Category Archives for Free Forex Trading Lessons

How to Identify and Exploit Sloping Flag Patterns for Profit

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Are all flag patterns created equal? Sure, they can come in different shapes and sizes, but as far as how to trade them, a flag is a flag, right? Not exactly. For the most part, these patterns represent a continuation of the current trend. So if the market is trending higher and forms a flag, […]

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5 Trading Mistakes That Are Killing Your Profits + Simple Fixes

Man looking disappointed after making mistakes

The key to understanding why the markets move the way they do is being able to identify and understand chart patterns. Once you can do this, you can trade any instrument in any market. It’s that simple, at least from a technical standpoint. Why then do the majority of Forex traders fail to generate consistent […]

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Equidistant Channels: Awesome Way to Find “Hidden” Targets

Equidistant channels are arguably the most common technical structure found in the Forex market. Not only that but they are, in my experience, one of the most lucrative to trade. As a price action trader, the amount of profit you generate over the course of your career is dependent upon your ability to identify (and successfully […]

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3 Powerful Techniques to Determine Trend Strength

Every trader wants to know how to identify trends and determine their relative strength. It’s what allows us to trade with momentum rather than against it, which in turn increases the odds of a favorable outcome. Unfortunately, gauging the strength of a trend isn’t as straightforward a task as some would hope. Let me rephrase […]

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Taking Forex Profits: These 5 Signals Are All You Need

Man holding out cash

Is it knowing when to get in or knowing when to get out of a trade that makes becoming a successful Forex trader such a challenging endeavor? I would argue that both are equally important. These two elements, among many others, need to work in harmony if you want to grow your trading account. But as […]

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The Only 3 Forex Chart Patterns You Need to Know (and Why I Trade Them)

There are a million ways to make money in the Forex market. The key to success in this business is not finding one that works, it’s finding one that works for you. While I started out in 2007 trading nothing but pin bars and inside bars, my “style” today is quite different. Put simply, the […]

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How Volatility Can Destroy Your Technical Analysis

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Technical analysis is a blend of an art and a science. It cannot be one without the other. While its inner-workings are somewhat of a mystery, one thing we do know is that it relies on market perception. A pattern or level that stands out as obvious to one experienced trader is likely obvious to […]

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Are You Sabotaging Your Forex Support and Resistance Strategy?

Make no mistake about it, inside of every profitable Forex trader is a strategy for drawing support and resistance levels. While many traders, including myself, have done it so many times that we often overlook exactly how we do it, there is always a method to our madness. For me, it’s all about using swing highs and lows […]

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How to Tell if a Trade Idea is a Sprint or a Marathon

As expected, my post last week about how I made 54 times my risk on a single trade idea sparked a lot of interest including several questions. The number one question I received about that trade was how I knew to pyramid rather than settle for a simple 4R profit. To clarify, I knew my strategy going […]

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How I Made 54 Times My Risk on a Single Forex Trade Idea

All four entries on NZDJPY

Ever since I wrote about the Forex pyramid strategy, I have received a lot of interest in it from both members and non-members alike. This is especially true for members as they are more “in the know” about my trading activities than non-members. When I wrote that lesson, the idea of adding to a winning […]

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