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Category Archives for Justin Bennett’s Forex Lessons
Forex Signals: 3 Reasons Why They Will Fail You in 2020
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By
Justin Bennett
- / July 5, 2019
The idea of using Forex signals sounds great. You sit back, receive an email or text alert, place a trade and watch the money roll in. Then wash, rinse, repeat. What more could you ask for, right? Let me stop right there because it isn’t quite that easy. As the saying goes, if it were […]
Continue ReadingEd Seykota: 5 Trading Rules That Actually Work
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By
Justin Bennett
- / July 4, 2019
Ed Seykota is one of the best traders of our time, if not the best. Although he doesn’t trade currencies or use price action per se, the lessons we can learn from him are just as valuable. I find this to be true of all successful traders. The market doesn’t make the trader. After all, […]
Continue ReadingMartingale Strategy: A Ticking Time Bomb for Traders?
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By
Justin Bennett
- / June 9, 2019
So what is Martingale exactly, and should you use any part of it when trading Forex? Or any financial market for that matter. Those are the questions I’m going to answer in today’s post. I’ll also share my version of a multi-tiered position sizing technique. Think of it as the opposite of Martingale. Let’s begin. […]
Continue ReadingUsing Fibonacci Retracement Levels with Price Action
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By
Justin Bennett
- / June 8, 2019
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 […]
Continue ReadingWhat Is Forex Price Action?
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By
Justin Bennett
- / April 22, 2019
In its most basic form, Forex price action is precisely what its name implies. It’s the “action” of “price”. It describes the way a market moves, including its trends and key support and resistance levels. However, trading Forex with price action also includes buy and sell signals. When we combine these signals with key levels […]
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