Author:
Nial Fuller
Many traders get caught in the trap of over-trading the Forex market. It is very easy for an amateur trader to feel like spending a lot of time analyzing the charts and reading economic news will somehow make them more money in the markets. The truth of the matter is that once you enter a trade there really isn\'t much you should do besides walk away and let the market do its thing. It is very common for amateur traders to meddle in their trades by adjusting stops and moving profit targets after the trade is on, this is not really conducive to a pre-defined or sustainable Forex trading strategy.
The solution to over-trading [...]
Tuesday, 17 February 2015
Learn To Trade the Raw Price Action of the Forex Market
Author:
Nial Fuller
If you are a complete beginner to the Forex market, you should strongly consider learning how to trade off the 'raw' or uninhibited price action of the market before doing anything else. What I mean by 'raw' price action is the natural price movement on a chart that occurs as a result of market variables, without any indicators laid over top of it. The truth is that most beginning traders end up caught in a game of constantly over-analyzing the market and over-complicating it by trying to trade off indicator or software-based trading systems.
Such trading systems almost always fail over time as market conditions change, [...]
Monday, 16 February 2015
Creating A Plan For Price Action Forex Traders
Author:
Edward Lomax
Price action Forex strategies are only powerful if you have a detailed trading plan to follow. Since the strategies are often very simple, a lot of traders thing they can remember everything and don\'t need a plan. But in the heat of battle, when you have real money at risk in the live markets, you are going to be thankful for having a trading plan for your price action strategies.
The first thing you need to understand is 'why' you need to write down a plan. The trading plan is the glue that holds all your trading decision together. When you don\'t have a plan, it is easy to get distracted and let your emotions rule [...]
Understanding Price Action Forex Trading
Author:
Nial Fuller
If you want to trade the Forex market, the best way to do so is to learn how to read the price action on a plain vanilla price chart. This means, no indicators, no software, or anything else of the sort. The very first thing you should do as you learn to trade forex,is obtain a solid understanding of the uninhibited price action on a 'naked' price chart.
Why is it so important to understand price action though? Well, for starters, price action is the 'core' of any financial market. The movement of price across time is the end result of all global economic news events. So, by learning to interpret this price movement, we [...]
3 Keys To Kick Start Your Price Action Forex Trading
Author:
Edward Lomax
Price action is one of the best ways to profit in the Forex market... and this is one of the few things successful traders can agree on. Agreeing on how to trade price action or how to learn to trade price action is another story. But unfortunately, many would-be traders get sidetracked and distracted with the claims of indicators and robots.
Many traders start out looking for the magic combination of indicators that will allow them to crush the Forex markets without really having to know anything about the way price moves, or what those movements 'mean'. Or, they take an even lazier route and try to [...]
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