What you need to know to beat the forex market. I was fortunate enough to understand/learn early in my career and profit from it. Once you understand it too. There is no going back. This is the ultimate setup that will guarantee you astronomical profits! (more…)
There is a thin line between profiting in the markets and wasting valuable time.Have you noticed that most successful Forex teachers can teach you a great money making method but it doesn’t make you money? They write great psychological articles and go through an ‘In depth’ tutorial with you yet it doesn’t seem to change your account balance. In the end this is what it is all about. You didn’t come to the FX market to just spend your time on a good read. You came to make money!
The biggest misconception between traders is that; in order to make money in forex one has to make big gains in terms of pips. This is completely untrue. Pocketing small but consistent profits is as safe and rewarding as pocketing big gains that only come once in a while. (more…)
Backtesting is a process in which a trader assesses the performance of a trading strategy over historical data. However there is more to just punching a few numbers into a simulation program or blindly hovering over the charts. Following these essentials will make a tremendous difference in backtesting results. (more…)
Critical Trade Management:
Once a position is opened most traders deem it critical,but it really isn’t. Here are hypothetical ‘critical situations’ that you might find yourself in and on how to manage them.