unt each month, instead of weekly or daily for risk management purposes. You would need to have a $20,000 account to make $50,363 a year at 8% a month. This is assuming you don’t manage to do more then 8%. Now lets say you minimized your expenses and worked a job, so you were able to build your trading account. How long would it take you to make 1 million off of a 10,000 account at 10% ROI a month? In 4 ye
Strike 3.0 consists of two complete trading strategies, including entries, targets, stop losses, sizes and trade management for each strategy. A significant element of these strategies is Support and Resistance levels for entries and exits. Support and Resistance levels are prices at which the trader can […]
Most Important Skill To Build: Winning Trading Mindset If you do not have the right trading mindset you will fail. This is the most important thing you possess as a trader. The trading mindset is something you need to start working on right now even […]
The forex market is the largest financial market and trades USD3.5 trillion in a single day from all over the world. There is no stock exchange in the world that has been able to reach anywhere close to these numbers. Forex trading is a global platform where people from across the world exchange currencies at different prices.
FRACTALS and how to trade the fractal indicator
Fractals are a great tool for technical analysis and enhance your Forex trading plan and FX trading strategies. Fractals are a very useful FX trading tool and technique:
Market Psychology As we discussed in last month’s Advanced Training, there is a great correlation between Market Psychology and Trading. Since trading is attached to money, many emotions are in play. In particular, emotions such as Greed and Fear associated with trading. Not only does fear […]
Candlesticks can be used for trading Forex strategies. How these candles are used will differ from strategy to strategy, and from trader to trader. Some Forex traders even opt to trade solely based on the information provided by candlesticks.
How does Psychology relate to Trading? There is a tremendous correlation between Psychology and Trading. Since trading is attached to money, many emotions are in play. In particular, emotions such as Greed and Fear are intimately associated with trading.These emotions often operate very subtly in […]
What is a Reversal? Reversal Trading is pretty much what it sounds like; price turning and going in the opposite direction. Some reversals are merely retracements – the market taking a breath from a long run. Others are actual longer-term market direction changes. The actual […]