With all the available info for free online, many of you still want an old-fashioned book to read about Forex trading. I gotta respect that. But is there even anything worth reading out there?
Forex Q&A Podcast
We trade the daily chart here, because the advantages are tremendous. But could we do even better if we drilled down to smaller time frames sometimes?
A lot of people do not trade much during the holiday season. This can be a problem, since we need volume to trade, and it may not be there. How do we approach this as trend trader?
We’re trend traders. We want to trade with the trend. So then how do we handle currency pairs that are in a counter trend? How do we even define a counter trend? Let’s talk.
You’re winning a trade, and it’s trending beautifully. You want a bigger part of this. Is there a way to leverage up here?
Followers of No Nonsense Forex know we trade the Daily chart, and we use indicators to make our entries. We also know I personally prefer to trade 20 minutes before the close of the daily candle. Does this mean you have to?
They will happen, and they will happen a lot. How you deal with these ultimately determines your future as a Forex trader.
This is how to backtest an indicator based on the No Nonsense Forex method of trading. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the Forex Q&A Podcast have been discovering.
If you gave yourself a monthly returns goal in Forex trading, you would self-sabotage yourself into the ground. Talking about monthly returns is glamorous and all, but it’s never something a real trader should have. Let’s talk about why in Episode 20 of the Forex Q&A Podcast.
Is the price of oil and/or gold an early indication for what might happen in the CAD or AUD? What about the Nikkei and the USD/JPY? It would be nice to know this in advance, no?