In the previous article I showed you how important it is to only take trades where there is at the chance of winning at least twice the amount that you stake. If you missed the article CLICK HERE This is crucial in becoming a successful trader. One skill is teh...
Hi, in talking with “one to one” students in recent weeks it becomes apparent to me that folks need to concentrate far more on calculating their risk reward ratios before placing trades. If you were going to bet on a horse race you would be a fool to risk $1 to $1...
Our resident mentor Rich Friesen shows you how to let your winners run & cut your losers short. This is KEY to becoming a successful trader. Richard Friesen, a trader from the floors of the Chicago Board of Trade, the Chicago Mercantile Exchange and the options...
What Texas Hold Em’ Can Teach Us About Trading & Forex; Great article by our resident forex mentor & keen poker player, Omar Eltoukhy. We often tell you that if the markets are flat but you need excitement then take up poker or some other past time for...
So, how’s this for fun?? We have several weeks of completely garbage markets because of the US govt. shutdown……then they get it “resolved” and we get our normal first week’s news at the end of the month of October. Happy...
This is a copy of the analysis I provided to members of my forex mentor group before the markets opened on Sunday 27th October. There had been big moves the previous week and inexperienced traders will have been looking to jump in to trades now. I cautioned against...
This is a precis of one of the best forex books I have read & deals specifically with the biggest problems most of you are having, especially dare I say it? mindset & Discipline Trading in The Zone By Mark Douglas. Notes supplemented by Josh Duesterbeck...
Oh great another post about candle stick formations. Which one now Omar?? The “multiverse-reversal-with-a-flip formation??” The internet is chocked full of blogs, sites and training courses that include a well-known approach to market analysis using...
Here is Omar Eltoukhys detailed forex analysis AND he shows you how he uses forex candlesticks to help make his trading plan. In the previous article Confused About Candlesticks? he explained how he concentrates on just a few AND in the video below he gives practical...
When I started trading forex back in 2002, like most novice, home based forex traders I was actually gambling. I have never gambled in my life nor had any interest in doing so BUT I had soon developed all the bad habits of someone with a gambling habit. If you would...
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Risk Disclosure Statement: Trading currencies on margin involves a high level of risk which may not be suitable for all investors. Leverage can work against you just as easily as it can work for you. Before deciding to trade currencies you should carefully consider your trading and financial objectives, level of experience, and appetite for risk. The possibility exists that you could sustain a loss of some, or possibly all of your trading capital. Therefore, you should not fund a trading account with money that you cannot afford to lose. It is recommended that you seek advice from an accredited financial advisor if you have any doubts as to whether currency trading is right for you. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Any losses incurred by traders unsuccessful in applying these ideas or methods are the sole responsibility of the trader and not ForexTrainingAcademy.com and its principals, contractors and assigns will be held safe from prosecution in any form.Ok
