Category Archives for Free Forex Trading Lessons

How to Trade the Bullish Engulfing Pattern

Bullish engulfing bar in the Forex market

The bullish engulfing pattern is one of my favorite reversal patterns in the Forex market. I have previously written about how to trade the bearish engulfing pattern, and as you might expect there are many similarities between the two. As similar as they may be, I believe each deserves its own spotlight given the significance of […]

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The 5 Characteristics of a Profitable Inside Bar Setup

bullish inside bar in forex

One of the most common questions I receive via email is, “what makes an inside bar worth trading?”. So rather than continuing to answer these questions one at a time, I figured why not address the topic in a lesson? Truth is, a favorable inside bar setup doesn’t come around often. Of the price action strategies […]

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Determine Profit Targets Like a Pro With Measured Objectives

Forex head and shoulders measured objective

One of the most challenging aspects of trading is setting a realistic and probable profit target. In fact, most traders that I’ve talked to over the years would put taking profits above entry strategies in terms of where they struggle the most. It is true that knowing where to take profits can be harder than finding favorable entries, […]

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How to Use the News to Gauge Market Sentiment

Forex market sentiment_New1

As you may well know, I’m not a fan of paying attention to the news. Most of it bores me to tears if I’m honest. Not only that, but paying attention to the news can create a lot of mixed signals, leaving you stuck in a constant state of analysis paralysis. That said, the news […]

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Forex Price Action – Learning to Read the Angles

euraud daily forex chart

The internet is flooded with talk of pin bars, inside bars and engulfing bars. But what about the story behind the price action on your chart? And not just the key levels you have identified. I’m talking about the angle at which price moves within a market. Becoming a successful Forex trader through the use […]

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How to Trade the Bearish Engulfing Pattern

bearish engulfing pattern at swing high

Your success as a Forex trader depends on your ability to identify reversals in the market. The better you become at doing this, the closer you are to experiencing consistent profits. One pattern that can greatly assist you in doing just that is the bearish engulfing pattern. I’ve written before that, as price action traders, our job […]

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Pyramid Trading Strategy (Double Your Profit Potential)

the mechanics behind pyramid trading

The Forex pyramid trading strategy you’re about to learn will greatly increase your chances of making consistent returns as a Forex trader. It can literally double or even triple your profits on a single trade. But as profitable as pyramid trading can be, it can be just as damaging if used improperly. Which is why I […]

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A Unique Way to Use Average Daily Range to Your Advantage

GBPNZD daily forex chart

Average True Range (ATR) and Average Daily Range (ADR) are two of the most common measurements used by traders in the financial markets. You may know them as the ATR and ADR indicators. Wait, this is a lesson about an indicator? On Daily Price Action?… Absolutely not. 😉 This is a lesson about the concept of average range, rather than a […]

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How to Use Forex Gaps to Your Advantage

AUDUSD daily forex chart

The beginning of a new year is the perfect time to talk about Forex gaps. A look across the market shows several year-open gaps – some big, some small. However, these aren’t the only gaps you should be paying attention to. Why are gaps so important, you ask? Simply put, gaps can provide you with extra confluence […]

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Weekly Trading Tip: How to Trade Forex Using a Directional Bias

Forex weekly chart showing descending channel

As price action traders, we tend to overlook the weekly time frame. This is a huge oversight. The weekly time frame can prove to be extremely advantageous when developing a directional bias for a particular market. Have you ever wished there was a way to easily determine a market’s bias? That is, figure out which way a market […]

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