Trading a major announcement like the monthly Non-Farm Jobs Report (NFP) is like sitting on a surfboard at the base of a 30 foot wave. Experienced surfers crave huge swells like this and stand up…
Articles
Forex Trading is 80/20
From one Forex trader to another, we know that Forex trading can be very exciting and at times very profitable, but in most cases traders lose money. Why? Mark Douglas, author and trading psycho-analyst explains; “Successful trading is 80%…
Don’t crash your trading account
There is nothing like the feeling of the gentle softness of gliding back to earth in a sailplane after being lifted into the sky on rising columns of hot air called “thermals” But the old saying…
Plan your trade and trade your plan.
I remember as a young kid learning to fly private planes my flight instructor said to me “Mike, when you get in the airplane and put your safety belt on, remember that you are strapping…
BEGINNER’S GUIDE: Lot Management
Since 2006 I have spent hundreds of hours speaking to countless Forex traders of varying experience and skill level. And one thing that stands out in those conversations is the lack of understanding and confidence…
Risk Management
At the very mention of risk or risk management most people simply glaze over. We live in a world full of risk; around every bend is potential disaster. Whether it’s getting on an airplane to…
Forex Trading Golden Rules
If you want to play sports, you have to play by the rules. Ignoring the rules could get you disqualified. In the same way, if you want to trade Forex, trade by these Golden Rules,…
