As a Forex trader, you’re the boss, all the control is at your fingertips. With this kind of power you can crash the plane or fly safely above the clouds. Unfortunately, the thought process of most traders will lead to the plane crash. Silly, obvious mistakes knock Forex traders out of the trading game, sometimes […]
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Forex trading systems come in a variety of complexities, you get those on one end of the scale which are built on heavy mathematical engines, while others are more simplified in nature. Our stance at ‘The Forex Guy’ is, “simple is the better approach” in the markets. There is no better way to approach the […]
Currency is a medium that is used for exchanging goods and services, from one person to another. The most commonly known is the physical form of coins and paper notes. Today most currency is held in non-physical, electronic forms contained in banks. Electronic money is known commonly as deposit money, cheques and debit cards. The […]
Welcome to today’s price action lesson, today we are going to be talking about the most powerful and abundant price action signal used by price action traders – The Pin Bar. If you are even slightly familiar with price action trading, then the term pin bar is probably not unfamiliar to you as it’s generally […]
When traders first begin their trading journey they are generally not prepared, or even aware of how much of a psychological challenge trading really can be. There are so many psychological and emotional traps in the market which will draw you in, brainwash you then spit you out before you’ve even realized what’s happened. The […]
During our years of involvement with Forex trading we have come across many other fellow traders that we have become acquainted with or just simply observed from a distance amongst various trading communities. Some of these traders evolved into profitable full time traders, others unfortunately became another bad statistic. This article is going to tell […]
Whether you’re religious or not, for a moment just think of Forex trading like Sunday church. You show up in your best clothes and best intentions. You smile and listen to the message, maybe even take some notes. You might sing a couple songs and learn some new tricks, and you go home feeling invigorated, […]
Have you ever had an open trade that has been stopped out before price actually reached your stop loss level. Or maybe seen price reach your trade profit target level, but the trade never closed in profit? How about this one, you set up a pending buy order at a key price level, the market […]
The stakes are as high as the tension in the room. Luck? Baby, it’s not about luck. It’s all about controlling your emotions. It’s about managing risk. It’s about turning a profit. Can you guess what I’m talking about based on the description: Forex trading or professional poker playing? Actually, it’s an apt description of […]
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- Gareth Carter said Great article. I would also recommend that traders...
- Sylvester Madxen said This is very much awesome,the point discussed here...
- Graham Blackmore said Thank you Sylvester. I have had good experiences w...