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How To Calculate Risk In Forex

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I occasionally drop in on a couple of the Forex forums out there to find out where beginning Forex traders need help and I try to answer questions when I can give a good response.  One of the questions that comes up often has to do with calculating risk.

There is a lot of [...]

The “Man On Wire” Trade

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Trading Forex can seem like a tightrope walk sometimes.  You are always balancing between taking the profit you’ve got and hanging on for more.  One false move and you could die!  OK, I got a little carried away…it’s dangerous, but it’s not “falling hundreds of feet to your death” dangerous.

If you have never [...]

How To Penis Prank A Trader On CNBC…And A Trade

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This post is a little experiment in making my trade reviews more interesting.  I found myself falling asleep yesterday doing my own trade review.  Yeah, doing my own review!   If I can’t even sit through my own trade reviews, how can I expect you to?

But I don’t feel too bad.  I have seen [...]

How To Put Together Your Very Own Half-Assed Forex Scam

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My biggest pet peeve by far, when it comes to the Forex market, is all of the scams that people try to pull.  Forex is one of the best markets to trade and these slimeballs take people’s money before they ever have a chance at becoming successful.

The reason that there are so many [...]

The First Trade Of 2012

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Happy New Year!  This is going to be a great year…

Well, I didn’t have to wait long to get a trade setup this year.  Another trade setup in the Wallaby and I took it.  This trade was a little different from other Wallaby trades in that I actually added to the position because [...]

The Last Forex Trade Of 2011

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In the past, I had a tendency to not pay attention to the charts immediately after I closed a trade.  That meant losing out on some excellent opportunities that would have made up for a loss or added more profit to a winning trade.  I’m not exactly sure why that was, but I have [...]

Trade Results For December 28, 2011

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It has been awhile since I posted a trade, but there hasn’t been much to report.  As I mentioned in a previous post, my trades haven’t been setting up so I have just been waiting around.  It is just as well because the holidays have kept me a little busier than usual.

This trade [...]

My Account Got Shut Down And Where I Go From Here

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As you have seen from my Wallaby posts, I have been using a demo account to track my real-time trading results in the EURUSD.  However, when I logged in last week, I was disappointed to find out that my demo account had been closed.  Crap.

I chose IBFX to demo trade with because as [...]

Sitting On Your Hands Is Also A Position

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I have received a couple of questions this week asking if I am still trading.  The short answer is yes, I look at the charts daily.  The reason that I have not been blogging trades is that my setups have not been hit this month.

Actually, it did go off once, but I wasn’t [...]

Can Twitter Be Used As A Forex Trading Indicator?

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I was talking to one of my friends who trades stocks and he mentioned that he watches the stocks that he is trading on Twitter to see what people are saying about those stocks.  Then he uses that as a gauge for market sentiment and is one of the factors that he takes into [...]

Limited Time 32% Off Deal From Trading Heroes and Forex Tester 2

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Hello Traders,

Hope you are doing well during this hectic holiday season.  If you are not trading well and wonder what you can do to improve your trading, the first thing I always recommend is doing some serious backtesting.

Doing this will not guarantee your success of course, but it will put you way [...]

Is Google+ Worth Joining For Forex Traders?

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I have been on Google+ for a few months now and I must admit that I like it better than Facebook.  I still use Facebook because it is the 800 pound Gorilla of social media, but G+ does deliver a different and I would argue, better experience.

First of all, there isn’t as much [...]