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.
Forex Blog
Forex Money Management – Scaling Out Is A Must
So your trade is winning, now what? What you do right now determines the strength of your overall money management. The strength of your overall money management determines how high or low your account goes. Listen up.
Comdolls – Using Oil and Gold to Trade Forex (Podcast Episode 19)
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?
Heiken Ashi Trading Strategy – Know Which Parts To Use
This is an unconventional Heiken Ashi trading strategy, but it’s the best move you can possibly make with this thing. The Heiken Ashi indicator is the “Easy Button” of Forex trading. If you’re smart, this should be a red flag. It would be great if we could use it and win with it. […]
Forex Fundamental Analysis – You Can Ignore All Of It
“Forex 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.
Psychological Levels In Forex – No Such Thing
Forex Twitter loves to point out round numbers on currency pairs and label them things like “Psychological Levels” and “Big Figure”. Don’t fall for this.
Should You Buy Forex Robots? (Podcast Episode 16)
We’ve all thought about it. A robot to do all the work for us? Perfect! But is it worth it?
Do You Need To Trade Exotic Currency Pairs? (Podcast Episode 15)
They exist, they can move wildly, and they can be very lucrative in the right hands I’m sure. But are we better off trading them or not trading them?
Trading Volatile Currency Pairs (Podcast Episode 14)
Even after Episode 4 of the Forex Q&A Podcast, there are still apparently a lot of people who are hesitant when it comes to trading volatile currency pairs. Is there anything to be afraid of here?
Risk Reward Ratios – Should You Use Them?
We need to define these first. What I’m referring to is using a 2:1 or 3:1 Profit to Loss ratio to trade Forex. Meaning, on a 2:1 ratio, if your stop loss is at 80 pips, your take profit level is at 160 pips. It now becomes a morbid race to see […]