What does it take to create a successful trading blog? A lot of hard work, passion for trading and this one last element that is often overlooked. Read this post to find out what it is.
What can you learn from one of America’s greatest energy men? Plenty.
Pickens went from successful oil man to hedge fund manager and lost a couple of fortunes in the process. To find out more about what you can learn from him, check out this post.
This is the much anticipated second book from author Tim Ferriss. If you don’t know, his previous book The 4-Hour Workweek is a bestseller and continues to be in the top 5 in three different Amazon.com categories at the time of the writing of this post. In a recent interview I listened to, Tim says […]
I really like this mouse for trading. It is the Gyration wireless mouse. The thing that makes this mouse different is that you can use it on the table like a regular mouse, but you can also use it in the air. There is a trigger-like button on the mouse. When I click that button […]
Wouldn’t it be nice if you could get a text message whenever the price of your favorite pair hits your trigger level? Now you can! This tutorial will show you how to setup Metatrader text message alerts. Watch the step-by-step videos on how to do it.
Saving a clean chart template is an easy way to bring up your favorite chart settings in a few clicks. This saves a lot of time and headache, every time you want to open a new chart.
A couple of Newsletter subscribers asked about installing automated backtesting strategies in Forex Tester 2, So I decided to make a video. I believe that FT2 is the best manual forex backtesting software out there, but it can be used to test automated strategies as well. Here is how you do it: Click here for […]
On a recent trade, I was able to stay in the trade because I focused on price action. However, my ability to stay in a trade and see it to fruition is not as nearly as reliable as I would like it to be. As I continue to work on this, I thought that I […]
I haven’t really been looking too hard for a free online forex trading journal because the solutions I have seen in the past have been pretty disappointing. I stumbled upon this site on Twitter and I was quite surprised. It is called MeetPips.com and it might not be the ultimate forex trading journal, but it […]
I had a question from a reader about how to change the leverage that is used during backtesting. This is a great question and I don’t think they go over it in their instructional videos. The leverage does not need to be exact to the penny, but it must give an accurate representation of actual […]
If you use Fibonacci Retracements a lot, this tutorial may just be for you. In a previous post, I showed you how to do this with a few screen shots and some written instructions. Since then, I have become significantly more sophisticated (cough, cough) and I thought that I would do a video for you […]
And in case you were wondering, I won’t be giving you indicators that already come with Metatrader. I thought that it would be good to build up a resource of indicators that you could pull from and possibly incorporate into your trading. This goes without saying, bu try them in a demo account first. If […]
Sometimes your chart and take a little time to move back to the current bar after you have scrolled back. This post will show you how to solve this.
Green Fairies can be the worst thing that ever happens to you. Find out why and how you can avoid falling under their spell.
This is a great feature in Forex Tester 2 that you may not have known about. I only just started using it recently and it allows me to see where my system stops working and how volatile it is. These are two metrics that are not immediately evident when looking at the final testing results. […]
Recently, I wanted to have a Metatrader indicator that sent an alert every time a currency pair hit today’s or yesterday’s S3 or R3 pivot point. I know some programming, but I do not know the Metatrader programming language. Therefore, instead of investing hundreds of hours on figuring out how to program an indicator I […]
This is not a trading book, but it gives a lot of great tips on how to live and work anywhere in the world. It gives practical advice based on the personal experience of the authors. It is a must read for traders who want to trade and travel.
UPDATE: (4/7/11): The free option is not working anymore. The only way to setup text message alerts is by following the instructions in this post. How do you know when the GBPCHF is close to entering a limit order when you are away from your computer? Set up an alarm that sends a text message […]
I am always looking at other blogs and trading forums, trying to find good ideas for this blog. Information that you could use to become a better trader: news, biographies, answers to problems or stuff you would just find entertaining. In my web surfing, I came across the term “The Trading Lifestyle” while reading through […]
One of the fun things about being a trader is being able to have multiple monitors. At some point it becomes ridiculous, but in my opinion, a minimum of 2 or 3 monitors can really boost your productivity. Longer term traders may not need it, but it is very helpful for shorter term traders because […]
It’s easy to backup our computers. But we always forget to do it and that can have huge consequences. Learn the easy way to backup your trading computer.
If you have blown out your trading account, you have two options. You can sit down in the corner to cry and never trade again. Or you can get back up on the horse and figure out a way to build a new trading account. This post will give you some ideas on how to do it.
I just got through reading, err, listening to Dr. Wayne Dyer’s book Excuses Begone! Even though this isn’t a trading book per se, I believe that it is important to explore different points of view when it comes to examining my own psychology. I usually get the audio version of a book whenever possible because […]
Do you have a pile of trading books that you will never read again just taking up space in your home? This post will show you how to get rid of them in the best possible way.
Learn how broker sub-accounts can help you manage trading risk and hedge trades. This can improve your trading results and hedge your risk.
Learn how I made a ton of pips (and percentage) on one trade. See how the method works and where I learned it from.
This is one of my favorite trading books of all time…and it doesn’t have a single trading system. Find out why I like this book so much here.
So at the end of the day you may have spent that $100 bill a thousand times in your imagination. That is the equivalent of spending $100,000 in a day!
When I first started in Forex, I was looking around for affordable, easy to use forex backtesting software. This is the one I found and I still continue to use it. Read this article to find out why.
When used properly, the COT report can give you valuable insights into what is going on in the markets. Although it is measured in the futures market, it can still help Forex traders. Learn where to get it, how to read it and what…
This is my first post and I just want to introduce myself and what I want to accomplish with this blog. I will also outline how I will be logging my trades and how my trades might be able to help you in your trading.