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Category Archives: Currency Trading

Responsibility in Forex Trading

An email in response to my article prompted me to consider the significance of taking responsibility in trading. There is a natural tendency for most people, in any area of life, to not take responsibility for results and behaviours that appear negative. We want to see ourselves in a good light and it is […]

Foreign Exchange Day Trader

I received an email from a prospective buyer of my online trading course. His question (below) caused me to think about the wisdom of pursuing trading as a worthy venture. I know that a lot of readers are investors rather than traders, but regardless of your trading horizons, the skills and concerns of active […]

Forex Basic: Symmetrical Triangles

Here’s is where we start to have some fun. Regardless of how you want to trade the markets you need an approach. It might be spinning a bottle, asking your Aunt Jenny what she thinks or just gut feel.
However you do it, even though you may not think so, you have an approach.

A Different Type of Moving Average Cross

Here’s is where we start to have some fun. Regardless of how you want to trade the markets you need an approach. It might be spinning a bottle, asking your Aunt Jenny what she thinks or just gut feel.
However you do it, even though you may not think so, you have an approach.

Forex Basic: Symmetrical Triangles

Moving Average Convergence-Divergence (MACD) was originally constructed by Gerald Appel an analyst in New York. Originally designed for analysis of stock trends, it is now widely used in many markets. MACD is constructed by making an average of the difference between two moving averages. The difference of the original two moving averages and the […]

Gary Wagner Uses Candlesticks to Measure Sentiment

Japanese candlesticks offer a “mathematical expression of psychological market sentiment” to trader Gary Wagner, who utilizes these Eastern technical indicators in conjunction with Western tools to actively trade for himself.
It took Wagner several years into the commodity business before he began utilizing Japanese candlesticks in his interpretation of the markets. After college, he entered […]

Persistence Pays Off for Joe Stowell

According to independent trader Joe Stowell, persistence and courage are two key characteristics necessary for success in trading. Persistence certainly has paid off for Stowell, who traded part time off and on for 20 years, before leaving his job as a school teacher to trade full time.

Ben Warwick’s “Event Trading” Keys in on News

While many traders focus either on technicals or fundamentals as they develop their trading strategies, trader Ben Warwick focuses on a market’s reaction to news. Warwick has developed his own method of trading, which he calls it “event trading.”
Warwick first gained exposure to the financial markets during his days as a student at the […]

What Is The Best Forex Trading System?

There is a lot of talk in the retail forex trading world about “The Holy Grail” of online currency trading. What this means exactly is that a lot of people spend a lot of time, money, effort and energy trying to find some kind of absolute best forex trading system but without success because […]

Automatic 20 Pip Forex Trading System

Creating a forex trading system that works is a task some people assign to a divine entity who magically manifests itself as a marketer selling the latest “holy grail” forex trading system. When it comes to an automatic 20 pip forex trading system, the search is likely to be long and arduous, because of […]