Archive for forex strategies

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.

Forex Trading Tips: The Risks You Know

The Risks You Know
The longer I trade the more I come to the conclusion that you have to trade like a casino or an insurance company. No, I don’t mean that you should start thinking about setting up your own blackjack table or begin offering life insurance products, but rather that you [...]

Forex Trading Tips: The Mind Games of the Market

The Mind Games of the Market
Imagine you are standing three feet away from the cup. The ball is perfectly aligned and all you have to do is tap it into the cup to close out the hole and win the round against you buddies. You saunter over to the green with a smile on [...]

Forex Trading Tips: Martingale Like a Marketmaker

Martingale Like a Marketmaker
I have a friend who has been extremely successful at trading the equity market over the past several years. She managed to take a modest stake of $60,000 and run it up to nearly three quarters of a million in a period of less than 24 months by remaining unabashedly [...]