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 A common question that I see in Forex forums is “How do I calculate my risk in Forex trading?” Then usually, someone goes into a big long calculation that factors in leverage, price per pip and any other random information that they want to include. The truth is that it really isn’t that hard. Here is how you do it. [...]  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 heard [...]  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 scams [...]  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 around [...]  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 account [...]  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 ahead [...]  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 noise [...]  I’m always looking for ways to improve my trading and I’m willing to try anything out. This was put to the test when I got an email from the folks at Hypnosis on the Run (HOTR) last week. They asked me to review their app that is supposed to help traders trade better in just [...]  I missed a trade last week, so I wanted to be sure that I was on top of it this week. This trade came up on Sunday, so I took it. It was a pretty standard trade, nothing special. However, I did exit too early, so I didn’t make as much as I should have. [...]  The Siri digital voice assistant on the iPhone 4S is still in it’s development phases, but it can already do some pretty amazing things. I’m sure that you have seen videos on some of the funny responses that you get when you ask dumb questions. I am still getting used to actually talking to my [...] |
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