First let’s start off with the definition of a Forex trading system. A trading system may also be referred to as a “trading method” or a “trading strategy”. The simplest way to put it would be to say that a Forex system is a set of rules to be followed in order to effectively trade […]
Breakout Forex Trading
One of the most popular techniques for profitable Forex trading is known as “breakout Forex trading”. Breakout Forex trading has grown in popularity because it has proven to be an extremely effective method to profitably trade Forex. Breakout Forex trading gets its name because the trades are triggered when the price of a currency pair […]
How to Trade Forex Without Using Indicators
Many beginning traders have had challenges with their profitability. After trying nearly every indicator under the sun there are those who are wondering how to trade Forex without using indicators. This is definitely possible, profitable, and much easier to learn than you think. No indicator Forex trading is nothing new, it is just that it […]
The Disadvantages of Using a Robot in Forex Trading
Forex robots are all the rage these days. Everywhere you look it seems that someone is coming out with a new, latest, greatest Forex trading robot. Quite naturally each vendor wants you to choose their particular robot over the others available in the marketplace. It stands to reason that not all Forex robots are created […]
What a “Reality Buffer” Is and How It Can Help Your Forex Trading
I coined the phrase, “reality buffer” when writing my book, “Technical Analysis: Forex Analysis and Technical Trading Basics“. A reality buffer is simply something that is added into your analysis to assist you in creating more realistic strategy performance results. Frequently when testing strategies on historical data beginning traders will not factor in things such […]
Can You Really Make Money with Forex Simple Systems?
One of the biggest mistakes that we as traders can make is to make successful Forex trading more complicated than it has to be. Simple Forex systems are more than sufficient enough to make a good long-term profit in Forex trading. One example of a simple Forex system is a simple moving average system. You’ll […]
Evaluating Forex Trading Systems — Lessons Learned from Being in the Trenches
One of the most important skills that you should develop to be a successful Forex trader is the skill of evaluating Forex trading systems. Why is this skills so valuable? Because all Forex trading systems are not created equal. Some are great, some are good, and some don’t have a chance of ever working. As […]
An Introduction to Forex Technical Analysis
One of the most popular ways for individual Forex traders to analyze the Forex markets is by using Forex technical analysis. Technical analysts work on the concept that as the market digests economic news, world events, and other data the effects of that data becomes reflected in the price. Technical analysts use combinations of price, […]
The Importance of Controlling Your Forex Trading Risk
One statement holds true in Forex trading and that is “there is no reward without risk”. Experienced Forex traders realize that there is risk with every single trade that they take. Successful traders know that risk is a very natural part of any speculative venture and Forex trading is definitely speculation. One of the first […]
The Importance Of Learning To Evaluate Trading Strategies
There are tons of different Forex trading strategies available for you to choose from. Getting a Forex trading strategy that’s uniquely suited to you is of paramount importance if you wish to be successful. Of all the different types of Forex trading strategies some are simply not going to be suited to you. For example, […]