Archive for November, 2007
Next Entries »How To Use Volume To Determine Trends
Tuesday, November 27th, 2007by Tim Bourquin
Day traders often find themselves overwhelmed with complex technical indicators, moving averages and complex algorithms. However, sometimes it helps to step back and get back to basics. One of those basic indicators is volume (the number of shares bought and sold in any given day).
Not long ago, a hundred million share [...]
Fibonacci Trading
Monday, November 19th, 2007We are indeed fortunate in this lesson to have Neal Hughes give some of his time and explain some of the basics of Fibonacci trading.
Neal has taught Fibonacci trading methods for many years to private clients and small groups.
Neal is well versed in all aspects of technical analysis. He is also an accomplished programmer and [...]
How to Design a Simple Trading System
Sunday, November 18th, 2007by John Piper
I have spoken a lot about system design and the next logical step is to write a more detailed piece on this subject. So how do you design a system. Well, the first step is to put the structure in place. By this I mean the aim of your system. What do you [...]
Trading Dilemma: “Creating and Sticking to your Fundamental Trading Rules”
Sunday, November 18th, 2007by Robin Dayne
When traders go off, and into an emotionally bad trading pattern, most likely they are breaking their trading rules. They become stubborn instead of keeping focused. Traders break their rules when their focus changes and emotions take over. They forget why they’re trading. Re-focusing on why you trade can create enough leverage to [...]
10 Forex Myths That Cause 95% of Traders to Lose
Saturday, November 17th, 2007I have been a trader for over 25 years and the myths below are common ones and if you make anyone you will lose your equity and join the 95% of traders who lose.
Let’s look at these forex myths and why they will guarantee you lose.
1. You Can Predict The Market
This is a common myth [...]
Common Forex Symbols
Friday, November 16th, 2007by Neal Hughes
For your convenience, here is a list of the common symbols used by FOREX traders. The top six are the most often used charts, though that can vary geographically.
Symbol Currencies
USD/CAD US Dollar / Canadian Dollar
USD/CHF US Dollar / Swiss Franc
USD/JPY US Dollar / Japanese Yen
EUR/USD Euro / US Dollar
GBP/USD British Pound / US Dollar
AUD/USD [...]