Archive for forex signals

Forex Trading Tips: Optimizing For Failure

Optimizing For Failure
What do an electronic saw, a Paris metro ticket modern anesthetic equipment have in common? They are all designed for failure. The electric saw comes with something called a dead man switch which turns the saw off instantly the moment a grip lets go. The Paris metro ticket can be inserted into [...]

Forex Trading Tips: Fighting To Victory

Fighting To Victory
When rational expectations economists create their model of the average man they envision a person with foresight of Einstein, the patience of Mahama Gandi and the memory of IBM’s Big Blue. Those are not my words, but rather the writings of Richard Thaler and Cass Sunstein in their new book entitled [...]

Forex Trading Tips: Lifting The Stop

Lifting The Stop
In their book Sway, authors Ori and Rom Brafman describe the series of events surrounding the worst airline crash in Dutch history. Piloted by one of the most accomplished and experienced aviators in the world Captain Jacob Van Zanten, KLM Flight 4805 was on its way to Canary Islands. However a [...]

Forex Trading Tips: Lessons From the 00 Setup

Lessons From the 00 Setup
As we pass the half year mark I think it a good time on this holiday weekend to review the round number set up and see what lessons can be drawn from its various permutations. The first and foremost lesson is that the setup in its raw form is NOT a [...]

Forex Trading Tips: Hitting High Probability and High Profit

Hitting High Probability and High Profit
Contrary to popular belief, getting the correct direction in trading is easier than most people think. “The euro will go up”. “The Dow will go down” etc. The finance channels are full of gurus who make those broad statements and then claim credit when they are eventually [...]

Forex Trading Tips: Trade Without Fear

Trade Without Fear
“I hate to lose,” is an expression that should never exit in trading. Not only because trading fundamentally about losing properly but because hate implies fear and fear is the one emotion that you must banish of you want to be able to trade for the long term. Trading like all economic activities [...]

Forex Trading Tips: 10,000 Hours

10,000 Hours

The latest Malcolm Gladwell book Outliers should be a must read for anyone who trades. Mr. Gladwell studied the backgrounds of many extraordinarily accomplished people from all walks of life and found that the reason for their success had far less to do with their innate talent and far more to do with their [...]

Forex Trading Tips: From Raindance to Pipdance

From Raindance to Pipdance

My sister just came back from mainland China and upon her return to Florida was shocked to see the contrast between the obese Americans and the relatively thin Chinese. This is of course a common observation and often leads to a never ending lament about the dominance of American fast food [...]

Forex Trading Tips: Will Bing Turn Google Into Netscape and Why It Matters to Trading

Will Bing Turn Google Into Netscape and Why It Matters to Trading

Twelve years ago, a company called Netscape was the hottest software maker in the world. It invented the internet browser and started the online revolution. At one point it owned 80% of the browser market and looked like it was going to dominate [...]

Forex Trading Tips: Forget Discipline

Forget Discipline
Since I am writing this week’s column from Dubai’s Media City sandwiched in between meetings I’ll make it short and sweet. No weekly news stories, no Youtube clip, but fear not I do have some advice that I think you’ll find interesting.