Forex
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Tuesday, November 27th, 2007by Mark McRae On a recent lecture on trading I asked one of the audience whom I knew traded spot forex where the trend was for the Euro/Dollar this week. He immediately replied that the trend was up. I then asked how he knew the trend was up for all the traders who trade the [...]
5 Questions You Need To Have Answered Before You Back-Test Your Forex System
Tuesday, November 27th, 2007by Ryan Sheehy As 90-95% of new forex traders lose money within the first 3-6 months this article helps to guide new forex traders by asking 5 questions that the forex trader needs to know prior to back-testing their forex system. Let us jump right in… 1. What data type are you using (or going [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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