One of the most important things in trading is picking the right currency pair, combined with the right trading strategy. Choosing correctly has the potential to make a huge profit, while choosing the wrong pair will lose money. This is one of the similarities […]
Looking at a weekly USDJPY chart, you will notice that we have embedded weekly Master Candles set up. For those of you unfamiliar with Master Candles, they are candles that engulf the next four following candles. Trading a break of a Master Candle on any […]
These days, there is a lot of discussion about automated trading vs manual trading. One of the main things that have caused these discussions is the flood of automated trading systems that have come into the marketplace. There are THOUSANDS of Forex trading robots out […]
One thing I do that helps me to open good trades and avoid bad trades, is a Forex Checklist. This check list has a list of rules that must be in place before I enter a trade. I have found that by having a simple checklist in place it assists me in having the discipline to stick to my plan.
The currency markets operate 24/7. That’s a lot more than any of us can remain sitting at our computer screens, obsessively monitoring each price tick up and down for all our currency positions and everything we want to be in. That’s where pending orders come […]
I am excited to introduce all the readers of Winners Edge Trading to our new contributor Mark Thomas. He will be writing Forex Articles for this site along with me from now on. I have chosen Mark because he does his work and writing with excellence and that is what makes good Forex traders.
Enhance your ability to analyze trend reversals in the market and take advantage of them effectively by using support and resistance, chart patterns, break of trendlines, divergence, and change of our trend indicator. The trend is your friend until it bends. Simple words and a […]
hese days, there is a lot of hype surrounding automated trading systems. If you are a regular subscriber to any Forex website, you have probably seen ads or received emails promoting trading systems. Every company claims to have the best trading system
So let’s get started by mentioning the basics of why multiple time-frame analysis is so important.
Key levels of support and resistance may exist near your trade, but that can’t be seen on the time-frame you are trading on.
The trend may appear differently on the time-frame you are looking at than where the longer term trend is really moving.
Price may appear to have room to move on one time frame where it is actually qui