If only news events in Forex didn’t exist, and weren’t there to screw up our technical trades. But they do, and we need to plan accordingly.
Forex Core Concepts
You’ve been told Forex sentiment is important. You’ve been told it’s important to pay attention to it. This is one of the reasons why you lose.
If you’re a trend trader like we are, you need volume in the marketplace, and you need it badly. If you know how to determine if enough of it is there for you to make a good trade, you can move mountains.
“Fundamental Analysis is a key part of Forex trading”. Ummm, no it’s not. In fact, it gets in your way, eats up your time, and makes you lose more than you should. You disagree? Read up.
It absolutely is, but only if you understand why.
Ask any so-called expert what the best Forex pairs to trade are, and you’ll get the worst possible answer. They will almost always say things like EUR/USD, USD/JPY, and GBP/USD. They couldn’t be more wrong, and that advice could not be more harmful to your trading.
“Buy Low, Sell High” is one of the worst pieces of advice you could ever give to a Forex trader. How come?
Question #3 on the Forex Q&A Podcast is a very common one. “Which is the best time frame to trade Forex? I want the best chance of winning.” — Thomas, Netherlands There are lots of factors that go into whether or not your trade “wins”, but selecting the best time frame is […]
Any Forex trading strategies you find out there are useless unless you know who controls price, and how they do it. Actually, it’s a must-know if you’re going to have any chance of winning. We should get started.
People look up “the best Forex trading tips” on google all the time, hoping to find some magic push-button strategy that will make them millions. Please understand — that will only get your account destroyed. But I do have a great answer that should be part of any Forex strategy.