Category Archives for Free Forex Trading Lessons

Forex Swing Trading: The Ultimate Guide + PDF Cheat Sheet

forex-swing-trading

Finding the right Forex strategy is tough. Where do you start? How do you know when you’ve found the right one? Considering the thousands of trading strategies in the world, the answers to these questions are difficult to pin down. It only gets worse when you add the endless number of technical indicators. But it […]

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How to Use a Favorable Risk to Reward Ratio to Increase Trading Profits

Chalkboard drawing showing profit, loss, and risk

Implementing a favorable risk to reward ratio single-handedly turned my trading around in 2010. It made me realize that having a high win rate isn’t so important after all. In fact, it’s rather meaningless. However, most Forex traders are so preoccupied with finding a profitable strategy that they forget about the importance of a favorable […]

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Why I Ditched Technical Indicators (And Why You Should Too)

technical-indicators

Technical indicators are no doubt a favorite topic in the financial markets. They can range from a simple moving average to a complex array of algorithms. It doesn’t matter whether you’re trading stocks, commodities, futures or any other market; technical indicators are a common theme. Useful? Well, that’s another matter entirely. But of all the […]

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How to Profit From the Head and Shoulders Pattern (And Avoid Common Mistakes)

head-and-shoulders-pattern

The head and shoulders pattern is by far my favorite way to trade reversals in the Forex market. They don’t come around often but when they do the profits can be considerable. It isn’t abnormal to see moves of 500 pips or greater from these patterns. We’ll take a look at one that formed on […]

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3 Forex Candlestick Patterns That’ll Boost Your Trading Profits

forex-candlestick-patterns

Last Updated November 11, 2016 There is a special section in every good price action trader’s toolbox reserved for Forex candlestick patterns, and for good reason. Aside from technical chart patterns such as the head and shoulders or bull and bear flags, these candlesticks can offer you a chance to understand the sentiment that’s driving […]

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Trading the Broadening Wedge: Your Start to Profit Guide

broadening-wedge-pattern-profits

The broadening wedge is a mysterious pattern. While it can be extremely profitable if correctly executed, it can easily play tricks on you if you aren’t careful. One possible explanation for this trickery is that it occurs less frequently than its sibling, the narrowing wedge. Therefore our minds aren’t as conditioned to spot these formations much […]

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How to Use Fibonacci Retracement to Spot Market Tops and Bottoms

fibonacci_retracement

Last Updated October 25, 2016 You’re probably familiar with Fibonacci retracement. Whether you use it as a compliment to another strategy or to confirm key levels, chances are you’ve worked with it in some manner. However, I can all but guarantee that you haven’t used it in the way I’m about to show you. The […]

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The 3-Step Approach to Forex Money Management and Risk Control

Forex money management strategy and risk control plan

Creating a Forex money management strategy and risk control plan doesn’t have to be a difficult task. In fact, it’s one of the easier things you can do to protect your trading capital. Despite this truth, it’s often overcomplicated to the point that most traders fail to create a proper strategy. This is a huge […]

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False Breakout Strategy: A Simple Yet Powerful Approach

False breakout strategy for Forex traders

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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3 Crazy Simple Ways to Trade Impulsive and Corrective Waves

Paper boat in waves

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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