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Now that you know the basics, it’s time to apply these basic but extremely useful technical tools in your trading....
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A regular divergence is used as a possible sign for a trend reversal.If price is making lower lows (LL), but the...
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Now, let me talk about the other kind of gold… the black one.As you may know, crude oil is often referred to as...
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The first step in building a trading plan is to realistically take a holistic view of yourself.The foundation of...
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Let’s compare trading to building a house. You wouldn’t use a hammer on a screw, right? Nor would you use a buzz...
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A quick Yahoogleing (that’s Yahoo, Google, plus Bing) search of “forex + news” or “forex + data” returns a measly...
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If you’ve traded stocks, you’re probably familiar with all the indices available such as the Dow Jones Industrial...
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Day trading is another short term trading style, but unlike scalping, you are typically only taking one trade a...
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After a good number of trades, you will have collected a lot of fancy-schmancy data and observations on the market...
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The 5-wave trends are then corrected and reversed by 3-wave countertrends. Letters are used instead of numbers...
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As you learned earlier, when a trend moves for an extended period of time and it starts to consolidate, one of...
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When trading breakouts in forex, it is important to realize that there are two main types:[list="padding-right:...
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One issue with using global equity markets to make forex trading decisions is figuring out which leads which.It’s...
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Naked-Trading
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Identifying Support and Resistance ZonesYou have to pay close attention to one thing on the chart if you trade...
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Manual back-testingManual back-testing is the most readily available form of back-testing available.Most traders...
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You may have spent time, money, and effort learning about indicators. You may have learned through experience that...
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So, how do forex traders decide when to buy or sell? There are basically two schools of traders, and you must decide...
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Naked-Trading
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Welcome to the world of forex trading. Forex is the largest market in the world. Forex traders exchange $4 trillion...
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Naked-Trading
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Retrospective means to take a look back at events that already have taken place.Once you’ve finished trading, it...
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Another good tool to combine with the Fibonacci retracement tool is trend line analysis. After all, Fibonacci retracement...
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Let’s pretend the Fed announces they will raise interest rates. The market quickly starts buying the U.S. dollar...
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[size=14]As we said earlier, in order for someone to invest in a particular stock market, one would need the local...
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Before we explain how to do multiple time frame analysis for your forex trading, we feel that it’s necessary to...
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A range-bound market is one in which price bounces in between a specific high price and low price. The high price...
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The Basics The LSS 3-Day Cycle Method, which is based on the writing of George Douglas Taylor's classic "Book...
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Now that you know how to set proper stops and calculate the correct position size, here’s a lesson on how you can...
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As you may have guessed, profiting off Harmonic Price Patterns is all about being able to spot those “perfect”...
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Fade the breakout you say? Was that just a typo? Did you mean to say, “trade the breakout”?Nope!Fading breakouts...
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[You must be registered and logged in to see this image.]While your bottom line (total profit or loss) can easily...
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Breakouts are popular among forex traders.It makes sense right?When price finally “breaks” out of that support...
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You record everything you feel and do before the trade, during the trade, and after the trade has been completed.Trading...
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One of the reasons newbie forex traders don’t do as well as they should is because they’re usually trading the...
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When it comes to describing what markets do, Bernard Baruch said it best: “Markets fluctuate” .That idea is embodied...
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Measure Volatility
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As you may have guessed, the key in using the Elliott Wave Theory in trading is all about being able to correctly...
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Why trade the news?The simple answer to that question is “To make more money!”But in all seriousness, as we learned...
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You need to have a game plan in place BEFORE you even consider getting in the trade. That game plan tells you how...
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The tick index is the difference between the number of issues trading with the last trade higher (an uptick) from...
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As a young trader, I first used moving averages, point and figure charts and some Gann methods andthen moved on...
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[size=14]This is probably what you all have been waiting for – drumroll please – using the Elliott Wave Theory...
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Drawdown Explained
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The Value Area & 80% RuleHow to use The Value Area, 80% Rule in Mini DOW FuturesThe Value Area is where 70% of...
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Now that you have opened a demo account and familiarized yourself whiy the any trading platform we would like to...
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The tick index may appear to be one of the simplest of market indicators, but italso offers insight into market...
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The TICK is a market breadth indicator that measures the difference between the number of New York StockExchange...
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