Category Archives for Trading Articles

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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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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