If you're new here, you may want to subscribe to the RSS feed. Thanks for visiting!I have encountered a lot of confusion over just exactly what counts as sytem chasing.
The most important symptom to look for when deciding whether you are system chasing or merely trading a perfectly legitimate alternative method is a lack of...
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This week I was speaking to a friend of mine that is also learning how to trade, and we were having a discussion about various fundamental factors influencing the market right now, and also where we see the markets heading in the near future.
We came to the conclusion that certain currencies should start to show...
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This week has been a little taxing from a psychological point of view.
As a professional trader I still get all the urges to system chase and break the rules as much as anyone, but the key is learning how to control those urges.
This week has seen some fantastic set ups in the market, and I...
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When you first decided to take a look at Forex trading as a possible avenue for income, What were you expecting to get from it? How were you expecting it all to work? How long were you expecting it to take you to reach all of your goals? Many traders come into Forex expecting a...
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A student of mine asked me today if he should continue with his exit strategy because he wasn’t feeling comfortable using it and felt that he was starting to struggle with his consistency as a result.
My answer was that he should absolutely stop using it if he was starting to feel like that. The problem...
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Today I had an experience that reinforced the principle of becoming an independent thinker in the Forex.
I had analysed my charts for the day just before the London open, and decided that I had found a really nice high probability set up on the GBP/USD, so I placed my buy order in with the broker...
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By independent I mean simply trusting your own instincts and finding a way of trading that completely suits you and your preferences. This is done by learning the correct principles of trading but applying them in a way that you are totally comfortable with, For example you may decide to follow the “safe trade” system...
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