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Jason Ramus from Trading Views talks about using trend lines in his trading. He mentions, “Trend lines are a tool that I use every day in my trading. Trend lines work on all times frames. On the daily chart you will have major support areas that you can use to draw a trend line from [...]

Toni Turner from Trading Views discusses how to prevent your bad trades affecting your state of mind for future trades. Everyone hates them. Everyone knows they’re gonna happen. They hurt, they burn, they bruise – both your feelings and your account. Yep, the dreaded losses. But whilst a loss is generally a bad thing, different [...]

Myfxbook, an increasingly popular (at least in terms of Alexa rank) social platform for collaborating forex traders, has introduced a host of new features. Myfxbook differentiates itself from the likes of Currensee by mostly focusing on auto trading strategies. It is a Currensee-Zulutrade crossover if you will. Couple of days ago Myfxbook released a neat [...]

When I first got into forex trading, it was my first taste of trading fullstop. I hadn’t traded in stocks/shares/commodities or anything else. All this nonsense about forex making you a millionaire in a short period – I didn’t believe it, but I realised there was potential to make a lot of money. What happened [...]

System Hopping – Part of a learning process? I’ll admit it openly, when I first started trading Forex, I was a System Hopper. I used to check out different trading strategies. I don’t have a finance degree, no-one taught me forex trading, nor could I afford a expert mentor, so I had to check out [...]

Looks like I might have been wrong in calling this one a no trade people. Based off the AshFX V2 System, it was a definite sell set-up, but the signal candle for me was way too long. I know others have commented that actually, from their experience, they have seen some very profitable trades along [...]

Pulling up the monthly chart on GBP/USD, we can see how it’s tested the (red) trendline on a few occasions over the past couple of years.  Even in November ALREADY it’s been tested. Taking a look at the indicators at the bottom of the screenshot, you can see that the Stochastics are smoothly pointing down, [...]

Taking a look at today’s EUR/USD D1 Chart, we can see how price stopped at around the 1.4700. This guys, was a virtual given – 1.4700 being a psycologial support/resistance point, AND the fact that it’s at the 61.8 Fib retracement level, consequently bouncing back up, and reacted to the 38.2 Fib line to the [...]

Ok, so today we have the following setups: – Buy AUD/NZD – Buy EUR/AUD – Sell GBP/JPY – Sell AUD/CAD Personally I wouldn’t advise trading taking the first two. AUD/NZD’s candle is too long. EUR/AUD’s Stochastics are too choppy, plus candle too long. As for short GBP/JPY and short AUD/CAD, these two look like much [...]

Which is the best Forex System? Tough question, tough answer. Here’s a typical answer you might get on a given forum, “The best system is yourself”. Yeah ok, but that’s not really helpful. The issue is when newbies ask “What’s the best Forex system?”, there are two MEANINGS to this question. The first meaning is [...]