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 profitability. If you are profitable in your current trading and can approach the market with...
continue reading...
After reading my course you will no doubt realise that one of the keys to successful trading is finding a method that suits you and sticking to it no matter what. One of the things I get asked all of the time by lots of different people is, “what kind of trader are you?” Usually...
continue reading...
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...
continue reading...
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...
continue reading...
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...
continue reading...
Something I feel most traders’ sometimes over look and maybe even ignore totally is the fact that trading is an odds game.
This means that nothing is totally certain so if you want to save yourself from losing all of your money you have to increase the levels of certainty by as much as possible. Many...
continue reading...
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...
continue reading...
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...
continue reading...
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...
continue reading...
Welcome to Invest FX, the best Forex training course and community on the web!
With the free Invest FX training course you’ll learn how to trade Forex to trade-ready level. Once you’ve completed the course you’ll be ready to go to a broker and start your Forex trading adventure!
It doesn’t end there though, our FX community...
continue reading...
