You’ve probably heard that to make money in the financial markets, you need to do the opposite of what everyone else is doing. But unless someone has explained to you (in depth) what that actually means, you might feel a little uncertain about how to actually put this wisdom into action. In this blog post, my
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The Golden Rule in Forex Risk Management
In speculative forex trading, it is wise to limit your risk on each trade to 1% of your total account size. Many new traders think this is preposterous. “1% of my account is only $10, how can I possibly make any money”, they say. While such a low exposure to risk might lack the excitement
How To Practice Technical Analysis
When you get some free time and want to improve your understanding of price action and currency behavior… Open a chart, zoom right out, draw in 3 or 4 of the best support/resistance lines you can find, and study them! It’s mind-blowing to see how often these lines are hit by the market over and
A Heads Up For New Traders
Firstly, this is not a name and shame segment… But I recently received a message from an aspiring trader that I wanted to share. In particular, there were a few key points that I wanted to bring up, as I see these same points being made every day by excited, new traders coming onto the
Don’t Trade Into Key Lines
During the Tuesday session, I took a quick Power Move short on EURCAD. I analyzed and justified my entry in the Live Trader community with our top Platinum students. One of the key points for this particular entry was to ensure we were “closed and cashed” well before the market reached the next key support