With this article, I, believe that your Forex hunting next week will become even more profitable. Why is that so? The subject is on Money Management! Introduction We have discussed the all the angles on and the importance of Stop Losses in the articles called […]
Synchronization can be defined, according to businessdictionary.com, as the “process of precisely coordinating or matching two or more activities…or processes in time”. Well, what we’re looking to match in Trend Synchronization is simply the forex market trends across various time frames. I’ve written before here […]
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 […]
It’s somewhat problematic, however, to be continually checking back and forth across half a dozen time frames looking for multiple trendline convergence. It’s just a lot of work, one of those things that you just naturally start to wish could somehow be automatically indicated to you. Plus, it’s easy to miss something, looking at multiple indicators on several different charts.
There’s a buzz around the forex world at the moment in regard to correlations between currency pairs and how you can use them to your advantage in your trading. While I haven’t personally downloaded or read any of the “secret” reports on this subject, I thought it might be useful to discuss this topic and to give some examples of how I use currency correlations in my own trading…
The 80/20 Principle is a very effective concept in achieving efficiency. It allows you to focus on core revenue making activities instead of wasting resources on unimportant tasks. The principle is one of the essential concepts in modern day business and it has the same […]
Confluence in Forex is a concept that allows Forex traders to combine various technical analysis tools and instruments to judge whether any particular trade has better or worse odds of success. Basically, the idea mitigates the over-reliance on one tool. Today’s article focuses on how […]
I am sure that you are going to love this article. I will be revealing one of my long-term strategies, which I like to call ‘a million USD forex strategy’. I know that all Forex traders, including myself, are especially fond of trading strategies. This […]