? What Forex stop loss strategy should you use? If you didn’t know there were different stop loss strategies, that’s okay too – you’ve come to the right place! In this lesson we’re going to cover various Forex stop loss strategies that can be used to minimize risk […]

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Moving Averages as Dynamic Support and Resistance

audusd chart using moving averages

I get this question quite often – why do you use moving averages as dynamic support and resistance? After all, if you’re trading price action why would you need them? They look pretty useless. My answer is always twofold. I use moving averages for more than just dynamic support and resistance Because it works! In […]

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(VIDEO) Price Action Trading Strategies

price action trading video

Price action trading strategies have been around for quite some time, and for good reason. But I find that many traders tend to confuse the term for what it really is. So what is it, really, you ask? Let’s find out. To truly understand the term “price action trading strategies”, we need to first break down […]

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Risk to Reward Ratio: Beneficial or Suicidal?

risk reward scale

Using the proper risk to reward ratio is what turned my Forex trading around. Like many traders, when I first started in 2007 I was attracted to the trading strategies that made me feel “safe”. By safe I’m mostly referring to the scalping strategies that have a 120 pip stop loss and a 12 pip profit […]

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How Using Forex Confluence Will Make You a Better Trader

Trader using confluence

The most powerful combination a Forex trader can use is price action and confluence. That might sound bold, and it is, but for good reason. You may be thinking I’m a little biased because I’m a price action trader. But I’m here to tell you that confluence is the most powerful tool a trader can […]

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Pin Bar Entry and Exit Strategies

pin bar take profit target

If you’ve just come from the lesson Forex Pin Bar Trading Strategy, welcome! If not, I strongly urge you to read that lesson and then come right back. It will help set the foundation for what we’re about to cover. Before we get into all the juicy details about pin bar entry and exit strategies, we […]

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(VIDEO) The Forex Pin Bar Trading Strategy Revealed

The Forex pin bar trading strategy is by far my favorite price action pattern. In this lesson we’re going to cover what makes a pin bar a pin bar, how to know if a pin bar is worth trading as well as entry and exit strategies. As always, the term ‘bar’ is interchangeable with ‘candlestick’, […]

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Inside Bar Forex Trading Strategy: Start to Finish Guide

Man drawing a start to finish guide

The inside bar can be an extremely effective Forex price action strategy. However, the effectiveness of the inside bar strategy is largely based on the price action surrounding it. In other words, an inside bar alone does not constitute a valid trade setup.Far from it.We need additional clues to tell us that the potential reward […]

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Is Forex Price Action for You?

Man drawing price action chart on wall

Forex price action has received a lot of hype over the years and for good reason. But what exactly is it, and better yet, is it right for you? While I can’t answer that for you, I can show you the various forms it takes on and how to identify them. From there you should […]

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