Category: Tips

Set Realistic Trading Goals

Set Realistic Trading Goals There is a lot of distractions for the newbie forex trader to deal with. Not the least of which is the countless number of people giving bad advice when it comes to what works and what doesn’t in the realm of financial speculation. You know...
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Focus on Trading Price Action in the Markets

Focus on Trading Price Action in the Markets Here’s a Forex Trading lesson that every newbie should pay close attention to. Many new traders are consumed with trying to find the ultimate trading indicator, the one that will finally put them over the top. The problem is that this is...
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Check Scheduled News Events before putting on a trade

Check Scheduled News Events before putting on a trade  tend to create increased volatility in the currency markets, so it is important for a forex trader to monitor scheduled news events and important releases for the currencies that they are trading. There are many online resources where you can...
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Know where the Key Support and Resistance Levels Are

Know where the Key Support and Resistance Levels Are Understanding Support and Resistance is one of the essential concepts in trading. Support and Resistance is defined as key price levels where both buyers and sellers have expressed interest and traded enough volume that it has caused prices to halt...
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Keep Your Trading Simple, Avoid using too many indicators

Keep Your Trading Simple, Avoid using too many indicators As a forex trader you soon realize that the use of indicators in trading is sometimes counterproductive. Most profitable traders will tell you that the best indicator is price, and that every other indicator on your price chart is a...
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Stick with Trading on Higher Timeframes

Stick with Trading on Higher Timeframes Alot of new traders come into the forex market because they are drawn to the excitement of currency trading. They typically have this image in their heads of a Daytrader glued to a multi monitor computer screen, taking dozens of trades per day....
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Create a Trade Plan and keep a Trading Journal

 Create a Trade Plan and keep a Trading Journal You may have heard the saying. Plan your trade, and trade your plan. It seems almost too obvious to mention, but this is one of the most important trading tips to keep in mind if you would like to trade...
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Test Your Strategy and Know your Expectancy

Test Your Strategy and Know your Expectancy As traders, our job is to find high probability setups and execute on them without letting our emotions get in the way. That is really it. But to get here, you have understand that trading is all about risk control and knowing...
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Take a Top down approach and utilize Multi Time Frame Analysis

Take a Top down approach and utilize Multi Time Frame Analysis Regardless of whether you are a Daytrader, Swing Trader, or Long Term Position Trader, you should always try to take a top down approach to trading the markets. What this means simply is that you start with a...
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