Daily Price Action
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Category Archives for Justin Bennett’s Forex Lessons

How to Write a Winning Forex Trading Plan

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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 […]

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(VIDEO) How to Properly Draw Support and Resistance Levels

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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

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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

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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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Forex Correlation Table: Are You Doubling Your Risk?

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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 […]

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